ADME vs. SHUS

Last updated Jun 24, 2026

ADME (Aptus Drawdown Managed Equity ETF) and SHUS (Syntax Stratified U.S. Total Market Hedged ETF) are both Hedge Fund funds. ADME is passively managed, while SHUS is actively managed. Over the past year, ADME returned 17.42% vs 16.83% for SHUS. A 0.72 correlation means they provide meaningful diversification when combined. ADME charges 0.79%/yr vs 0.65%/yr for SHUS.

Performance

ADME vs. SHUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus Drawdown Managed Equity ETF (ADME) and Syntax Stratified U.S. Total Market Hedged ETF (SHUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADME achieves a 7.37% return, which is significantly lower than SHUS's 8.73% return.

ADME

• 1D: -1.15%
• 1M: -1.31%
• YTD: 7.37%
• 6M: 6.36%
• 1Y: 17.42%
• 3Y*: 16.12%
• 5Y*: 7.44%
• 10Y*: 8.73%

SHUS

• 1D: 0.13%
• 1M: 0.74%
• YTD: 8.73%
• 6M: 8.13%
• 1Y: 16.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ADME vs. SHUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ADME Aptus Drawdown Managed Equity ETF	7.37%	10.28%	1.64%
SHUS Syntax Stratified U.S. Total Market Hedged ETF	8.73%	10.89%	-2.65%

Correlation

The correlation between ADME and SHUS is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (All Time) Calculated using the full available price history since Sep 30, 2024	0.72

The correlation between ADME and SHUS has been stable across timeframes, ranging from 0.70 to 0.72 - a consistent structural relationship.

Return for Risk

ADME vs. SHUS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADME

ADME Risk / Return Rank: 51
ADME Sharpe Ratio Rank: 50
ADME Sortino Ratio Rank: 50
ADME Omega Ratio Rank: 48
ADME Calmar Ratio Rank: 50
ADME Martin Ratio Rank: 57

SHUS

SHUS Risk / Return Rank: 53
SHUS Sharpe Ratio Rank: 52
SHUS Sortino Ratio Rank: 55
SHUS Omega Ratio Rank: 50
SHUS Calmar Ratio Rank: 53
SHUS Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADME vs. SHUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus Drawdown Managed Equity ETF (ADME) and Syntax Stratified U.S. Total Market Hedged ETF (SHUS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ADME	SHUS	Difference
Sharpe ratio: Return per unit of total volatility	1.64	1.66	-0.03
Sortino ratio: Return per unit of downside risk	2.30	2.44	-0.13
Omega ratio: Gain probability vs. loss probability	1.29	1.29	0.00
Calmar ratio: Return relative to maximum drawdown	2.34	2.43	-0.10
Martin ratio: Return relative to average drawdown	9.68	8.63	+1.06

ADME vs. SHUS - Sharpe Ratio Comparison

The current ADME Sharpe Ratio is 1.64, which is comparable to the SHUS Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of ADME and SHUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ADME vs. SHUS - Drawdown Comparison

The maximum ADME drawdown since its inception was -27.49%, which is greater than SHUS's maximum drawdown of -14.09%. Use the drawdown chart below to compare losses from any high point for ADME and SHUS.

Drawdown Indicators

	ADME	SHUS	Difference
Max Drawdown Largest peak-to-trough decline	-27.49%	-14.09%	-13.40%
Max Drawdown (1Y) Largest decline over 1 year	-7.49%	-6.95%	-0.54%
Max Drawdown (3Y) Largest decline over 3 years	-15.67%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.43%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-27.49%	—	—
Current Drawdown Current decline from peak	-2.93%	-1.33%	-1.60%
Average Drawdown Average peak-to-trough decline	-7.89%	-2.59%	-5.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	1.96%	-0.16%

Volatility

ADME vs. SHUS - Volatility Comparison

Aptus Drawdown Managed Equity ETF (ADME) has a higher volatility of 4.57% compared to Syntax Stratified U.S. Total Market Hedged ETF (SHUS) at 3.18%. This indicates that ADME's price experiences larger fluctuations and is considered to be riskier than SHUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADME	SHUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	3.18%	+1.39%
Volatility (6M) Calculated over the trailing 6-month period	8.63%	7.37%	+1.26%
Volatility (1Y) Calculated over the trailing 1-year period	10.73%	10.17%	+0.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.00%	12.60%	+0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.45%	12.60%	+1.85%

ADME vs. SHUS - Expense Ratio Comparison

ADME has a 0.79% expense ratio, which is higher than SHUS's 0.65% expense ratio.

Dividends

ADME vs. SHUS - Dividend Comparison

ADME's dividend yield for the trailing twelve months is around 0.38%, less than SHUS's 1.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ADME Aptus Drawdown Managed Equity ETF	0.38%	0.38%	0.47%	0.78%	0.73%	0.26%	0.41%	0.70%	0.86%	0.32%	0.69%
SHUS Syntax Stratified U.S. Total Market Hedged ETF	1.26%	1.37%	0.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ADME and SHUS in my portfolio?

ADME and SHUS have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADME or SHUS?

ADME has higher volatility (4.57%) compared to SHUS (3.18%). In terms of maximum drawdown, ADME dropped -27.49% vs SHUS's -14.09%.

Which ETF is better, ADME or SHUS?

On 1-year performance, ADME leads with 17.42% vs 16.83% for SHUS. On fees, SHUS is cheaper at 0.65% per year. On volatility, SHUS has been the lower-risk option at 3.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ADME or SHUS?

Over the 1-year period, ADME has performed better with a 17.42% return vs 16.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ADME or SHUS?

SHUS is cheaper with a 0.65% expense ratio, compared with 0.79% for ADME.

Which ETF pays a higher dividend yield, ADME or SHUS?

SHUS has the higher dividend yield at 1.26%, compared with 0.38% for ADME.

What is the main difference between ADME and SHUS?

They also come from different issuers: Aptus Capital Advisors and Syntax Advisors. Their fees differ too: 0.79% for ADME and 0.65% for SHUS.

Which has better risk-adjusted returns?

SHUS currently has the higher Sharpe Ratio (1.66 vs 1.64), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.