APIE vs. APUE

Last updated Jun 23, 2026

APIE (ActivePassive International Equity ETF) and APUE (ActivePassive U.S. Equity ETF) are both exchange-traded funds - APIE is a Foreign Large Cap Equities fund actively managed by ActivePassive, while APUE is a Large Cap Blend Equities fund actively managed by ActivePassive. Both are actively managed. Over the past 3 years, APIE returned 18.28%/yr vs 21.04%/yr for APUE. A 0.70 correlation means they provide meaningful diversification when combined. APIE charges 0.45%/yr vs 0.33%/yr for APUE.

Performance

APIE vs. APUE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ActivePassive International Equity ETF (APIE) and ActivePassive U.S. Equity ETF (APUE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APIE achieves a 9.17% return, which is significantly lower than APUE's 10.15% return.

APIE

• 1D: -0.29%
• 1M: 2.45%
• YTD: 9.17%
• 6M: 9.79%
• 1Y: 26.18%
• 3Y*: 18.28%
• 5Y*: —
• 10Y*: —

APUE

• 1D: -0.37%
• 1M: 0.53%
• YTD: 10.15%
• 6M: 9.51%
• 1Y: 27.84%
• 3Y*: 21.04%
• 5Y*: —
• 10Y*: —

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

APIE vs. APUE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
APIE ActivePassive International Equity ETF	9.17%	31.46%	7.37%	7.64%
APUE ActivePassive U.S. Equity ETF	10.15%	17.49%	23.89%	17.63%

Correlation

The correlation between APIE and APUE is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (All Time) Calculated using the full available price history since May 3, 2023	0.70

The correlation between APIE and APUE has been stable across timeframes, ranging from 0.70 to 0.79 - a consistent structural relationship.

APIE vs. APUE - Sectors Allocation Comparison

Sectors	APIE	APUE
Technology	22.7%	37.6%
Financial Services	19.8%	11.4%
Industrials	14.0%	9.3%
Consumer Cyclical	9.8%	10.3%
Healthcare	9.2%	8.6%
Communication Services	7.3%	9.9%
Consumer Defensive	6.2%	4.4%
Basic Materials	5.4%	2.0%
Energy	2.7%	3.1%
Utilities	2.4%	1.8%
Real Estate	0.5%	1.6%

Return for Risk

APIE vs. APUE — Risk / Return Rank

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

APIE

APIE Risk / Return Rank: 45
APIE Sharpe Ratio Rank: 46
APIE Sortino Ratio Rank: 46
APIE Omega Ratio Rank: 44
APIE Calmar Ratio Rank: 44
APIE Martin Ratio Rank: 47

APUE

APUE Risk / Return Rank: 70
APUE Sharpe Ratio Rank: 71
APUE Sortino Ratio Rank: 69
APUE Omega Ratio Rank: 70
APUE Calmar Ratio Rank: 65
APUE Martin Ratio Rank: 77

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.

APIE vs. APUE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ActivePassive International Equity ETF (APIE) and ActivePassive U.S. Equity ETF (APUE). 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.

	APIE	APUE	Difference
Sharpe ratio: Return per unit of total volatility	1.57	2.21	-0.64
Sortino ratio: Return per unit of downside risk	2.24	3.01	-0.77
Omega ratio: Gain probability vs. loss probability	1.28	1.40	-0.12
Calmar ratio: Return relative to maximum drawdown	2.12	3.11	-0.99
Martin ratio: Return relative to average drawdown	7.75	14.18	-6.43

APIE vs. APUE - Sharpe Ratio Comparison

The current APIE Sharpe Ratio is 1.57, which is comparable to the APUE Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of APIE and APUE, 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

APIE vs. APUE - Drawdown Comparison

The maximum APIE drawdown since its inception was -15.94%, smaller than the maximum APUE drawdown of -18.83%. Use the drawdown chart below to compare losses from any high point for APIE and APUE.

Drawdown Indicators

	APIE	APUE	Difference
Max Drawdown Largest peak-to-trough decline	-15.94%	-18.83%	+2.89%
Max Drawdown (1Y) Largest decline over 1 year	-12.41%	-8.98%	-3.43%
Max Drawdown (3Y) Largest decline over 3 years	-15.94%	-18.83%	+2.89%
Current Drawdown Current decline from peak	-0.54%	-1.33%	+0.79%
Average Drawdown Average peak-to-trough decline	-2.74%	-2.06%	-0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	1.97%	+1.42%

Volatility

APIE vs. APUE - Volatility Comparison

ActivePassive International Equity ETF (APIE) has a higher volatility of 5.99% compared to ActivePassive U.S. Equity ETF (APUE) at 4.49%. This indicates that APIE's price experiences larger fluctuations and is considered to be riskier than APUE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APIE	APUE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.99%	4.49%	+1.50%
Volatility (6M) Calculated over the trailing 6-month period	13.88%	9.82%	+4.06%
Volatility (1Y) Calculated over the trailing 1-year period	16.81%	12.68%	+4.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.94%	14.73%	+2.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.94%	14.73%	+2.21%

APIE vs. APUE - Expense Ratio Comparison

APIE has a 0.45% expense ratio, which is higher than APUE's 0.33% expense ratio.

Dividends

APIE vs. APUE - Dividend Comparison

APIE's dividend yield for the trailing twelve months is around 3.40%, more than APUE's 0.76% yield.

Position	TTM	2025	2024	2023
APIE ActivePassive International Equity ETF	3.40%	3.71%	2.14%	0.63%
APUE ActivePassive U.S. Equity ETF	0.76%	0.83%	0.79%	0.41%

Frequently Asked Questions

Can I hold both APIE and APUE in my portfolio?

APIE and APUE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, APIE or APUE?

APIE has higher volatility (5.99%) compared to APUE (4.49%). In terms of maximum drawdown, APIE dropped -15.94% vs APUE's -18.83%.

Which ETF is better, APIE or APUE?

On 3-year performance, APUE leads with 21.04% vs 18.28% for APIE. On fees, APUE is cheaper at 0.33% per year. On volatility, APUE has been the lower-risk option at 4.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, APIE or APUE?

Over the 3-year period, APUE has performed better with a 21.04% return vs 18.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, APIE or APUE?

APUE is cheaper with a 0.33% expense ratio, compared with 0.45% for APIE.

Which ETF pays a higher dividend yield, APIE or APUE?

APIE has the higher dividend yield at 3.40%, compared with 0.76% for APUE.

What is the main difference between APIE and APUE?

APIE is categorized as Foreign Large Cap Equities, while APUE is Large Cap Blend Equities. Their fees differ too: 0.45% for APIE and 0.33% for APUE.

Which has better risk-adjusted returns?

APUE currently has the higher Sharpe Ratio (2.21 vs 1.57), 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.