DRSK vs. ACIO

Last updated Jun 5, 2026

DRSK (Aptus Defined Risk ETF) and ACIO (Aptus Collared Income Opportunity ETF) are both Diversified Portfolio funds from Aptus Capital Advisors. Both are actively managed. Over the past 5 years, DRSK returned 3.13%/yr vs 10.25%/yr for ACIO. A 0.55 correlation means they provide meaningful diversification when combined. Both charge a 0.79% expense ratio.

Performance

DRSK vs. ACIO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus Defined Risk ETF (DRSK) and Aptus Collared Income Opportunity ETF (ACIO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRSK achieves a 4.10% return, which is significantly lower than ACIO's 7.58% return.

DRSK

• 1D: 0.34%
• 1M: 2.76%
• YTD: 4.10%
• 6M: 2.54%
• 1Y: 8.04%
• 3Y*: 9.30%
• 5Y*: 3.13%
• 10Y*: —

ACIO

• 1D: 0.34%
• 1M: 3.44%
• YTD: 7.58%
• 6M: 6.54%
• 1Y: 16.28%
• 3Y*: 16.07%
• 5Y*: 10.25%
• 10Y*: —

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

DRSK vs. ACIO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DRSK Aptus Defined Risk ETF	4.10%	7.67%	12.50%	2.08%	-9.57%	0.88%	13.80%	1.80%
ACIO Aptus Collared Income Opportunity ETF	7.58%	9.03%	21.92%	15.90%	-10.31%	18.03%	9.85%	3.32%

Correlation

The correlation between DRSK and ACIO is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jul 11, 2019	0.55

The correlation between DRSK and ACIO shifts across timeframes, from 0.55 (all time) to 0.67 (1 year), reflecting how their relationship changes across market environments.

DRSK vs. ACIO - Sectors Allocation Comparison

Sectors	DRSK	ACIO
Technology	35.6%	35.2%
Financial Services	11.8%	11.9%
Communication Services	11.2%	11.3%
Consumer Cyclical	10.1%	10.1%
Healthcare	8.5%	8.4%
Industrials	8.3%	8.3%
Consumer Defensive	4.9%	5.0%
Energy	3.5%	3.6%
Utilities	2.4%	2.4%
Real Estate	1.9%	2.1%
Basic Materials	1.8%	1.7%

Return for Risk

DRSK vs. ACIO — Risk / Return Rank

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

DRSK

DRSK Risk / Return Rank: 26
DRSK Sharpe Ratio Rank: 28
DRSK Sortino Ratio Rank: 29
DRSK Omega Ratio Rank: 26
DRSK Calmar Ratio Rank: 24
DRSK Martin Ratio Rank: 23

ACIO

ACIO Risk / Return Rank: 56
ACIO Sharpe Ratio Rank: 59
ACIO Sortino Ratio Rank: 61
ACIO Omega Ratio Rank: 60
ACIO Calmar Ratio Rank: 47
ACIO 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.

DRSK vs. ACIO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus Defined Risk ETF (DRSK) and Aptus Collared Income Opportunity ETF (ACIO). 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.

	DRSK	ACIO	Difference
Sharpe ratio: Return per unit of total volatility	0.98	1.98	-1.00
Sortino ratio: Return per unit of downside risk	1.53	2.80	-1.27
Omega ratio: Gain probability vs. loss probability	1.18	1.36	-0.18
Calmar ratio: Return relative to maximum drawdown	1.12	2.26	-1.14
Martin ratio: Return relative to average drawdown	2.89	9.06	-6.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DRSK vs. ACIO - Sharpe Ratio Comparison

The current DRSK Sharpe Ratio is 0.98, which is lower than the ACIO Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of DRSK and ACIO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DRSK	ACIO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.98	1.98	-1.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.93	-0.51
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.90	-0.10

Drawdowns

DRSK vs. ACIO - Drawdown Comparison

The maximum DRSK drawdown since its inception was -19.87%, which is greater than ACIO's maximum drawdown of -14.19%. Use the drawdown chart below to compare losses from any high point for DRSK and ACIO.

Drawdown Indicators

	DRSK	ACIO	Difference
Max Drawdown Largest peak-to-trough decline	-19.87%	-14.19%	-5.68%
Max Drawdown (1Y) Largest decline over 1 year	-7.20%	-7.22%	+0.02%
Max Drawdown (3Y) Largest decline over 3 years	-9.60%	-12.12%	+2.52%
Max Drawdown (5Y) Largest decline over 5 years	-19.87%	-14.00%	-5.87%
Current Drawdown Current decline from peak	-0.91%	-0.30%	-0.61%
Average Drawdown Average peak-to-trough decline	-4.21%	-3.18%	-1.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	1.80%	+0.99%

Volatility

DRSK vs. ACIO - Volatility Comparison

Aptus Defined Risk ETF (DRSK) has a higher volatility of 2.97% compared to Aptus Collared Income Opportunity ETF (ACIO) at 2.17%. This indicates that DRSK's price experiences larger fluctuations and is considered to be riskier than ACIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRSK	ACIO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	2.17%	+0.80%
Volatility (6M) Calculated over the trailing 6-month period	5.19%	6.14%	-0.95%
Volatility (1Y) Calculated over the trailing 1-year period	8.26%	8.26%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.39%	11.05%	-3.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.06%	11.64%	-4.58%

DRSK vs. ACIO - Expense Ratio Comparison

Both DRSK and ACIO have an expense ratio of 0.79%.

Dividends

DRSK vs. ACIO - Dividend Comparison

DRSK's dividend yield for the trailing twelve months is around 3.61%, more than ACIO's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ACIO Aptus Collared Income Opportunity ETF	0.38%	0.37%	0.44%	0.72%	1.51%	0.61%	1.02%	1.32%	0.00%
DRSK Aptus Defined Risk ETF	3.61%	3.67%	3.31%	3.57%	1.93%	2.64%	5.69%	3.04%	2.62%

Frequently Asked Questions

Can I hold both DRSK and ACIO in my portfolio?

DRSK and ACIO have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DRSK or ACIO?

DRSK has higher volatility (2.97%) compared to ACIO (2.17%). In terms of maximum drawdown, DRSK dropped -19.87% vs ACIO's -14.19%.

Which ETF is better, DRSK or ACIO?

On 5-year performance, ACIO leads with 10.25% vs 3.13% for DRSK. Both ETFs have the same 0.79% expense ratio. On volatility, ACIO has been the lower-risk option at 2.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DRSK or ACIO?

Over the 5-year period, ACIO has performed better with a 10.25% return vs 3.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DRSK or ACIO?

DRSK and ACIO have the same expense ratio: 0.79% per year.

Which ETF pays a higher dividend yield, DRSK or ACIO?

DRSK has the higher dividend yield at 3.61%, compared with 0.38% for ACIO.

Which has better risk-adjusted returns?

ACIO currently has the higher Sharpe Ratio (1.98 vs 0.98), 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.