DUBS vs. ACIO

Last updated Jun 23, 2026

DUBS (Aptus Large Cap Enhanced Yield ETF) and ACIO (Aptus Collared Income Opportunity ETF) are both exchange-traded funds - DUBS is a Large Cap Blend Equities fund actively managed by Aptus, while ACIO is a Diversified Portfolio fund actively managed by Aptus Capital Advisors. Both are actively managed. Over the past 3 years, DUBS returned 21.30%/yr vs 15.24%/yr for ACIO. With a 0.95 correlation, they move nearly in lockstep. DUBS charges 0.39%/yr vs 0.79%/yr for ACIO.

Performance

DUBS vs. ACIO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus Large Cap Enhanced Yield ETF (DUBS) 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, DUBS achieves a 11.21% return, which is significantly higher than ACIO's 6.05% return.

DUBS

• 1D: -0.37%
• 1M: 0.05%
• YTD: 11.21%
• 6M: 11.02%
• 1Y: 30.66%
• 3Y*: 21.30%
• 5Y*: —
• 10Y*: —

ACIO

• 1D: -0.41%
• 1M: -0.45%
• YTD: 6.05%
• 6M: 5.72%
• 1Y: 15.07%
• 3Y*: 15.24%
• 5Y*: 9.91%
• 10Y*: —

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

DUBS vs. ACIO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DUBS Aptus Large Cap Enhanced Yield ETF	11.21%	19.28%	24.08%	7.89%
ACIO Aptus Collared Income Opportunity ETF	6.05%	9.03%	21.92%	8.37%

Correlation

The correlation between DUBS and ACIO is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jun 14, 2023	0.95

The correlation between DUBS and ACIO has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

DUBS vs. ACIO — Risk / Return Rank

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

DUBS

DUBS Risk / Return Rank: 76
DUBS Sharpe Ratio Rank: 75
DUBS Sortino Ratio Rank: 70
DUBS Omega Ratio Rank: 75
DUBS Calmar Ratio Rank: 75
DUBS Martin Ratio Rank: 84

ACIO

ACIO Risk / Return Rank: 49
ACIO Sharpe Ratio Rank: 52
ACIO Sortino Ratio Rank: 51
ACIO Omega Ratio Rank: 52
ACIO Calmar Ratio Rank: 43
ACIO Martin Ratio Rank: 50

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.

DUBS vs. ACIO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus Large Cap Enhanced Yield ETF (DUBS) 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.

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.

	DUBS	ACIO	Difference
Sharpe ratio: Return per unit of total volatility	2.29	1.73	+0.57
Sortino ratio: Return per unit of downside risk	3.05	2.40	+0.65
Omega ratio: Gain probability vs. loss probability	1.42	1.32	+0.11
Calmar ratio: Return relative to maximum drawdown	3.71	2.10	+1.62
Martin ratio: Return relative to average drawdown	16.87	8.17	+8.70

DUBS vs. ACIO - Sharpe Ratio Comparison

The current DUBS Sharpe Ratio is 2.29, which is higher than the ACIO Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of DUBS 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.

Drawdowns

DUBS vs. ACIO - Drawdown Comparison

The maximum DUBS drawdown since its inception was -18.48%, which is greater than ACIO's maximum drawdown of -14.19%. Use the drawdown chart below to compare losses from any high point for DUBS and ACIO.

Drawdown Indicators

	DUBS	ACIO	Difference
Max Drawdown Largest peak-to-trough decline	-18.48%	-14.19%	-4.29%
Max Drawdown (1Y) Largest decline over 1 year	-8.29%	-7.22%	-1.07%
Max Drawdown (3Y) Largest decline over 3 years	-18.48%	-12.12%	-6.36%
Max Drawdown (5Y) Largest decline over 5 years	—	-14.00%	—
Current Drawdown Current decline from peak	-1.77%	-1.72%	-0.05%
Average Drawdown Average peak-to-trough decline	-1.95%	-3.18%	+1.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	1.85%	-0.03%

Volatility

DUBS vs. ACIO - Volatility Comparison

Aptus Large Cap Enhanced Yield ETF (DUBS) has a higher volatility of 5.13% compared to Aptus Collared Income Opportunity ETF (ACIO) at 3.46%. This indicates that DUBS'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

	DUBS	ACIO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.13%	3.46%	+1.67%
Volatility (6M) Calculated over the trailing 6-month period	10.51%	6.77%	+3.74%
Volatility (1Y) Calculated over the trailing 1-year period	13.45%	8.79%	+4.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.70%	11.12%	+3.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.70%	11.67%	+3.03%

DUBS vs. ACIO - Expense Ratio Comparison

DUBS has a 0.39% expense ratio, which is lower than ACIO's 0.79% expense ratio.

Dividends

DUBS vs. ACIO - Dividend Comparison

DUBS's dividend yield for the trailing twelve months is around 1.96%, more than ACIO's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ACIO Aptus Collared Income Opportunity ETF	0.38%	0.37%	0.44%	0.72%	1.51%	0.61%	1.02%	1.32%
DUBS Aptus Large Cap Enhanced Yield ETF	1.96%	2.06%	2.52%	1.14%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DUBS and ACIO in my portfolio?

With a correlation of 0.96, DUBS and ACIO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DUBS or ACIO?

DUBS has higher volatility (5.13%) compared to ACIO (3.46%). In terms of maximum drawdown, DUBS dropped -18.48% vs ACIO's -14.19%.

Which ETF is better, DUBS or ACIO?

On 3-year performance, DUBS leads with 21.30% vs 15.24% for ACIO. On fees, DUBS is cheaper at 0.39% per year. On volatility, ACIO has been the lower-risk option at 3.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DUBS or ACIO?

Over the 3-year period, DUBS has performed better with a 21.30% return vs 15.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DUBS or ACIO?

DUBS is cheaper with a 0.39% expense ratio, compared with 0.79% for ACIO.

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

DUBS has the higher dividend yield at 1.96%, compared with 0.38% for ACIO.

What is the main difference between DUBS and ACIO?

DUBS is categorized as Large Cap Blend Equities, while ACIO is Diversified Portfolio. They also come from different issuers: Aptus and Aptus Capital Advisors. Their fees differ too: 0.39% for DUBS and 0.79% for ACIO.

Which has better risk-adjusted returns?

DUBS currently has the higher Sharpe Ratio (2.29 vs 1.73), 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.