DUBS vs. DEFR

Last updated Jun 5, 2026

DUBS (Aptus Large Cap Enhanced Yield ETF) and DEFR (Aptus Deferred Income ETF) are both exchange-traded funds - DUBS is a Large Cap Blend Equities fund actively managed by Aptus, while DEFR is a Intermediate Core-Plus Bond fund actively managed by Aptus. Both are actively managed. Over the past year, DUBS returned 32.48% vs 5.19% for DEFR. At a 0.41 correlation, their price movements are largely independent. DUBS charges 0.39%/yr vs 0.79%/yr for DEFR.

Performance

DUBS vs. DEFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus Large Cap Enhanced Yield ETF (DUBS) and Aptus Deferred Income ETF (DEFR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DUBS achieves a 13.00% return, which is significantly higher than DEFR's -0.28% return.

DUBS

• 1D: 0.34%
• 1M: 5.12%
• YTD: 13.00%
• 6M: 13.09%
• 1Y: 32.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DEFR

• 1D: 0.17%
• 1M: 0.13%
• YTD: -0.28%
• 6M: -0.23%
• 1Y: 5.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DUBS vs. DEFR - Yearly Performance Comparison

	2026 (YTD)	2025
DUBS Aptus Large Cap Enhanced Yield ETF	13.00%	19.56%
DEFR Aptus Deferred Income ETF	-0.28%	6.86%

Correlation

The correlation between DUBS and DEFR is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (All Time) Calculated using the full available price history since May 15, 2025	0.41

Return for Risk

DUBS vs. DEFR — Risk / Return Rank

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

DUBS

DUBS Risk / Return Rank: 81
DUBS Sharpe Ratio Rank: 80
DUBS Sortino Ratio Rank: 79
DUBS Omega Ratio Rank: 80
DUBS Calmar Ratio Rank: 78
DUBS Martin Ratio Rank: 88

DEFR

DEFR Risk / Return Rank: 28
DEFR Sharpe Ratio Rank: 29
DEFR Sortino Ratio Rank: 27
DEFR Omega Ratio Rank: 27
DEFR Calmar Ratio Rank: 28
DEFR Martin Ratio Rank: 28

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. DEFR - Risk-Adjusted Trends Comparison

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

	DUBS	DEFR	Difference
Sharpe ratio: Return per unit of total volatility	2.57	1.00	+1.57
Sortino ratio: Return per unit of downside risk	3.47	1.45	+2.02
Omega ratio: Gain probability vs. loss probability	1.47	1.18	+0.29
Calmar ratio: Return relative to maximum drawdown	3.94	1.34	+2.60
Martin ratio: Return relative to average drawdown	18.74	3.74	+15.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DUBS vs. DEFR - Sharpe Ratio Comparison

The current DUBS Sharpe Ratio is 2.57, which is higher than the DEFR Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of DUBS and DEFR, 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

	DUBS	DEFR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.57	1.00	+1.57
Sharpe Ratio (All Time) Calculated using the full available price history	1.53	1.18	+0.35

Drawdowns

DUBS vs. DEFR - Drawdown Comparison

The maximum DUBS drawdown since its inception was -18.48%, which is greater than DEFR's maximum drawdown of -3.90%. Use the drawdown chart below to compare losses from any high point for DUBS and DEFR.

Drawdown Indicators

	DUBS	DEFR	Difference
Max Drawdown Largest peak-to-trough decline	-18.48%	-3.90%	-14.58%
Max Drawdown (1Y) Largest decline over 1 year	-8.29%	-3.90%	-4.39%
Current Drawdown Current decline from peak	-0.19%	-2.58%	+2.39%
Average Drawdown Average peak-to-trough decline	-1.94%	-0.93%	-1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	1.39%	+0.35%

Volatility

DUBS vs. DEFR - Volatility Comparison

Aptus Large Cap Enhanced Yield ETF (DUBS) has a higher volatility of 2.69% compared to Aptus Deferred Income ETF (DEFR) at 1.41%. This indicates that DUBS's price experiences larger fluctuations and is considered to be riskier than DEFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DUBS	DEFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.69%	1.41%	+1.28%
Volatility (6M) Calculated over the trailing 6-month period	9.47%	3.27%	+6.20%
Volatility (1Y) Calculated over the trailing 1-year period	12.72%	5.27%	+7.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.54%	5.29%	+9.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.54%	5.29%	+9.25%

DUBS vs. DEFR - Expense Ratio Comparison

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

Dividends

DUBS vs. DEFR - Dividend Comparison

DUBS's dividend yield for the trailing twelve months is around 1.93%, while DEFR has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
DEFR Aptus Deferred Income ETF	0.00%	0.00%	0.00%	0.00%
DUBS Aptus Large Cap Enhanced Yield ETF	1.93%	2.06%	2.52%	1.14%

Frequently Asked Questions

Can I hold both DUBS and DEFR in my portfolio?

DUBS and DEFR have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DUBS or DEFR?

DUBS has higher volatility (2.69%) compared to DEFR (1.41%). In terms of maximum drawdown, DUBS dropped -18.48% vs DEFR's -3.90%.

Which ETF is better, DUBS or DEFR?

On 1-year performance, DUBS leads with 32.48% vs 5.19% for DEFR. On fees, DUBS is cheaper at 0.39% per year. On volatility, DEFR has been the lower-risk option at 1.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DUBS or DEFR?

Over the 1-year period, DUBS has performed better with a 32.48% return vs 5.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DUBS or DEFR?

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

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

DUBS has the higher dividend yield at 1.93%, compared with 0.00% for DEFR.

What is the main difference between DUBS and DEFR?

DUBS is categorized as Large Cap Blend Equities, while DEFR is Intermediate Core-Plus Bond. Their fees differ too: 0.39% for DUBS and 0.79% for DEFR.

Which has better risk-adjusted returns?

DUBS currently has the higher Sharpe Ratio (2.57 vs 1.00), 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.