DUBS vs. NANC

Last updated Apr 2, 2026

Compare and contrast key facts about Aptus Large Cap Enhanced Yield ETF (DUBS) and Subversive Unusual Whales Democratic ETF (NANC).

DUBS and NANC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DUBS is an actively managed fund by Aptus. It was launched on Jun 13, 2023. NANC is an actively managed fund by Subversive. It was launched on Feb 7, 2023.

Performance

DUBS vs. NANC - Performance Comparison

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

DUBS vs. NANC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DUBS Aptus Large Cap Enhanced Yield ETF	-2.86%	19.28%	24.08%	8.10%
NANC Subversive Unusual Whales Democratic ETF	-6.68%	18.54%	26.83%	12.16%

Returns By Period

In the year-to-date period, DUBS achieves a -2.86% return, which is significantly higher than NANC's -6.68% return.

DUBS

• 1D: 0.92%
• 1M: -3.67%
• YTD: -2.86%
• 6M: 0.27%
• 1Y: 20.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NANC

• 1D: 0.92%
• 1M: -4.89%
• YTD: -6.68%
• 6M: -5.10%
• 1Y: 18.06%
• 3Y*: 19.63%
• 5Y*: —
• 10Y*: —

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

DUBS vs. NANC - Expense Ratio Comparison

DUBS has a 0.39% expense ratio, which is lower than NANC's 0.75% expense ratio.

NANC

Subversive Unusual Whales Democratic ETF

DUBS

Aptus Large Cap Enhanced Yield ETF

Return for Risk

DUBS vs. NANC — Risk / Return Rank

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

DUBS

DUBS Risk / Return Rank: 62
DUBS Sharpe Ratio Rank: 58
DUBS Sortino Ratio Rank: 60
DUBS Omega Ratio Rank: 63
DUBS Calmar Ratio Rank: 59
DUBS Martin Ratio Rank: 71

NANC

NANC Risk / Return Rank: 55
NANC Sharpe Ratio Rank: 51
NANC Sortino Ratio Rank: 54
NANC Omega Ratio Rank: 54
NANC Calmar Ratio Rank: 57
NANC Martin Ratio Rank: 57

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. NANC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus Large Cap Enhanced Yield ETF (DUBS) and Subversive Unusual Whales Democratic ETF (NANC). 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	NANC	Difference
Sharpe ratio Return per unit of total volatility	1.10	0.96	+0.14
Sortino ratio Return per unit of downside risk	1.63	1.46	+0.17
Omega ratio Gain probability vs. loss probability	1.25	1.21	+0.04
Calmar ratio Return relative to maximum drawdown	1.70	1.52	+0.17
Martin ratio Return relative to average drawdown	8.34	5.83	+2.51
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. NANC - Sharpe Ratio Comparison

The current DUBS Sharpe Ratio is 1.10, which is comparable to the NANC Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of DUBS and NANC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DUBS	NANC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.10	0.96	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	1.17	1.09	+0.08

Correlation

The correlation between DUBS and NANC is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

DUBS vs. NANC - Dividend Comparison

DUBS's dividend yield for the trailing twelve months is around 2.24%, more than NANC's 0.22% yield.

	TTM	2025	2024	2023
DUBS Aptus Large Cap Enhanced Yield ETF	2.24%	2.06%	2.52%	1.14%
NANC Subversive Unusual Whales Democratic ETF	0.22%	0.21%	0.20%	0.94%

Drawdowns

DUBS vs. NANC - Drawdown Comparison

The maximum DUBS drawdown since its inception was -18.48%, smaller than the maximum NANC drawdown of -20.94%. Use the drawdown chart below to compare losses from any high point for DUBS and NANC.

Drawdown Indicators

	DUBS	NANC	Difference
Max Drawdown Largest peak-to-trough decline	-18.48%	-20.94%	+2.46%
Max Drawdown (1Y) Largest decline over 1 year	-12.13%	-12.21%	+0.08%
Current Drawdown Current decline from peak	-4.63%	-8.65%	+4.02%
Average Drawdown Average peak-to-trough decline	-2.03%	-2.74%	+0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.47%	3.19%	-0.72%

Volatility

DUBS vs. NANC - Volatility Comparison

Aptus Large Cap Enhanced Yield ETF (DUBS) and Subversive Unusual Whales Democratic ETF (NANC) have volatilities of 5.95% and 5.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DUBS	NANC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.95%	5.91%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	10.42%	10.72%	-0.30%
Volatility (1Y) Calculated over the trailing 1-year period	18.44%	18.98%	-0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.71%	16.86%	-2.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.71%	16.86%	-2.15%