NANC vs. DUBS

Last updated Jun 4, 2026

NANC (Unusual Whales Subversive Democratic Trading ETF) and DUBS (Aptus Large Cap Enhanced Yield ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past year, NANC returned 26.05% vs 32.03% for DUBS. Their correlation of 0.94 suggests significant overlap in exposure. NANC charges 0.72%/yr vs 0.39%/yr for DUBS.

Performance

NANC vs. DUBS - Performance Comparison

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

Returns By Period

In the year-to-date period, NANC achieves a 9.48% return, which is significantly lower than DUBS's 12.61% return.

NANC

• 1D: -1.03%
• 1M: 6.13%
• YTD: 9.48%
• 6M: 9.13%
• 1Y: 26.05%
• 3Y*: 23.55%
• 5Y*: —
• 10Y*: —

DUBS

• 1D: -0.53%
• 1M: 5.44%
• YTD: 12.61%
• 6M: 12.79%
• 1Y: 32.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NANC vs. DUBS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NANC Unusual Whales Subversive Democratic Trading ETF	9.48%	18.54%	26.83%	12.16%
DUBS Aptus Large Cap Enhanced Yield ETF	12.61%	19.28%	24.08%	8.10%

Correlation

The correlation between NANC and DUBS is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jun 15, 2023	0.94

The correlation between NANC and DUBS has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.

NANC vs. DUBS - Sectors Allocation Comparison

Sectors	NANC	DUBS
Technology	41.5%	36.2%
Communication Services	15.1%	11.0%
Healthcare	10.5%	8.4%
Consumer Cyclical	9.2%	10.1%
Financial Services	7.7%	11.8%
Consumer Defensive	7.6%	4.8%
Industrials	5.5%	8.2%
Basic Materials	2.2%	1.8%
Utilities	0.6%	2.3%
Energy	-	3.5%
Real Estate	-	1.9%

Return for Risk

NANC vs. DUBS — Risk / Return Rank

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

NANC

NANC Risk / Return Rank: 51
NANC Sharpe Ratio Rank: 55
NANC Sortino Ratio Rank: 54
NANC Omega Ratio Rank: 54
NANC Calmar Ratio Rank: 42
NANC Martin Ratio Rank: 52

DUBS

DUBS Risk / Return Rank: 79
DUBS Sharpe Ratio Rank: 78
DUBS Sortino Ratio Rank: 76
DUBS Omega Ratio Rank: 78
DUBS Calmar Ratio Rank: 77
DUBS Martin Ratio Rank: 87

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.

NANC vs. DUBS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Unusual Whales Subversive Democratic Trading ETF (NANC) and Aptus Large Cap Enhanced Yield ETF (DUBS). 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.

	NANC	DUBS	Difference
Sharpe ratio: Return per unit of total volatility	1.93	2.53	-0.60
Sortino ratio: Return per unit of downside risk	2.67	3.43	-0.75
Omega ratio: Gain probability vs. loss probability	1.34	1.47	-0.13
Calmar ratio: Return relative to maximum drawdown	2.14	3.88	-1.74
Martin ratio: Return relative to average drawdown	8.86	18.48	-9.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NANC vs. DUBS - Sharpe Ratio Comparison

The current NANC Sharpe Ratio is 1.93, which is comparable to the DUBS Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of NANC and DUBS, 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

	NANC	DUBS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.93	2.53	-0.60
Sharpe Ratio (All Time) Calculated using the full available price history	1.38	1.52	-0.13

Drawdowns

NANC vs. DUBS - Drawdown Comparison

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

Drawdown Indicators

	NANC	DUBS	Difference
Max Drawdown Largest peak-to-trough decline	-20.94%	-18.48%	-2.46%
Max Drawdown (1Y) Largest decline over 1 year	-12.21%	-8.29%	-3.92%
Max Drawdown (3Y) Largest decline over 3 years	-20.94%	—	—
Current Drawdown Current decline from peak	-1.34%	-0.53%	-0.81%
Average Drawdown Average peak-to-trough decline	-2.67%	-1.94%	-0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	1.74%	+1.21%

Volatility

NANC vs. DUBS - Volatility Comparison

Unusual Whales Subversive Democratic Trading ETF (NANC) has a higher volatility of 3.65% compared to Aptus Large Cap Enhanced Yield ETF (DUBS) at 2.72%. This indicates that NANC's price experiences larger fluctuations and is considered to be riskier than DUBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NANC	DUBS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	2.72%	+0.93%
Volatility (6M) Calculated over the trailing 6-month period	10.38%	9.46%	+0.92%
Volatility (1Y) Calculated over the trailing 1-year period	13.60%	12.73%	+0.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.73%	14.55%	+2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.73%	14.55%	+2.18%

NANC vs. DUBS - Expense Ratio Comparison

NANC has a 0.72% expense ratio, which is higher than DUBS's 0.39% expense ratio.

Dividends

NANC vs. DUBS - Dividend Comparison

NANC's dividend yield for the trailing twelve months is around 0.19%, less than DUBS's 1.94% yield.

Position	TTM	2025	2024	2023
DUBS Aptus Large Cap Enhanced Yield ETF	1.94%	2.06%	2.52%	1.14%
NANC Unusual Whales Subversive Democratic Trading ETF	0.19%	0.21%	0.20%	0.94%

Frequently Asked Questions

Can I hold both NANC and DUBS in my portfolio?

With a correlation of 0.94, NANC and DUBS 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, NANC or DUBS?

NANC has higher volatility (3.65%) compared to DUBS (2.72%). In terms of maximum drawdown, NANC dropped -20.94% vs DUBS's -18.48%.

Which ETF is better, NANC or DUBS?

On 1-year performance, DUBS leads with 32.03% vs 26.05% for NANC. On fees, DUBS is cheaper at 0.39% per year. On volatility, DUBS has been the lower-risk option at 2.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NANC or DUBS?

Over the 1-year period, DUBS has performed better with a 32.03% return vs 26.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NANC or DUBS?

DUBS is cheaper with a 0.39% expense ratio, compared with 0.72% for NANC.

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

DUBS has the higher dividend yield at 1.94%, compared with 0.19% for NANC.

What is the main difference between NANC and DUBS?

They also come from different issuers: Subversive and Aptus. Their fees differ too: 0.72% for NANC and 0.39% for DUBS.

Which has better risk-adjusted returns?

DUBS currently has the higher Sharpe Ratio (2.53 vs 1.93), 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.