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ACIO vs AMAX

Aptus Collared Investment Opportunity ETF vs Adaptive Hedged Multi-Asset Income ETF

ACIO

Aptus Collared Investment Opportunity ETF

APTUS ETFs

Annual cost

0.79%

Fund size

$2.3B

AMAX

Adaptive Hedged Multi-Asset Income ETF

Adaptive ETF

Annual cost

1.36%

Fund size

$60M

Key differences

  • ACIO costs 0.57% less per year.
  • ACIO is significantly larger than AMAX — larger funds tend to be more liquid and less likely to close.
  • ACIO is classified as equity, while AMAX is alternative — different risk/return profiles.
  • ACIO follows a active selection strategy; AMAX uses option income.
  • Over the last 3 years, ACIO has delivered higher annualized returns.
  • AMAX has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

ACIOAMAX
Annual cost (TER)0.79%1.36%
Fund size (AUM)$2.3B$60M
Since20192009
Dividend yield0.39%10.63%
Asset classequityalternative
Regionnorth america
Strategyactive selectionoption income
CAGR 1Y+17.0%+11.8%
CAGR 3Y+16.1%+9.4%
CAGR 5Y+10.4%N/A
Sharpe 3Y1.200.59
Volatility 1Y8.40%9.98%
Max drawdown-14.19%-16.25%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to ACIO and AMAX