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Launched · SEC filings

Aptus Collared Income Opportunity ETF

ACIOCboeAptusA

$46.12−0.18 (−0.39%)

As of Nov 2, 2026, 3:59 PM ET

A74/ 100

Rank 6 of 51 in Active Option Income

A74/100Rank 6 of 51inActive Option Income
Intraday session: down, 79 prints from 46.30 to 46.12. Range 46.12 to 46.66. Use the arrow keys to read each point.46.2046.4046.5046.6010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$2.34B
1Y total return
+5.6%
Yield · Last 12 months
0.39%
Holdings
172
Avg volume · 30D
136K sh
52W range
low $41.13high $47.93
Launched
Filings
SEC EDGAR

The ETF.net ACIO Grade

Based on 5 of 6 pillars

A

Score 74 out of 100

Category
Active Option Income⁠
Rank
6 of 51
Six-pillar profile for ACIO. Scores out of 100: Cost 65, Risk 69, Mission not scored, Tradability 91, Holdings 78, Durability 94. Strongest: Durability (94). Weakest: Cost (65). Based on 5 of 6 pillars.

Score 74 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B65 out of 100
    Rank 17 of 51

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B69 out of 100
    Rank 11 of 48

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A91 out of 100
    Rank 2 of 51

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A78 out of 100
    Rank 10 of 43

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A94 out of 100
    Rank 2 of 51

Our read on ACIO

ETF.net Research

In short

AMost option-income funds sell calls and hand you the premium. ACIO's collar spends part of it on downside puts, so one overlay funds both the income and the hedge. Roughly 70 US stocks, actively managed, paid quarterly.

Stated mandate

Its stated mandate combines current income generation with capital appreciation.

Why people hold it

  • The collar is the point: call premium helps pay for the puts instead of all flowing out as cash, so the income and the hedge come from the same overlay.
  • 0.79% a year, below the median fee for actively overlaid option-income funds.
  • A concentrated book of roughly 70 US stocks rather than an index copy, inside a multi-billion-dollar fund that has been running since 2019.
  • Sits among the stronger implementations in its peer group of actively overlaid option-income ETFs.

Worth knowing

  • The fee is the price of the active work. Peers charge less for their own takes on equity option income, including PAPI at 0.29% and TCAL at 0.34%.
  • Actively managed, so results ride on the manager's stock and option choices rather than a published rule set you can read in advance.
  • Income lands quarterly, so cash shows up four times a year.

ACIO Performance

Launched Jul 9, 2019

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
ACIO$10,557
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. ACIO $10,557. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for ACIO. Periods over one year show the average yearly return.
PeriodACIO
Year to date+6.3%
1 month−1.3%
3 months+0.9%
1 year+5.6%
3 yearsper year+15.9%
5 yearsper year+8.6%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ACIO
YearReturn barACIO
2026 YTD+6.3%
2025+9.0%
2024+21.9%
2023+15.9%

ACIO in the news

ACIO Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.39%Last 12 months
Payout per share
$0.18Last 12 months
Last payment
$0.03 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2019–2026

One bar per payment. 29 payments from 2019 to 2026 YTD. Sep 17, 2019 $0.14; Dec 30, 2019 $0.20; Mar 17, 2020 $0.10; Jun 16, 2020 $0.05; Sep 15, 2020 $0.07; Dec 29, 2020 $0.07; Mar 16, 2021 $0.07; Jun 15, 2021 $0.03; Sep 14, 2021 $0.06; Dec 29, 2021 $0.05; Mar 15, 2022 $0.05; Jun 14, 2022 $0.05; Sep 13, 2022 $0.07; Dec 6, 2022 $0.19; Mar 29, 2023 $0.05; Jun 28, 2023 $0.06; Sep 27, 2023 $0.05; Dec 27, 2023 $0.07; Mar 26, 2024 $0.05; Jun 27, 2024 $0.05; Sep 27, 2024 $0.04; Dec 30, 2024 $0.03; Mar 28, 2025 $0.05; Jun 27, 2025 $0.05; Sep 29, 2025 $0.03; Dec 30, 2025 $0.03; Mar 30, 2026 $0.06; Jun 29, 2026 $0.05; Sep 29, 2026 $0.03. Use the arrow keys to read each point.20192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 29, 2026Sep 30, 2026$0.03
Jun 29, 2026Jun 30, 2026$0.05
Mar 30, 2026Mar 31, 2026$0.06
Dec 30, 2025Dec 31, 2025$0.03
Sep 29, 2025Sep 30, 2025$0.03
Jun 27, 2025Jun 30, 2025$0.05
Mar 28, 2025Mar 31, 2025$0.05
Dec 30, 2024Dec 31, 2024$0.03
Sep 27, 2024Sep 30, 2024$0.04
Jun 27, 2024Jun 28, 2024$0.05
Mar 26, 2024Mar 28, 2024$0.05
Dec 27, 2023Dec 29, 2023$0.07

See all 31 payments⁠

$10,000 in ACIO 5 years ago paid $355 in dividends.⁠

ACIO Risk

Risk pillarB69 out of 100Rank 11 of 48 in Active Option Income
How much the fund’s monthly returns vary, scaled to a year.
9.5%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.15
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−14.0%
Trough Jun 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.74
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

ACIO Cost

Compare ACIO and RECI

Overpaying vs RECI, cheapest in Active Option Income

$9,025

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ACIO 0.79%

    $15,174

  • RECI 0.30% Cheapest

    $6,149

$10,000
30 years

Cost over time

  • ACIO 0.79%
  • RECI 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530ACIO $15,174RECI $6,149

Year by year

YearACIORECIOverpaying
10$1,405$545$860
20$5,331$2,113$3,218
30$15,174$6,149$9,025

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