Aptus Drawdown Managed Equity ETF
$57.13−0.04 (−0.07%)
- 0.79%
- $314M
- +14.0%
- 0.35%
- 0M sh
- $57.11
- low $48.24high $57.42
The ETF.net ADME Grade
B
Score 68 out of 100
- 10 of 51
Score 68 of 100 falls in the B 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 100Rank 17 of 51Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B60 out of 100Rank 19 of 46Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A72 out of 100Rank 8 of 51Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A75 out of 100Rank 10 of 42Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A90 out of 100Rank 3 of 51
Our read on ADME
BMost option-overlay funds sell upside to manufacture income. ADME runs the other playbook: a US stock portfolio paired with exchange-listed puts, aiming for growth with the drawdowns clipped. It has been doing it since 2016.
The Fund seeks capital appreciation while limiting downside risk. It is actively managed and uses equity investments together with exchange-listed put options or related option strategies.
Why people hold it
- A hedge-first mandate in an income-first crowd: it seeks capital appreciation while limiting downside risk, using stocks alongside exchange-listed put strategies.
- 0.79% a year undercuts the typical fund in its active-overlay peer group, where the median runs 0.95%.
- Live since 2016, so the strategy predates the options-income boom and has traded through real market stress rather than a backtest.
- Actively managed, roughly 90 US stocks. A focused core you can actually read, not a 500-name index in disguise.
Worth knowing
- Thinly traded. Spreads can widen when volume is light, which matters more for large orders than small ones.
- Cheaper overlay options exist: PAPI charges 0.29% and DIVO 0.56%. You are paying up for the hedge, not for yield harvesting.
- Distributions land quarterly, and the stated goal is capital appreciation with less downside, not maximum income.
ADME Holdings
- Stocks
- 170
- 41%
- NVDA
Sectors
- Technology40.5%
- Financials11.4%
- Communication9.8%
- Health Care9.1%
- Consumer Discretionary8.9%
- Industrials7.5%
- Consumer Staples4.3%
- Energy3.4%
- Utilities1.9%
- Real Estate1.6%
- Materials1.6%
Geography
- United States97.55%
- Ireland1.25%
- United Kingdom0.87%
- Switzerland0.24%
- Netherlands0.09%
ADME Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
ADME$11,399
Returns run to the Oct 12, 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.
| Period | ADME |
|---|---|
| Year to date | +11.8% |
| 1 month | +1.8% |
| 3 months | +2.1% |
| 1 year | +14.0% |
| 3 years | +17.8% |
| 5 years | +8.1% |
| 10 years | +9.4% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | ADME |
|---|---|---|
| 2026 YTD | +11.8% | |
| 2025 | +10.3% | |
| 2024 | +22.1% | |
| 2023 | +15.4% | |
| 2022 | −21.8% | |
| 2021 | +20.2% | |
| 2020 | +18.2% |
ADME in the news
Category Review
The payout and the result came apart in option-income funds
ADME Dividends
- 0.35%
- $0.20
- $0.04 per share
- Quarterly
Distribution history
ADME Risk
- 11.2%
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.
- 1.12
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.
- −23.4%
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.
- 0.90
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ADME Cost
0.79%
ADME0.79%
- The middle half of Active Option Income funds
- Median 0.95%
16 of the 51 Active Option Income funds charge less.
Other funds in Active Option Income
- AIINCAlki Consolidated Income ETFExpense ratio 0.75%1 year return —
- BSCEPSterling Capital Hedged Equity Premium Income ETFExpense ratio 0.65%1 year return —
- BCTEFEA Series Trust - Castellan Targeted Equity ETFExpense ratio 0.45%1 year return +42.2%
- BPAYRFederated Hermes ETF Trust - Federated Hermes Enhanced Income ETFExpense ratio 0.74%1 year return +16.8%
- BCTIFEA Series Trust - Castellan Targeted Income ETFExpense ratio 0.45%1 year return +10.0%