Aptus Drawdown Managed Equity ETF
$56.63−0.36 (−0.64%)
- Expense ratio
- 0.79%
- Fund size
- $311M
- 1Y return
- +11.6%
- Yield · Last 12 months
- 0.35%
- Holdings
- 126
- Volume · 30D
- 0M sh
- NAV per share
- $56.96
- 52W range
The ETF.net ADME Grade
Score 69 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 65Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 60Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 76Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 75Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 88Category rank
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
- 126
- 41%
- NVDA
Sectors
- Technology39.2%
- Financials11.4%
- Communication9.9%
- Consumer Discr.9.1%
- Health Care9.1%
- Industrials7.5%
- Cons. Staples4.6%
- Energy3.7%
- Utilities2.1%
- Materials1.8%
- Real Estate1.7%
Geography
- United States97.09%
- Ireland1.44%
- United Kingdom0.86%
- Singapore0.27%
- Switzerland0.26%
- Netherlands0.08%
ADME Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +11.3% |
| 1 month | +1.3% |
| 3 months | +2.5% |
| 1 year | +11.6% |
| 3 years | +17.8% |
| 5 years | +7.8% |
| 10 years | +9.0% |
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 | +11.3% | |
| 2025 | +10.3% | |
| 2024 | +22.1% | |
| 2023 | +15.4% | |
| 2022 | −21.8% | |
| 2021 | +20.2% | |
| 2020 | +18.2% |
ADME in the news
ETF.net Research hasn’t filed on ADME yet — coverage lands here as it’s written.
ADME Dividends
- 0.35%
- $0.20
- $0.05 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 29, 2026 | Jun 30, 2026 | $0.05 |
| Mar 30, 2026 | Mar 31, 2026 | $0.07 |
| Dec 30, 2025 | Dec 31, 2025 | $0.04 |
| Sep 29, 2025 | Sep 30, 2025 | $0.04 |
| Jun 27, 2025 | Jun 30, 2025 | $0.07 |
| Mar 28, 2025 | Mar 31, 2025 | $0.06 |
| Dec 30, 2024 | Dec 31, 2024 | $0.04 |
| Sep 27, 2024 | Sep 30, 2024 | $0.05 |
| Jun 27, 2024 | Jun 28, 2024 | $0.06 |
| Mar 26, 2024 | Mar 28, 2024 | $0.07 |
| Dec 27, 2023 | Dec 29, 2023 | $0.09 |
| Sep 27, 2023 | Sep 29, 2023 | $0.07 |
ADME Risk
- 11.7%
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.
- 0.94
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
- The middle half of Active Option Income funds
- Median 0.95%
15 of the 47 Active Option Income funds charge less.