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Launched · SEC filings

Aptus Drawdown Managed Equity ETF

ADMECboeAptusB

$55.02−0.38 (−0.69%)

As of Nov 10, 2026, 11:25 AM ET

B68/ 100

Rank 11 of 51 in Active Option Income

B68/100Rank 11 of 51inActive Option Income
Intraday session: down, 24 prints from 55.40 to 55.02. Range 54.93 to 55.34. Use the arrow keys to read each point.55.1055.2055.3010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$299M
1Y total return
+9.2%
Yield · Last 12 months
0.37%
Holdings
171
Avg volume · 30D
11.8K sh
52W range
low $48.24high $57.42
Launched
Filings
SEC EDGAR

The ETF.net ADME Grade

Based on 5 of 6 pillars

B

Score 68 out of 100

Category
Active Option Income⁠
Rank
11 of 51
Six-pillar profile for ADME. Scores out of 100: Cost 65, Risk 60, Mission not scored, Tradability 74, Holdings 74, Durability 91. Strongest: Durability (91). Weakest: Risk (60). Based on 5 of 6 pillars.

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 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.
    B60 out of 100
    Rank 18 of 49

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A74 out of 100
    Rank 7 of 51

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A74 out of 100
    Rank 11 of 43

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A91 out of 100
    Rank 3 of 51

Our read on ADME

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Jun 8, 2016

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

ADME$10,916
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. ADME $10,916. SPY $11,339. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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 ADME. Periods over one year show the average yearly return.
PeriodADME
Year to date+8.3%
1 month−3.0%
3 months−2.8%
1 year+9.2%
3 yearsper year+16.5%
5 yearsper year+6.0%
10 yearsper year+9.1%

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 ADME
YearReturn barADME
2026 YTD+8.3%
2025+10.3%
2024+22.1%
2023+15.4%
2022−21.8%
2021+20.2%
2020+18.2%

ADME in the news

ADME 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 Nov 9, 2026.
0.37%Last 12 months
Payout per share
$0.20Last 12 months
Last payment
$0.04 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 30 payments from 2017 to 2026 YTD. Dec 28, 2017 $0.10; Dec 28, 2018 $0.24; Dec 24, 2019 $0.21; Mar 17, 2020 $0.05; Jun 16, 2020 $0.04; Sep 15, 2020 $0.04; Dec 29, 2020 $0.02; Mar 16, 2021 $0.03; Jun 15, 2021 $0.02; Sep 14, 2021 $0.03; Dec 29, 2021 $0.03; Mar 15, 2022 $0.02; Jun 14, 2022 $0.06; Sep 13, 2022 $0.07; Dec 28, 2022 $0.09; Mar 29, 2023 $0.06; Jun 28, 2023 $0.08; Sep 27, 2023 $0.07; Dec 27, 2023 $0.09; Mar 26, 2024 $0.07; Jun 27, 2024 $0.06; Sep 27, 2024 $0.05; Dec 30, 2024 $0.04; Mar 28, 2025 $0.06; Jun 27, 2025 $0.07; Sep 29, 2025 $0.04; Dec 30, 2025 $0.04; Mar 30, 2026 $0.07; Jun 29, 2026 $0.05; Sep 29, 2026 $0.04. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 29, 2026Sep 30, 2026$0.04
Jun 29, 2026Jun 30, 2026$0.05
Mar 30, 2026Mar 31, 2026$0.07
Dec 30, 2025Dec 31, 2025$0.04
Sep 29, 2025Sep 30, 2025$0.04
Jun 27, 2025Jun 30, 2025$0.07
Mar 28, 2025Mar 31, 2025$0.06
Dec 30, 2024Dec 31, 2024$0.04
Sep 27, 2024Sep 30, 2024$0.05
Jun 27, 2024Jun 28, 2024$0.06
Mar 26, 2024Mar 28, 2024$0.07
Dec 27, 2023Dec 29, 2023$0.09

See all 31 payments⁠

$10,000 in ADME 10 years ago paid $852 in dividends.⁠

ADME Risk

Risk pillarB60 out of 100Rank 18 of 49 in Active Option Income
How much the fund’s monthly returns vary, scaled to a year.
11.2%
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.
1.14
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.
−23.4%
Trough Oct 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.
0.88
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.

ADME Cost

Compare ADME 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.

  • ADME 0.79%

    $15,174

  • RECI 0.30% Cheapest

    $6,149

$10,000
30 years

Cost over time

  • ADME 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$20K051015202530ADME $15,174RECI $6,149

Year by year

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

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