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Launched

Aptus Large Cap Enhanced Yield ETF

DUBSCboeAptusA

$42.06−0.14 (−0.32%)

As of Nov 10, 2026, 11:15 AM ET

A71/ 100

Rank 7 of 16 in S&P 500 Active Option Income

A71/100Rank 7 of 16inS&P 500 Active Option Income
Intraday session: down, 22 prints from 42.20 to 42.06. Range 41.85 to 42.10. Use the arrow keys to read each point.41.9042.0010 AM12 PM2 PM4 PM
Expense ratio
0.40%
Fund size
$440M
1Y total return
+16.8%
Yield · Last 12 months
2.07%
Holdings
3
Avg volume · 30D
33.9K sh
52W range
low $34.84high $44.88
Launched

The ETF.net DUBS Grade

A

Score 71 out of 100

Category
S&P 500 Active Option Income⁠
Rank
7 of 16
Six-pillar profile for DUBS. Scores out of 100: Cost 73, Risk 48, Mission 100, Tradability 67, Holdings 40, Durability 67. Strongest: Mission (100). Weakest: Holdings (40). Leans toward Mission.

Score 71 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.
    A73 out of 100
    Rank 5 of 16

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 8

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C48 out of 100
    Rank 9 of 15

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B67 out of 100
    Rank 4 of 16

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C40 out of 100
    Rank 11 of 15

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B67 out of 100
    Rank 4 of 16

Our read on DUBS

ETF.net Research

In short

ASame name, new engine: DUBS traded the equity-linked notes it launched with in 2023 for large-cap equity held through other ETFs, plus a total return swap sleeve. 0.40%, no fee waiver involved.

Stated mandate

The fund seeks capital appreciation and current income. It actively manages a hybrid strategy that primarily owns U.S.-listed large-cap equities and uses equity-linked notes to generate income.

Why people hold it

  • Fee is 0.40%, with no waiver propping it up, and below this options-income group's median. It undercuts DIVO at 0.56% and HELO at 0.50%.
  • The core is plain large-cap beta: filings call for at least 80% of net assets in large-cap equity, held mainly through other large-cap ETFs chosen on exposure, cost and size.sec.gov
  • Does what the label says: US large-cap exposure in the S&P 500 cap range, with the derivative sleeve bolted on rather than running the show. Distributions land quarterly.sec.gov

Worth knowing

  • The engine changed mid-life: the note sleeve it launched with in 2023 gave way to total return swaps, so older numbers on screens came from a different strategy.sec.gov
  • That swap sleeve leans on counterparties honoring their contracts and on how the systematic strategy inside them behaves.sec.gov
  • Thinly traded for this category, so spreads can run wider and larger orders are worth pricing with limits.

DUBS Performance

Launched Jun 13, 2023

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.Not enough history yet.
DUBS$11,680
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. DUBS $11,680. SPY $11,339. Use the arrow keys to read each point.$10,000$11,000$12,000Nov 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 DUBS. Periods over one year show the average yearly return.
PeriodDUBS
Year to date+13.9%
1 month−3.5%
3 months−1.9%
1 year+16.8%
3 yearsper year+21.9%
5 yearsFund is under 5 years oldper yearNo data
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 DUBS
YearReturn barDUBS
2026 YTD+13.9%
2025+19.3%
2024+24.1%
2023+8.1%

Since listing, Jun 13, 2023

DUBS in the news

DUBS 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.
2.07%Last 12 months
Payout per share
$0.87Last 12 months
Last payment
$0.24 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2023–2026

One bar per payment. 13 payments from 2023 to 2026 YTD. Sep 27, 2023 $0.08; Dec 27, 2023 $0.23; Mar 26, 2024 $0.15; Jun 27, 2024 $0.20; Sep 27, 2024 $0.21; Dec 30, 2024 $0.25; Mar 28, 2025 $0.16; Jun 27, 2025 $0.21; Sep 29, 2025 $0.20; Dec 30, 2025 $0.21; Mar 30, 2026 $0.20; Jun 29, 2026 $0.23; Sep 29, 2026 $0.24. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Sep 29, 2026Sep 30, 2026$0.24
Jun 29, 2026Jun 30, 2026$0.23
Mar 30, 2026Mar 31, 2026$0.20
Dec 30, 2025Dec 31, 2025$0.21
Sep 29, 2025Sep 30, 2025$0.20
Jun 27, 2025Jun 30, 2025$0.21
Mar 28, 2025Mar 31, 2025$0.16
Dec 30, 2024Dec 31, 2024$0.25
Sep 27, 2024Sep 30, 2024$0.21
Jun 27, 2024Jun 28, 2024$0.20
Mar 26, 2024Mar 28, 2024$0.15
Dec 27, 2023Dec 29, 2023$0.23

See all 13 payments⁠

$10,000 in DUBS 3 years ago paid $975 in dividends.⁠

DUBS Risk

Risk pillarC48 out of 100Rank 9 of 15 in S&P 500 Active Option Income
How much the fund’s monthly returns vary, scaled to a year.
11.6%
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.
1.51
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.
−18.5%
40 months · trough Apr 2025
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.
0.95
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.

DUBS Cost

Compare DUBS and SPIN

Overpaying vs SPIN, cheapest in S&P 500 Active Option Income

$2,931

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

  • DUBS 0.40%

    $8,090

  • SPIN 0.25% Cheapest

    $5,159

$10,000
30 years

Cost over time

  • DUBS 0.40%
  • SPIN 0.25%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530DUBS $8,090SPIN $5,159

Year by year

YearDUBSSPINOverpaying
10$723$455$268
20$2,793$1,769$1,024
30$8,090$5,159$2,931

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