Skip to content
etf.net

DUBS

GradeAChicago Board Options Exchange

Aptus Large Cap Enhanced Yield ETF

Option Income · Aptus · Inception 2023-06-12

$43.35−0.27 (−0.62%)

As of Sep 23, 2026, 1:58 PM EDT

History starts Jun 13, 2023.
Intraday session: down, 21 prints from 43.62 to 43.35. Range 43.20 to 43.62. Use the arrow keys to read each point.$43.20$43.50$43.6010 AM12 PM2 PM4 PM
Expense ratio
0.41%
Fund size
$426M
1Y return
+21.3%
Yield · Last 12 months
1.91%
Holdings
7
Volume · 30D
0M sh
NAV per share
$43.58
52W range
low $34.84high $44.88

The ETF.net DUBS Grade

A

71/ 100

Rank 6 of 16 in S&P 500 Active Option Income⁠

Confidence High

Six-pillar profile for DUBS. Scores out of 100: Cost 73, Risk 45, Mission 100, Tradability 72, Holdings 41, Durability 65. Strongest: Mission (100). Weakest: Holdings (41). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 71 of 100 sits in the A 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.
    AScore 73
    Category rank5/16 · top 31%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank1/8 · top 13%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 45
    Category rank8/12 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 72
    Category rank4/16 · top 25%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 41
    Category rank11/15 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 65
    Category rank5/16 · top 31%

Graded as of Sep 22, 2026

Our read on DUBS

ETF.net Research

AMost options-income funds sell calls against the stocks they own. DUBS holds roughly 400 U.S. large caps and pushes the income job onto equity-linked notes instead, then pays out quarterly.

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

  1. 01Charges 0.41%, less than half the typical fee in its options-income peer group.
  2. 02Income is generated by equity-linked notes rather than by writing calls on its own shares, a different plumbing choice from the standard covered-call playbook.
  3. 03The portfolio it actually holds lines up closely with the hybrid strategy on the label, one of the tighter fits in its cohort.
  4. 04Owns roughly 400 U.S.-listed large caps outright, so the equity sleeve is a broad basket rather than a handful of names.

Worth knowing

  1. 01Equity-linked notes come with the credit of the banks that issue them, a counterparty layer a plain stock-and-calls fund does not carry.
  2. 02It trades lighter than the category's biggest names, which can mean wider bid-ask spreads.
  3. 03Launched in 2023, so its record covers a short stretch of market weather. Distributions land quarterly, not monthly.

DUBS Holdings

As of Sep 21, 2026, 4:13 AM
Asset class
Stocks
Holdings
7
Top-10 weight
102%
Largest holding
SPYM75.8%

Sectors

Geography

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001SPYMState Street SPDR Portfolio S&P 500 ETF75.76%3,398,441$305M25
002BKLCBNY Mellon US Large Cap Core Equity ETF25.71%2,116,714$103M7
003912797VQ7United States Treasury Bill 07/08/20270.10%400,000$387K58

Showing 1–3 of 3 holdings

DUBS Performance

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

DUBS$12,125
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. DUBS $12,125. SPY $11,723. Use the arrow keys to read each point.$9,324$10,828$12,333Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

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.

Trailing total return for DUBS. Periods over one year show the average yearly return.
PeriodDUBS
Year to date+17.1%
1 month+1.6%
3 months+5.3%
1 year+21.3%
3 years+23.4%per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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+17.1%
2025+19.3%
2024+24.1%
2023+8.1%

History from Jun 13, 2023

DUBS in the news

ETF.net Research hasn’t filed on DUBS yet — coverage lands here as it’s written.

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 Sep 22, 2026.
1.91%Last 12 months
Payout per share
$0.83Last 12 months
Last payment
$0.23 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. 12 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. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
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
Sep 27, 2023Sep 29, 2023$0.08

DUBS Risk

How much the fund’s monthly returns vary, scaled to a year.
12.2%
Annualised · 36 months to Aug 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.
1.29
vs 3-month T-bills · to Aug 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%
39 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.

DUBS Cost

Expense ratio0.41%
  • The middle half of S&P 500 Active Option Income funds
  • Median 0.55%

4 of the 15 S&P 500 Active Option Income funds charge less.

DUBS costs $41.00 a year on $10,000. The median S&P 500 Active Option Income fund costs $55.00.