ACIO vs RECI: Grades, Fees and Holdings Compared

Aptus Collared Income Opportunity ETF

ACIOACboe

Columbia Research Enhanced Core Premium Income ET

RECIANYSE Arca

Overlap

33.0%by weight

Expense ratio

RECI −0.49pt a year

ACIO0.79%RECI0.30%

Avg volume · 30D

ACIO 4.9×the volume

ACIO136KRECI28K

ACIO vs RECI Performance

Jul 31, 2026 – Oct 30, 2026

+0.9%ACIO+3.2%RECI

Expense ratio: ACIO 0.79%; RECI 0.30%, better
Fund size: ACIO $2.34B; RECI $10M
1Y total return: ACIO +5.6%; RECI No data
Yield (12M): ACIO 0.39%; RECI No data
Holdings: ACIO 172; RECI 356
Avg volume (30D): ACIO 136K sh, better; RECI 28K sh
NAV per share: ACIO $46.32; RECI $20.49
52W range

ETF.net Grade

Pillar letters and Scores for ACIO, RECI, with each pillar’s weight
Pillar	ACIO	RECI
Cost30% weight	B65	A100Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	B69	A87Higher
Tradability15% weight	A91Higher	A73
Holdings10% weight	A78Higher	B61
Durability5% weight	A94Higher	C45

Rank among Active Option Income funds

How we build Categories ›

Same Category. ACIO and RECI are both graded against the same 50 Active Option Income funds, so their Grades compare head to head.

Active Option Income⁠

Category · 50 funds

See all 50 ›

RECI ranks 1st and ACIO 6th of 50 funds in the Active Option Income Category.

Rank 1ARECIColumbia Research Enhanced Core Premium Income ETScore 83
Rank 2ATCALT. Rowe Price Capital Appreciation Premium Income ETFScore 80
Rank 4ARDVIFT Vest Rising Dividend Achievers Target Income ETFScore 76
Rank 6AACIOAptus Collared Income Opportunity ETFScore 74
Rank 6AIINCAlki Consolidated Income ETFScore 74

Our read on each fund

ETF.net Research

ACIOAAptus Collared Income Opportunity ETF

RECIAColumbia Research Enhanced Core Premium Income ET

In short

ACIO Most option-income funds sell calls and hand you the premium. ACIO's collar spends part of it on downside puts, so one overlay funds both the income and the hedge. Roughly 70 US stocks, actively managed, paid quarterly.

RECI No data

Stated mandate

ACIO Its stated mandate combines current income generation with capital appreciation.

RECI No data

Why people hold it

ACIO The collar is the point: call premium helps pay for the puts instead of all flowing out as cash, so the income and the hedge come from the same overlay.
0.79% a year, below the median fee for actively overlaid option-income funds.
A concentrated book of roughly 70 US stocks rather than an index copy, inside a multi-billion-dollar fund that has been running since 2019.
Sits among the stronger implementations in its peer group of actively overlaid option-income ETFs.

RECI No data

Worth knowing

ACIO The fee is the price of the active work. Peers charge less for their own takes on equity option income, including PAPI at 0.29% and TCAL at 0.34%.
Actively managed, so results ride on the manager's stock and option choices rather than a published rule set you can read in advance.
Income lands quarterly, so cash shows up four times a year.

RECI No data

Full ACIO profile⁠

Full RECI profile⁠

ACIO vs RECI Holdings

How ACIO and RECI differ

Overlap by weight

33.0%

Shared holdings make up 47.0% of RECI and 34.9% of ACIO.

Level by level

Holdings53 in both33.0%
Asset classEquity100%
Countryby domicile99.6%

Sector

No Sector split for RECI.

Country, concentration and asset class

Country by domicile

Country weights in ACIO and RECI, widest gap first
Country	More in ACIOMore in RECI	ACIO	RECI
United States	RECI +0.1 points	99.6%	99.7%
Switzerland	ACIO +0.3 points	0.3%	0.0%
Canada	RECI +0.2 points	0.0%	0.2%
China	ACIO +0.1 points	0.1%	0.0%
India	Same weight	0.0%	0.0%
United Kingdom	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

ACIO39.3%
RECI51.7%

Securities held

ACIO172
RECI353

Asset class

ACIO: Equity
RECI: Equity

Holdings

Only in ACIO119
In both53
Only in RECI300

Only in ACIO

119 securities, 66.4% of ACIO by weight

Microsoft Corp5.90%
Alphabet Inc4.53%
Amazon.com Inc3.59%
Broadcom Inc2.37%
isa Inc2.12%
Eli Lilly & Co1.76%
Tesla Inc1.74%
Organ Chase & Co.1.72%
ExxonMobil Holdings Corp1.70%
Berkshire Hathaway Inc1.56%
Advanced Micro Devices Inc1.34%
Blackrock Inc1.20%
Spxw Us 11/30/26 P74501.19%
Walmart Inc1.16%
Johnson & Johnson1.06%
Corp0.82%
UnitedHealth Group Inc0.80%
Southern Co/The0.79%
Cash & Other0.79%
Thermo Fisher Scientific Inc0.78%
Caterpillar Inc0.76%
Duke Energy Corp0.75%
Financial Services Group Inc/The0.73%
Linde PLC0.73%
Costco Wholesale Corp0.72%
Lowe's Cos Inc0.70%
Aerospace0.68%
Cintas Corp0.67%
Devon Energy Corp0.61%
Procter & Gamble Co/The0.60%
Diamondback Energy Inc0.59%
Merck & Co Inc0.57%
Netflix Inc0.54%
Marriott International Inc/MD0.53%
Intel Corp0.48%
Digital Realty Trust Inc0.48%
Eaton Corp PLC0.48%
Coca-Cola Co/The0.47%
Corp0.46%
Texas Instruments Inc0.44%
PepsiCo Inc0.44%
Intercontinental Exchange Inc0.43%
Goldman Sachs Group Inc/The0.42%
International Business Machines Corp0.41%
Darden Restaurants Inc0.41%
BNY Mellon US Large Cap Core Equity ETF0.40%
Welltower Inc0.40%
Morgan Stanley0.37%
GE Vernova Inc0.36%
Stryker Corp0.35%

Only in RECI

300 securities, 32.7% of RECI by weight

Mastercard Inc2.09%
State Street Communication Services Select Sector Spdr Etf2.09%
Bank of America Corp1.30%
Vanguard Communication Services Etf1.16%
Elevance Health Inc0.63%
Conocophillips0.59%
Hilton Worldwide Holdings Inc0.58%
Fidelity Msci Communication Services Index Etf0.57%
Target Corp0.53%
General Dynamics Corp0.52%
Illinois Tool Works Inc0.46%
Bank of New York Mellon Corp/The0.41%
Becton Dickinson & Co0.38%
Us Bancorp0.36%
Ford Motor Co0.36%
Cardinal Health Inc0.36%
Phillips 660.36%
American Tower Corp0.35%
Valero Energy Corp0.35%
Kroger Co/The0.30%
Iqvia Holdings Inc0.30%
Paccar Inc0.30%
Accenture PLC0.30%
Illumina Inc0.29%
Rockwell Automation Inc0.28%
Allstate Corp/The0.27%
Ferguson Enterprises Inc0.26%
Dr Horton Inc0.25%
Crh PLC0.25%
Expedia Group Inc0.24%
Truist Financial Corp0.23%
Zoetis Inc0.22%
Dollar General Corp0.22%
Centene Corp0.22%
Snowflake Inc0.21%
Metlife Inc0.21%
Dexcom Inc0.19%
State Street Corp0.18%
Restaurant Brands International Inc0.18%
Msci Inc0.18%
Anglogold Ashanti PLC0.18%
Otis Worldwide Corp0.16%
Prudential Financial Inc0.16%
Kraft Heinz Co/The0.16%
Veralto Corp0.15%
Hewlett Packard Enterprise Co0.15%
Occidental Petroleum Corp0.15%
Entergy Corp0.15%
Expeditors International of Washington Inc0.14%
General Mills Inc0.14%

Weight gaps

All 53 Holdings in both funds, largest gap first.

Holding weights in ACIO and RECI, widest gap first
Holding	More in ACIOMore in RECI	ACIO	RECI
Apple IncAAPL	RECI +2.32 points	7.65%	9.97%
NVIDIA CorpNVDA	RECI +1.78 points	7.54%	9.32%
Meta Platforms IncMETA	RECI +1.23 points	2.08%	3.31%
Cos Inc/TheTJX	RECI +0.72 points	0.39%	1.11%
Chevron CorpCVX	RECI +0.66 points	0.71%	1.37%
Starbucks CorpSBUX	RECI +0.64 points	0.18%	0.82%
Bristol-Myers Squibb CoBMY	RECI +0.64 points	0.20%	0.84%
Health CorpCVS	RECI +0.56 points	0.17%	0.73%
Parker-Hannifin CorpPH	RECI +0.47 points	0.18%	0.65%
Colgate-Palmolive CoCL	RECI +0.41 points	0.21%	0.62%
AbbVie IncABBV	ACIO +0.41 points	0.98%	0.57%
Cigna Group/TheCI	RECI +0.38 points	0.12%	0.50%
Ross Stores IncROST	RECI +0.37 points	0.15%	0.52%
Automatic Data Processing IncADP	RECI +0.36 points	0.32%	0.68%
Charles Schwab Corp/TheSCHW	RECI +0.35 points	0.23%	0.58%
General Motors CoGM	RECI +0.35 points	0.21%	0.56%
Altria Group IncMO	RECI +0.34 points	0.74%	1.08%
Comcast CorpCMCSA	RECI +0.24 points	0.13%	0.37%
Palantir Technologies IncPLTR	RECI +0.23 points	0.64%	0.87%
Cummins IncCMI	RECI +0.23 points	0.18%	0.41%
PulteGroup IncPHM	ACIO +0.23 points	0.39%	0.16%
FedEx CorpFDX	RECI +0.23 points	0.15%	0.38%
Marsh & McLennan Cos IncMRSH	RECI +0.22 points	0.16%	0.38%
Amgen IncAMGN	ACIO +0.22 points	0.49%	0.27%
Progressive Corp/ThePGR	ACIO +0.19 points	0.74%	0.55%
Cisco Systems IncCSCO	RECI +0.19 points	0.62%	0.81%
Newmont CorpNEM	RECI +0.18 points	0.31%	0.49%
Micron Technology IncMU	RECI +0.16 points	1.57%	1.73%
Amphenol CorpAPH	ACIO +0.15 points	0.49%	0.34%
Crowdstrike Holdings IncCRWD	ACIO +0.15 points	0.63%	0.48%
Gilead Sciences IncGILD	ACIO +0.12 points	0.36%	0.24%
Packaging Corp of AmericaPKG	ACIO +0.13 points	0.22%	0.09%
Tapestry IncTPR	RECI +0.10 points	0.07%	0.17%
Delta Air Lines IncDAL	RECI +0.10 points	0.17%	0.28%
Motorola Solutions IncMSI	ACIO +0.09 points	0.24%	0.15%
NextEra Energy IncNEE	RECI +0.09 points	0.40%	0.49%
Lam Research CorpLRCX	ACIO +0.08 points	0.57%	0.49%
Palo Alto Networks IncPANW	RECI +0.08 points	0.48%	0.56%
Vertex Pharmaceuticals IncVRTX	ACIO +0.07 points	0.22%	0.15%
Adobe IncADBE	RECI +0.06 points	0.17%	0.23%
Datadog IncDDOG	RECI +0.05 points	0.12%	0.17%
ServiceNow IncNOW	RECI +0.04 points	0.19%	0.23%
Intuit IncINTU	RECI +0.04 points	0.14%	0.18%
Sandisk CorpSNDK	RECI +0.03 points	0.25%	0.28%
Applied Materials IncAMAT	RECI +0.03 points	0.47%	0.50%
Equinix IncEQIX	RECI +0.03 points	0.38%	0.41%
AppLovin CorpAPP	RECI +0.03 points	0.10%	0.13%
Arista Networks IncANET	RECI +0.03 points	0.31%	0.34%
Ciena CorpCIEN	ACIO +0.03 points	0.13%	0.10%
Kla CorpKLAC	ACIO +0.02 points	0.33%	0.31%
Fortinet IncFTNT	RECI +0.02 points	0.14%	0.16%
itigroup IncC	ACIO +0.02 points	0.83%	0.81%
Keysight Technologies IncKEYS	RECI +0.01 points	0.09%	0.10%

All 120 ACIO holdings⁠All RECI holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ACIO vs RECI Cost

Overpaying ACIO vs RECI

$9,025

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

ACIO 0.79%
$15,174
RECI 0.30%
$6,149

Amount$10,000

Years30 years

Cost over time

ACIO 0.79%
RECI 0.30%
Overpaying

Year by year

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

Expense ratio

0.79%ACIO
0.30%RECI, cheaper

RECI0.30%ACIO0.79%

0.30%1.64%

Middle half of Active Option Income funds
Median 0.95%

RECI cheapest of 50 funds

ACIO 17th cheapest of 50 funds

ACIO vs RECI Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ACIO 0.39%; RECI No data
Payout (12M): ACIO $0.18; RECI No data
Last payment: ACIO $0.03; RECI $0.03
Ex-dividend: ACIO Sep 29, 2026; RECI Oct 1, 2026
Paid on: ACIO Sep 30, 2026; RECI Oct 5, 2026
Frequency: ACIO Quarterly; RECI Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

ACIOQuarterly · 15 paymentsAll ACIO payments⁠

RECIMonthly · 2 paymentsAll RECI payments⁠

ACIO vs RECI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: ACIO 9.5%RECI No data
Return per unit of riskSharpe ratio, 3 years: ACIO 1.15RECI No data
Worst fallMax drawdown, 5 years: ACIO −14.0%RECI No data
Market sensitivityBeta, 5 years: ACIO 0.74RECI 0.00; Market = 1

ACIO and RECI in the news

All news⁠

Category Review
The largest option-income fund beat the S&P 500 by selling calls on a quarter of its assets
Updated Oct 30, 2026ACIO
Category Review
The payout and the result came apart in option-income funds
Updated Sep 30, 2026ACIO

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ACIO vs RECI

In short

Stated mandate

Why people hold it

Worth knowing

How ACIO and RECI differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ACIO

Only in RECI

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The largest option-income fund beat the S&P 500 by selling calls on a quarter of its assets

The payout and the result came apart in option-income funds

How ACIO and RECI differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ACIO

Only in RECI

Weight gaps