ADME vs RDVI

ADMEBAptus Drawdown Managed Equity ETF

RDVIAFT Vest Rising Dividend Achievers Target Income ETF

In short

ADME Most 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.

RDVI Two engines in one wrapper: roughly 50 rising-dividend stocks on the equity side, and calls sold on the S&P 500 (not on those stocks) for the income, targeting 8 points above the index's dividend yield, paid monthly.

Stated mandate

ADME 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.

RDVI The Fund seeks current income and, secondarily, capital appreciation. It primarily invests in U.S.-traded equities in the Nasdaq US Rising Dividend Achievers Index and sells U.S.-traded calls on the S&P 500 Index or ETFs tracking it.

Why people hold it

• ADME 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.

• RDVI The income target is written into the mandate: annualized distributions aimed at 8 percentage points above the S&P 500's dividend yield, paid monthly.
• Calls are written on the S&P 500, not on the fund's own holdings, so no individual dividend grower in the portfolio gets called away when it runs.ftportfolios.com
• A concentrated equity sleeve of about 50 US dividend growers, not a 500-name index clone wearing an options overlay.
• Billion-dollar-plus asset base and active daily trading, which puts it among the easier funds to move in and out of in this crowded category.

Worth knowing

• ADME 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.

• RDVI At 0.75%, it runs above the typical S&P 500 income fund, and cheaper overlays exist in the same lane (IVVW at 0.25%, GPIX at 0.35%).
• The prospectus discloses distributions can include return of capital, so part of a monthly payment may be your own money coming back.
• Stocks and options sit on different benchmarks. When the S&P 500 outruns the dividend-grower sleeve, the short calls give back more than the holdings pick up.

Full ADME profile⁠

Full RDVI profile⁠