ADME vs RECI: Grades, Fees and Holdings Compared

Aptus Drawdown Managed Equity ETF

ADMEBCboe

Columbia Research Enhanced Core Premium Income ET

RECIANYSE Arca

Overlap

32.0%by weight

Expense ratio

RECI −0.49pt a year

ADME0.79%RECI0.30%

Avg volume · 30D

RECI 2.4×the volume

ADME11.8KRECI28K

ADME vs RECI Performance

Aug 7, 2026 – Nov 9, 2026

−2.8%ADME+1.9%RECI

Expense ratio: ADME 0.79%; RECI 0.30%, better
Fund size: ADME $299M; RECI $10M
1Y total return: ADME +9.2%; RECI No data
Yield (12M): ADME 0.37%; RECI No data
Holdings: ADME 171; RECI 355
Avg volume (30D): ADME 11.8K sh; RECI 28K sh, better
NAV per share: ADME $54.49; RECI $19.98
52W range

ETF.net Grade

Pillar letters and Scores for ADME, RECI, with each pillar’s weight
Pillar	ADME	RECI
Cost30% weight	B65	A100Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	B60	A75Higher
Tradability15% weight	A74	A74
Holdings10% weight	A74Higher	B59
Durability5% weight	A91Higher	C45

Rank among Active Option Income funds

How we build Categories ›

Same Category. ADME 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 3rd and ADME 11th of 50 funds in the Active Option Income Category.

Rank 1ATCALT. Rowe Price Capital Appreciation Premium Income ETFScore 81
Rank 1AYLDEFranklin ClearBridge Enhanced Income ETFScore 81
Rank 3ARECIColumbia Research Enhanced Core Premium Income ETScore 80
Rank 4ARDVIFT Vest Rising Dividend Achievers Target Income ETFScore 77
Rank 9ASTOXHorizon Core Equity ETFScore 72
Rank 11BADMEAptus Drawdown Managed Equity ETFScore 68
Rank 12BCTIFCastellan Targeted Income ETFScore 67

Our read on each fund

ETF.net Research

ADMEBAptus Drawdown Managed Equity ETF

RECIAColumbia Research Enhanced Core Premium Income ET

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.

RECI No data

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.

RECI No data

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.

RECI No data

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.

RECI No data

Full ADME profile⁠

Full RECI profile⁠

ADME vs RECI Holdings

How ADME and RECI differ

Overlap by weight

32.0%

Shared holdings make up 46.0% of RECI and 33.7% of ADME.

About this figure: ADME earns income from options, which aren’t counted.

RECI earns income from options, which aren’t counted.

Level by level

Holdings53 in both32.0%
Sector11 Sectors96.5%
Asset classStocks100%
Countryby domicile99.6%

Sector

Sector weights in ADME and RECI, widest gap first
Sector	Gap	ADME	RECI
Consumer Discretionary	ADME +1.1 points	9.9%	8.8%
Communication	RECI +1.1 points	9.0%	10.1%
Financials	ADME +1.0 points	12.7%	11.7%
Technology	RECI +0.8 points	36.3%	37.1%
Health Care	ADME +0.7 points	10.5%	9.8%
Industrials	RECI +0.6 points	7.3%	8.0%
Energy	RECI +0.6 points	3.5%	4.1%
Consumer Staples	ADME +0.6 points	5.2%	4.6%
Real Estate	RECI +0.3 points	1.8%	2.1%
Utilities	ADME +0.2 points	2.2%	2.0%
Materials	RECI +0.1 points	1.6%	1.7%

Country, concentration and asset class

Country by domicile

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

Concentration

Weight in the 10 largest Holdings

ADME39.7%
RECI51.1%

Securities held

ADME171
RECI353

Asset class

ADME: Stocks
RECI: Stocks

Holdings

Only in ADME118
In both53
Only in RECI300

Only in ADME

118 securities, 67.4% of ADME by weight

Microsoft Corp6.18%
Alphabet Inc4.75%
Amazon.com Inc3.99%
Broadcom Inc2.18%
isa Inc2.16%
Organ Chase & Co.1.74%
Eli Lilly & Co1.71%
Berkshire Hathaway Inc1.67%
Tesla Inc1.60%
ExxonMobil Holdings Corp1.52%
Spxw Us 12/31/26 P70001.30%
Blackrock Inc1.22%
Advanced Micro Devices Inc1.20%
Walmart Inc1.18%
Johnson & Johnson1.07%
BNY Mellon US Large Cap Core Equity ETF1.00%
Vix Us 11/18/26 C250.80%
Corp0.79%
Southern Co/The0.79%
Thermo Fisher Scientific Inc0.79%
UnitedHealth Group Inc0.79%
Lowe's Cos Inc0.77%
Duke Energy Corp0.75%
Costco Wholesale Corp0.75%
Linde PLC0.75%
Financial Services Group Inc/The0.74%
Aerospace0.71%
Caterpillar Inc0.69%
Cintas Corp0.68%
Procter & Gamble Co/The0.62%
Netflix Inc0.57%
Merck & Co Inc0.57%
Marriott International Inc/MD0.55%
Devon Energy Corp0.50%
Diamondback Energy Inc0.50%
Coca-Cola Co/The0.49%
Digital Realty Trust Inc0.47%
PepsiCo Inc0.46%
Intercontinental Exchange Inc0.45%
Eaton Corp PLC0.44%
Corp0.43%
Darden Restaurants Inc0.43%
Intel Corp0.41%
Welltower Inc0.40%
Texas Instruments Inc0.40%
Cash & Other0.40%
Goldman Sachs Group Inc/The0.40%
Stryker Corp0.40%
International Business Machines Corp0.39%
Intuitive Surgical Inc0.37%

Only in RECI

300 securities, 33.6% of RECI by weight

Mastercard Inc2.25%
State Street Communication Services Select Sector Spdr Etf2.24%
Bank of America Corp1.31%
Vanguard Communication Services Etf0.96%
Elevance Health Inc0.66%
Hilton Worldwide Holdings Inc0.63%
Fidelity Msci Communication Services Index Etf0.60%
Target Corp0.57%
Conocophillips0.56%
General Dynamics Corp0.52%
Illinois Tool Works Inc0.48%
Bank of New York Mellon Corp/The0.42%
Becton Dickinson & Co0.42%
Cardinal Health Inc0.41%
Ford Motor Co0.38%
Us Bancorp0.37%
American Tower Corp0.37%
Phillips 660.33%
Valero Energy Corp0.33%
Accenture PLC0.33%
Kroger Co/The0.32%
Paccar Inc0.31%
Iqvia Holdings Inc0.31%
Dr Horton Inc0.28%
Allstate Corp/The0.28%
Crh PLC0.27%
Ferguson Enterprises Inc0.27%
Rockwell Automation Inc0.24%
Truist Financial Corp0.24%
Expedia Group Inc0.23%
Dollar General Corp0.23%
Zoetis Inc0.23%
Centene Corp0.23%
Illumina Inc0.23%
Metlife Inc0.21%
Anglogold Ashanti PLC0.20%
Restaurant Brands International Inc0.20%
Dexcom Inc0.20%
Msci Inc0.20%
Snowflake Inc0.18%
State Street Corp0.18%
Otis Worldwide Corp0.18%
Veralto Corp0.18%
Kraft Heinz Co/The0.17%
Prudential Financial Inc0.17%
General Mills Inc0.16%
Viatris Inc0.15%
Entergy Corp0.15%
Cboe Global Markets Inc0.15%
Tyson Foods Inc0.15%

Weight gaps

All 53 Holdings in both funds, largest gap first.

Holding weights in ADME and RECI, widest gap first
Holding	Gap	ADME	RECI
Apple IncAAPL	RECI +2.37 points	7.84%	10.21%
NVIDIA CorpNVDA	RECI +1.41 points	7.09%	8.50%
Meta Platforms IncMETA	RECI +1.25 points	2.10%	3.35%
Cos Inc/TheTJX	RECI +0.71 points	0.39%	1.10%
Bristol-Myers Squibb CoBMY	RECI +0.68 points	0.20%	0.88%
Starbucks CorpSBUX	RECI +0.67 points	0.19%	0.86%
Chevron CorpCVX	RECI +0.68 points	0.64%	1.32%
Health CorpCVS	RECI +0.54 points	0.16%	0.70%
Parker-Hannifin CorpPH	RECI +0.50 points	0.18%	0.68%
Colgate-Palmolive CoCL	RECI +0.46 points	0.21%	0.67%
Automatic Data Processing IncADP	RECI +0.42 points	0.33%	0.75%
Altria Group IncMO	RECI +0.40 points	0.72%	1.12%
Cigna Group/TheCI	RECI +0.40 points	0.12%	0.52%
Ross Stores IncROST	RECI +0.38 points	0.15%	0.54%
General Motors CoGM	RECI +0.38 points	0.21%	0.59%
Charles Schwab Corp/TheSCHW	RECI +0.37 points	0.25%	0.62%
AbbVie IncABBV	ADME +0.37 points	0.96%	0.59%
Comcast CorpCMCSA	RECI +0.28 points	0.14%	0.42%
Marsh & McLennan Cos IncMRSH	RECI +0.25 points	0.16%	0.41%
FedEx CorpFDX	RECI +0.24 points	0.15%	0.39%
PulteGroup IncPHM	ADME +0.24 points	0.42%	0.18%
Cummins IncCMI	RECI +0.21 points	0.16%	0.37%
Amgen IncAMGN	ADME +0.20 points	0.48%	0.28%
Newmont CorpNEM	RECI +0.20 points	0.35%	0.55%
Progressive Corp/ThePGR	ADME +0.17 points	0.74%	0.57%
Palantir Technologies IncPLTR	RECI +0.17 points	0.57%	0.74%
Cisco Systems IncCSCO	RECI +0.17 points	0.56%	0.73%
Amphenol CorpAPH	ADME +0.14 points	0.46%	0.32%
Crowdstrike Holdings IncCRWD	ADME +0.13 points	0.55%	0.42%
NextEra Energy IncNEE	RECI +0.14 points	0.40%	0.54%
Tapestry IncTPR	RECI +0.12 points	0.08%	0.20%
Packaging Corp of AmericaPKG	ADME +0.12 points	0.21%	0.09%
Delta Air Lines IncDAL	RECI +0.12 points	0.19%	0.31%
Gilead Sciences IncGILD	ADME +0.10 points	0.35%	0.25%
Micron Technology IncMU	RECI +0.09 points	1.25%	1.34%
Motorola Solutions IncMSI	ADME +0.09 points	0.25%	0.16%
Lam Research CorpLRCX	ADME +0.09 points	0.49%	0.40%
Adobe IncADBE	RECI +0.07 points	0.16%	0.23%
Palo Alto Networks IncPANW	RECI +0.06 points	0.42%	0.48%
Intuit IncINTU	RECI +0.05 points	0.14%	0.19%
Vertex Pharmaceuticals IncVRTX	ADME +0.05 points	0.21%	0.16%
ServiceNow IncNOW	RECI +0.04 points	0.18%	0.22%
Equinix IncEQIX	RECI +0.04 points	0.38%	0.42%
AppLovin CorpAPP	RECI +0.03 points	0.17%	0.20%
Datadog IncDDOG	RECI +0.03 points	0.09%	0.12%
Ciena CorpCIEN	ADME +0.03 points	0.10%	0.07%
itigroup IncC	ADME +0.02 points	0.82%	0.80%
Fortinet IncFTNT	RECI +0.02 points	0.12%	0.14%
Kla CorpKLAC	ADME +0.01 points	0.28%	0.27%
Applied Materials IncAMAT	RECI +0.01 points	0.40%	0.41%
Arista Networks IncANET	RECI +0.01 points	0.32%	0.33%
Keysight Technologies IncKEYS	RECI +0.01 points	0.07%	0.08%
Sandisk CorpSNDK	RECI +0.01 points	0.17%	0.18%

All 129 ADME 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.

ADME vs RECI Cost

Overpaying ADME vs RECI

$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%
$6,149

Amount$10,000

Years30 years

Cost over time

ADME 0.79%
RECI 0.30%
Overpaying

Year by year

Year	ADME	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%ADME
0.30%RECI, cheaper

RECI0.30%ADME0.79%

0.30%1.64%

Middle half of Active Option Income funds
Median 0.95%

RECI cheapest of 50 funds

ADME 17th cheapest of 50 funds

ADME vs RECI Dividends

Last 12 months to Nov 9, 2026

Yield (12M): ADME 0.37%; RECI No data
Payout (12M): ADME $0.20; RECI No data
Last payment: ADME $0.04; RECI $0.14
Ex-dividend: ADME Sep 29, 2026; RECI Nov 2, 2026
Paid on: ADME Sep 30, 2026; RECI Nov 4, 2026
Frequency: ADME Quarterly; RECI Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

ADMEQuarterly · 15 paymentsAll ADME payments⁠

RECIMonthly · 3 paymentsAll RECI payments⁠

ADME vs RECI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: ADME 11.2%RECI No data
Return per unit of riskSharpe ratio, 3 years: ADME 1.14RECI No data
Worst fallMax drawdown, 5 years: ADME −23.4%RECI No data
Market sensitivityBeta, 5 years: ADME 0.88RECI 0.83; Market = 1

Popular comparisons

ADMEBvsTCALA
Aptus Drawdown Managed Equity ETF · T. Rowe Price Capital Appreciation Premium Income ETF
Expense ratio
0.79% · 0.34%
Category
RECIAvsTCALA
Columbia Research Enhanced Core Premium Income ET · T. Rowe Price Capital Appreciation Premium Income ETF
Expense ratio
0.30% · 0.34%
Category
ADMEBvsYLDEA
Aptus Drawdown Managed Equity ETF · Franklin ClearBridge Enhanced Income ETF
Expense ratio
0.79% · 0.48%
Category
RECIAvsYLDEA
Columbia Research Enhanced Core Premium Income ET · Franklin ClearBridge Enhanced Income ETF
Expense ratio
0.30% · 0.48%
Category
ADMEBvsRDVIA
Aptus Drawdown Managed Equity ETF · FT Vest Rising Dividend Achievers Target Income ETF
Expense ratio
0.79% · 0.75%
Category
RECIAvsRDVIA
Columbia Research Enhanced Core Premium Income ET · FT Vest Rising Dividend Achievers Target Income ETF
Expense ratio
0.30% · 0.75%
Category