ACIO vs DUSA
Aptus Collared Investment Opportunity ETF vs Davis Select US Equity ETF
Which is better, ACIO or DUSA?
DUSA has been ahead.
DUSA has a lower expense ratio. DUSA led over 1Y, 3Y, 5Y and the full window. ACIO is less concentrated, with 40.8% of the fund in its ten largest positions against 58.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ACIO | DUSA |
|---|---|---|
| Expense Ratio | 0.79% | 0.59%Best |
| AUM | $2.4B | $1.3B |
| Dividend Yield | 0.39% | 0.90% |
| Holdings | 524 | 84 |
| YTD Return | +8.01% | +9.27%Best |
| 1Y Return | +8.79% | +17.38%Best |
| 3Y Return (annualized) | +15.63% | +22.10%Best |
| 5Y Return (annualized) | +9.74% | +11.47%Best |
| Volatility (annualized) | 10.0%Best | 18.4% |
| Max Drawdown | -14.9%Best | -36.7% |
| $10,000 over 5 years | $15,916 | $17,210Best |
| Top 10 Weight | 40.8%Best | 58.4% |
| Fund Family | Aptus ETFs | Davis ETFs |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jul 9, 2019 | Jan 11, 2017 |
Volatility and max drawdown are measured over the window both funds cover: Jul 10, 2019 to Oct 14, 2026 (7.3 years).
ACIO vs DUSA growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 7.3 years both funds cover.
ACIO vs DUSA Performance
Aptus Collared Investment Opportunity ETF (ACIO) is an ETF from Aptus ETFs and Davis Select US Equity ETF (DUSA) is an ETF from Davis ETFs. Over the past year ACIO returned +8.79% while DUSA returned +17.38%. Year to date, ACIO is up 8.01% versus a gain of 9.27% for DUSA.
Over three years, ACIO compounded at +15.63% per year against +22.10% for DUSA; over five years the annualized figures are +9.74% and +11.47% respectively. Across the full 7-year window we track, DUSA has the edge at +13.78% annualized vs +9.65%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DUSA has been the more volatile fund, with annualized monthly volatility of 18.4% compared with 10.0% for ACIO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -14.9% for ACIO and -36.7% for DUSA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ACIO charges 0.79% per year while DUSA charges 0.59%. On a $10,000 position that is $79 vs $59 annually, a gap of $20 per year that compounds over a long holding period. On income, ACIO currently yields 0.39% against 0.90% for DUSA.
Holdings Overlap
15.1% of ACIO's money is in holdings DUSA also owns. 52.2% of DUSA's money is in holdings ACIO also owns.
The two portfolios partly overlap.
11 positions in common, counted across the 167 positions we hold weights for in ACIO and 28 in DUSA, against full books of 524 and 84.
What only one of them owns
Our book lists 15 positions for DUSA that do not appear in our book for ACIO (45.1% of the fund), and 155 for ACIO that do not appear in DUSA (84.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in ACIO | Weight in DUSA | Difference |
|---|---|---|---|
| GOOGAlphabet Inc. C | 5.39% | 5.24% | 0.15% |
| AMZNAmazon.Com Inc | 3.69% | 5.85% | 2.16% |
| METAMeta Platforms Inc | 2.42% | 6.70% | 4.28% |
| COFCapital One Financial Corp. | 0.20% | 7.01% | 6.81% |
| DVNDevon Energy Corp. | 0.54% | 6.50% | 5.96% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.42% | 4.52% | 3.10% |
| CVSCvs Health Corp | 0.16% | 4.83% | 4.67% |
| TXNTexas Instrument Inc | 0.40% | 4.10% | 3.70% |
| CICigna Corp. | 0.11% | 3.37% | 3.26% |
| UNHUnitedhealth Group Incorporated | 0.71% | 2.16% | 1.45% |
52.2% of DUSA is already inside ACIO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ACIO or DUSA?
ACIO has an expense ratio of 0.79% while DUSA charges 0.59%. DUSA is the cheaper option, by $20 a year on a $10,000 investment.
Which performed better, ACIO or DUSA?
Over the past year ACIO returned +8.79% vs +17.38% for DUSA, so DUSA leads on 1-year performance. Over the longest common window we track (7 years), ACIO annualized +9.65% vs +13.78% for DUSA. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ACIO or DUSA?
DUSA has been the more volatile fund at 18.4% annualized versus 10.0% for ACIO. Worst drawdown: ACIO -14.9% vs DUSA -36.7%.
Should I hold both ACIO and DUSA?
ACIO and DUSA have a monthly-return correlation of 0.71, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ACIO and DUSA?
52.2% of DUSA's money is in holdings ACIO also owns. 52.2% of DUSA's is in holdings ACIO also owns. They hold 11 positions in common, counted across the 167 positions we hold weights for in ACIO and 28 in DUSA.
Which pays a higher dividend, ACIO or DUSA?
ACIO yields 0.39% while DUSA yields 0.90%, so DUSA currently pays the higher dividend yield.
Is DUSA better than ACIO?
DUSA has a lower expense ratio. DUSA led over 1Y, 3Y, 5Y and the full window. ACIO is less concentrated, with 40.8% of the fund in its ten largest positions against 58.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.