ACIO vs LVOL
Aptus Collared Investment Opportunity ETF vs American Century Low Volatility ETF
Which is better, ACIO or LVOL?
ACIO has been ahead.
LVOL has a lower expense ratio. ACIO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93.
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 | LVOL |
|---|---|---|
| Expense Ratio | 0.79% | 0.29%Best |
| AUM | $2.4B | $9M |
| Dividend Yield | 0.39% | 1.09% |
| Holdings | 524 | 201 |
| Volatility (annualized) | 11.1%Best | 14.4% |
| Max Drawdown | -14.0%Best | -22.4% |
| $10,000 over 4.3 years | $13,878Best | $13,730 |
| Fund Family | Aptus ETFs | American Century Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jul 9, 2019 | Jan 12, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 540 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. ACIO has data through Oct 14, 2026 and LVOL through Apr 22, 2025.
Volatility and max drawdown, and the $10,000 over 4.3 years row, are measured over the window both funds cover: Jan 19, 2021 to Apr 22, 2025 (4.3 years).
Risk: Volatility and Drawdowns
LVOL has been the more volatile fund, with annualized monthly volatility of 14.4% compared with 11.1% 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 -14.0% for ACIO and -22.4% for LVOL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ACIO charges 0.79% per year while LVOL charges 0.29%. On a $10,000 position that is $79 vs $29 annually, a gap of $50 per year that compounds over a long holding period. On income, ACIO currently yields 0.39% against 1.09% for LVOL.
You are not choosing between two funds in isolation.
Whichever of ACIO and LVOL you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ACIO or LVOL?
ACIO has an expense ratio of 0.79% while LVOL charges 0.29%. LVOL is the cheaper option, by $50 a year on a $10,000 investment.
Which is riskier, ACIO or LVOL?
LVOL has been the more volatile fund at 14.4% annualized versus 11.1% for ACIO. Worst drawdown: ACIO -14.0% vs LVOL -22.4%.
Should I hold both ACIO and LVOL?
ACIO and LVOL have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, ACIO or LVOL?
ACIO yields 0.39% while LVOL yields 1.09%, so LVOL currently pays the higher dividend yield.
Is LVOL better than ACIO?
LVOL has a lower expense ratio. ACIO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93. Which one suits a particular account depends on what it is for. This is information, not a recommendation.