ACIO vs NDVG
Aptus Collared Investment Opportunity ETF vs Nuveen Dividend Growth ETF
Which is better, ACIO or NDVG?
Each has led over a different period.
NDVG has a lower expense ratio. ACIO led over the full window, NDVG over 1Y. ACIO is less concentrated, with 40.8% of the fund in its ten largest positions against 43.3%.
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 | NDVG |
|---|---|---|
| Expense Ratio | 0.79% | 0.65%Best |
| AUM | $2.4B | $13M |
| Dividend Yield | 0.39% | 1.09% |
| Holdings | 524 | 43 |
| Volatility (annualized) | 10.5%Best | 14.1% |
| Max Drawdown | -14.0%Best | -19.7% |
| $10,000 over 4.7 years | $14,271Best | $14,252 |
| Top 10 Weight | 40.8%Best | 43.3% |
| Fund Family | Aptus ETFs | Nuveen |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jul 9, 2019 | Aug 4, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 192 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 15, 2026 and NDVG through Apr 6, 2026.
Volatility and max drawdown, and the $10,000 over 4.7 years row, are measured over the window both funds cover: Aug 5, 2021 to Apr 6, 2026 (4.7 years).
Risk: Volatility and Drawdowns
NDVG has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 10.5% 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 -19.7% for NDVG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ACIO charges 0.79% per year while NDVG charges 0.65%. On a $10,000 position that is $79 vs $65 annually, a gap of $14 per year that compounds over a long holding period. On income, ACIO currently yields 0.39% against 1.09% for NDVG.
Holdings Overlap
28.5% of ACIO's money is in holdings NDVG also owns. 73.6% of NDVG's money is in holdings ACIO also owns.
Most of NDVG is already inside ACIO. Owning both mostly buys the same companies twice.
The two holdings books were reported 274 days apart, ACIO as of Oct 1, 2026 and NDVG as of Dec 31, 2025, so some of the difference between them is the time between the two reports rather than the funds.
29 positions in common, counted across the 167 positions we hold weights for in ACIO and 41 in NDVG, against full books of 524 and 43.
What only one of them owns
Our book lists 8 positions for NDVG that do not appear in our book for ACIO (14.9% of the fund), and 137 for ACIO that do not appear in NDVG (71.2%).
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 NDVG | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.26% | 6.70% | 0.56% |
| MSFTMicrosoft Corp | 5.75% | 7.90% | 2.15% |
| AVGOBroadcom Inc | 2.46% | 5.85% | 3.39% |
| JPMJpmorgan Chase | 1.68% | 4.24% | 2.56% |
| APHAmphenol Corp. Class A | 0.52% | 3.60% | 3.08% |
| METAMeta Platforms Inc | 2.42% | 1.51% | 0.91% |
| AXPAmerican Express Co. | 0.25% | 3.36% | 3.11% |
| ABBVAbbvie Inc. | 0.85% | 2.57% | 1.72% |
| XOMExxonmobil Corp. | 1.47% | 1.90% | 0.43% |
| NEENextera Energy Inc | 0.36% | 2.68% | 2.32% |
73.6% of NDVG 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 NDVG?
ACIO has an expense ratio of 0.79% while NDVG charges 0.65%. NDVG is the cheaper option, by $14 a year on a $10,000 investment.
Which is riskier, ACIO or NDVG?
NDVG has been the more volatile fund at 14.1% annualized versus 10.5% for ACIO. Worst drawdown: ACIO -14.0% vs NDVG -19.7%.
Should I hold both ACIO and NDVG?
ACIO and NDVG have a monthly-return correlation of 0.86, 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 NDVG?
73.6% of NDVG's money is in holdings ACIO also owns. 73.6% of NDVG's is in holdings ACIO also owns. They hold 29 positions in common, counted across the 167 positions we hold weights for in ACIO and 41 in NDVG.
Which pays a higher dividend, ACIO or NDVG?
ACIO yields 0.39% while NDVG yields 1.09%, so NDVG currently pays the higher dividend yield.
Is NDVG better than ACIO?
NDVG has a lower expense ratio. ACIO led over the full window, NDVG over 1Y. ACIO is less concentrated, with 40.8% of the fund in its ten largest positions against 43.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.