ACIO vs BAFE
Aptus Collared Investment Opportunity ETF vs Brown Advisory Flexible Equity ETF
Which is better, ACIO or BAFE?
BAFE has been ahead.
BAFE has a lower expense ratio. BAFE led over 1Y and the full window. ACIO is less concentrated, with 40.4% of the fund in its ten largest positions against 43.4%.
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 | BAFE |
|---|---|---|
| Expense Ratio | 0.79% | 0.54%Best |
| AUM | $2.4B | $1.7B |
| Dividend Yield | 0.37% | 0.27% |
| Holdings | 524 | 90 |
| YTD Return | +9.08% | +10.82%Best |
| 1Y Return | +9.87% | +14.04%Best |
| 3Y Return (annualized) | +16.26% | - |
| 5Y Return (annualized) | +10.31% | - |
| Volatility (annualized) | 9.2%Best | 13.3% |
| Max Drawdown | -12.1%Best | -18.4% |
| $10,000 over 1.9 years | $11,878 | $12,135Best |
| Top 10 Weight | 40.4%Best | 43.4% |
| Fund Family | Aptus ETFs | Brown Advisory |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jul 9, 2019 | Nov 18, 2024 |
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Nov 18, 2024 to Oct 12, 2026 (1.9 years).
ACIO vs BAFE 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 1.9 years both funds cover.
ACIO vs BAFE Performance
Aptus Collared Investment Opportunity ETF (ACIO) is an ETF from Aptus ETFs and Brown Advisory Flexible Equity ETF (BAFE) is an ETF from Brown Advisory. Over the past year ACIO returned +9.87% while BAFE returned +14.04%. Year to date, ACIO is up 9.08% versus a gain of 10.82% for BAFE.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BAFE has been the more volatile fund, with annualized monthly volatility of 13.3% compared with 9.2% 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 -12.1% for ACIO and -18.4% for BAFE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ACIO charges 0.79% per year while BAFE charges 0.54%. On a $10,000 position that is $79 vs $54 annually, a gap of $25 per year that compounds over a long holding period. On income, ACIO currently yields 0.37% against 0.27% for BAFE.
Holdings Overlap
41.6% of ACIO's money is in holdings BAFE also owns. 60.8% of BAFE's money is in holdings ACIO also owns.
The two portfolios partly overlap.
25 positions in common, counted across the 165 positions we hold weights for in ACIO and 44 in BAFE, against full books of 524 and 90.
What only one of them owns
Our book lists 13 positions for BAFE that do not appear in our book for ACIO (22.9% of the fund), and 139 for ACIO that do not appear in BAFE (57.9%).
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 BAFE | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.75% | 6.35% | 0.60% |
| NVDANvidia Corp | 7.77% | 3.33% | 4.44% |
| AAPLApple, Inc | 7.43% | 1.90% | 5.53% |
| GOOGAlphabet Inc. C | 5.60% | 3.56% | 2.04% |
| AMZNAmazon.Com Inc | 3.79% | 4.54% | 0.75% |
| METAMeta Platforms Inc | 2.23% | 4.15% | 1.92% |
| VVisa Inc Class A | 1.91% | 4.35% | 2.44% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.47% | 3.18% | 1.71% |
| UNHUnitedhealth Group, Inc. | 0.75% | 3.02% | 2.27% |
| URIUnited Rentals Inc. | 0.13% | 2.65% | 2.52% |
60.8% of BAFE 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 BAFE?
ACIO has an expense ratio of 0.79% while BAFE charges 0.54%. BAFE is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, ACIO or BAFE?
Over the past year ACIO returned +9.87% vs +14.04% for BAFE, so BAFE leads on 1-year performance. Over the longest common window we track (2 years), ACIO annualized +9.48% vs +10.72% for BAFE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ACIO or BAFE?
BAFE has been the more volatile fund at 13.3% annualized versus 9.2% for ACIO. Worst drawdown: ACIO -12.1% vs BAFE -18.4%.
Should I hold both ACIO and BAFE?
ACIO and BAFE have a monthly-return correlation of 0.88, 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 BAFE?
60.8% of BAFE's money is in holdings ACIO also owns. 60.8% of BAFE's is in holdings ACIO also owns. They hold 25 positions in common, counted across the 165 positions we hold weights for in ACIO and 44 in BAFE.
Which pays a higher dividend, ACIO or BAFE?
ACIO yields 0.37% while BAFE yields 0.27%, so ACIO currently pays the higher dividend yield.
Is BAFE better than ACIO?
BAFE has a lower expense ratio. BAFE led over 1Y and the full window. ACIO is less concentrated, with 40.4% of the fund in its ten largest positions against 43.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.