ACIO vs JPEF
Aptus Collared Investment Opportunity ETF vs JPMorgan Equity Focus ETF
Which is better, ACIO or JPEF?
Nearly the same fund. JPEF costs less.
JPEF has a lower expense ratio. JPEF led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.98. ACIO is less concentrated, with 40.4% of the fund in its ten largest positions against 45.4%.
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 | JPEF |
|---|---|---|
| Expense Ratio | 0.79% | 0.44%Best |
| AUM | $2.4B | $2.0B |
| Dividend Yield | 0.37% | 0.64% |
| Holdings | 524 | 84 |
| YTD Return | +9.08% | +11.32%Best |
| 1Y Return | +9.87% | +13.14%Best |
| 3Y Return (annualized) | +16.26% | +20.69%Best |
| 5Y Return (annualized) | +10.31% | - |
| Volatility (annualized) | 9.5%Best | 12.3% |
| Max Drawdown | -12.1%Best | -18.1% |
| $10,000 over 3.2 years | $15,162 | $16,873Best |
| Top 10 Weight | 40.4%Best | 45.4% |
| Fund Family | Aptus ETFs | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jul 9, 2019 | Mar 10, 2023 |
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Jul 31, 2023 to Oct 12, 2026 (3.2 years).
ACIO vs JPEF 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 3.2 years both funds cover.
ACIO vs JPEF Performance
Aptus Collared Investment Opportunity ETF (ACIO) is an ETF from Aptus ETFs and JPMorgan Equity Focus ETF (JPEF) is an ETF from J.P. Morgan Asset Management. Over the past year ACIO returned +9.87% while JPEF returned +13.14%. Year to date, ACIO is up 9.08% versus a gain of 11.32% for JPEF.
Over three years, ACIO compounded at +16.26% per year against +20.69% for JPEF.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JPEF has been the more volatile fund, with annualized monthly volatility of 12.3% compared with 9.5% 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 -12.1% for ACIO and -18.1% for JPEF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. 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 JPEF charges 0.44%. On a $10,000 position that is $79 vs $44 annually, a gap of $35 per year that compounds over a long holding period. On income, ACIO currently yields 0.37% against 0.64% for JPEF.
Holdings Overlap
47.9% of ACIO's money is in holdings JPEF also owns. 79.8% of JPEF's money is in holdings ACIO also owns.
Most of JPEF is already inside ACIO. Owning both mostly buys the same companies twice.
29 positions in common, counted across the 165 positions we hold weights for in ACIO and 41 in JPEF, against full books of 524 and 84.
What only one of them owns
Our book lists 11 positions for JPEF that do not appear in our book for ACIO (17.8% of the fund), and 135 for ACIO that do not appear in JPEF (51.6%).
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 JPEF | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.77% | 8.92% | 1.15% |
| AAPLApple, Inc | 7.43% | 5.73% | 1.70% |
| GOOGAlphabet Inc. C | 5.60% | 6.47% | 0.87% |
| MSFTMicrosoft Corp | 5.75% | 5.01% | 0.74% |
| AMZNAmazon.Com Inc | 3.79% | 4.61% | 0.82% |
| AVGOBroadcom Inc | 2.49% | 2.77% | 0.28% |
| METAMeta Platforms Inc | 2.23% | 2.18% | 0.05% |
| JNJJohnson & Johnson - Common | 1.03% | 3.28% | 2.25% |
| XOMExxon Mobil Corp. | 1.49% | 2.62% | 1.13% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.47% | 2.47% | 1.00% |
79.8% of JPEF 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 JPEF?
ACIO has an expense ratio of 0.79% while JPEF charges 0.44%. JPEF is the cheaper option, by $35 a year on a $10,000 investment.
Which performed better, ACIO or JPEF?
Over the past year ACIO returned +9.87% vs +13.14% for JPEF, so JPEF leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ACIO or JPEF?
JPEF has been the more volatile fund at 12.3% annualized versus 9.5% for ACIO. Worst drawdown: ACIO -12.1% vs JPEF -18.1%.
Should I hold both ACIO and JPEF?
ACIO and JPEF have a monthly-return correlation of 0.98, 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.
What is the holdings overlap between ACIO and JPEF?
79.8% of JPEF's money is in holdings ACIO also owns. 79.8% of JPEF's is in holdings ACIO also owns. They hold 29 positions in common, counted across the 165 positions we hold weights for in ACIO and 41 in JPEF.
Which pays a higher dividend, ACIO or JPEF?
ACIO yields 0.37% while JPEF yields 0.64%, so JPEF currently pays the higher dividend yield.
Is JPEF better than ACIO?
JPEF has a lower expense ratio. JPEF led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.98. ACIO is less concentrated, with 40.4% of the fund in its ten largest positions against 45.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.