ACIO vs PSET
Aptus Collared Investment Opportunity ETF vs Principal Quality ETF
Which is better, ACIO or PSET?
Each has led over a different period.
PSET has a lower expense ratio. ACIO led over 1Y, 3Y and 5Y, PSET over the full window. PSET is less concentrated, with 34.2% of the fund in its ten largest positions against 40.8%.
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 | PSET |
|---|---|---|
| Expense Ratio | 0.79% | 0.15%Best |
| AUM | $2.4B | $26M |
| Dividend Yield | 0.39% | 0.69% |
| Holdings | 524 | 150 |
| YTD Return | +8.01%Best | +5.26% |
| 1Y Return | +8.79%Best | +6.00% |
| 3Y Return (annualized) | +15.63%Best | +13.51% |
| 5Y Return (annualized) | +9.74%Best | +8.64% |
| Volatility (annualized) | 10.0%Best | 16.4% |
| Max Drawdown | -14.9%Best | -34.8% |
| $10,000 over 5 years | $15,916Best | $15,134 |
| Top 10 Weight | 40.8% | 34.2%Best |
| Fund Family | Aptus ETFs | Principal Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jul 9, 2019 | Mar 21, 2016 |
Volatility and max drawdown are measured over the window both funds cover: Jul 10, 2019 to Oct 14, 2026 (7.3 years).
ACIO vs PSET 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 PSET Performance
Aptus Collared Investment Opportunity ETF (ACIO) is an ETF from Aptus ETFs and Principal Quality ETF (PSET) is an ETF from Principal Funds. Over the past year ACIO returned +8.79% while PSET returned +6.00%. Year to date, ACIO is up 8.01% versus a gain of 5.26% for PSET.
Over three years, ACIO compounded at +15.63% per year against +13.51% for PSET; over five years the annualized figures are +9.74% and +8.64% respectively. Across the full 7-year window we track, PSET has the edge at +11.44% annualized vs +9.65%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PSET has been the more volatile fund, with annualized monthly volatility of 16.4% 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 -34.8% for PSET. 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 PSET charges 0.15%. On a $10,000 position that is $79 vs $15 annually, a gap of $64 per year that compounds over a long holding period. On income, ACIO currently yields 0.39% against 0.69% for PSET.
Holdings Overlap
45.6% of ACIO's money is in holdings PSET also owns. 56.9% of PSET's money is in holdings ACIO also owns.
The two portfolios partly overlap.
33 positions in common, counted across the 167 positions we hold weights for in ACIO and 73 in PSET, against full books of 524 and 150.
What only one of them owns
Our book lists 38 positions for PSET that do not appear in our book for ACIO (41.0% of the fund), and 133 for ACIO that do not appear in PSET (54.0%).
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 PSET | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.44% | 7.13% | 1.31% |
| AAPLApple, Inc | 7.26% | 6.11% | 1.15% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.75% | 4.38% | 1.37% |
| GOOGAlphabet, Inc.- Cl C | 5.39% | 2.88% | 2.51% |
| AMZNAmazon.Com Inc | 3.69% | 2.27% | 1.42% |
| VVisa Inc. 'A' | 1.82% | 2.14% | 0.32% |
| AVGOBroadcom Inc | 2.46% | 1.19% | 1.27% |
| PANWPalo Alto Networks Inc. | 0.52% | 2.98% | 2.46% |
| METAMeta Platform Inc | 2.42% | 0.97% | 1.45% |
| AMATApplied Materials, Inc. | 0.63% | 2.27% | 1.64% |
56.9% of PSET 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.
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Frequently Asked Questions
Which is cheaper, ACIO or PSET?
ACIO has an expense ratio of 0.79% while PSET charges 0.15%. PSET is the cheaper option, by $64 a year on a $10,000 investment.
Which performed better, ACIO or PSET?
Over the past year ACIO returned +8.79% vs +6.00% for PSET, so ACIO leads on 1-year performance. Over the longest common window we track (7 years), ACIO annualized +9.65% vs +11.44% for PSET. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ACIO or PSET?
PSET has been the more volatile fund at 16.4% annualized versus 10.0% for ACIO. Worst drawdown: ACIO -14.9% vs PSET -34.8%.
Should I hold both ACIO and PSET?
ACIO and PSET 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 PSET?
56.9% of PSET's money is in holdings ACIO also owns. 56.9% of PSET's is in holdings ACIO also owns. They hold 33 positions in common, counted across the 167 positions we hold weights for in ACIO and 73 in PSET.
Which pays a higher dividend, ACIO or PSET?
ACIO yields 0.39% while PSET yields 0.69%, so PSET currently pays the higher dividend yield.
Is PSET better than ACIO?
PSET has a lower expense ratio. ACIO led over 1Y, 3Y and 5Y, PSET over the full window. PSET is less concentrated, with 34.2% of the fund in its ten largest positions against 40.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.