ACIO vs QLTY
Aptus Collared Investment Opportunity ETF vs GMO US Quality ETF
Which is better, ACIO or QLTY?
QLTY has been ahead.
QLTY has a lower expense ratio. QLTY led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.93. ACIO is less concentrated, with 40.4% of the fund in its ten largest positions against 44.9%.
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 | QLTY |
|---|---|---|
| Expense Ratio | 0.79% | 0.50%Best |
| AUM | $2.4B | $5.2B |
| Dividend Yield | 0.37% | 0.70% |
| Holdings | 524 | 90 |
| YTD Return | +9.11% | +14.23%Best |
| 1Y Return | +9.12% | +19.88%Best |
| 3Y Return (annualized) | +16.12% | +21.99%Best |
| 5Y Return (annualized) | +10.27% | - |
| Volatility (annualized) | 8.8%Best | 11.9% |
| Max Drawdown | -12.1%Best | -17.0% |
| $10,000 over 2.9 years | $15,092 | $17,797Best |
| Top 10 Weight | 40.4%Best | 44.9% |
| Fund Family | Aptus ETFs | GMO |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jul 9, 2019 | Nov 13, 2023 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 15, 2023 to Oct 9, 2026 (2.9 years).
ACIO vs QLTY 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 2.9 years both funds cover.
ACIO vs QLTY Performance
Aptus Collared Investment Opportunity ETF (ACIO) is an ETF from Aptus ETFs and GMO US Quality ETF (QLTY) is an ETF from GMO. Over the past year ACIO returned +9.12% while QLTY returned +19.88%. Year to date, ACIO is up 9.11% versus a gain of 14.23% for QLTY.
Over three years, ACIO compounded at +16.12% per year against +21.99% for QLTY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QLTY has been the more volatile fund, with annualized monthly volatility of 11.9% compared with 8.8% 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 -17.0% for QLTY. 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 QLTY charges 0.50%. On a $10,000 position that is $79 vs $50 annually, a gap of $29 per year that compounds over a long holding period. On income, ACIO currently yields 0.37% against 0.70% for QLTY.
Holdings Overlap
42.1% of ACIO's money is in holdings QLTY also owns. 76.7% of QLTY's money is in holdings ACIO also owns.
Most of QLTY is already inside ACIO. Owning both mostly buys the same companies twice.
28 positions in common, counted across the 165 positions we hold weights for in ACIO and 44 in QLTY, against full books of 524 and 90.
What only one of them owns
Our book lists 16 positions for QLTY that do not appear in our book for ACIO (23.3% of the fund), and 136 for ACIO that do not appear in QLTY (57.4%).
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 QLTY | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.75% | 7.70% | 1.95% |
| AAPLApple, Inc | 7.43% | 4.80% | 2.63% |
| NVDANvidia Corp | 7.77% | 2.50% | 5.27% |
| AMZNAmazon.Com Inc | 3.79% | 3.50% | 0.29% |
| METAMeta Platforms Inc | 2.23% | 4.50% | 2.27% |
| AVGOBroadcom Inc | 2.49% | 3.50% | 1.01% |
| JNJJohnson & Johnson - Common | 1.03% | 4.50% | 3.47% |
| TMOThermo Fisherscientific Inc. | 0.68% | 4.40% | 3.72% |
| VVisa Inc Class A | 1.91% | 2.90% | 0.99% |
| LRCXLam Research Corp | 0.65% | 3.50% | 2.85% |
76.7% of QLTY 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 QLTY?
ACIO has an expense ratio of 0.79% while QLTY charges 0.50%. QLTY is the cheaper option, by $29 a year on a $10,000 investment.
Which performed better, ACIO or QLTY?
Over the past year ACIO returned +9.12% vs +19.88% for QLTY, so QLTY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ACIO or QLTY?
QLTY has been the more volatile fund at 11.9% annualized versus 8.8% for ACIO. Worst drawdown: ACIO -12.1% vs QLTY -17.0%.
Should I hold both ACIO and QLTY?
ACIO and QLTY 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.
What is the holdings overlap between ACIO and QLTY?
76.7% of QLTY's money is in holdings ACIO also owns. 76.7% of QLTY's is in holdings ACIO also owns. They hold 28 positions in common, counted across the 165 positions we hold weights for in ACIO and 44 in QLTY.
Which pays a higher dividend, ACIO or QLTY?
ACIO yields 0.37% while QLTY yields 0.70%, so QLTY currently pays the higher dividend yield.
Is QLTY better than ACIO?
QLTY has a lower expense ratio. QLTY led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.93. ACIO is less concentrated, with 40.4% of the fund in its ten largest positions against 44.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.