ACIO vs SCHX
Aptus Collared Investment Opportunity ETF vs Schwab US Large-Cap ETF
Which is better, ACIO or SCHX?
SCHX has been ahead.
SCHX has a lower expense ratio. SCHX led over 1Y, 3Y, 5Y and the full window. SCHX is less concentrated, with 36.5% of the fund in its ten largest positions against 40.4%.
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 | SCHX |
|---|---|---|
| Expense Ratio | 0.79% | 0.03%Best |
| AUM | $2.4B | $74.0B |
| Dividend Yield | 0.37% | 1.00% |
| Holdings | 524 | 752 |
| YTD Return | +9.08% | +14.50%Best |
| 1Y Return | +9.87% | +17.91%Best |
| 3Y Return (annualized) | +16.26% | +23.22%Best |
| 5Y Return (annualized) | +10.31% | +13.33%Best |
| Volatility (annualized) | 10.0%Best | 16.6% |
| Max Drawdown | -14.9%Best | -34.3% |
| $10,000 over 5 years | $16,333 | $18,695Best |
| Top 10 Weight | 40.4% | 36.5%Best |
| Fund Family | Aptus ETFs | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jul 9, 2019 | Nov 3, 2009 |
Volatility and max drawdown are measured over the window both funds cover: Jul 10, 2019 to Oct 12, 2026 (7.3 years).
ACIO vs SCHX 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 SCHX Performance
Aptus Collared Investment Opportunity ETF (ACIO) is an ETF from Aptus ETFs and Schwab US Large-Cap ETF (SCHX) is an ETF from Charles Schwab Asset Management. Over the past year ACIO returned +9.87% while SCHX returned +17.91%. Year to date, ACIO is up 9.08% versus a gain of 14.50% for SCHX.
Over three years, ACIO compounded at +16.26% per year against +23.22% for SCHX; over five years the annualized figures are +10.31% and +13.33% respectively. Across the full 7-year window we track, SCHX has the edge at +15.11% annualized vs +9.80%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHX has been the more volatile fund, with annualized monthly volatility of 16.6% 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 -34.3% for SCHX. 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 SCHX charges 0.03%. On a $10,000 position that is $79 vs $3 annually, a gap of $76 per year that compounds over a long holding period. On income, ACIO currently yields 0.37% against 1.00% for SCHX.
Holdings Overlap
98.6% of ACIO's money is in holdings SCHX also owns. 73.7% of SCHX's money is in holdings ACIO also owns.
Most of ACIO is already inside SCHX. Owning both mostly buys the same companies twice.
161 positions in common, counted across the 165 positions we hold weights for in ACIO and 747 in SCHX, against full books of 524 and 752.
What only one of them owns
Our book lists 557 positions for SCHX that do not appear in our book for ACIO (25.6% of the fund), and 3 for ACIO that do not appear in SCHX (0.9%).
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 SCHX | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.77% | 7.65% | 0.12% |
| AAPLApple, Inc | 7.43% | 7.06% | 0.37% |
| MSFTMicrosoft Corp | 5.75% | 5.32% | 0.43% |
| GOOGAlphabet Inc. C | 5.60% | 2.29% | 3.31% |
| AMZNAmazon.Com Inc | 3.79% | 3.64% | 0.15% |
| AVGOBroadcom Inc | 2.49% | 2.48% | 0.01% |
| METAMeta Platforms Inc | 2.23% | 2.06% | 0.17% |
| MUMicron Technology, Inc. | 1.63% | 1.59% | 0.04% |
| JPMJpmorgan Chase | 1.77% | 1.38% | 0.39% |
| TSLATesla Inc | 1.55% | 1.49% | 0.06% |
98.6% of ACIO is already inside SCHX.
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 SCHX?
ACIO has an expense ratio of 0.79% while SCHX charges 0.03%. SCHX is the cheaper option, by $76 a year on a $10,000 investment.
Which performed better, ACIO or SCHX?
Over the past year ACIO returned +9.87% vs +17.91% for SCHX, so SCHX leads on 1-year performance. Over the longest common window we track (7 years), ACIO annualized +9.80% vs +15.11% for SCHX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ACIO or SCHX?
SCHX has been the more volatile fund at 16.6% annualized versus 10.0% for ACIO. Worst drawdown: ACIO -14.9% vs SCHX -34.3%.
Should I hold both ACIO and SCHX?
ACIO and SCHX 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 SCHX?
98.6% of ACIO's money is in holdings SCHX also owns. 73.7% of SCHX's is in holdings ACIO also owns. They hold 161 positions in common, counted across the 165 positions we hold weights for in ACIO and 747 in SCHX.
Which pays a higher dividend, ACIO or SCHX?
ACIO yields 0.37% while SCHX yields 1.00%, so SCHX currently pays the higher dividend yield.
Is SCHX better than ACIO?
SCHX has a lower expense ratio. SCHX led over 1Y, 3Y, 5Y and the full window. SCHX is less concentrated, with 36.5% of the fund in its ten largest positions against 40.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.