ACIO vs. USMV ETF Comparison

Comparison of Aptus Collared Income Opportunity ETF (ACIO) to iShares MSCI USA Minimum Volatility ETF (USMV)

ACIO

Aptus Collared Income Opportunity ETF

ACIO Description

The investment seeks current income and capital appreciation. The fund is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective principally by investing in a portfolio of large capitalization U.S.-listed equity securities and an options collar (i.e., a mix of written (sold) call options and long (bought) put options) on the same underlying equity securities. It may write call options on up to 100% of each equity position held in the portfolio and will use a portion of the premium received from writing such call options to purchase put options. It is non-diversified.

Grade (RS Rating)

Last Trade

$40.68

Average Daily Volume

177,408

Number of Holdings ^*

* may have additional holdings in another (foreign) market

USMV

iShares MSCI USA Minimum Volatility ETF

USMV Description

The investment seeks the investment results of an index composed of U.S. equities that, in the aggregate, have lower volatility characteristics relative to the broader U.S. equity market. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. The underlying index follows a rules-based methodology to determine weights for securities in the index that seeks to minimize total risk of the MSCI USA Index. Components primarily include consumer staples, healthcare and information technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$93.46

Average Daily Volume

1,630,912

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	ACIO	USMV
30 Days	1.67%	1.70%
60 Days	2.81%	2.42%
90 Days	3.89%	4.02%
12 Months	26.46%	25.63%

41 Overlapping Holdings

Symbol	Grade	Weight in ACIO	Weight in USMV	Overlap
AAPL	C	6.96%	0.99%	0.99%
ABBV	D	0.64%	1.04%	0.64%
ABT	B	0.79%	0.09%	0.09%
ACN	C	1.13%	1.29%	1.13%
ADI	D	0.84%	0.23%	0.23%
ADP	B	0.31%	0.09%	0.09%
AMGN	D	0.35%	0.59%	0.35%
AMZN	C	3.8%	0.14%	0.14%
AVGO	D	1.93%	1.19%	1.19%
BMY	B	0.71%	0.49%	0.49%
BR	A	0.41%	0.05%	0.05%
BRK.A	B	1.73%	1.55%	1.55%
CMCSA	B	0.39%	0.39%	0.39%
DUK	C	0.64%	1.49%	0.64%
EOG	A	0.49%	0.17%	0.17%
FANG	D	0.74%	0.55%	0.55%
FI	A	1.1%	0.69%	0.69%
GOOG	C	3.78%	0.16%	0.16%
HON	B	0.92%	0.25%	0.25%
ICE	C	0.7%	0.28%	0.28%
JNJ	D	1.02%	1.18%	1.02%
KO	D	1.12%	0.1%	0.1%
LIN	D	1.3%	0.16%	0.16%
LLY	F	1.2%	1.25%	1.2%
LMT	D	1.6%	0.82%	0.82%
MCD	D	0.98%	1.25%	0.98%
MMC	B	0.89%	1.11%	0.89%
MSFT	F	6.16%	1.34%	1.34%
MSI	B	0.9%	1.81%	0.9%
NOW	A	2.05%	0.75%	0.75%
NVDA	C	7.18%	0.67%	0.67%
PG	A	1.11%	1.23%	1.11%
PGR	A	1.66%	1.67%	1.66%
SO	D	1.02%	1.35%	1.02%
TJX	A	0.87%	0.45%	0.45%
TMUS	B	1.22%	1.95%	1.22%
UNH	C	1.26%	1.34%	1.26%
V	A	1.8%	0.9%	0.9%
VRTX	F	0.45%	0.69%	0.45%
WMT	A	1.2%	1.78%	1.2%
XOM	B	1.85%	0.45%	0.45%

ACIO Overweight 35 Positions Relative to USMV

Symbol	Grade	Weight
META	D	2.47%
JPM	A	1.98%
TSLA	B	1.91%
SYK	C	1.81%
CAT	B	1.71%
AMAT	F	1.32%
NFLX	A	1.31%
BLK	C	1.22%
LOW	D	1.2%
MS	A	1.14%
MAR	B	1.11%
ISRG	A	1.04%
TMO	F	1.03%
COST	B	1.02%
BAC	A	1.02%
INTU	C	1.01%
CSX	B	1.0%
CTAS	B	0.96%
AMT	D	0.82%
PHM	D	0.8%
DLR	B	0.7%
NEE	D	0.69%
MKC	D	0.68%
C	A	0.61%
MO	A	0.61%
ETN	A	0.61%
TYL	B	0.6%
DE	A	0.58%
PSA	D	0.47%
ADBE	C	0.46%
AMD	F	0.45%
HCA	F	0.45%
SHW	A	0.42%
FCX	D	0.36%
SLB	C	0.25%

ACIO Underweight 129 Positions Relative to USMV

Symbol	Grade	Weight
IBM	C	-1.66%
WCN	A	-1.56%
RSG	A	-1.55%
CSCO	B	-1.47%
CB	C	-1.47%
APH	A	-1.44%
WM	A	-1.44%
NOC	D	-1.43%
TXN	C	-1.39%
VZ	C	-1.35%
MCK	B	-1.35%
ORCL	B	-1.31%
ROP	B	-1.3%
AJG	B	-1.27%
TRV	B	-1.15%
ED	D	-1.13%
MRK	F	-1.01%
PEP	F	-1.01%
GDDY	A	-1.0%
AZO	C	-0.98%
GILD	C	-0.94%
EA	A	-0.89%
FCNCA	A	-0.88%
CBOE	B	-0.85%
K	A	-0.8%
WEC	A	-0.78%
CTSH	B	-0.76%
T	A	-0.74%
TSN	B	-0.71%
MA	C	-0.7%
ORLY	B	-0.68%
ACGL	D	-0.68%
COR	B	-0.67%
GIS	D	-0.66%
VRSN	F	-0.64%
KR	B	-0.61%
FICO	B	-0.59%
REGN	F	-0.59%
KDP	D	-0.59%
TDY	B	-0.57%
BDX	F	-0.56%
KEYS	A	-0.55%
FFIV	B	-0.55%
MPC	D	-0.54%
INCY	C	-0.53%
AON	A	-0.53%
CME	A	-0.53%
PTC	A	-0.52%
ELV	F	-0.52%
YUM	B	-0.5%
XEL	A	-0.46%
NEM	D	-0.46%
UBER	D	-0.45%
JNPR	F	-0.45%
MDLZ	F	-0.44%
WDAY	B	-0.43%
EG	C	-0.43%
ERIE	D	-0.42%
VRSK	A	-0.42%
CL	D	-0.41%
CHD	B	-0.4%
HUM	C	-0.4%
BAH	F	-0.39%
AEP	D	-0.39%
AKAM	D	-0.39%
KHC	F	-0.38%
WTW	B	-0.38%
CTVA	C	-0.38%
ROL	B	-0.36%
IT	C	-0.35%
AFG	A	-0.35%
GEN	B	-0.35%
CDW	F	-0.35%
CVX	A	-0.34%
MKL	A	-0.34%
GRMN	B	-0.33%
CPB	D	-0.33%
AIZ	A	-0.32%
NBIX	C	-0.32%
WMB	A	-0.31%
WRB	A	-0.31%
GLW	B	-0.31%
FWONK	B	-0.31%
HSY	F	-0.3%
HD	A	-0.3%
ANET	C	-0.29%
L	A	-0.28%
AEE	A	-0.24%
HUBS	A	-0.24%
D	C	-0.23%
AZPN	A	-0.23%
ALNY	D	-0.22%
NTAP	C	-0.22%
BMRN	D	-0.22%
HRL	D	-0.21%
CI	F	-0.21%
KMB	D	-0.21%
TW	A	-0.2%
DTE	C	-0.2%
PKG	A	-0.2%
PFE	D	-0.2%
DPZ	C	-0.19%
CRWD	B	-0.19%
CMS	C	-0.19%
CDNS	B	-0.18%
MELI	D	-0.18%
MOH	F	-0.18%
SNPS	B	-0.18%
HOLX	D	-0.16%
STX	D	-0.16%
UTHR	C	-0.14%
MDT	D	-0.13%
DELL	C	-0.12%
HIG	B	-0.12%
OXY	D	-0.12%
DGX	A	-0.11%
LNT	A	-0.1%
RTX	C	-0.09%
OTIS	C	-0.07%
TEL	B	-0.07%
ATO	A	-0.06%
PSX	C	-0.06%
FSLR	F	-0.06%
KNX	B	-0.06%
VLO	C	-0.05%
CRM	B	-0.05%
GD	F	-0.05%
ULTA	F	-0.04%
CVS	D	-0.04%