ADME
Aptus Drawdown Managed Equity ETF
ADME is actively managed to select large-cap U.S. stocks that exhibit positive fundamental and momentum characteristics combined with a downside hedge. Securities are generally equally weighted.
US
EQUITY
Active
MANAGEMENT STYLE
204.5 M
ASSETS UNDER MGMT
79 bp
EXPENSES
Fund Basics
| Fund sponsor | Aptus Capital Advisors |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 09, 2016 |
| Assets (mns) | $204 |
| Expense ratio | 79 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NVIDIA CORP | 7.0 % |
| APPLE INC | 6.9 % |
| MICROSOFT CORP | 6.2 % |
| AMAZON.COM INC | 3.8 % |
| ALPHABET INC. CLASS C | 3.7 % |
| META PLATFORMS INC | 2.4 % |
| SERVICENOW INC | 2.1 % |
| JPMORGAN CHASE & CO | 2.0 % |
| BROADCOM INC. | 2.0 % |
| STRYKER CORP | 1.8 % |
Constituent Breakdown
| Number of holdings | 76 |
| Herfindahl-Hirschman Index | 253 |
| Wgt avg mkt cap (mns) | $904,945 |
| Large cap (>$10bn) | 100.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 95.9 % |
 |
IRELAND | 1.7 % |
 |
BRITAIN | 1.3 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 19.5% | 33.7% | 15.7% | 3.8% | -- | -- | 9.6% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.75 | 93% |
| MSCI EAFE | 0.62 | 66% |
| MSCI Emg Mkts | 0.47 | 36% |
Liquidity Measures
| Avg. volume (000) | 62 |
| Turnover | 1.4% |
| Avg. Bid/Ask (% of price) | 0.17% |
| ADV of underlying (mns) | $176,624 |
Technical Indicators
| Recent close | $46.82 |
| 30d moving avg. | $46.39 |
| Annualized volatility | 13.6% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.5% |
| Short interest (underlying) | 1.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ADME |
Expenses vs. ADME |
ALTAR Score™ vs. ADME |
|---|---|---|---|---|
| MGC | Vanguard Mega Cap ETF | 62.0% | -72 bp | +0.8% |
| IWL | iShares Russell Top 200 ETF | 61.8% | -64 bp | +0.7% |
| OEF | iShares S&P 100 ETF | 60.0% | -59 bp | +0.7% |
| QVML | Invesco S&P 500 QVM Multi-factor ETF | 58.0% | -68 bp | +0.8% |
| IVV | iShares Core S&P 500 ETF | 57.6% | -76 bp | +1.0% |
| VOO | Vanguard S&P 500 ETF | 57.6% | -76 bp | +1.0% |
| SPY | SPDR S&P 500 ETF Trust | 57.5% | -70 bp | +0.9% |
| SPLG | SPDR Portfolio S&P 500 ETF | 57.5% | -77 bp | +1.0% |
| XLG | Invesco S&P 500 Top 50 ETF | 57.3% | -59 bp | +0.5% |
| SPYX | SPDR S&P 500 Fossil Fuel Reserves Free ETF | 57.0% | -59 bp | +0.8% |
Risk and Returns: ADME vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/15/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
ADME
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
ADME
4.1%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. ADME's ALTAR Score™ is approximately
0.6 standard deviations
below
the category average. This places ADME in the 28th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ADMESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| ADME (79 bp) Percentile rank | 65 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ADME | 79.0 | 17.1 | 96.1 |
| Peer Avg. | 56.8 | 23.7 | 80.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .