DUBS
Aptus Large Cap Enhanced Yield ETF
DUBS is an actively managed portfolio, providing exposure to US large-cap equities combined with an equity-linked note strategy. The objective of the fund is to provide enhanced yield.
Exposure
DERIVATIVES
Active
MANAGEMENT STYLE
228.2 M
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Fund sponsor | Aptus Holdings LLC |
| Category | Exposure |
| Asset class | Derivatives |
| Website | link... |
| Inception date | Jun 14, 2023 |
| Assets (mns) | $228 |
| Expense ratio | 39 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| NVIDIA CORP | 7.1 % |
| MICROSOFT CORP | 7.0 % |
| APPLE INC | 6.0 % |
| BNY MELLON US LARGE CAP CORE EQUITY ETF | 4.7 % |
| AMAZON.COM INC | 3.9 % |
| ALPHABET INC | 3.5 % |
| META PLATFORMS INC | 3.0 % |
| CASH & OTHER | 2.4 % |
| BROADCOM INC | 2.3 % |
| TESLA INC | 1.8 % |
Asset Allocation
Historical Performance
Standardized Performance (as of 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 0.1% | 9.5% | -- | -- | -- | -- | -- | 14.0% |
| Dividend Yield | 0.0% | 0.7% | -- | -- | -- | -- | -- | 1.4% |
| Total Returns | 0.1% | 10.2% | -- | -- | -- | -- | -- | 15.4% | Ann. Volatility | 25.8% | 19.2% | -- | -- | -- | -- | -- | 15.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.91 | 99% |
| MSCI EAFE | 0.47 | 30% |
| MSCI Emg Mkts | 0.34 | 11% |
Liquidity Measures
| Avg. volume (000) | 37 |
| ADV traded (mns) | $1 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.27% |
Technical Indicators
| Recent close | $32.96 |
| 30d moving avg. | $32.36 |
| Annualized volatility | 12.6% |
| Relative strength (RSI) | 55 |
| Short interest | 0.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active Exposure Derivatives ETFs |
| # of ETFs | 10 |
| Avg. Expense Ratio | 134.3 bp |
| Std. Deviation | 111.4 bp |
| DUBS (39 bp) Percentile rank | 21 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DUBS | 39.0 | 27.4 | 66.4 |
| Peer Avg. | 108.5 | 53.0 | 161.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .