ETF Evaluator:
Aptus International Enhanced Yield ETF ()
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(as of Nov 13)
Best Performing in Derivative Income - Diversified Over the Last Year
| 24.9% | Federated Hermes Enhanced Income ETF (PAYR) |
| 21.1% | Amplify COWS Covered Call ETF (HCOW) |
| 20.5% | Parametric Equity Premium Income ETF (PAPI) |
| 20.2% | First Trust Small Cp BuyWrt Inc ETF (FTKI) |
| 19.9% | Cullen Enhanced Equity Income ETF (DIVP) |
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ETF Details
Aptus International Enhanced Yield ETF Overview
Aptus International Enhanced Yield ETF (IDUB) is an actively managed Nontraditional Equity Derivative Income - Diversified exchange-traded fund (ETF). APTUS ETFs launched the ETF in 2021.
The investment seeks capital appreciation and current income.
The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its objective through a combination of equity securities and total return swaps. The fund invests primarily in a portfolio of other ETFs that invest in equity securities of non-U.S. (international) companies in developed and emerging markets throughout the world (the “Equity Strategy”), and invests the remainder of its assets in total return swaps (the “Total Return Swaps Strategy”).
About Aptus International Enhanced Yield ETF (IDUB)
There are 5 members of the management team with an average tenure of 5.28 years: John Gardner (2021), John Tyner (2021), Mark Callahan (2021), Brad Rapking (2021) and David Wagner (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: MSCI ACWI Ex USA NR USD index with a weighting of 100%. Aptus International Enhanced Yield ETF has 7 securities in its portfolio. The top 10 holdings constitute 202.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Aptus International Enhanced Yield ETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. Aptus International Enhanced Yield ETF has 93.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.8% There is 93.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.5% (0.5% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Aptus International Enhanced Yield ETF has -97.1% of the portfolio in cash.
Assets Under Management
The fund has $500 million in total assets, which is below the $1 billion average for the Derivative Income - Diversified category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
IDUB Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Aptus International Enhanced Yield ETF expense ratio is average compared to funds in the Derivative Income - Diversified category. Aptus International Enhanced Yield ETF has an expense ratio of 0.44%, which is 40% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Aptus International Enhanced Yield ETF has a portfolio turnover rate of 151%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 65% for the Derivative Income - Diversified category.
Recently, in the month of October 2026, Aptus International Enhanced Yield ETF returned -2.9%, which earned it a grade of D, as the Derivative Income - Diversified category had an average return of -2.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Aptus International Enhanced Yield ETF has a trailing yield of 1.73%, which is below the 6.26% category average.
The fund normally distributes its income quarterly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Aptus International Enhanced Yield ETF Grades
Year to date, the ETF has returned 13.0%, 4.1 percentage points better than the category, which translates into a grade of A. The fund has returned 16.7% over the past year (grade of A), 19.0% over the past three years (grade of B) and 5.8% per year over the past five years (grade of F).
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IDUB Trailing NAV Total Returns Data as of 10/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| IDUB Return (NAV) | -2.9% | -1.7% | 16.7% | 19.0% | 5.8% | na |
| IDUB Return (Price) | -3.1% | -1.8% | 16.4% | 19.1% | 5.8% | na |
| NAV +/- Price Return | 0.190% | 0.117% | 0.266% | -0.096% | 0.008% | na |
| Derivative Income - Diversified Avg | -2.0% | 0.9% | 10.1% | 16.5% | 8.1% | 8.1% |
| IDUB Grade (NAV) | D | F | A | B | F | na |
| +/- Category (NAV) | -0.9% | -2.6% | 6.6% | 2.5% | -2.3% | na |
| IDUB Tax-Cost Ratio | na | na | 0.6% | 1.6% | 1.4% | na |
IDUB Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| IDUB Return (NAV) | 13.0% | 27.8% | 5.6% | 9.2% | -19.6% | na | na | na | na | na | na |
| IDUB Return (Price) | 13.1% | 27.5% | 6.1% | 9.1% | -19.7% | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.010% | -0.012% | 0.087% | -0.018% | 0.008% | na | na | na | na | na | na |
| Derivative Income - Diversified Avg | 8.9% | 13.8% | 15.9% | 16.3% | -11.8% | 19.1% | 3.7% | 19.2% | -5.9% | 14.0% | 7.1% |
| IDUB Grade (NAV) | A | A | F | F | F | na | na | na | na | na | na |
| +/- Category | 4.1% | 14.0% | -10.3% | -7.0% | -7.7% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.58 |
| R-Squared: | 46% |
| Standard Deviation: | 10.8% |
| Category Risk Index: | 1.05 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 0.90 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 1.7% |
| Total Assets: | $ 501 Mil |
| Share Class Assets: | $ 501 Mil |
| Turnover: | 151.0% |
| Expense Ratio: | 0.44% |
| Index Fund: | No |
| Index Tracked: | MSCI ACWI Ex USA NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 5.3 years | |||
| Average Tenure: 5.3 years | |||
| Managers (Year): Gardner John (2021), Tyner John (2021), Callahan Mark (2021), Rapking Brad (2021), Wagner David (2021) | |||
Portfolio Composition (as of 10/30/26)
| # of Holdings: | 7 |
| % in Top 10 Holdings: | 202.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 93.5% |
Portfolio Allocation |
|
| Domestic Stock: | 0.8% |
| Foreign Stock: | 93.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.5% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 102.2% |
| Cash: | -97.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | APTUS ETFs |
| Phone Number: | 800-617-0004 |
| Website: | |
| Inception Date: | July 22, 2021 |
Expenses and Fees
| Expense Ratio (%): | 0.44% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.73% |
