Data as of Nov 4, 2026.
ACIO vs QBER: Correlation to the S&P 500
Over the year to Nov 4, 2026, QBER moved less with the S&P 500 than ACIO: correlation −0.71 against +0.99.
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Net assets on Jul 31, 2026: $2.4bn for Aptus Collared Investment Opportunity ETF and $73m for TrueShares Quarterly Bear Hedge ETF.
ACIO in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, ACIO −0.90%.
QBER in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, QBER +0.17%.
Pair scorecard
Both cost 0.79% a year; their one-year returns differ by 7.1 points; ACIO is far larger, $2.4bn against $73m.
| Measure | ACIO | QBER |
|---|---|---|
| Return | ||
| Total return, 1 year | +7.1% | 0.0% |
| Against its benchmark | ||
| Treasury bills, 52 weeks | +3.7% | |
| Cost and size | ||
| Expense ratio | 0.79% | 0.79% |
| Net assets, as of Jul 31, 2026 | $2.4bn | $73m |
| Holdings | ||
| Holdings in common | not published | |
| Risk | ||
| Beta to the S&P 500 | +0.79: about 0.79% for each 1% | −0.12: about 0.12% for each 1% |
| Its average week when the S&P 500 fell | fell 0.90% | rose 0.17% |
How much it diversifies a stock portfolio, ranked against 22 equity hedged alternatives ETFs with a full year. 100 is best. How it is computed
One year of weekly moves against the S&P 500, within one strategy; it ignores what the fund returned. All alternatives ETFs ranked by it →
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | ACIO | QBER | ACIO | QBER |
| 3 months | −1.2% | 0.0% | −1.1 pts vs VOO | not measured |
| 6 months | +1.9% | +0.2% | −3.1 pts vs VOO | not measured |
| 1 year | +7.1% | 0.0% | −7.7 pts vs VOO | not measured |
| 3 years | +52.4% | – | −30.9 pts vs VOO | – |
| Since launchNot the same days: ACIO Jul 2019 · QBER Jul 2024 | +98.5% | −0.2% | −87.7 pts vs VOO | not measured |
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Side by side
As of Nov 4, 2026. Source: ETFIQ.
One strategy, two funds
ACIO and QBER both run a hedged equity strategy. Over the same 52 weeks to Nov 4, 2026, ACIO’s weekly returns had a correlation of +0.99 with the S&P 500 and QBER’s −0.71. In the 26 weeks the index fell, by 1.07% a week on average, ACIO averaged −0.90% and QBER +0.17%. Over the same weeks, ACIO finished 3.3 percentage points ahead of cash and QBER finished 3.8 points behind cash.
ACIO
ACIO is a hedged equity fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Nov 4, 2026, its weekly returns had a correlation of +0.99 with the S&P 500’s and a beta of +0.79, so for each 1% the index moved it moved about 0.79% the same way. The S&P 500 fell in 26 of those 52 weeks, by 1.07% on average. In the same weeks ACIO fell 0.90% on average, a down-week capture of 84.3%. Over the same 52 weeks ACIO returned +6.9% and a Treasury bill fund +3.7%, so it finished 3.3 percentage points ahead of cash.
QBER
QBER is a hedged equity fund. Over the year to Nov 4, 2026, its weekly returns had a correlation of −0.71 with the S&P 500’s and a beta of −0.12, so for each 1% the index moved it moved about 0.12% the other way. In the same weeks QBER rose 0.17% on average, a down-week capture of −15.4%. Over the same 52 weeks QBER returned −0.1% and a Treasury bill fund +3.7%, so it finished 3.8 percentage points behind cash.
Questions people ask
- Which moved less with the S&P 500, ACIO or QBER?
- Over the 52 weeks to Nov 4, 2026, ACIO’s weekly returns had a correlation of +0.99 with the S&P 500 and QBER’s −0.71, so QBER moved less with the index.
- Which did better when the S&P 500 fell, ACIO or QBER?
- In the 26 weeks the S&P 500 fell, by 1.07% a week on average, ACIO averaged −0.90% and QBER +0.17%, so QBER returned more in those weeks.
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How this is computed
It is a place in a set, not a rating or a recommendation.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, ACIO against QBER, data as of Nov 4, 2026. https://etfiq.com/compare/alternatives/acio-vs-qber
ETFIQ. (Nov 4, 2026). ACIO against QBER. Retrieved from https://etfiq.com/compare/alternatives/acio-vs-qber
[ACIO against QBER (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/alternatives/acio-vs-qber)
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