Aptus International Enhanced Yield ETF

IDUB

Market cap $484M

Aptus International Enhanced Yield ETF (IDUB) offers a 5% yield from international equity ETFs and derivative strategies embedded in swap contracts. IDUB has underperformed an international equity benchmark and a number of derivative income ETFs by a wide margin since its inception. The track record of IDUB is underwhelming for now, despite impressive distribution growth.

The Aptus International Enhanced Yield ETF (IDUB) offers a reasonable expense ratio of 0.44% and aims for both price appreciation and income through dividends and options premiums. Despite a 5.3% trailing yield, IDUB has underperformed in price returns, relying heavily on dividends and options strategies for total returns. IDUB's exposure to emerging markets like China, India, and Brazil is not well-balanced, which problem is further compounded by the weak growth projections for ex-US developed markets.