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AMAX vs AOR

Adaptive Hedged Multi-Asset Income ETF vs iShares Core 60/40 Balanced Allocation ETF

AMAX

Adaptive Hedged Multi-Asset Income ETF

Adaptive ETF

Annual cost

1.36%

Fund size

$60M

AOR

iShares Core 60/40 Balanced Allocation ETF

iShares

Annual cost

0.15%

Fund size

$3.5B

Key differences

  • AOR costs 1.21% less per year.
  • AOR is significantly larger than AMAX — larger funds tend to be more liquid and less likely to close.
  • AMAX is classified as alternative, while AOR is mixed asset — different risk/return profiles.
  • AMAX follows a option income strategy; AOR uses active selection.
  • Over the last 3 years, AOR has delivered higher annualized returns.

Side-by-side comparison

AMAXAOR
Annual cost (TER)1.36%0.15%
Fund size (AUM)$60M$3.5B
Since20092008
Dividend yield10.63%2.53%
Asset classalternativemixed asset
Region
Strategyoption incomeactive selection
CAGR 1Y+11.8%+19.8%
CAGR 3Y+9.4%+14.4%
CAGR 5YN/A+7.1%
Sharpe 3Y0.591.11
Volatility 1Y9.98%8.47%
Max drawdown-16.25%-22.95%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to AMAX and AOR