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AMAX vs BINC

Adaptive Hedged Multi-Asset Income ETF vs iShares Flexible Income Active ETF

AMAX

Adaptive Hedged Multi-Asset Income ETF

Adaptive ETF

Annual cost

1.36%

Fund size

$60M

BINC

iShares Flexible Income Active ETF

iShares

Annual cost

0.40%

Fund size

$16.9B

Key differences

  • BINC costs 0.96% less per year.
  • BINC is significantly larger than AMAX — larger funds tend to be more liquid and less likely to close.
  • AMAX is classified as alternative, while BINC is fixed income — different risk/return profiles.
  • AMAX follows a option income strategy; BINC uses active selection.
  • AMAX has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

AMAXBINC
Annual cost (TER)1.36%0.40%
Fund size (AUM)$60M$16.9B
Since20092023
Dividend yield10.63%5.60%
Asset classalternativefixed income
Regionnorth america
Strategyoption incomeactive selection
CAGR 1Y+11.8%+6.3%
CAGR 3Y+9.4%N/A
CAGR 5YN/AN/A
Sharpe 3Y0.59N/A
Volatility 1Y9.98%2.29%
Max drawdown-16.25%-2.69%

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

Similar to AMAX and BINC