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AMAX vs CDX

Adaptive Hedged Multi-Asset Income ETF vs Simplify High Yield ETF

AMAX

Adaptive Hedged Multi-Asset Income ETF

Adaptive ETF

Annual cost

1.36%

Fund size

$60M

CDX

Simplify High Yield ETF

Simplify Asset Management

Annual cost

0.25%

Fund size

$440M

Key differences

  • CDX costs 1.11% less per year.
  • CDX is significantly larger than AMAX — larger funds tend to be more liquid and less likely to close.
  • AMAX follows a option income strategy; CDX uses multi strategy.
  • Over the last 3 years, AMAX has delivered higher annualized returns.
  • AMAX has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

AMAXCDX
Annual cost (TER)1.36%0.25%
Fund size (AUM)$60M$440M
Since20092022
Dividend yield10.63%8.37%
Asset classalternativealternative
Regionnorth america
Strategyoption incomemulti strategy
CAGR 1Y+11.8%-0.3%
CAGR 3Y+9.4%+7.8%
CAGR 5YN/AN/A
Sharpe 3Y0.590.42
Volatility 1Y9.98%5.69%
Max drawdown-16.25%-13.24%

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

Similar to AMAX and CDX