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AMAX vs CGBL

Adaptive Hedged Multi-Asset Income ETF vs Capital Group Core Balanced ETF

AMAX

Adaptive Hedged Multi-Asset Income ETF

Adaptive ETF

Annual cost

1.36%

Fund size

$60M

CGBL

Capital Group Core Balanced ETF

Capital Group

Annual cost

0.33%

Fund size

$6.1B

Key differences

  • CGBL costs 1.03% less per year.
  • CGBL is significantly larger than AMAX — larger funds tend to be more liquid and less likely to close.
  • AMAX is classified as alternative, while CGBL is mixed asset — different risk/return profiles.
  • AMAX follows a option income strategy; CGBL uses active selection.
  • AMAX has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

AMAXCGBL
Annual cost (TER)1.36%0.33%
Fund size (AUM)$60M$6.1B
Since20092023
Dividend yield10.63%1.92%
Asset classalternativemixed asset
Region
Strategyoption incomeactive selection
CAGR 1Y+11.8%+19.6%
CAGR 3Y+9.4%N/A
CAGR 5YN/AN/A
Sharpe 3Y0.59N/A
Volatility 1Y9.98%9.65%
Max drawdown-16.25%-11.66%

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

Similar to AMAX and CGBL