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AMAX vs CGHM

Adaptive Hedged Multi-Asset Income ETF vs Capital Group Municipal High-Income ETF

AMAX

Adaptive Hedged Multi-Asset Income ETF

Adaptive ETF

Annual cost

1.36%

Fund size

$60M

CGHM

Capital Group Municipal High-Income ETF

Capital Group

Annual cost

0.34%

Fund size

$2.9B

Key differences

  • CGHM costs 1.02% less per year.
  • CGHM is significantly larger than AMAX — larger funds tend to be more liquid and less likely to close.
  • AMAX is classified as alternative, while CGHM is fixed income — different risk/return profiles.
  • AMAX follows a option income strategy; CGHM uses index tracking.
  • AMAX has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

AMAXCGHM
Annual cost (TER)1.36%0.34%
Fund size (AUM)$60M$2.9B
Since20092024
Dividend yield10.63%3.80%
Asset classalternativefixed income
Regionnorth america
Strategyoption incomeindex tracking
CAGR 1Y+11.8%+8.0%
CAGR 3Y+9.4%N/A
CAGR 5YN/AN/A
Sharpe 3Y0.59N/A
Volatility 1Y9.98%3.11%
Max drawdown-16.25%-5.90%

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

Similar to AMAX and CGHM