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AMAX vs CGSM

Adaptive Hedged Multi-Asset Income ETF vs Capital Group Short Duration Municipal Income ETF

AMAX

Adaptive Hedged Multi-Asset Income ETF

Adaptive ETF

Annual cost

1.36%

Fund size

$60M

CGSM

Capital Group Short Duration Municipal Income ETF

Capital Group

Annual cost

0.25%

Fund size

$1.1B

Key differences

  • CGSM costs 1.11% less per year.
  • CGSM is significantly larger than AMAX — larger funds tend to be more liquid and less likely to close.
  • AMAX is classified as alternative, while CGSM is fixed income — different risk/return profiles.
  • AMAX follows a option income strategy; CGSM uses index tracking.
  • AMAX has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

AMAXCGSM
Annual cost (TER)1.36%0.25%
Fund size (AUM)$60M$1.1B
Since20092023
Dividend yield10.63%3.04%
Asset classalternativefixed income
Regionnorth america
Strategyoption incomeindex tracking
CAGR 1Y+11.8%+4.5%
CAGR 3Y+9.4%N/A
CAGR 5YN/AN/A
Sharpe 3Y0.59N/A
Volatility 1Y9.98%1.33%
Max drawdown-16.25%-1.42%

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

Similar to AMAX and CGSM