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AMAX vs CWS

Adaptive Hedged Multi-Asset Income ETF vs AdvisorShares Focused Equity ETF

AMAX

Adaptive Hedged Multi-Asset Income ETF

Annual cost

1.36%

Fund size

$64M

CWS

AdvisorShares Focused Equity ETF

Annual cost

0.65%

Fund size

$133M

Key differences

AMAX is an alternative ETF, while CWS is an equity ETF. AMAX charges 1.36% a year and CWS 0.65%.

  • AMAX is an alternative fund, while CWS is an equity fund. They carry different risk/return profiles.
  • AMAX follows a option income strategy; CWS uses active selection.
  • CWS costs 0.71% less per year.
  • Over the last three years, CWS has delivered higher annualized returns.
  • AMAX has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

AMAXCWS
Annual cost (TER)1.36%0.65%
Fund size (AUM)$64M$133M
Since20092016
Dividend yield10.96%0.31%
Asset classalternativeequity
Regionnorth america
Strategyoption incomeactive selection
CAGR 1Y+9.1%-0.3%
CAGR 3Y+8.5%+11.4%
CAGR 5YN/A+8.4%
Sharpe 3Y0.500.58
Volatility 1Y10.26%13.33%
Max drawdown-16.25%-33.82%

Beyond the comparison: Beacon helps you build, track, and project a portfolio with the ETFs you pick.

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