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AMAX vs FCEF

Adaptive Hedged Multi-Asset Income ETF vs First Trust Income Opportunity ETF

AMAX

Adaptive Hedged Multi-Asset Income ETF

Adaptive ETF

Annual cost

1.36%

Fund size

$60M

FCEF

First Trust Income Opportunity ETF

First Trust

Annual cost

3.69%

Fund size

$75M

Key differences

  • AMAX costs 2.33% less per year.
  • AMAX is classified as alternative, while FCEF is mixed asset — different risk/return profiles.
  • AMAX follows a option income strategy; FCEF uses active selection.
  • Over the last 3 years, FCEF has delivered higher annualized returns.
  • AMAX has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

AMAXFCEF
Annual cost (TER)1.36%3.69%
Fund size (AUM)$60M$75M
Since20092016
Dividend yield10.63%6.24%
Asset classalternativemixed asset
Region
Strategyoption incomeactive selection
CAGR 1Y+12.5%+19.6%
CAGR 3Y+9.4%+16.4%
CAGR 5YN/A+6.8%
Sharpe 3Y0.601.22
Volatility 1Y10.01%7.86%
Max drawdown-16.25%-44.81%

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

Similar to AMAX and FCEF