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AMAX vs FDHY

Adaptive Hedged Multi-Asset Income ETF vs Fidelity Enhanced High Yield ETF

AMAX

Adaptive Hedged Multi-Asset Income ETF

Adaptive ETF

Annual cost

1.36%

Fund size

$60M

FDHY

Fidelity Enhanced High Yield ETF

Fidelity Investments

Annual cost

0.35%

Fund size

$497M

Key differences

  • FDHY costs 1.01% less per year.
  • FDHY is significantly larger than AMAX — larger funds tend to be more liquid and less likely to close.
  • AMAX is classified as alternative, while FDHY is fixed income — different risk/return profiles.
  • AMAX follows a option income strategy; FDHY uses index tracking.
  • AMAX has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

AMAXFDHY
Annual cost (TER)1.36%0.35%
Fund size (AUM)$60M$497M
Since20092018
Dividend yield10.63%6.54%
Asset classalternativefixed income
Region
Strategyoption incomeindex tracking
CAGR 1Y+11.8%+9.3%
CAGR 3Y+9.4%+8.9%
CAGR 5YN/A+4.0%
Sharpe 3Y0.591.01
Volatility 1Y9.98%3.76%
Max drawdown-16.25%-20.01%

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

Similar to AMAX and FDHY