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AMAX vs GAL

Adaptive Hedged Multi-Asset Income ETF vs State Street Global Allocation ETF

AMAX

Adaptive Hedged Multi-Asset Income ETF

Adaptive ETF

Annual cost

1.36%

Fund size

$60M

GAL

State Street Global Allocation ETF

State Street Investment Management

Annual cost

0.35%

Fund size

$307M

Key differences

  • GAL costs 1.01% less per year.
  • GAL is significantly larger than AMAX — larger funds tend to be more liquid and less likely to close.
  • AMAX follows a option income strategy; GAL uses tactical allocation.
  • Over the last 3 years, GAL has delivered higher annualized returns.

Side-by-side comparison

AMAXGAL
Annual cost (TER)1.36%0.35%
Fund size (AUM)$60M$307M
Since20092012
Dividend yield10.63%3.18%
Asset classalternativealternative
Region
Strategyoption incometactical allocation
CAGR 1Y+11.8%+20.4%
CAGR 3Y+9.4%+13.9%
CAGR 5YN/A+7.2%
Sharpe 3Y0.591.04
Volatility 1Y9.98%8.71%
Max drawdown-16.25%-28.31%

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

Similar to AMAX and GAL