Skip to content
Beacon
Screener

AMAX vs HECA

Adaptive Hedged Multi-Asset Income ETF vs Hedgeye Capital Allocation ETF

AMAX

Adaptive Hedged Multi-Asset Income ETF

Adaptive ETF

Annual cost

1.36%

Fund size

$60M

HECA

Hedgeye Capital Allocation ETF

Hedgeye Asset Management, LLC

Annual cost

1.30%

Fund size

$378M

Key differences

  • HECA costs 0.06% less per year.
  • HECA is significantly larger than AMAX — larger funds tend to be more liquid and less likely to close.
  • AMAX follows a option income strategy; HECA uses multi strategy.
  • AMAX has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

AMAXHECA
Annual cost (TER)1.36%1.30%
Fund size (AUM)$60M$378M
Since20092025
Dividend yield10.63%
Asset classalternativealternative
Region
Strategyoption incomemulti strategy
CAGR 1Y+11.8%N/A
CAGR 3Y+9.4%N/A
CAGR 5YN/AN/A
Sharpe 3Y0.59N/A
Volatility 1Y9.98%
Max drawdown-16.25%-11.81%

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

Similar to AMAX and HECA