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AMAX vs HYGH

Adaptive Hedged Multi-Asset Income ETF vs iShares Interest Rate Hedged High Yield Bond ETF

AMAX

Adaptive Hedged Multi-Asset Income ETF

Adaptive ETF

Annual cost

1.36%

Fund size

$60M

HYGH

iShares Interest Rate Hedged High Yield Bond ETF

iShares

Annual cost

0.52%

Fund size

$485M

Key differences

  • HYGH costs 0.84% less per year.
  • HYGH is significantly larger than AMAX — larger funds tend to be more liquid and less likely to close.
  • AMAX is classified as alternative, while HYGH is fixed income — different risk/return profiles.
  • AMAX follows a option income strategy; HYGH uses index tracking.
  • Over the last 3 years, HYGH has delivered higher annualized returns.
  • AMAX has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

AMAXHYGH
Annual cost (TER)1.36%0.52%
Fund size (AUM)$60M$485M
Since20092014
Dividend yield10.63%6.69%
Asset classalternativefixed income
Regionnorth america
Strategyoption incomeindex tracking
CAGR 1Y+11.8%+8.4%
CAGR 3Y+9.4%+10.4%
CAGR 5YN/A+7.0%
Sharpe 3Y0.591.18
Volatility 1Y9.98%3.70%
Max drawdown-16.25%-23.88%

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

Similar to AMAX and HYGH