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AMAX vs MSMR

Adaptive Hedged Multi-Asset Income ETF vs McElhenny Sheffield Managed Risk ETF

AMAX

Adaptive Hedged Multi-Asset Income ETF

Adaptive ETF

Annual cost

1.36%

Fund size

$60M

MSMR

McElhenny Sheffield Managed Risk ETF

MSCM Funds

Annual cost

1.06%

Fund size

$166M

Key differences

  • MSMR costs 0.30% less per year.
  • AMAX is classified as alternative, while MSMR is equity — different risk/return profiles.
  • AMAX follows a option income strategy; MSMR uses active selection.
  • Over the last 3 years, MSMR has delivered higher annualized returns.
  • AMAX has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

AMAXMSMR
Annual cost (TER)1.36%1.06%
Fund size (AUM)$60M$166M
Since20092021
Dividend yield10.63%1.88%
Asset classalternativeequity
Regionnorth america
Strategyoption incomeactive selection
CAGR 1Y+11.8%+25.9%
CAGR 3Y+9.4%+20.5%
CAGR 5YN/AN/A
Sharpe 3Y0.591.40
Volatility 1Y9.98%12.03%
Max drawdown-16.25%-14.86%

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

Similar to AMAX and MSMR