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AMAX vs MUSI

Adaptive Hedged Multi-Asset Income ETF vs American Century Multisector Income ETF

AMAX

Adaptive Hedged Multi-Asset Income ETF

Adaptive ETF

Annual cost

1.36%

Fund size

$60M

MUSI

American Century Multisector Income ETF

American Century Investments

Annual cost

0.38%

Fund size

$214M

Key differences

  • MUSI costs 0.98% less per year.
  • MUSI is significantly larger than AMAX — larger funds tend to be more liquid and less likely to close.
  • AMAX is classified as alternative, while MUSI is fixed income — different risk/return profiles.
  • AMAX follows a option income strategy; MUSI uses active selection.
  • Over the last 3 years, AMAX has delivered higher annualized returns.
  • AMAX has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

AMAXMUSI
Annual cost (TER)1.36%0.38%
Fund size (AUM)$60M$214M
Since20092021
Dividend yield10.63%5.74%
Asset classalternativefixed income
Region
Strategyoption incomeactive selection
CAGR 1Y+11.8%+6.5%
CAGR 3Y+9.4%+6.0%
CAGR 5YN/AN/A
Sharpe 3Y0.590.51
Volatility 1Y9.98%3.35%
Max drawdown-16.25%-13.91%

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

Similar to AMAX and MUSI