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AMAX vs RLY

Adaptive Hedged Multi-Asset Income ETF vs State Street Multi-Asset Real Return ETF

AMAX

Adaptive Hedged Multi-Asset Income ETF

Adaptive ETF

Annual cost

1.36%

Fund size

$60M

RLY

State Street Multi-Asset Real Return ETF

State Street Investment Management

Annual cost

0.50%

Fund size

$1.2B

Key differences

  • RLY costs 0.86% less per year.
  • RLY is significantly larger than AMAX — larger funds tend to be more liquid and less likely to close.
  • AMAX is classified as alternative, while RLY is mixed asset — different risk/return profiles.
  • AMAX follows a option income strategy; RLY uses active selection.
  • Over the last 3 years, RLY has delivered higher annualized returns.

Side-by-side comparison

AMAXRLY
Annual cost (TER)1.36%0.50%
Fund size (AUM)$60M$1.2B
Since20092012
Dividend yield10.63%2.84%
Asset classalternativemixed asset
Region
Strategyoption incomeactive selection
CAGR 1Y+11.8%+33.0%
CAGR 3Y+9.4%+14.7%
CAGR 5YN/A+10.7%
Sharpe 3Y0.590.95
Volatility 1Y9.98%10.12%
Max drawdown-16.25%-34.17%

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

Similar to AMAX and RLY