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AMAX vs YEAR

Adaptive Hedged Multi-Asset Income ETF vs AB Ultra Short Income ETF

AMAX

Adaptive Hedged Multi-Asset Income ETF

Adaptive ETF

Annual cost

1.36%

Fund size

$60M

YEAR

AB Ultra Short Income ETF

AllianceBernstein

Annual cost

0.25%

Fund size

$1.5B

Key differences

  • YEAR costs 1.11% less per year.
  • YEAR is significantly larger than AMAX — larger funds tend to be more liquid and less likely to close.
  • AMAX is classified as alternative, while YEAR is fixed income — different risk/return profiles.
  • AMAX follows a option income strategy; YEAR 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

AMAXYEAR
Annual cost (TER)1.36%0.25%
Fund size (AUM)$60M$1.5B
Since20092022
Dividend yield10.63%4.21%
Asset classalternativefixed income
Region
Strategyoption incomeactive selection
CAGR 1Y+11.8%+4.0%
CAGR 3Y+9.4%+5.0%
CAGR 5YN/AN/A
Sharpe 3Y0.591.27
Volatility 1Y9.98%0.77%
Max drawdown-16.25%-0.79%

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

Similar to AMAX and YEAR