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AMAX vs YLD

Adaptive Hedged Multi-Asset Income ETF vs Principal Active High Yield ETF

AMAX

Adaptive Hedged Multi-Asset Income ETF

Adaptive ETF

Annual cost

1.36%

Fund size

$60M

YLD

Principal Active High Yield ETF

Principal Funds

Annual cost

0.39%

Fund size

$524M

Key differences

  • YLD costs 0.97% less per year.
  • YLD is significantly larger than AMAX — larger funds tend to be more liquid and less likely to close.
  • AMAX follows a option income strategy; YLD uses multi strategy.
  • AMAX has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

AMAXYLD
Annual cost (TER)1.36%0.39%
Fund size (AUM)$60M$524M
Since20092015
Dividend yield10.63%7.31%
Asset classalternativealternative
Regionglobal
Strategyoption incomemulti strategy
CAGR 1Y+11.8%+8.3%
CAGR 3Y+9.4%+8.9%
CAGR 5YN/A+5.0%
Sharpe 3Y0.590.90
Volatility 1Y9.98%4.32%
Max drawdown-16.25%-28.34%

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

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