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AMAX vs ZTOP

Adaptive Hedged Multi-Asset Income ETF vs F/m High Yield 100 ETF

AMAX

Adaptive Hedged Multi-Asset Income ETF

Adaptive ETF

Annual cost

1.36%

Fund size

$60M

ZTOP

F/m High Yield 100 ETF

F/m investments, LLC

Annual cost

0.39%

Fund size

$16M

Key differences

  • ZTOP costs 0.97% less per year.
  • AMAX is significantly larger than ZTOP — larger funds tend to be more liquid and less likely to close.
  • AMAX is classified as alternative, while ZTOP is fixed income — different risk/return profiles.
  • AMAX follows a option income strategy; ZTOP uses index tracking.
  • AMAX has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

AMAXZTOP
Annual cost (TER)1.36%0.39%
Fund size (AUM)$60M$16M
Since20092025
Dividend yield10.63%6.29%
Asset classalternativefixed income
Regionnorth america
Strategyoption incomeindex tracking
CAGR 1Y+11.8%+7.4%
CAGR 3Y+9.4%N/A
CAGR 5YN/AN/A
Sharpe 3Y0.59N/A
Volatility 1Y9.98%3.34%
Max drawdown-16.25%-2.52%

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

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