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BDYN vs AMAX

iShares Dynamic Equity Active ETF vs Adaptive Hedged Multi-Asset Income ETF

BDYN

iShares Dynamic Equity Active ETF

BlackRock

Annual cost

0.40%

Fund size

$2.7B

AMAX

Adaptive Hedged Multi-Asset Income ETF

Adaptive ETF

Annual cost

1.36%

Fund size

$60M

Key differences

  • BDYN costs 0.96% less per year.
  • BDYN is significantly larger than AMAX — larger funds tend to be more liquid and less likely to close.
  • BDYN is classified as mixed asset, while AMAX is alternative — different risk/return profiles.
  • BDYN follows a active selection strategy; AMAX uses option income.
  • AMAX has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

BDYNAMAX
Annual cost (TER)0.40%1.36%
Fund size (AUM)$2.7B$60M
Since20172009
Dividend yield0.96%10.63%
Asset classmixed assetalternative
Region
Strategyactive selectionoption income
CAGR 1YN/A+11.8%
CAGR 3YN/A+9.4%
CAGR 5YN/AN/A
Sharpe 3YN/A0.59
Volatility 1Y9.98%
Max drawdown-10.85%-16.25%

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

Similar to BDYN and AMAX