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FCEF vs AMAX
First Trust Income Opportunity ETF vs Adaptive Hedged Multi-Asset Income ETF
Key differences
- AMAX costs 2.33% less per year.
- FCEF is classified as mixed asset, while AMAX is alternative — different risk/return profiles.
- FCEF follows a active selection strategy; AMAX uses option income.
- Over the last 3 years, FCEF has delivered higher annualized returns.
- AMAX has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| FCEF | AMAX | |
|---|---|---|
| Annual cost (TER) | 3.69% | 1.36% |
| Fund size (AUM) | $75M | $60M |
| Since | 2016 | 2009 |
| Dividend yield | 6.24% | 10.63% |
| Asset class | mixed asset | alternative |
| Region | — | — |
| Strategy | active selection | option income |
| CAGR 1Y | +19.6% | +12.5% |
| CAGR 3Y | +16.4% | +9.4% |
| CAGR 5Y | +6.8% | N/A |
| Sharpe 3Y | 1.22 | 0.60 |
| Volatility 1Y | 7.86% | 10.01% |
| Max drawdown | -44.81% | -16.25% |
Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.
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