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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in RH Hedged Multi-Asset Income ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
RH Hedged Multi-Asset Income ETF (AMAX) has returned 0.18% so far this year and 14.81% over the past 12 months.
RH Hedged Multi-Asset Income ETF
- 1D
- 1.59%
- 1M
- -4.93%
- YTD
- 0.18%
- 6M
- -1.00%
- 1Y
- 14.81%
- 3Y*
- 8.20%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Nov 15, 2021, AMAX's average daily return is +0.01%, while the average monthly return is +0.28%. At this rate, your investment would double in approximately 20.7 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2023 with a return of +5.0%, while the worst month was Mar 2026 at -4.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, AMAX closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +3.0%, while the worst single day was Sep 13, 2022 at -3.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.12% | 2.19% | -4.93% | 0.18% | |||||||||
| 2025 | 2.94% | -2.82% | -2.85% | 2.56% | 3.37% | 2.42% | 1.09% | 1.46% | 4.13% | 0.21% | -1.10% | -0.28% | 11.38% |
| 2024 | 0.92% | 2.53% | 3.58% | -2.82% | 2.40% | -0.13% | 2.15% | 0.71% | 2.06% | -0.58% | -0.17% | -1.23% | 9.62% |
| 2023 | 4.88% | -2.26% | 0.51% | 1.15% | 0.07% | 1.13% | 0.42% | -1.05% | -4.75% | -1.49% | 4.95% | 3.39% | 6.70% |
| 2022 | -3.83% | 0.97% | 0.54% | -3.88% | -1.57% | -1.90% | 2.38% | -4.35% | -4.92% | 3.36% | 2.08% | -1.78% | -12.56% |
| 2021 | -2.66% | 2.53% | -0.20% |
Benchmark Metrics
RH Hedged Multi-Asset Income ETF has an annualized alpha of 0.20%, beta of 0.36, and R² of 0.38 versus S&P 500 Index. Calculated based on daily prices since November 16, 2021.
- This ETF participated in 58.37% of S&P 500 Index downside but only 43.28% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.36 may look defensive, but with R² of 0.38 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R² of 0.38 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 0.20%
- Beta
- 0.36
- R²
- 0.38
- Upside Capture
- 43.28%
- Downside Capture
- 58.37%
Expense Ratio
AMAX has a high expense ratio of 1.29%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
AMAX ranks 68 for risk / return — better than 68% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for RH Hedged Multi-Asset Income ETF (AMAX) and compare them to a chosen benchmark (S&P 500 Index).
| AMAX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.32 | 0.90 | +0.42 |
Sortino ratioReturn per unit of downside risk | 1.81 | 1.39 | +0.42 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.21 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.98 | 1.40 | +0.58 |
Martin ratioReturn relative to average drawdown | 6.32 | 6.61 | -0.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore AMAX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
RH Hedged Multi-Asset Income ETF provided a 10.57% dividend yield over the last twelve months, with an annual payout of $0.81 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.81 | $0.73 | $0.57 | $0.53 | $0.86 | $0.10 |
Dividend yield | 10.57% | 9.18% | 7.36% | 6.99% | 11.22% | 1.00% |
Monthly Dividends
The table displays the monthly dividend distributions for RH Hedged Multi-Asset Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.08 | $0.08 | $0.08 | $0.24 | |||||||||
| 2025 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.07 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.73 |
| 2024 | $0.01 | $0.01 | $0.07 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.57 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.13 | $0.04 | $0.08 | $0.04 | $0.01 | $0.01 | $0.03 | $0.53 |
| 2022 | $0.11 | $0.08 | $0.06 | $0.11 | $0.09 | $0.08 | $0.08 | $0.07 | $0.07 | $0.04 | $0.05 | $0.04 | $0.86 |
| 2021 | $0.05 | $0.05 | $0.10 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the RH Hedged Multi-Asset Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the RH Hedged Multi-Asset Income ETF was 16.28%, occurring on Oct 14, 2022. Recovery took 367 trading sessions.
The current RH Hedged Multi-Asset Income ETF drawdown is 6.06%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.28% | Nov 18, 2021 | 228 | Oct 14, 2022 | 367 | Apr 3, 2024 | 595 |
| -9.27% | Feb 20, 2025 | 33 | Apr 7, 2025 | 26 | May 14, 2025 | 59 |
| -7.53% | Jan 29, 2026 | 42 | Mar 30, 2026 | — | — | — |
| -5.73% | Jul 18, 2024 | 13 | Aug 5, 2024 | 10 | Aug 19, 2024 | 23 |
| -5.39% | Oct 21, 2025 | 24 | Nov 21, 2025 | 40 | Jan 22, 2026 | 64 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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