RH Hedged Multi-Asset Income ETF (AMAX)
AMAX is an actively managed ETF by Adaptive. AMAX launched on Oct 2, 2009 and has a 1.29% expense ratio.
ETF Info
Oct 2, 2009
Global (Broad)
1x
No Index (Active)
Expense Ratio
AMAX has a high expense ratio of 1.29%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
RH Hedged Multi-Asset Income ETF (AMAX) returned 3.35% year-to-date (YTD) and 6.16% over the past 12 months.
AMAX
3.35%
3.64%
2.07%
6.16%
4.88%
N/A
N/A
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of AMAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.93% | -2.81% | -2.85% | 2.56% | 3.69% | 3.35% | |||||||
| 2024 | 0.93% | 2.54% | 3.57% | -2.83% | 2.41% | -0.13% | 2.15% | 0.71% | 2.06% | -0.57% | -0.18% | -1.23% | 9.65% |
| 2023 | 4.90% | -2.26% | 0.50% | 1.15% | 0.08% | 1.14% | 0.43% | -1.04% | -4.75% | -1.49% | 4.96% | 3.39% | 6.77% |
| 2022 | -3.82% | 0.97% | 0.54% | -3.88% | -1.58% | -1.89% | 2.39% | -4.34% | -4.92% | 3.37% | 2.08% | -1.78% | -12.54% |
| 2021 | -2.66% | 2.53% | -0.20% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of AMAX is 50, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for RH Hedged Multi-Asset Income ETF (AMAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
RH Hedged Multi-Asset Income ETF provided a 8.11% dividend yield over the last twelve months, with an annual payout of $0.63 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Dividend | $0.63 | $0.57 | $0.54 | $0.86 | $0.10 |
Dividend yield | 8.11% | 7.38% | 7.05% | 11.26% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.21 | |||||||
| 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 | $0.54 |
| 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 16.25%, occurring on Oct 14, 2022. Recovery took 367 trading sessions.
The current RH Hedged Multi-Asset Income ETF drawdown is 1.39%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.25% | 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 |
| -5.73% | Jul 18, 2024 | 13 | Aug 5, 2024 | 10 | Aug 19, 2024 | 23 |
| -3.53% | Apr 4, 2024 | 12 | Apr 19, 2024 | 21 | May 20, 2024 | 33 |
| -2.95% | Dec 12, 2024 | 20 | Jan 13, 2025 | 6 | Jan 22, 2025 | 26 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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