RH Hedged Multi-Asset Income ETF (AMAX) belongs to the Nontraditional Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with AMAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to AMAX
AMAX charges 1.29% annually. There are 21 ETFs in the Nontraditional Bonds category with lower expense ratios, going as low as 0.23%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | 0.23% | 127.77M | Dec 2013 | AMAX vs AGZD | |
| DoubleLine Asset-Backed Securities ETF | 0.40% | 147.11M | Feb 2025 | AMAX vs DABS | |
| JPMorgan Flexible Debt ETF | 0.45% | 1.40B | Sep 2025 | AMAX vs JFLX | |
| Simplify Bond Bull ETF | 0.50% | 50.83M | Dec 2024 | AMAX vs RFIX | |
| Fidelity Tactical Bond ETF | 0.55% | 36.89M | Jan 2023 | AMAX vs FTBD |
Best Risk-Adjusted Alternatives to AMAX
AMAX has a PortfoliosLab risk / return rank of 17. There are 14 ETFs in the Nontraditional Bonds category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Brookmont Catastrophic Bond ETF | 97 | 16.11M | Mar 2025 | AMAX vs ILS | |
| Simplify Kayne Anderson Energy and Infrastructure ... | 90 | 149.39M | May 2025 | AMAX vs KNRG | |
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | 87 | 127.77M | Dec 2013 | AMAX vs AGZD | |
| DoubleLine Asset-Backed Securities ETF | 85 | 147.11M | Feb 2025 | AMAX vs DABS | |
| NEOS Enhanced Income Credit Select ETF | 77 | 221.20M | Sep 2024 | AMAX vs HYBI |
Top Performing AMAX Alternatives (YTD)
AMAX is at 0.54% YTD. There are 14 ETFs in the Nontraditional Bonds category with higher YTD returns, going as high as 6.36%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Return Stacked Bonds & Managed Futures ETF | 6.36% | 97.11M | Feb 2023 | AMAX vs RSBT | |
| Simplify Bond Bull ETF | 6.11% | 50.83M | Dec 2024 | AMAX vs RFIX | |
| FolioBeyond Alternative Income and Interest Rate H... | 4.09% | 180.75M | Sep 2021 | AMAX vs RISR | |
| Simplify Kayne Anderson Energy and Infrastructure ... | 3.06% | 149.39M | May 2025 | AMAX vs KNRG | |
| Brookmont Catastrophic Bond ETF | 2.92% | 16.11M | Mar 2025 | AMAX vs ILS |
Lowest Volatility Alternatives to AMAX
AMAX has 10.63% 1-year volatility. There are 17 ETFs in the Nontraditional Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vest 2 Year Interest Rate Hedge ETF | 0.00% | — | Jan 2024 | AMAX vs HYKE | |
| DoubleLine Asset-Backed Securities ETF | 2.46% | 147.11M | Feb 2025 | AMAX vs DABS | |
| Brookmont Catastrophic Bond ETF | 2.50% | 16.11M | Mar 2025 | AMAX vs ILS | |
| JPMorgan Flexible Debt ETF | 2.63% | 1.40B | Sep 2025 | AMAX vs JFLX | |
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | 2.69% | 127.77M | Dec 2013 | AMAX vs AGZD |
Lowest Drawdown Alternatives to AMAX
AMAX has a 1-year max drawdown of -7.53%. There are 15 ETFs in the Nontraditional Bonds category with shallower 1-year drawdowns, going as shallow as -0.55%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Brookmont Catastrophic Bond ETF | -0.55% | 16.11M | Mar 2025 | AMAX vs ILS | |
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | -0.73% | 127.77M | Dec 2013 | AMAX vs AGZD | |
| DoubleLine Asset-Backed Securities ETF | -1.29% | 147.11M | Feb 2025 | AMAX vs DABS | |
| NEOS Enhanced Income Credit Select ETF | -1.43% | 221.20M | Sep 2024 | AMAX vs HYBI | |
| Nicholas Fixed Income Alternative ETF | -2.40% | 132.16M | Nov 2022 | AMAX vs FIAX |
Other ETFs from Adaptive
The 2 most viewed Adaptive ETFs shown here include RHRX, RHTX and span 1 categories. AUM among these funds goes as high as $17M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| RH Tactical Rotation ETF | Tactical Allocation | 85 | 17.64% | 17.21M | Sep 2012 | AMAX vs RHRX | |
| RH Tactical Outlook ETF | Tactical Allocation | 32 | 5.22% | 8.45M | Sep 2012 | AMAX vs RHTX |
Often Compared With AMAX
Investors most often compare AMAX with XGD.TO, QDTE, YMAG. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare AMAX with Any Fund or Stock
Compare AMAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair AMAX with funds that move differently
RH Hedged Multi-Asset Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AMAX.
Explore AMAX Diversifiers