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RH Hedged Multi-Asset Income ETF (AMAX) Sharpe Ratio: 1.26

ETF · Currency in USD · Last updated Jun 3, 2026

AMAX is an actively managed ETF by Adaptive. AMAX launched on Oct 2, 2009 and has a 1.29% expense ratio.

AMAX's Sharpe Ratio of 1.26 indicates that for each unit of volatility, it generates 1.26 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

AMAX Sharpe Ratio Rank

AMAX Sharpe Ratio Rank: 34.635
Below Average

AMAX ranks above 34.6% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

AMAX Sharpe Ratio Market Positioning

The chart shows AMAX's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.90 or lower
  • Yellow zone (middle 50%): 0.90 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 7.68+
  • Median: 1.77 — half of all investments score higher

How it compares to other similar ETFs

The table compares RH Hedged Multi-Asset Income ETF's Sharpe Ratio with other ETFs in the Nontraditional Bonds category across multiple time periods, showing how AMAX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
KNRGSimplify Kayne Anderson Energy and Infrastructure Credit ETF2.82
ILSBrookmont Catastrophic Bond ETF2.77
HYBINEOS Enhanced Income Credit Select ETF2.48
DABSDoubleLine Asset-Backed Securities ETF2.35
DUKZOcean Park Diversified Income ETF2.11
OBNDSPDR Loomis Sayles Opportunistic Bond ETF2.08
RSBTReturn Stacked Bonds & Managed Futures ETF2.05
UCONFirst Trust TCW Unconstrained Plus Bond ETF1.96
AGZDWisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund1.88
ABHYAbacus Tactical High Yield ETF1.70
AMAXRH Hedged Multi-Asset Income ETF1.26

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows AMAX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when AMAX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does AMAX fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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