AMAX vs. KNRG

Last updated Jun 24, 2026

AMAX (RH Hedged Multi-Asset Income ETF) and KNRG (Simplify Kayne Anderson Energy and Infrastructure Credit ETF) are both Nontraditional Bonds funds. Both are actively managed. Over the past year, AMAX returned 6.88% vs 8.62% for KNRG. At a 0.41 correlation, their price movements are largely independent. AMAX charges 1.29%/yr vs 0.76%/yr for KNRG.

Performance

AMAX vs. KNRG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RH Hedged Multi-Asset Income ETF (AMAX) and Simplify Kayne Anderson Energy and Infrastructure Credit ETF (KNRG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMAX achieves a 0.19% return, which is significantly lower than KNRG's 2.62% return.

AMAX

• 1D: -1.95%
• 1M: -4.03%
• YTD: 0.19%
• 6M: -1.15%
• 1Y: 6.88%
• 3Y*: 7.54%
• 5Y*: —
• 10Y*: —

KNRG

• 1D: 0.01%
• 1M: 0.46%
• YTD: 2.62%
• 6M: 2.85%
• 1Y: 8.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMAX vs. KNRG - Yearly Performance Comparison

	2026 (YTD)	2025
AMAX RH Hedged Multi-Asset Income ETF	0.19%	8.05%
KNRG Simplify Kayne Anderson Energy and Infrastructure Credit ETF	2.62%	7.38%

Correlation

The correlation between AMAX and KNRG is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (All Time) Calculated using the full available price history since May 28, 2025	0.41

Return for Risk

AMAX vs. KNRG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMAX

AMAX Risk / Return Rank: 20
AMAX Sharpe Ratio Rank: 20
AMAX Sortino Ratio Rank: 18
AMAX Omega Ratio Rank: 19
AMAX Calmar Ratio Rank: 21
AMAX Martin Ratio Rank: 22

KNRG

KNRG Risk / Return Rank: 86
KNRG Sharpe Ratio Rank: 91
KNRG Sortino Ratio Rank: 94
KNRG Omega Ratio Rank: 92
KNRG Calmar Ratio Rank: 70
KNRG Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMAX vs. KNRG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RH Hedged Multi-Asset Income ETF (AMAX) and Simplify Kayne Anderson Energy and Infrastructure Credit ETF (KNRG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AMAX	KNRG	Difference
Sharpe ratio: Return per unit of total volatility	0.66	2.79	-2.13
Sortino ratio: Return per unit of downside risk	0.94	4.32	-3.38
Omega ratio: Gain probability vs. loss probability	1.12	1.56	-0.44
Calmar ratio: Return relative to maximum drawdown	0.92	3.20	-2.28
Martin ratio: Return relative to average drawdown	2.54	15.22	-12.68

AMAX vs. KNRG - Sharpe Ratio Comparison

The current AMAX Sharpe Ratio is 0.66, which is lower than the KNRG Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of AMAX and KNRG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AMAX vs. KNRG - Drawdown Comparison

The maximum AMAX drawdown since its inception was -16.28%, which is greater than KNRG's maximum drawdown of -2.71%. Use the drawdown chart below to compare losses from any high point for AMAX and KNRG.

Drawdown Indicators

	AMAX	KNRG	Difference
Max Drawdown Largest peak-to-trough decline	-16.28%	-2.71%	-13.57%
Max Drawdown (1Y) Largest decline over 1 year	-7.53%	-2.71%	-4.82%
Max Drawdown (3Y) Largest decline over 3 years	-9.27%	—	—
Current Drawdown Current decline from peak	-6.28%	-0.15%	-6.13%
Average Drawdown Average peak-to-trough decline	-5.30%	-0.32%	-4.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	0.57%	+2.14%

Volatility

AMAX vs. KNRG - Volatility Comparison

RH Hedged Multi-Asset Income ETF (AMAX) has a higher volatility of 4.02% compared to Simplify Kayne Anderson Energy and Infrastructure Credit ETF (KNRG) at 0.67%. This indicates that AMAX's price experiences larger fluctuations and is considered to be riskier than KNRG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMAX	KNRG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.02%	0.67%	+3.35%
Volatility (6M) Calculated over the trailing 6-month period	8.77%	2.18%	+6.59%
Volatility (1Y) Calculated over the trailing 1-year period	10.47%	3.10%	+7.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.45%	3.48%	+6.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.45%	3.48%	+6.97%

AMAX vs. KNRG - Expense Ratio Comparison

AMAX has a 1.29% expense ratio, which is higher than KNRG's 0.76% expense ratio.

Dividends

AMAX vs. KNRG - Dividend Comparison

AMAX's dividend yield for the trailing twelve months is around 11.46%, more than KNRG's 6.93% yield.

Position	TTM	2025	2024	2023	2022	2021
AMAX RH Hedged Multi-Asset Income ETF	11.46%	9.18%	7.36%	6.99%	11.22%	1.00%
KNRG Simplify Kayne Anderson Energy and Infrastructure Credit ETF	6.93%	4.22%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AMAX and KNRG in my portfolio?

AMAX and KNRG have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMAX or KNRG?

AMAX has higher volatility (4.02%) compared to KNRG (0.67%). In terms of maximum drawdown, AMAX dropped -16.28% vs KNRG's -2.71%.

Which ETF is better, AMAX or KNRG?

On 1-year performance, KNRG leads with 8.62% vs 6.88% for AMAX. On fees, KNRG is cheaper at 0.76% per year. On volatility, KNRG has been the lower-risk option at 0.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMAX or KNRG?

Over the 1-year period, KNRG has performed better with a 8.62% return vs 6.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMAX or KNRG?

KNRG is cheaper with a 0.76% expense ratio, compared with 1.29% for AMAX.

Which ETF pays a higher dividend yield, AMAX or KNRG?

AMAX has the higher dividend yield at 11.46%, compared with 6.93% for KNRG.

What is the main difference between AMAX and KNRG?

They also come from different issuers: Adaptive and Simplify. Their fees differ too: 1.29% for AMAX and 0.76% for KNRG.

Which has better risk-adjusted returns?

KNRG currently has the higher Sharpe Ratio (2.79 vs 0.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.