AMAX vs. QDTE
Compare and contrast key facts about RH Hedged Multi-Asset Income ETF (AMAX) and Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE).
AMAX and QDTE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMAX is an actively managed fund by Adaptive. It was launched on Oct 2, 2009. QDTE is an actively managed fund by Roundhill. It was launched on Mar 6, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMAX or QDTE.
Correlation
The correlation between AMAX and QDTE is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AMAX vs. QDTE - Performance Comparison
Key characteristics
AMAX:
9.65%
QDTE:
16.92%
AMAX:
-16.26%
QDTE:
-10.74%
AMAX:
-1.26%
QDTE:
-2.26%
Returns By Period
In the year-to-date period, AMAX achieves a 1.70% return, which is significantly lower than QDTE's 3.58% return.
AMAX
1.70%
-1.03%
0.62%
8.63%
N/A
N/A
QDTE
3.58%
-1.37%
11.15%
N/A
N/A
N/A
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AMAX vs. QDTE - Expense Ratio Comparison
AMAX has a 1.29% expense ratio, which is higher than QDTE's 0.95% expense ratio.
Risk-Adjusted Performance
AMAX vs. QDTE — Risk-Adjusted Performance Rank
AMAX
QDTE
AMAX vs. QDTE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RH Hedged Multi-Asset Income ETF (AMAX) and Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE). 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.
Not enough dataDividends
AMAX vs. QDTE - Dividend Comparison
AMAX's dividend yield for the trailing twelve months is around 7.83%, less than QDTE's 37.57% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
AMAX RH Hedged Multi-Asset Income ETF | 7.83% | 7.38% | 7.05% | 11.26% | 1.00% |
QDTE Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF | 37.57% | 32.10% | 0.00% | 0.00% | 0.00% |
Drawdowns
AMAX vs. QDTE - Drawdown Comparison
The maximum AMAX drawdown since its inception was -16.26%, which is greater than QDTE's maximum drawdown of -10.74%. Use the drawdown chart below to compare losses from any high point for AMAX and QDTE. For additional features, visit the drawdowns tool.
Volatility
AMAX vs. QDTE - Volatility Comparison
The current volatility for RH Hedged Multi-Asset Income ETF (AMAX) is 3.79%, while Roundhill ETF Trust - Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE) has a volatility of 4.55%. This indicates that AMAX experiences smaller price fluctuations and is considered to be less risky than QDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.