AMAX vs. SCHG
Compare and contrast key facts about RH Hedged Multi-Asset Income ETF (AMAX) and Schwab U.S. Large-Cap Growth ETF (SCHG).
AMAX and SCHG 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. SCHG is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Total Return Index. It was launched on Dec 11, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMAX or SCHG.
Key characteristics
| AMAX | SCHG | |
|---|---|---|
| YTD Return | 10.12% | 22.17% |
| 1Y Return | 14.43% | 34.88% |
| Sharpe Ratio | 1.55 | 2.00 |
| Daily Std Dev | 9.14% | 17.31% |
| Max Drawdown | -16.28% | -34.59% |
| Current Drawdown | -0.84% | -4.31% |
Correlation
The correlation between AMAX and SCHG 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. SCHG - Performance Comparison
In the year-to-date period, AMAX achieves a 10.12% return, which is significantly lower than SCHG's 22.17% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AMAX vs. SCHG - Expense Ratio Comparison
AMAX has a 1.29% expense ratio, which is higher than SCHG's 0.04% expense ratio.
Risk-Adjusted Performance
AMAX vs. SCHG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RH Hedged Multi-Asset Income ETF (AMAX) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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.
Dividends
AMAX vs. SCHG - Dividend Comparison
AMAX's dividend yield for the trailing twelve months is around 5.70%, more than SCHG's 0.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMAX RH Hedged Multi-Asset Income ETF | 5.70% | 6.99% | 11.23% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.41% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 1.27% | 1.22% | 1.09% | 1.07% |
Drawdowns
AMAX vs. SCHG - Drawdown Comparison
The maximum AMAX drawdown since its inception was -16.28%, smaller than the maximum SCHG drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for AMAX and SCHG. For additional features, visit the drawdowns tool.
Volatility
AMAX vs. SCHG - Volatility Comparison
The current volatility for RH Hedged Multi-Asset Income ETF (AMAX) is 1.96%, while Schwab U.S. Large-Cap Growth ETF (SCHG) has a volatility of 5.46%. This indicates that AMAX experiences smaller price fluctuations and is considered to be less risky than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.