AMAX vs. VOO
Compare and contrast key facts about RH Hedged Multi-Asset Income ETF (AMAX) and Vanguard S&P 500 ETF (VOO).
AMAX and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMAX or VOO.
Correlation
The correlation between AMAX and VOO is 0.59, 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. VOO - Performance Comparison
Key characteristics
AMAX:
1.09
VOO:
1.92
AMAX:
1.55
VOO:
2.58
AMAX:
1.20
VOO:
1.35
AMAX:
1.83
VOO:
2.88
AMAX:
6.99
VOO:
12.03
AMAX:
1.50%
VOO:
2.02%
AMAX:
9.62%
VOO:
12.69%
AMAX:
-16.26%
VOO:
-33.99%
AMAX:
0.00%
VOO:
0.00%
Returns By Period
In the year-to-date period, AMAX achieves a 2.93% return, which is significantly lower than VOO's 4.36% return.
AMAX
2.93%
3.13%
1.90%
10.36%
N/A
N/A
VOO
4.36%
2.34%
10.20%
24.11%
14.50%
13.28%
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AMAX vs. VOO - Expense Ratio Comparison
AMAX has a 1.29% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
AMAX vs. VOO — Risk-Adjusted Performance Rank
AMAX
VOO
AMAX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RH Hedged Multi-Asset Income ETF (AMAX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
AMAX's dividend yield for the trailing twelve months is around 7.74%, more than VOO's 1.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMAX RH Hedged Multi-Asset Income ETF | 7.74% | 7.38% | 7.05% | 11.26% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
AMAX vs. VOO - Drawdown Comparison
The maximum AMAX drawdown since its inception was -16.26%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for AMAX and VOO. For additional features, visit the drawdowns tool.
Volatility
AMAX vs. VOO - Volatility Comparison
RH Hedged Multi-Asset Income ETF (AMAX) has a higher volatility of 4.35% compared to Vanguard S&P 500 ETF (VOO) at 3.12%. This indicates that AMAX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.