HYKE vs. AMAX

Last updated Jun 24, 2026

HYKE (Vest 2 Year Interest Rate Hedge ETF) and AMAX (RH Hedged Multi-Asset Income ETF) are both Nontraditional Bonds funds. Both are actively managed. HYKE charges 0.85%/yr vs 1.29%/yr for AMAX.

Performance

HYKE vs. AMAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vest 2 Year Interest Rate Hedge ETF (HYKE) and RH Hedged Multi-Asset Income ETF (AMAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HYKE

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMAX

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

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

HYKE vs. AMAX - Yearly Performance Comparison

	2026 (YTD)
HYKE Vest 2 Year Interest Rate Hedge ETF	0.00%
AMAX RH Hedged Multi-Asset Income ETF	0.89%

Return for Risk

HYKE vs. AMAX — Risk / Return Rank

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

HYKE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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

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.

HYKE vs. AMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vest 2 Year Interest Rate Hedge ETF (HYKE) and RH Hedged Multi-Asset Income ETF (AMAX). 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.

	HYKE	AMAX	Difference
Sharpe ratio: Return per unit of total volatility	—	0.66	—
Sortino ratio: Return per unit of downside risk	—	0.94	—
Omega ratio: Gain probability vs. loss probability	—	1.12	—
Calmar ratio: Return relative to maximum drawdown	—	0.92	—
Martin ratio: Return relative to average drawdown	—	2.54	—

Drawdowns

HYKE vs. AMAX - Drawdown Comparison

The maximum HYKE drawdown since its inception was 0.00%, smaller than the maximum AMAX drawdown of -16.28%. Use the drawdown chart below to compare losses from any high point for HYKE and AMAX.

Drawdown Indicators

	HYKE	AMAX	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-16.28%	+16.28%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.53%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-9.27%	—
Current Drawdown Current decline from peak	0.00%	-6.28%	+6.28%
Average Drawdown Average peak-to-trough decline	0.00%	-5.30%	+5.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.71%	—

Volatility

Volatility by Period

	HYKE	AMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.77%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	10.47%	-10.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	10.45%	-10.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	10.45%	-10.45%

HYKE vs. AMAX - Expense Ratio Comparison

HYKE has a 0.85% expense ratio, which is lower than AMAX's 1.29% expense ratio.

Dividends

HYKE vs. AMAX - Dividend Comparison

HYKE has not paid dividends to shareholders, while AMAX's dividend yield for the trailing twelve months is around 11.46%.

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%
HYKE Vest 2 Year Interest Rate Hedge ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, HYKE or AMAX?

On fees, HYKE is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HYKE or AMAX?

HYKE is cheaper with a 0.85% expense ratio, compared with 1.29% for AMAX.

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

AMAX has the higher dividend yield at 11.46%, compared with 0.00% for HYKE.

What is the main difference between HYKE and AMAX?

They also come from different issuers: Cboe Vest and Adaptive. Their fees differ too: 0.85% for HYKE and 1.29% for AMAX.