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Adaptive Hedged Multi-Asset Income ETF (AMAX)
USD7.48
-0.03 (-0.40%)
AMEX USD US Multi-Asset
NAV
USD 8.12
-7.90% vs NAV
as of 2025-10-31
AUM
USD 36.36M
TER
1.36%
Yield (TTM)
11.67%
Distribution
Distributing · Monthly
52-week range
7.40 – 8.43
Holdings
23
Issuer
Adaptive ETFs
About this ETF
As an actively managed exchange-traded fund (“ETF”), the fund will not seek to replicate the performance of an index. The Advisor seeks to achieve the fund’s investment objective of total return by investing in other investment companies, including mutual funds and exchange-traded funds that are registered under the Investment Company Act of 1940, as amended (the “1940 Act”) and not affiliated with the fund (“portfolio funds”) or by making direct investments.
ISIN
US85521B7837
Issuer
Adaptive ETFs
Domicile
US
Inception
2021-11-15
Asset class
Multi-Asset
Website
adaptiveetfs.com/amax
Price
Top 10 holdings
| Cash / Cash Equivalents Cash | 23.27% |
| ISHARES 20 PLS YEAR TREASURY BND ETF TLT | 21.63% |
| SPDR S&P 500 ETF Trust SPY | 13.73% |
| FT VEST GOLD STRT TRGT INCM ETF IGLD | 10.18% |
| iShares Bitcoin Trus IBIT | 6.36% |
| VANGUARD VALUE ETF VTV | 6.16% |
| MICROSTRATEGY CL A ORD MSTR | 4.55% |
| VANECK GOLD MINERS ETF GDX | 4.40% |
| UBS AG ETRACS CD OL CR CL ETN USOI | 3.07% |
| YIELDMAX GOOGL OPTN INC STGY ETF GOOY | 1.25% |
Sector mix
Price chart
USD7.48
-0.03 (-0.40%)
Loading historical data…
Returns
| 1 month | -1.58% |
| 3 months | -5.08% |
| 6 months | -6.85% |
| Year to date | -5.32% |
| 1 year | -6.03% |
| 3 years (ann.) | -0.92% |
| 5 years (ann.) | — |
| 10 years (ann.) | — |
Risk profile
| Volatility (1y, ann.) | 11.17% |
| Sharpe (1y) | -0.50 |
| Sharpe (3y) | -0.03 |
| Sortino (1y) | -0.66 |
| Max drawdown (1y) | -12.22% |
| Max drawdown (5y) | — |
| Max drawdown (full) | -28.35% |
| Beta vs S&P 500 (1y) | 0.49 |
| Correlation vs S&P 500 (1y) | 0.55 |
Technical outlook as of 2026-07-13
Day Score (bias 0-100, not a probability)
34
P(gain) 22 sessions — probability
43%
VaR 95% (daily)
-1.25%
CVaR 95% (daily)
-1.76%
GARCH vol forecast (22d)
0.67%
Market regime (Markov)
Lateral
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Top-10 concentration
94.6%
Effective holdings
7
Disclosed positions
23
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Sector breakdown
Geographic exposure
Loading map…
Cost vs. peers
AMAX
1.36%
Multi-Asset median
0.74%
Cheapest in class SMB
0.07%
Comparison universe: 256 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2026-06-29 | 2026-06-30 | USD 0.0760 |
| 2026-05-28 | 2026-05-29 | USD 0.0789 |
| 2026-04-29 | 2026-04-30 | USD 0.0770 |
| 2026-03-30 | 2026-03-31 | USD 0.0769 |
| 2026-02-26 | 2026-02-27 | USD 0.0816 |
| 2026-01-29 | 2026-01-30 | USD 0.0839 |
| 2025-12-30 | 2025-12-31 | USD 0.0675 |
| 2025-11-26 | 2025-11-28 | USD 0.0652 |
| 2025-10-30 | 2025-10-31 | USD 0.0680 |
| 2025-09-29 | 2025-09-30 | USD 0.0675 |
| 2025-08-28 | 2025-08-29 | USD 0.0645 |
| 2025-07-30 | 2025-07-31 | USD 0.0664 |
| 2025-06-27 | 2025-06-30 | USD 0.0658 |
| 2025-05-29 | 2025-05-30 | USD 0.0529 |
| 2025-04-29 | 2025-04-30 | USD 0.0522 |
| 2025-03-28 | 2025-03-31 | USD 0.0522 |
| 2025-02-27 | 2025-02-28 | USD 0.0515 |
| 2025-01-30 | 2025-01-31 | USD 0.0523 |
| 2024-12-30 | 2024-12-31 | USD 0.0525 |
| 2024-11-29 | 2024-12-02 | USD 0.0532 |
| 2024-10-30 | 2024-10-31 | USD 0.0535 |
| 2024-09-27 | 2024-09-30 | USD 0.0518 |
| 2024-08-30 | 2024-09-03 | USD 0.0542 |
| 2024-07-30 | 2024-07-31 | USD 0.0527 |
| 2024-06-28 | 2024-07-01 | USD 0.0534 |
| 2024-05-30 | 2024-05-31 | USD 0.0535 |
| 2024-04-29 | 2024-05-01 | USD 0.0533 |
| 2024-03-28 | 2024-04-02 | USD 0.0710 |
| 2024-02-28 | 2024-03-01 | USD 0.0125 |
| 2024-01-30 | 2024-02-01 | USD 0.0105 |
| 2023-12-28 | 2024-01-02 | USD 0.0305 |
| 2023-11-29 | 2023-12-01 | USD 0.0095 |
| 2023-10-30 | 2023-11-01 | USD 0.0125 |
| 2023-09-28 | 2023-10-02 | USD 0.0435 |
| 2023-08-30 | 2023-09-01 | USD 0.0750 |
| 2023-07-28 | 2023-08-01 | USD 0.0395 |
| 2023-06-29 | 2023-07-03 | USD 0.1255 |
| 2023-05-30 | 2023-06-01 | USD 0.0365 |
| 2023-04-27 | 2023-05-01 | USD 0.0325 |
| 2023-03-30 | 2023-04-03 | USD 0.0440 |
ESG profile
Derived from holdings
covers 4.5% of the portfolio by weight
(1 scored constituents)
Environmental
77.4
class avg 63.9
Social
79.7
class avg 63.0
Governance
81.8
class avg 66.2
Total ESG
79.6
class avg 64.4
Benchmark: average of 66 funds of the same asset class with derived ESG data.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| iShares Core Equity ETF Portfolio XEQT.TO | 0.20% | 14.36B | 1.60% | +25.31% | 1.89 |
| Vanguard All-Equity ETF Portfolio VEQT.TO | 0.22% | 11.06B | 1.24% | +26.33% | 1.94 |
| FT Vest Laddered Buffer ETF BUFR | 0.95% | 10.09B | — | +14.32% | 2.06 |
| Vanguard Growth ETF Portfolio VGRO.TO | 0.22% | 7.42B | 1.75% | +20.49% | 1.87 |
| Capital Group Core Balanced ETF CGBL | 0.33% | 7.08B | 1.88% | +10.67% | 1.04 |
| Eaton Vance Total Return Bond ETF EVTR | 0.32% | 5.61B | 4.72% | -0.81% | -0.18 |
| iShares Systematic Alternatives Active ETF IALT | 0.99% | 5.00B | 0.40% | — | — |
| VanEck J.P. Morgan EM Local Currency Bond ETF EMLC | 0.30% | 4.80B | 6.27% | +0.79% | 0.14 |
| VanEck High Yield Muni ETF HYD | 0.32% | 4.51B | 4.32% | +2.55% | 0.65 |
| Vanguard Balanced ETF Portfolio VBAL.TO | 0.22% | 4.00B | 2.11% | +14.75% | 1.67 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| Vanguard All-Equity ETF Portfolio VEQT.TO | 0.22% | 11.06B | 0.0% |
| Vanguard Growth ETF Portfolio VGRO.TO | 0.22% | 7.42B | 0.0% |
| iShares Core Equity ETF Portfolio XEQT.TO | 0.20% | 14.36B | 0.0% |
| Vanguard Balanced ETF Portfolio VBAL.TO | 0.22% | 4.00B | 0.0% |
| iShares Core Growth ETF Portfolio XGRO.TO | 0.20% | 3.55B | 0.0% |
