AMAX vs VYM
Adaptive Hedged Multi-Asset Income ETF vs Vanguard High Dividend Yield ETF
Which is better, AMAX or VYM?
Preferred Stock against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 25.8% of the fund in its ten largest positions against 68.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AMAX | VYM |
|---|---|---|
| Expense Ratio | 1.36% | 0.04%Best |
| AUM | $75M | $78.9B |
| Dividend Yield | 12.31% | 2.37% |
| Holdings | 23 | 608 |
| YTD Return | +2.73% | +11.83%Best |
| 1Y Return | -0.53% | +15.96%Best |
| 3Y Return (annualized) | +9.84% | +18.60%Best |
| 5Y Return (annualized) | +3.02% | +11.51%Best |
| Volatility (annualized) | 9.3%Best | 13.9% |
| Max Drawdown | -16.3% | -15.8%Best |
| $10,000 over 5 years | $11,604 | $17,241Best |
| Top 10 Weight | 68.9% | 25.8%Best |
| Fund Family | Adaptive ETFs | Vanguard (US) |
| Category | Allocation/Balanced | Equity |
| Style | Preferred Stock | Large Cap Value |
| Inception | Oct 2, 2009 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Nov 15, 2021 to Oct 14, 2026 (4.9 years).
AMAX vs VYM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.9 years both funds cover.
AMAX vs VYM Performance
Adaptive Hedged Multi-Asset Income ETF (AMAX) is an ETF from Adaptive ETFs and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year AMAX returned -0.53% while VYM returned +15.96%. Year to date, AMAX is up 2.73% versus a gain of 11.83% for VYM.
Over three years, AMAX compounded at +9.84% per year against +18.60% for VYM; over five years the annualized figures are +3.02% and +11.51% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 13.9% compared with 9.3% for AMAX. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -16.3% for AMAX and -15.8% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AMAX charges 1.36% per year while VYM charges 0.04%. On a $10,000 position that is $136 vs $4 annually, a gap of $132 per year that compounds over a long holding period. On income, AMAX currently yields 12.31% against 2.37% for VYM.
Holdings Overlap
7.3% of AMAX's money is in holdings VYM also owns. 0.5% of VYM's money is in holdings AMAX also owns.
AMAX and VYM share little of their money.
1 positions in common, counted across the 15 positions we hold weights for in AMAX and 602 in VYM, against full books of 23 and 608.
What only one of them owns
Our book lists 572 positions for VYM that do not appear in our book for AMAX (97.3% of the fund), and 4 for AMAX that do not appear in VYM (27.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in AMAX | Weight in VYM | Difference |
|---|---|---|---|
| NEMNewmont Corp Common | 7.34% | 0.54% | 6.80% |
You are not choosing between two funds in isolation.
Whichever of AMAX and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AMAX or VYM?
AMAX has an expense ratio of 1.36% while VYM charges 0.04%. VYM is the cheaper option, by $132 a year on a $10,000 investment.
Which performed better, AMAX or VYM?
Over the past year AMAX returned -0.53% vs +15.96% for VYM, so VYM leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AMAX or VYM?
VYM has been the more volatile fund at 13.9% annualized versus 9.3% for AMAX. Worst drawdown: AMAX -16.3% vs VYM -15.8%.
Should I hold both AMAX and VYM?
AMAX and VYM have a monthly-return correlation of 0.70, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between AMAX and VYM?
7.3% of AMAX's money is in holdings VYM also owns. 0.5% of VYM's is in holdings AMAX also owns. They hold 1 positions in common, counted across the 15 positions we hold weights for in AMAX and 602 in VYM.
Which pays a higher dividend, AMAX or VYM?
AMAX yields 12.31% while VYM yields 2.37%, so AMAX currently pays the higher dividend yield.
Is VYM better than AMAX?
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 25.8% of the fund in its ten largest positions against 68.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.