AMAX vs IVV
Adaptive Hedged Multi-Asset Income ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | AMAX | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.36% | 0.03% | |
| AUM | $69M | $907.0B | |
| Dividend Yield | 12.08% | 1.10% | |
| Holdings | 23 | 508 | |
| YTD Return | +3.76% | +12.28% | |
| 1Y Return | +7.52% | +20.94% | |
| 3Y Return (annualized) | +9.58% | +21.81% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 9.4% | 15.1% | |
| Max Drawdown | -16.3% | -56.5% | |
| Fund Family | Adaptive ETFs | iShares by BlackRock (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Oct 2, 2009 | May 15, 2000 |
AMAX vs IVV Performance
Adaptive Hedged Multi-Asset Income ETF (AMAX) is a ETF from Adaptive ETFs and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year AMAX returned +7.52% while IVV returned +20.94%. Year to date, AMAX is up 3.76% versus a gain of 12.28% for IVV.
Over three years, AMAX compounded at +9.58% per year against +21.81% for IVV. Across the full 5-year window we track, IVV has the edge at +6.98% annualized vs +3.33%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 9.4% 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 -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AMAX charges 1.36% per year while IVV charges 0.03%. On a $10,000 position that is $136 vs $3 annually, a gap of $133 per year that compounds over a long holding period. On income, AMAX currently yields 12.08% against 1.10% for IVV.
Holdings Overlap
AMAX and IVV share 0 holdings out of 519 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AMAX or IVV?
AMAX has an expense ratio of 1.36% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $133 per year of difference.
Which performed better, AMAX or IVV?
Over the past year AMAX returned +7.52% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (5 years), AMAX annualized +3.33% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, AMAX or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 9.4% for AMAX. Worst drawdown: AMAX -16.3% vs IVV -56.5%.
Should I hold both AMAX and IVV?
AMAX and IVV have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AMAX and IVV?
AMAX and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 519 unique securities.
Which pays a higher dividend, AMAX or IVV?
AMAX yields 12.08% while IVV yields 1.10%, so AMAX currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.