AMAX vs VOO
Adaptive Hedged Multi-Asset Income ETF vs Vanguard S&P 500 ETF
Which is better, AMAX or VOO?
Preferred Stock against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. VOO is less concentrated, with 37.9% 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 | VOO |
|---|---|---|
| Expense Ratio | 1.36% | 0.03%Best |
| AUM | $75M | $1.0T |
| Dividend Yield | 12.31% | 1.06% |
| Holdings | 23 | 506 |
| YTD Return | +0.92% | +13.55%Best |
| 1Y Return | -1.53% | +13.22%Best |
| 3Y Return (annualized) | +9.86% | +24.40%Best |
| 5Y Return (annualized) | +2.62% | +12.44%Best |
| Volatility (annualized) | 9.3%Best | 15.6% |
| Max Drawdown | -16.3%Best | -24.5% |
| $10,000 over 5 years | $11,380 | $17,972Best |
| Top 10 Weight | 68.9% | 37.9%Best |
| Fund Family | Adaptive ETFs | Vanguard (US) |
| Category | Allocation/Balanced | Equity |
| Style | Preferred Stock | Large Cap Blend |
| Inception | Oct 2, 2009 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Nov 15, 2021 to Oct 29, 2026 (5 years).
AMAX vs VOO 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 5 years both funds cover.
AMAX vs VOO Performance
Adaptive Hedged Multi-Asset Income ETF (AMAX) is an ETF from Adaptive ETFs and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year AMAX returned -1.53% while VOO returned +13.22%. Year to date, AMAX is up 0.92% versus a gain of 13.55% for VOO.
Over three years, AMAX compounded at +9.86% per year against +24.40% for VOO; over five years the annualized figures are +2.62% and +12.44% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 15.6% 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 -24.5% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 VOO 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 12.31% against 1.06% for VOO.
Holdings Overlap
7.3% of AMAX's money is in holdings VOO also owns. 0.2% of VOO's money is in holdings AMAX also owns.
AMAX and VOO share little of their money.
1 positions in common, counted across the 15 positions we hold weights for in AMAX and 504 in VOO, against full books of 23 and 506.
What only one of them owns
Our book lists 498 positions for VOO that do not appear in our book for AMAX (99.5% of the fund), and 4 for AMAX that do not appear in VOO (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 VOO | Difference |
|---|---|---|---|
| NEMNewmont Corp Common | 7.34% | 0.20% | 7.14% |
You are not choosing between two funds in isolation.
Whichever of AMAX and VOO 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 VOO?
AMAX has an expense ratio of 1.36% while VOO charges 0.03%. VOO is the cheaper option, by $133 a year on a $10,000 investment.
Which performed better, AMAX or VOO?
Over the past year AMAX returned -1.53% vs +13.22% for VOO, so VOO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AMAX or VOO?
VOO has been the more volatile fund at 15.6% annualized versus 9.3% for AMAX. Worst drawdown: AMAX -16.3% vs VOO -24.5%.
Should I hold both AMAX and VOO?
AMAX and VOO have a monthly-return correlation of 0.80, 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 VOO?
7.3% of AMAX's money is in holdings VOO also owns. 0.2% of VOO'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 504 in VOO.
Which pays a higher dividend, AMAX or VOO?
AMAX yields 12.31% while VOO yields 1.06%, so AMAX currently pays the higher dividend yield.
Is VOO better than AMAX?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. VOO is less concentrated, with 37.9% 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.