AMAX vs VTI
Adaptive Hedged Multi-Asset Income ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | AMAX | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 1.36% | 0.03% | |
| AUM | $69M | $666.9B | |
| Dividend Yield | 12.08% | 1.07% | |
| Holdings | 23 | 3,543 | |
| YTD Return | +2.89% | +14.82% | |
| 1Y Return | +6.00% | +22.43% | |
| 3Y Return (annualized) | +8.65% | +21.93% | |
| 5Y Return (annualized) | - | +12.34% | |
| Volatility (annualized) | 9.3% | 15.4% | |
| Max Drawdown | -16.3% | -56.6% | |
| Fund Family | Adaptive ETFs | Vanguard (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Oct 2, 2009 | May 24, 2001 |
AMAX vs VTI Performance
Adaptive Hedged Multi-Asset Income ETF (AMAX) is a ETF from Adaptive ETFs and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year AMAX returned +6.00% while VTI returned +22.43%. Year to date, AMAX is up 2.89% versus a gain of 14.82% for VTI.
Over three years, AMAX compounded at +8.65% per year against +21.93% for VTI. Across the full 5-year window we track, VTI has the edge at +8.16% annualized vs +3.16%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.4% 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 -56.6% for VTI. 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AMAX charges 1.36% per year while VTI 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 1.07% for VTI.
Holdings Overlap
AMAX and VTI share 1 holdings out of 2800 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in AMAX | Weight in VTI | Difference |
|---|---|---|---|
| MSTR | 4.64% | 0.04% | 4.60% |
Frequently Asked Questions
Which is cheaper, AMAX or VTI?
AMAX has an expense ratio of 1.36% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $133 per year of difference.
Which performed better, AMAX or VTI?
Over the past year AMAX returned +6.00% vs +22.43% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (5 years), AMAX annualized +3.16% vs +8.16% for VTI. Past performance does not guarantee future results.
Which is riskier, AMAX or VTI?
VTI has been the more volatile fund at 15.4% annualized versus 9.3% for AMAX. Worst drawdown: AMAX -16.3% vs VTI -56.6%.
Should I hold both AMAX and VTI?
AMAX and VTI have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AMAX and VTI?
AMAX and VTI share 1 common holdings with a 0.0% weight overlap. Combined, they hold 2800 unique securities.
Which pays a higher dividend, AMAX or VTI?
AMAX yields 12.08% while VTI yields 1.07%, so AMAX currently pays the higher dividend yield.
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