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ETFs

RH Hedged Multi-Asset Income ETF

AMAX
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Oct 2, 2009
Expense Ratio
1.13%
Type
Global Diversified
Fund Owner
ADAPTIVE INVESTMENTS
Volume (1m avg. daily)
$87,868
AUM
$31,009,902
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

TLT
BlackRock Institutional Trust Company N.A. - iShares 20+ Year Treasury Bond ETF
26.09%
QYLD
Global X Funds - Global X NASDAQ 100 Covered Call ETF
23.02%
XYLD
Global X Funds - Global X S&P 500 Covered Call ETF
22.74%
GLDI
Credit Suisse AG Nassau Branch - Credit Suisse X-Links Gold Shares Covered Call ETN
22.29%
IWM
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 ETF
4.82%
—
CWALT 2006-28CB A1510/25/2036 6.5%
0.55%
—
AHM 2004-1 4M104/25/2044 VAR
0.4%
—
CWALT 2005-J1103/25/2022 5%
0.09%
RYLD
Global X Funds - Global X Russell 2000 Covered Call ETF
0.01%
Invest with AMAX
Trade AMAX Options

What is AMAX?

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. The Fund s portfolio will consist of a mix of direct and indirect investments through Portfolio Funds and each may be all of the Fund s portfolio or none of the Fund s portfolio at any given time. The Fund s fixed income investments, both direct and indirect through Portfolio Funds, may include mortgage backed securities, asset backed securities, commercial mortgage backed securities, non-agency mortgage backed securities, corporate investment grade securities, convertible securities, high yield-high risk bonds (commonly known as junk bonds ), securities issued or guaranteed by certain U.S. Government agencies, instrumentalities and sponsored enterprises, exchange traded notes ( ETNs ) and global debt securities. The Fund s equity investments, both direct and indirect through Portfolio Funds, may include dividend paying equity securities, real estate investment trusts ( REITs ), and preferred securities. The Fund s equity investments will not be limited by sector criteria or market capitalization.

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YTD
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Max
www.composer.trade

AMAX
Performance Measures**

for the time period Nov 15, 2021 to Dec 4, 2025

Returns

1M Trailing Return: 0.8%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 3.6%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -16.3%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 10.2%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.39

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.21

The annualized return divided by the max drawdown for the selected time period.

ETFs related toAMAX

ETFs correlated to AMAX include NTSX, AOM, HNDL

AMAX
Starboard Investment Trust - RH Hedged Multi-Asset Income ETF
NTSX
WisdomTree Trust - WisdomTree U.S. Efficient Core Fund
AOM
BlackRock Institutional Trust Company N.A. - iShares Core Moderate Allocation ETF
HNDL
Strategy Shares - Nasdaq 7HANDL Index ETF 1.23x Shares
QYLD
Global X Funds - Global X NASDAQ 100 Covered Call ETF
AOK
BlackRock Institutional Trust Company N.A. - iShares Core Conservative Allocation ETF
PJAN
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - January
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
CVRD
Madison ETFs Trust - Madison Covered Call ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
FFEB
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - February

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

AMAX is a Global Diversified ETF. 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. The Fund s portfolio will consist of a mix of direct and indirect investments through Portfolio Funds and each may be all of the Fund s portfolio or none of the Fund s portfolio at any given time. The Fund s fixed income investments, both direct and indirect through Portfolio Funds, may include mortgage backed securities, asset backed securities, commercial mortgage backed securities, non-agency mortgage backed securities, corporate investment grade securities, convertible securities, high yield-high risk bonds (commonly known as junk bonds ), securities issued or guaranteed by certain U.S. Government agencies, instrumentalities and sponsored enterprises, exchange traded notes ( ETNs ) and global debt securities. The Fund s equity investments, both direct and indirect through Portfolio Funds, may include dividend paying equity securities, real estate investment trusts ( REITs ), and preferred securities. The Fund s equity investments will not be limited by sector criteria or market capitalization.

Yes, AMAX is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, AMAX is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on AMAX is -0.0211%. This is the percent change in the value of AMAX over the most recent 1-month period. The 3-month return on AMAX is -0.0398%. This is the percent change in the value of AMAX over the most recent 3-month period.

The standard deviation of AMAX for the past year is 0.1054%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to AMAX include AOR, DRSK, and FPEI.

ETFs correlated to AMAX include NTSX, AOM, and HNDL.

ETFs that are inversely correlated to AMAX include SPXS, SPXU, and SDS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.