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ETFs

RH Hedged Multi-Asset Income ETF

AMAX
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Nov 15 2021
Expense Ratio
1.13%
Type
Global Diversified
Fund Owner
ADAPTIVE INVESTMENTS
Volume (1m avg. daily)
$124,475
AUM
$47,883,436
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

QYLD
Global X Funds - Global X NASDAQ 100 Covered Call ETF
30.41%
XYLD
Global X Funds - Global X S&P 500 Covered Call ETF
29.77%
TLT
BlackRock Institutional Trust Company N.A. - iShares 20+ Year Treasury Bond ETF
26.45%
MLPA
Global X Funds - Global X MLP ETF
4.13%
IEO
BlackRock Institutional Trust Company N.A. - iShares U.S. Oil & Gas Exploration & Production ETF
2.51%
NS
NUSTAR ENERGY LP
1.54%
USAC
USA COMPRESSION PARTNERS LP
1.42%
DMLP
DORCHESTER MINERALS LP
1.38%
BSM
BLACK STONE MINERALS LP
1.24%
n/a
CWALT 2006-28CB A1510/25/2036 6.5%
0.52%
Invest with AMAX

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.

ETFs related toAMAX

ETFs correlated to AMAX include QYLD, XYLD, AOA

AMAX
Starboard Investment Trust - RH Hedged Multi-Asset Income ETF
QYLD
Global X Funds - Global X NASDAQ 100 Covered Call ETF
XYLD
Global X Funds - Global X S&P 500 Covered Call ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
AOM
BlackRock Institutional Trust Company N.A. - iShares Core Moderate Allocation ETF
PJAN
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - January
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
XDEC
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - December
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF

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 0.0074%. This is the percent change in the value of AMAX over the most recent 1-month period. The 3-month return on AMAX is 0.018%. 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 0.1137%. 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 YLD, FPEI, and DRSK.

ETFs correlated to AMAX include QYLD, XYLD, and AOA.

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

Disclaimers

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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.