AMAX vs EMM
Comparison between ADAPTIVE HEDGED MULTI-ASSET INCOME ETF (AMAX, ETF) and GLOBAL X EMERGING MARKETS EX-CHINA ETF (EMM, ETF).
AMAX vs EMM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
AMAX
$64M
EMM
$63M
Expense Ratio
AMAX
1.36%
Winner
EMM
0.66%
Max Drawdown
AMAX
28.31%
Winner
EMM
22.37%
Sharpe Ratio
AMAX
0.52
Winner
EMM
1.79
5Y Beta
Winner
AMAX
0.38
EMM
0.89
AMAX vs EMM - Historical Returns
Returns include dividend reinvestment.
1M
AMAX
-3.87%
Winner
EMM
+4.58%
3M
AMAX
-0.71%
Winner
EMM
+24.17%
6M
AMAX
+1.56%
Winner
EMM
+35.77%
1Y
AMAX
+8.30%
Winner
EMM
+53.32%
5Y(CAGR)
AMAX
+3.38%
EMM
N/A
Max(CAGR)
AMAX
+3.38%
Winner
EMM
+20.76%
AMAX vs EMM - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | AMAX | EMM |
|---|---|---|
| 2026 | +2.58% | +27.73% |
| 2025 | +10.82% | +28.49% |
| 2024 | +10.07% | +3.68% |
| 2023 | +6.91% | +3.39% |
| 2022 | -12.46% | N/A |
| 2021 | -0.20% | N/A |
AMAX vs EMM Drawdown Comparison
The maximum drawdown for AMAX was -16.26%, occurring on Oct 14, 2022. Recovery took 595 trading sessions.
The maximum drawdown for EMM was -21.99%, occurring on Apr 8, 2025. Recovery took 239 trading sessions.
The current AMAX drawdown is -4.29%. The current EMM drawdown is -3.59%.
| Rank | AMAX | EMM |
|---|---|---|
| #1 | -16.26% Nov 17, 2021 - Apr 3, 2024 | -21.99% Jul 10, 2024 - Jun 24, 2025 |
| #2 | -9.26% Feb 19, 2025 - May 14, 2025 | -14.75% Feb 25, 2026 - Apr 17, 2026 |
| #3 | -7.51% Jan 28, 2026 - May 8, 2026 | -13.61% Jul 31, 2023 - Mar 1, 2024 |
| #4 | -5.73% Jul 17, 2024 - Aug 19, 2024 | -8.61% Jun 2, 2026 - Jun 10, 2026 |
| #5 | -5.47% May 11, 2026 - Jun 10, 2026 | -6.83% May 8, 2026 - May 26, 2026 |
| #6 | -5.38% Oct 20, 2025 - Jan 22, 2026 | -6.53% Apr 8, 2024 - Jun 12, 2024 |
| #7 | -3.54% Apr 3, 2024 - May 20, 2024 | -5.10% Jun 15, 2023 - Jul 13, 2023 |
| #8 | -2.95% Dec 11, 2024 - Jan 22, 2025 | -5.09% Nov 3, 2025 - Dec 10, 2025 |
| #9 | -2.23% Nov 8, 2024 - Dec 11, 2024 | -4.18% May 15, 2023 - Jun 6, 2023 |
| #10 | -2.01% Jan 31, 2025 - Feb 19, 2025 | -4.17% Dec 10, 2025 - Dec 26, 2025 |
| #11 | -2.00% Jan 22, 2025 - Jan 31, 2025 | -3.52% Oct 8, 2025 - Oct 16, 2025 |
| #12 | -1.89% Jun 13, 2025 - Jul 2, 2025 | -2.50% Jul 3, 2025 - Sep 9, 2025 |
| #13 | -1.69% May 20, 2025 - Jun 6, 2025 | -2.37% Mar 12, 2024 - Mar 28, 2024 |
| #14 | -1.62% May 20, 2024 - Jun 17, 2024 | -2.35% Jul 13, 2023 - Jul 26, 2023 |
| #15 | -1.62% Jun 20, 2024 - Jul 9, 2024 | -2.34% Feb 3, 2026 - Feb 6, 2026 |
Correlation
Correlation between AMAX and EMM is 0.87 which considered as a strong positive correlation - the stocks tend to move together.
0.87
-101
Dividend Comparison (2021 - 2026)
AMAX vs EMM dividend yield comparison.
| Year | AMAX | EMM |
|---|---|---|
| 2026 | 5.18% | 0.00% |
| 2025 | 9.19% | 0.90% |
| 2024 | 7.36% | 0.80% |
| 2023 | 6.99% | 0.66% |
| 2022 | 11.22% | 0.00% |
| 2021 | 1.00% | 0.00% |
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