AMAX vs KNGZ

Comparison between ADAPTIVE HEDGED MULTI-ASSET INCOME ETF (AMAX, ETF) and FIRST TRUST S&P 500 DIVERSIFIED DIVIDEND ARISTOCRATS ETF (KNGZ, ETF).

5-Year PerformanceKNGZ has outperformed AMAX, delivering a return of +9.3% compared to +3.4%

AMAX vs KNGZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	AMAX(ETF)	KNGZ(ETF)
Net Assets	$64M	$64M
Expense Ratio	1.36%	0.50%
Max Drawdown	28.31%	37.44%
Sharpe Ratio	0.52	1.63
5Y Beta	0.38	0.79
P/E Ratio	N/A	18.25
Forward P/E	N/A	13.89
PEG Ratio	N/A	0.04
5Y Dividends CAGR	N/A	9.93%
5Y EPS CAGR	N/A	4.80%
Debt to Equity	N/A	-319.04%
P/S Ratio	N/A	1.42
P/B Ratio	N/A	2.38

Net Assets

AMAX

$64M

Winner

KNGZ

$64M

Expense Ratio

AMAX

1.36%

Winner

KNGZ

0.50%

Max Drawdown

Winner

AMAX

28.31%

KNGZ

37.44%

Sharpe Ratio

AMAX

0.52

Winner

KNGZ

1.63

5Y Beta

Winner

AMAX

0.38

KNGZ

0.79

P/E Ratio

AMAX

N/A

KNGZ

18.25

Forward P/E

AMAX

N/A

KNGZ

13.89

PEG Ratio

AMAX

N/A

KNGZ

0.04

5Y Dividends CAGR

AMAX

N/A

KNGZ

9.93%

5Y EPS CAGR

AMAX

N/A

KNGZ

4.80%

Debt to Equity

AMAX

N/A

KNGZ

-319.04%

P/S Ratio

AMAX

N/A

KNGZ

1.42

P/B Ratio

AMAX

N/A

KNGZ

2.38

AMAX vs KNGZ - Historical Returns

Returns include dividend reinvestment.

Period	AMAX	KNGZ
1 month	-3.87%	+5.89%
3 months	-0.71%	+15.49%
6 months	+1.56%	+14.68%
1 year	+8.30%	+28.22%
5 years(CAGR)	+3.38%	+9.33%
10 years(CAGR)	N/A	+11.46%
Max(CAGR)	+3.38%	+11.46%

AMAX

-3.87%

Winner

KNGZ

+5.89%

AMAX

-0.71%

Winner

KNGZ

+15.49%

AMAX

+1.56%

Winner

KNGZ

+14.68%

AMAX

+8.30%

Winner

KNGZ

+28.22%

5Y(CAGR)

AMAX

+3.38%

Winner

KNGZ

+9.33%

10Y(CAGR)

AMAX

N/A

KNGZ

+11.46%

Max(CAGR)

AMAX

+3.38%

Winner

KNGZ

+11.46%

AMAX vs KNGZ - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	AMAX	KNGZ
2026	+2.58%	+15.69%
2025	+10.82%	+14.39%
2024	+10.07%	+10.63%
2023	+6.91%	+9.48%
2022	-12.46%	-7.56%
2021	-0.20%	+30.02%
2020	N/A	+5.51%
2019	N/A	+27.24%
2018	N/A	-7.47%
2017	N/A	+9.90%

AMAX vs KNGZ Drawdown Comparison

The maximum drawdown for AMAX was -16.26%, occurring on Oct 14, 2022. Recovery took 595 trading sessions.

The maximum drawdown for KNGZ was -37.44%, occurring on Mar 23, 2020. Recovery took 215 trading sessions.

The current AMAX drawdown is -4.29%. The current KNGZ drawdown is -1.42%.

Rank	AMAX	KNGZ
#1	-16.26% Nov 17, 2021 - Apr 3, 2024	-37.44% Jan 17, 2020 - Nov 23, 2020
#2	-9.26% Feb 19, 2025 - May 14, 2025	-19.72% Jan 11, 2022 - Dec 26, 2023
#3	-7.51% Jan 28, 2026 - May 8, 2026	-19.69% Nov 25, 2024 - Jul 3, 2025
#4	-5.73% Jul 17, 2024 - Aug 19, 2024	-16.97% Sep 20, 2018 - Apr 24, 2019
#5	-5.47% May 11, 2026 - Jun 10, 2026	-10.57% Jan 26, 2018 - Aug 21, 2018
#6	-5.38% Oct 20, 2025 - Jan 22, 2026	-9.41% Feb 11, 2026 - Apr 30, 2026
#7	-3.54% Apr 3, 2024 - May 20, 2024	-8.85% May 3, 2019 - Jul 24, 2019
#8	-2.95% Dec 11, 2024 - Jan 22, 2025	-7.97% Jul 24, 2019 - Sep 17, 2019
#9	-2.23% Nov 8, 2024 - Dec 11, 2024	-6.73% Oct 27, 2025 - Dec 3, 2025
#10	-2.01% Jan 31, 2025 - Feb 19, 2025	-6.10% Jul 16, 2024 - Aug 23, 2024
#11	-2.00% Jan 22, 2025 - Jan 31, 2025	-5.73% Jun 4, 2021 - Aug 13, 2021
#12	-1.89% Jun 13, 2025 - Jul 2, 2025	-5.45% Aug 13, 2021 - Nov 5, 2021
#13	-1.69% May 20, 2025 - Jun 6, 2025	-5.45% Mar 28, 2024 - May 15, 2024
#14	-1.62% May 20, 2024 - Jun 17, 2024	-4.49% Sep 17, 2019 - Oct 21, 2019
#15	-1.62% Jun 20, 2024 - Jul 9, 2024	-3.98% Jul 3, 2025 - Aug 13, 2025