AMAX vs PZLV
Comparison between ADAPTIVE HEDGED MULTI-ASSET INCOME ETF (AMAX, ETF) and Pzena U.S. Large Cap Value (PZLV, ETF).
AMAX vs PZLV - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
AMAX
$60M
PZLV
$60M
Expense Ratio
AMAX
1.36%
Winner
PZLV
0.60%
Max Drawdown
AMAX
28.31%
Winner
PZLV
2.30%
Sharpe Ratio
AMAX
0.55
Winner
PZLV
4.19
5Y Beta
Winner
AMAX
0.38
PZLV
0.66
P/E Ratio
AMAX
N/A
PZLV
18.82
Forward P/E
AMAX
N/A
PZLV
10.13
PEG Ratio
AMAX
N/A
PZLV
0.34
5Y EPS CAGR
AMAX
N/A
PZLV
-3.74%
Debt to Equity
AMAX
N/A
PZLV
73.69%
P/S Ratio
AMAX
N/A
PZLV
0.69
P/B Ratio
AMAX
N/A
PZLV
1.61
AMAX vs PZLV - Historical Returns
Returns include dividend reinvestment.
1M
AMAX
-2.92%
Winner
PZLV
+4.71%
3M
AMAX
-1.94%
PZLV
N/A
6M
AMAX
+1.58%
PZLV
N/A
1Y
AMAX
+9.75%
PZLV
N/A
5Y(CAGR)
AMAX
+3.37%
PZLV
N/A
Max(CAGR)
AMAX
+3.37%
Winner
PZLV
+84.93%
AMAX vs PZLV - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | AMAX | PZLV |
|---|---|---|
| 2026 | +2.45% | +11.56% |
| 2025 | +10.82% | N/A |
| 2024 | +10.07% | N/A |
| 2023 | +6.91% | N/A |
| 2022 | -12.46% | N/A |
| 2021 | -0.20% | N/A |
AMAX vs PZLV Drawdown Comparison
The maximum drawdown for AMAX was -16.26%, occurring on Oct 14, 2022. Recovery took 595 trading sessions.
The maximum drawdown for PZLV was -2.30%, occurring on May 13, 2026. Recovery took 15 trading sessions.
The current AMAX drawdown is -4.41%. The current PZLV drawdown is -0.54%.
| Rank | AMAX | PZLV |
|---|---|---|
| #1 | -16.26% Nov 17, 2021 - Apr 3, 2024 | -2.30% Apr 30, 2026 - May 21, 2026 |
| #2 | -9.26% Feb 19, 2025 - May 14, 2025 | -1.59% Apr 20, 2026 - Apr 30, 2026 |
| #3 | -7.51% Jan 28, 2026 - May 8, 2026 | -0.99% Apr 9, 2026 - Apr 13, 2026 |
| #4 | -5.73% Jul 17, 2024 - Aug 19, 2024 | -0.56% Jun 2, 2026 - Jun 4, 2026 |
| #5 | -5.38% Oct 20, 2025 - Jan 22, 2026 | -0.54% Jun 4, 2026 - Jun 5, 2026 |
| #6 | -4.41% May 11, 2026 - Jun 5, 2026 | -0.13% Apr 13, 2026 - Apr 15, 2026 |
| #7 | -3.54% Apr 3, 2024 - May 20, 2024 | -0.13% Apr 1, 2026 - Apr 6, 2026 |
| #8 | -2.95% Dec 11, 2024 - Jan 22, 2025 | -0.01% May 26, 2026 - May 28, 2026 |
| #9 | -2.23% Nov 8, 2024 - Dec 11, 2024 | N/A |
| #10 | -2.01% Jan 31, 2025 - Feb 19, 2025 | N/A |
| #11 | -2.00% Jan 22, 2025 - Jan 31, 2025 | N/A |
| #12 | -1.89% Jun 13, 2025 - Jul 2, 2025 | N/A |
| #13 | -1.69% May 20, 2025 - Jun 6, 2025 | N/A |
| #14 | -1.62% May 20, 2024 - Jun 17, 2024 | N/A |
| #15 | -1.62% Jun 20, 2024 - Jul 9, 2024 | N/A |
Correlation
Correlation between AMAX and PZLV is -0.25 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.25
-101
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