AMAX vs QMNV

Comparison between ADAPTIVE HEDGED MULTI-ASSET INCOME ETF (AMAX, ETF) and FT VEST NASDAQ-100 MODERATE BUFFER ETF - NOVEMBER (QMNV, ETF).

AMAX vs QMNV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	AMAX(ETF)	QMNV(ETF)
Net Assets	$64M	$64M
Expense Ratio	1.36%	0.90%
Max Drawdown	28.31%	12.82%
Sharpe Ratio	0.52	2.00
5Y Beta	0.38	0.60

Net Assets

AMAX

$64M

Winner

QMNV

$64M

Expense Ratio

AMAX

1.36%

Winner

QMNV

0.90%

Max Drawdown

AMAX

28.31%

Winner

QMNV

12.82%

Sharpe Ratio

AMAX

0.52

Winner

QMNV

2.00

5Y Beta

Winner

AMAX

0.38

QMNV

0.60

AMAX vs QMNV - Historical Returns

Returns include dividend reinvestment.

Period	AMAX	QMNV
1 month	-3.87%	+0.54%
3 months	-0.71%	+7.78%
6 months	+1.56%	+7.12%
1 year	+8.30%	+18.62%
5 years(CAGR)	+3.38%	N/A
Max(CAGR)	+3.38%	+15.27%

AMAX

-3.87%

Winner

QMNV

+0.54%

AMAX

-0.71%

Winner

QMNV

+7.78%

AMAX

+1.56%

Winner

QMNV

+7.12%

AMAX

+8.30%

Winner

QMNV

+18.62%

5Y(CAGR)

AMAX

+3.38%

QMNV

N/A

Max(CAGR)

AMAX

+3.38%

Winner

QMNV

+15.27%

AMAX vs QMNV - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	AMAX	QMNV
2026	+2.58%	+6.66%
2025	+10.82%	+15.63%
2024	+10.07%	+1.28%
2023	+6.91%	N/A
2022	-12.46%	N/A
2021	-0.20%	N/A

AMAX vs QMNV Drawdown Comparison

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

The maximum drawdown for QMNV was -12.82%, occurring on Apr 8, 2025. Recovery took 72 trading sessions.

The current AMAX drawdown is -4.29%. The current QMNV drawdown is -0.76%.

Rank	AMAX	QMNV
#1	-16.26% Nov 17, 2021 - Apr 3, 2024	-12.82% Feb 19, 2025 - Jun 3, 2025
#2	-9.26% Feb 19, 2025 - May 14, 2025	-5.73% Jan 28, 2026 - Apr 14, 2026
#3	-7.51% Jan 28, 2026 - May 8, 2026	-2.00% Dec 16, 2024 - Jan 22, 2025
#4	-5.73% Jul 17, 2024 - Aug 19, 2024	-1.87% Jun 1, 2026 - Jun 10, 2026
#5	-5.47% May 11, 2026 - Jun 10, 2026	-1.64% Dec 10, 2025 - Dec 23, 2025
#6	-5.38% Oct 20, 2025 - Jan 22, 2026	-1.62% Jan 23, 2025 - Feb 13, 2025
#7	-3.54% Apr 3, 2024 - May 20, 2024	-1.34% Jan 9, 2026 - Jan 26, 2026
#8	-2.95% Dec 11, 2024 - Jan 22, 2025	-1.00% Aug 14, 2025 - Aug 28, 2025
#9	-2.23% Nov 8, 2024 - Dec 11, 2024	-0.95% Jul 28, 2025 - Aug 6, 2025
#10	-2.01% Jan 31, 2025 - Feb 19, 2025	-0.85% Oct 9, 2025 - Oct 20, 2025
#11	-2.00% Jan 22, 2025 - Jan 31, 2025	-0.79% Jun 10, 2025 - Jun 23, 2025
#12	-1.89% Jun 13, 2025 - Jul 2, 2025	-0.75% Aug 28, 2025 - Sep 4, 2025
#13	-1.69% May 20, 2025 - Jun 6, 2025	-0.66% Dec 26, 2025 - Jan 6, 2026
#14	-1.62% May 20, 2024 - Jun 17, 2024	-0.59% Dec 6, 2024 - Dec 11, 2024
#15	-1.62% Jun 20, 2024 - Jul 9, 2024	-0.43% May 14, 2026 - May 21, 2026