AMAX vs RIGS

Comparison between ADAPTIVE HEDGED MULTI-ASSET INCOME ETF (AMAX, ETF) and RIVERFRONT STRATEGIC INCOME FUND (RIGS, ETF).

5-Year PerformanceAMAX has outperformed RIGS, delivering a return of +3.4% compared to +2.1%

AMAX vs RIGS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	AMAX(ETF)	RIGS(ETF)
Net Assets	$64M	$64M
Expense Ratio	1.36%	0.45%
Max Drawdown	28.31%	18.27%
Sharpe Ratio	0.52	0.12
5Y Beta	0.38	0.08
5Y Dividends CAGR	N/A	6.50%

Net Assets

Winner

AMAX

$64M

RIGS

$64M

Expense Ratio

AMAX

1.36%

Winner

RIGS

0.45%

Max Drawdown

AMAX

28.31%

Winner

RIGS

18.27%

Sharpe Ratio

Winner

AMAX

0.52

RIGS

0.12

5Y Beta

AMAX

0.38

Winner

RIGS

0.08

5Y Dividends CAGR

AMAX

N/A

RIGS

6.50%

AMAX vs RIGS - Historical Returns

Returns include dividend reinvestment.

Period	AMAX	RIGS
1 month	-3.87%	+0.58%
3 months	-0.71%	+0.85%
6 months	+1.56%	+1.42%
1 year	+8.30%	+4.36%
5 years(CAGR)	+3.38%	+2.10%
10 years(CAGR)	N/A	+3.18%
Max(CAGR)	+3.38%	+3.31%

AMAX

-3.87%

Winner

RIGS

+0.58%

AMAX

-0.71%

Winner

RIGS

+0.85%

Winner

AMAX

+1.56%

RIGS

+1.42%

Winner

AMAX

+8.30%

RIGS

+4.36%

5Y(CAGR)

Winner

AMAX

+3.38%

RIGS

+2.10%

10Y(CAGR)

AMAX

N/A

RIGS

+3.18%

Max(CAGR)

Winner

AMAX

+3.38%

RIGS

+3.31%

AMAX vs RIGS - Annual Returns (2013 - 2026)

Returns include dividend reinvestment.

Year	AMAX	RIGS
2026	+2.58%	+1.06%
2025	+10.82%	+5.94%
2024	+10.07%	+5.48%
2023	+6.91%	+6.00%
2022	-12.46%	-5.44%
2021	-0.20%	+1.67%
2020	N/A	+3.32%
2019	N/A	+7.56%
2018	N/A	-0.27%
2017	N/A	+4.32%
2016	N/A	+8.78%
2015	N/A	+0.62%
2014	N/A	+2.04%
2013	N/A	+2.53%

AMAX vs RIGS Drawdown Comparison

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

The maximum drawdown for RIGS was -15.31%, occurring on Mar 23, 2020. Recovery took 98 trading sessions.

The current AMAX drawdown is -4.29%. The current RIGS drawdown is -1.38%.

Rank	AMAX	RIGS
#1	-16.26% Nov 17, 2021 - Apr 3, 2024	-15.31% Jan 16, 2020 - Jun 8, 2020
#2	-9.26% Feb 19, 2025 - May 14, 2025	-9.03% Aug 20, 2021 - Jun 13, 2024
#3	-7.51% Jan 28, 2026 - May 8, 2026	-5.18% Apr 3, 2025 - Jun 30, 2025
#4	-5.73% Jul 17, 2024 - Aug 19, 2024	-4.79% Jun 1, 2015 - Mar 1, 2016
#5	-5.47% May 11, 2026 - Jun 10, 2026	-4.55% Sep 22, 2025 - Oct 1, 2025
#6	-5.38% Oct 20, 2025 - Jan 22, 2026	-3.86% Jul 8, 2014 - Jan 29, 2015
#7	-3.54% Apr 3, 2024 - May 20, 2024	-3.48% Jul 24, 2025 - Sep 2, 2025
#8	-2.95% Dec 11, 2024 - Jan 22, 2025	-3.33% Sep 17, 2024 - Feb 28, 2025
#9	-2.23% Nov 8, 2024 - Dec 11, 2024	-2.89% Jun 8, 2020 - Jul 16, 2020
#10	-2.01% Jan 31, 2025 - Feb 19, 2025	-2.85% Feb 28, 2025 - Mar 28, 2025
#11	-2.00% Jan 22, 2025 - Jan 31, 2025	-2.56% Oct 19, 2016 - Jan 4, 2017
#12	-1.89% Jun 13, 2025 - Jul 2, 2025	-2.39% Jan 4, 2018 - Aug 20, 2018
#13	-1.69% May 20, 2025 - Jun 6, 2025	-1.93% Mar 1, 2017 - Apr 18, 2017
#14	-1.62% May 20, 2024 - Jun 17, 2024	-1.85% Jun 23, 2016 - Jul 1, 2016
#15	-1.62% Jun 20, 2024 - Jul 9, 2024	-1.75% Jun 25, 2024 - Jul 11, 2024

Correlation

Correlation between AMAX and RIGS is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.

0.96

-101

Dividend Comparison (2013 - 2026)

AMAX vs RIGS dividend yield comparison.

Year	AMAX	RIGS
2026	5.18%	1.97%
2025	9.19%	4.84%
2024	7.36%	4.48%
2023	6.99%	3.48%
2022	11.22%	2.71%
2021	1.00%	2.47%
2020	0.00%	3.77%
2019	0.00%	3.87%
2018	0.00%	4.54%
2017	0.00%	4.45%
2016	0.00%	4.46%
2015	0.00%	3.61%
2014	0.00%	3.31%
2013	0.00%	0.46%