AMAX vs XITK

Comparison between ADAPTIVE HEDGED MULTI-ASSET INCOME ETF (AMAX, ETF) and STATE STREET(R) SPDR(R) FACTSET INNOVATIVE TECHNOLOGY ETF (XITK, ETF).

5-Year PerformanceAMAX has outperformed XITK, delivering a return of +3.4% compared to -1.5%

AMAX vs XITK - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	AMAX(ETF)	XITK(ETF)
Net Assets	$60M	$60M
Expense Ratio	1.36%	0.45%
Max Drawdown	28.31%	65.60%
Sharpe Ratio	0.55	0.16
5Y Beta	0.38	1.33
P/E Ratio	N/A	145.40
Forward P/E	N/A	31.09
Debt to Equity	N/A	67.00%
P/S Ratio	N/A	3.33
P/B Ratio	N/A	5.72

Net Assets

AMAX

$60M

Winner

XITK

$60M

Expense Ratio

AMAX

1.36%

Winner

XITK

0.45%

Max Drawdown

Winner

AMAX

28.31%

XITK

65.60%

Sharpe Ratio

Winner

AMAX

0.55

XITK

0.16

5Y Beta

Winner

AMAX

0.38

XITK

1.33

P/E Ratio

AMAX

N/A

XITK

145.40

Forward P/E

AMAX

N/A

XITK

31.09

Debt to Equity

AMAX

N/A

XITK

67.00%

P/S Ratio

AMAX

N/A

XITK

3.33

P/B Ratio

AMAX

N/A

XITK

5.72

AMAX vs XITK - Historical Returns

Returns include dividend reinvestment.

Period	AMAX	XITK
1 month	-2.92%	+3.57%
3 months	-1.94%	+21.81%
6 months	+1.58%	+6.73%
1 year	+9.75%	+4.16%
5 years(CAGR)	+3.37%	-1.48%
10 years(CAGR)	N/A	+13.61%
Max(CAGR)	+3.37%	+14.43%

AMAX

-2.92%

Winner

XITK

+3.57%

AMAX

-1.94%

Winner

XITK

+21.81%

AMAX

+1.58%

Winner

XITK

+6.73%

Winner

AMAX

+9.75%

XITK

+4.16%

5Y(CAGR)

Winner

AMAX

+3.37%

XITK

-1.48%

10Y(CAGR)

AMAX

N/A

XITK

+13.61%

Max(CAGR)

AMAX

+3.37%

Winner

XITK

+14.43%

AMAX vs XITK - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	AMAX	XITK
2026	+2.45%	+8.42%
2025	+10.82%	+1.90%
2024	+10.07%	+22.79%
2023	+6.91%	+46.39%
2022	-12.46%	-47.61%
2021	-0.20%	-10.02%
2020	N/A	+84.95%
2019	N/A	+36.75%
2018	N/A	+6.04%
2017	N/A	+35.99%
2016	N/A	+19.19%

AMAX vs XITK Drawdown Comparison

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

The maximum drawdown for XITK was -65.56%, occurring on Nov 9, 2022. This drawdown has not yet recovered.

The current AMAX drawdown is -4.41%. The current XITK drawdown is -26.74%.

Rank	AMAX	XITK
#1	-16.26% Nov 17, 2021 - Apr 3, 2024	-65.56% Feb 12, 2021 - Nov 9, 2022
#2	-9.26% Feb 19, 2025 - May 14, 2025	-33.74% Feb 19, 2020 - May 20, 2020
#3	-7.51% Jan 28, 2026 - May 8, 2026	-25.80% Sep 14, 2018 - Mar 18, 2019
#4	-5.73% Jul 17, 2024 - Aug 19, 2024	-13.12% Sep 1, 2020 - Oct 9, 2020
#5	-5.38% Oct 20, 2025 - Jan 22, 2026	-12.89% Jul 26, 2019 - Nov 25, 2019
#6	-4.41% May 11, 2026 - Jun 5, 2026	-12.66% Jan 14, 2016 - Mar 1, 2016
#7	-3.54% Apr 3, 2024 - May 20, 2024	-11.81% May 3, 2019 - Jul 12, 2019
#8	-2.95% Dec 11, 2024 - Jan 22, 2025	-9.24% Oct 13, 2020 - Nov 5, 2020
#9	-2.23% Nov 8, 2024 - Dec 11, 2024	-9.13% Nov 6, 2020 - Nov 25, 2020
#10	-2.01% Jan 31, 2025 - Feb 19, 2025	-8.85% Oct 5, 2016 - Feb 9, 2017
#11	-2.00% Jan 22, 2025 - Jan 31, 2025	-8.77% Jun 8, 2016 - Jul 11, 2016
#12	-1.89% Jun 13, 2025 - Jul 2, 2025	-8.60% Jun 18, 2018 - Aug 24, 2018
#13	-1.69% May 20, 2025 - Jun 6, 2025	-8.44% Mar 12, 2018 - May 9, 2018
#14	-1.62% May 20, 2024 - Jun 17, 2024	-7.46% Jan 26, 2018 - Feb 15, 2018
#15	-1.62% Jun 20, 2024 - Jul 9, 2024	-7.32% Aug 5, 2020 - Aug 26, 2020

Correlation

Correlation between AMAX and XITK is 0.79 which considered as a strong positive correlation - the stocks tend to move together.

0.79

-101

Dividend Comparison (2016 - 2026)

AMAX vs XITK dividend yield comparison.

Year	AMAX	XITK
2026	5.19%	0.00%
2025	9.19%	0.00%
2024	7.36%	0.00%
2023	6.99%	0.08%
2022	11.22%	0.11%
2021	1.00%	0.00%
2020	0.00%	0.06%
2019	0.00%	0.14%
2018	0.00%	1.50%
2017	0.00%	1.74%
2016	0.00%	1.88%