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AMAX Adaptive Hedged Multi-Asset Income ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
AMAX
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Key stats
About
Adaptive Hedged Multi-Asset Income ETF (AMAX) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2009-10-02
- Has Options
- No
Fund profile
holdings as of May 31, 2026SEC filingthrough May 2026flows, SEC filings
- Expense ratio
- 1.36% prospectus, filed Sep 26, 2025
- Assets
- $64M SEC filing, May 31, 2026
- Trailing yield
- 12.12% paid monthly
- Average daily volume
- $400K 30 sessions
- Holdings
- 21 top 10 are 80.3%
- Listed
- Oct 2, 2009 NYSE Arca
- Last fee change
- +7 bp filed Sep 27, 2024
Cost2
Liquidity20
Scale30
Diversification9
Moves with. Gold (29% of its variance, beta 0.19); US large-cap stocks (14% of its variance, beta 0.24); Bitcoin (10% of its variance, beta 0.06). These factors explain 59% of its daily moves over the last year.
Stated objective. The Adaptive Hedged Multi-Asset Income ETF (the Fund) seeks total return through a combination of capital appreciation and current income. (from the fund's prospectus)
All 21 holdingsFlow historySimilar fundsOverlap toolAll Multisector Bond ETFs
Fund flows
through May 2026SEC filings- May 2026
- +$4.0M latest reported month
- Latest 3 months
- +$16M +25.3% of assets
- Latest 12 months
- +$42M +66.1% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | +$4.0M |
| Apr 2026 | +$9.1M |
| Mar 2026 | +$3.0M |
| Feb 2026 | +$950K |
| Jan 2026 | +$5.6M |
| Dec 2025 | +$2.2M |
| Nov 2025 | +$4.6M |
| Oct 2025 | +$1.2M |
| Sep 2025 | +$4.3M |
| Aug 2025 | +$6.5M |
| Jul 2025 | +$160K |
| Jun 2025 | +$392K |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 57 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| RHRXAdaptive Tactical Rotation ETF | 20% | 1.38% | $36M | +19.8% | compare |
| RHTXRH Tactical Outlook ETF | 15% | 1.51% | $8.2M | +8.6% | compare |
| VEGAAdvisorShares STAR Global Buy-Write ETF | 13% | 1.25% | $93M | +7.3% | compare |
| NOEQNorthern Trust US Equity ETF | 13% | 0.12% | $876M | — | compare |
| AESRAnfield U.S. Equity Sector Rotation ETF | 13% | 0.97% | $243M | −4.4% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of May 31, 2026SEC filing- Insider buying
- 0% of weight had net insider buying, 90 days; 11% net selling
- 13F holders
- −0.0% change in shares held by institutions, latest quarter
- Reporting earnings
- 0.0% of weight in 7 days; 11.2% in 14
Holdings reporting in the next 14 days
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
What changed in the portfolio
Feb 28, 2026 → May 31, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Exit | VTVVanguard Value ETF | 6.45% | — | — |
| New position | SPYGSPDR Portfolio S&P 5 | — | 6.33% | — |
| Exit | USOIX-Links Crude Oil Sh | 5.07% | — | — |
| Decrease | IGLDFT Vest Gold Strateg | 11.65% | 7.47% | −21.3% |
| Exit | QQQInvesco QQQ Trust Se | 0.07% | — | — |
1 new, 3 exited, 0 increased and 1 decreased between the fund's two latest holdings reports; turnover 32.7%. Full holdings and history
Under the hood
fiscal year to May 31, 2026SEC census- Authorized participants
- 2 active of 2 with agreements; top 3 did 100%
- Created · redeemed
- $51M · $49M over the fiscal year
- Redemptions in kind
- 55% creations 58% in kind
- Creation unit
- 10,000 shares
- Securities lending
- authorized, none lent
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-05-31
Holdings
21
AUM
$74.8M
Provider
Nport
Inception
2009-10-02
Exchange
ARCX
Data As Of
2026-05-31
Expense Ratio
1.36%
Dividend Yield
12.11%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-29 | 2026-09-30 | $0.0757 | CD |
| 2026-08-28 | 2026-08-31 | $0.0754 | CD |
| 2026-07-30 | 2026-07-31 | $0.0743 | CD |
| 2026-06-29 | 2026-06-30 | $0.0760 | CD |
| 2026-05-28 | 2026-05-29 | $0.0789 | CD |
| 2026-04-29 | 2026-04-30 | $0.0770 | CD |
Asset Allocation
Top Holdings
top 21 of 21 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | Fidelity Investments | 33.56% | Short-term investment | US |
| TLT | iShares 20+ Year Tre | 20.87% | Equity (common) | US |
| — | RH Hedged Multi-Asse | 17.00% | Other | US |
| SPY | State Street SPDR | 13.13% | Equity (common) | US |
| IGLD | FT Vest Gold Strateg | 7.47% | Equity (common) | US |
| MSTR | MicroStrategy Inc | 7.33% | Equity (common) | US |
| SPYG | SPDR Portfolio S&P 5 | 6.33% | Equity (common) | US |
| GDX | VanEck Vectors Gold | 4.96% | Equity (common) | US |
| GOOY | YieldMax GOOGL Optio | 1.31% | Equity (common) | US |
| APLY | YieldMax AAPL Option | 1.03% | Equity (common) | US |
| NVDY | YieldMax NVDA Option | 0.86% | Equity (common) | US |
| AMZY | Yieldmax Amzn Option | 0.85% | Equity (common) | US |
| MSFO | YieldMax MSFT Option | 0.79% | Equity (common) | US |
| FBY | Yieldmax Meta Option | 0.66% | Equity (common) | US |
| — | MicroStrategy Inc | 0.53% | Derivative (equity) | US |
| — | CWALT 2006-28CB A15 | 0.30% | Mortgage-backed | US |
| — | AHM 2004-1 4M1 | 0.16% | Mortgage-backed | US |
| — | CWALT 2005-J11 | 0.04% | Mortgage-backed | US |
| — | State Street SPDR | 0.00% | Derivative (equity) | US |
| — | MicroStrategy Inc | 0.00% | Derivative (equity) | US |
| — | iShares 20+ Year Tre | -0.05% | Derivative (equity) | US |
Non-Equity Breakdown
Adaptive Hedged Multi-Asset Income ETF ·
NPORT-P period 2026-05-31
(filed 2026-07-27)
Net assets:
$64M
· 21 total positions
· equity 65.59%
· non-equity 51.54%
Non-equity holdings
— 9 positions,
51.54% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 33.56% | $21.4M | 1 |
| Other | 17.00% | $10.9M | 1 |
| Mortgage-backed (Corporate) | 0.50% | $314723 | 3 |
| Derivative (equity) | 0.48% | $308362 | 4 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -- | -4.85% | 4.50% | 1.19% | 1.73% | 2.34% | 0.98% |
| Feb | -- | -0.05% | -3.67% | 1.57% | -2.67% | 1.94% | -0.58% |
| Mar | -- | -0.46% | 0.19% | 1.91% | -3.39% | -6.34% | -1.62% |
| Apr | -- | -4.89% | 0.41% | -3.33% | 1.15% | 1.81% | -0.97% |
| May | -- | -2.60% | 0.00% | 1.47% | 2.03% | -0.39% | 0.10% |
| Jun | -- | -2.88% | -0.87% | -0.74% | 0.62% | -6.33% | -2.04% |
| Jul | -- | 0.90% | -0.19% | 0.98% | 0.90% | -1.13% | 0.29% |
| Aug | -- | -4.91% | -1.64% | 1.27% | 1.08% | 1.88% | -0.46% |
| Sep | -- | -5.22% | -5.03% | 0.78% | 3.08% | -2.38% | -1.75% |
| Oct | -- | 1.22% | -1.26% | -1.01% | -1.20% | -0.50%* | -0.55% |
| Nov | -3.11% | 1.29% | 3.88% | -0.50% | -1.67% | -- | -0.02% |
| Dec | 2.65% | -2.73% | 2.56% | -2.32% | -1.31% | -- | -0.23% |
| Total | -0.54% | -22.76% | -1.54% | 1.12% | 0.13% | -9.19% | -5.46% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $7.46
SMA 50: $7.54
SMA 200: $7.78
Current: $7.43
EMA 12: $7.44
EMA 26: $7.48
MACD: -0.0343 | Signal: -0.0015
BEARISH
ADX (14): 15.31
RANGE
+DI: 22.53
−DI: 15.33
Momentum Oscillators
RSI (14): 46.16
NEUTRAL
Stoch %K: 29.88
Stoch %D: 27.54
Williams %R: -63.96
Volume & Volatility
BB Upper: $7.59
BB Lower: $7.33
NEUTRAL
OBV: 1,749,412
Vol SMA 20: 47,432
Vol ROC: -75.85%
ATR: $0.10
True Range: $0.06
HV 20: 13.2%
HV 30: 12.9%
HV 60: 13.1%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report: AMAX
Executive Summary
BULLISH (Confidence Level: 6/10)
Key drivers:
- Technical indicators suggest a weak trend, but recent price action has been consolidating near key support levels.
- Recent news sentiment is neutral, with no significant market-moving headlines in the past week.
Primary risks:
- Continued weakness in technical indicators could lead to further price declines.
- Lack of earnings data and options activity makes it difficult to gauge future price movements.
Investment thesis: AMAX appears to be consolidating near support levels, with limited upside potential. A bullish case can be made if the stock breaks above the upper Bollinger Band, indicating a strong momentum shift.
Recent news sentiment impact: The neutral sentiment from recent headlines has not had a significant impact on the stock's price action.
Technical Analysis
Trend Direction: Weak trend (Short-term), Consolidation (Medium-term)
Support/Resistance Levels:
- Upper Bollinger Band: $8.07
- Middle Bollinger Band: $7.83
- Lower Bollinger Band: $7.60
Momentum Signals:
- RSI interpretation: Neutral (43.35)
- MACD signal: Bearish (-0.06 / -0.02 / -0.06)
- Bollinger Bands position: Neutral (price touches middle band)
Volume Analysis: Volume SMA 20: 47200.30, On-Balance Volume (OBV): 2694671.55
News & Sentiment Analysis
Recent Headlines Summary:
- No significant market-moving headlines in the past week.
Sentiment Assessment: Neutral
Catalyst Identification: None
Market Narrative: The neutral sentiment from recent headlines has not had a significant impact on the stock's price action, which is consolidating near support levels.
Risk & Volatility Assessment
Risk Metrics:
- Beta: 0.50 (vs SPY)
- Alpha: -0.14
- Correlation: 0.56
- Stock Volatility: 0.11
Interpretation: Low volatility - stock moves less than market
Options Market Signals: None available
Downside Protection: Support levels at $7.60 and $7.40
Market Context & Positioning
Sector Performance: Neutral (vs sector)
Institutional Activity: Volume patterns suggest institutional interest, but no specific trading activity is evident.
Correlation Analysis: R-squared interpretation suggests AMAX moves less than the market.
Relative Valuation: The stock's price action is consolidating near support levels, with limited upside potential.
Key Levels & Action Items
Critical Price Levels:
- Support at $7.60 and $7.40
Breakout/Breakdown Levels:
- Upper Bollinger Band at $8.07 (bullish)
- Lower Bollinger Band at $7.60 (bearish)
Time-Sensitive Catalysts: None
Risk Management: Stop-loss levels should be set near the support levels ($7.60 and $7.40) to mitigate potential losses.
This analysis provides a comprehensive overview of AMAX's technical, news, and risk profiles. The stock appears to be consolidating near support levels, with limited upside potential. A bullish case can be made if the stock breaks above the upper Bollinger Band, indicating a strong momentum shift. However, continued weakness in technical indicators could lead to further price declines.
Generated
News
All AMAX news →
AMAX Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 0.5456
Alpha: -18.49%
Correlation: 0.5652
R-Squared: 31.9%
Stock Volatility: 12.3%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
AMAX Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
AMAX Constituent Performance
Click any bar to view the full quote for that stock.
AMAX Constituents (12 of 12)
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| TLT | iShares 20+ Year Tre | 20.87% | $80.24 | +0.14% | +1.71% | -0.27% |
| SPY | State Street SPDR | 13.13% | $773.09 | +0.53% | +0.45% | +0.69% |
| IGLD | FT Vest Gold Strateg | 7.47% | $20.06 | +0.15% | +0.70% | -4.11% |
| MSTR | MicroStrategy Inc | 7.33% | $153.48 | +7.54% | +7.15% | -5.38% |
| SPYG | SPDR Portfolio S&P 5 | 6.33% | $122.04 | +0.73% | -0.56% | -0.83% |
| GDX | VanEck Vectors Gold | 4.96% | $86.72 | +0.72% | +3.98% | -7.31% |
| GOOY | YieldMax GOOGL Optio | 1.31% | $11.66 | -1.27% | -3.40% | -1.69% |
| APLY | YieldMax AAPL Option | 1.03% | $11.95 | +1.62% | -0.08% | -0.25% |
| NVDY | YieldMax NVDA Option | 0.86% | $12.07 | +2.03% | -0.98% | -4.66% |
| AMZY | Yieldmax Amzn Option | 0.85% | $10.49 | +0.00% | +1.65% | +1.65% |
| MSFO | YieldMax MSFT Option | 0.79% | $12.58 | +0.24% | +0.06% | +3.37% |
| FBY | Yieldmax Meta Option | 0.66% | $9.04 | +0.67% | -4.84% | -8.59% |