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Upturn AI Summary
Adaptive Hedged Multi-Asset Income ETF(AMAX)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for AMAX
09/25/2026: AMAX (1-star) has a low Upturn Star Rating. Not recommended to BUY.
The Adaptive Hedged Multi-Asset Income ETF (AMAX) is an actively managed fund that provides diversified exposure to global equities and fixed income, enhanced by a proprietary hedging strategy to manage downside risk. Its main strengths include its proactive approach to volatility and focus on consistent income generation. The fund serves as a defensive income-generating tool for portfolios, though investors should be mindful of its higher expense ratio and potential for limited upside during strong market rallies. It is best suited for income-oriented investors who prioritize risk mitigation over pure growth and can accommodate the higher fees and lower liquidity typical of a specialized active product.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | The fund prioritizes income and risk mitigation over aggressive capital appreciation. |
| Momentum investor | Mixed fit | Strong fit only while the manager's tactical signal remains positive for underlying market exposure. |
| Value investor | Mixed fit | The defensive nature of the fund may appeal to value investors seeking to preserve capital during market downturns. |
| Dividend/Income investor | Strong fit | The fund is specifically designed to generate consistent income through a multi-asset approach. |
| Low-risk investor | Strong fit | The embedded hedging strategy makes this a suitable choice for those prioritizing lower volatility. |
Investor Profile
Ideal Investor Profile
The ideal investor is an income-focused, risk-aware individual who values downside protection over maximum capital growth.
Suitability
AMAX is best suited for long-term investors seeking a core or satellite holding that provides consistent income with an active defensive tilt.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium | The fund's hedging strategy is designed to dampen market-wide volatility. |
| Market risk | Medium / high | The fund remains exposed to systemic market movements despite its hedging. |
| Concentration | Low | The fund holds a diversified basket of assets and ETFs to limit single-security risk. |
| Tracking/expense | Medium / high | Higher management fees can detract from total returns over time. |
| Liquidity | Medium | Lower trading volumes can make large entries or exits more costly. |
| Business/sector quality | Medium | Performance relies heavily on the manager's ability to execute tactical shifts. |
Risk Analysis
Volatility
AMAX exhibits moderate volatility due to its hedging component, which buffers extreme market moves.
Market Risk
The fund faces systemic market risk because its holdings are fundamentally tied to the health of global equity and debt markets.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Equity / ETFs | Diversified US and International Equity ETFs | 50 | These holdings provide core exposure to global stock market growth. |
| Fixed-income type | Investment Grade and High Yield Bond ETFs | 35 | These assets serve as the primary engine for generating current income. |
| Derivatives | Index Options and Futures | 10 | These instruments are used to implement the fund's tactical hedging strategy. |
| Cash/collateral | Cash and Cash Equivalents | 5 | Maintains liquidity for daily operations and tactical rebalancing. |
Price Behavior
Flat / Range-Bound
The stock price has been trading within a narrow range with minimal directional movement.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit 15.49% | Avg. Invested days 54 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 09/25/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Sep 26, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $75.61M |
| Issuer | Adaptive ETF |
| Expense Ratio | 1.29% |
| Distribution Yield | 11.79% |
| Inception | Oct 2, 2009 |
Performance
| Period | Total Return |
|---|---|
| YTD | +4.28% |
| 1 Year | +4.10% |
| 3 Year | +10.27% |
| 5 Year | +3.87% |
| 10 Year | +3.33% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 10.03% |
| 3Y Volatility | 8.69% |
| 3Y Sharpe Ratio | 0.51 |
Ratings
| Metric | Value |
|---|---|
| Morningstar Rating | ★★★★★ |
Market Cap Distribution
| Cap Size | Weight |
|---|---|
| Mega Cap | 11.20% |
| Large Cap | 7.58% |
| Mid Cap | 4.38% |
| Small Cap | 0.42% |
Top Sectors
| Sector | Weight |
|---|---|
| Technology | 36.01% |
| Basic Materials | 19.41% |
| Communication Services | 9.50% |
| Financial Services | 8.57% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|---|
| Portfolio P/E | 19.13x |
| Portfolio P/B | 4.38x |
| Portfolio P/S | 3.89x |
| Holdings Turnover | 1.55% |
Top Holdings
| Holding | Weight |
|---|---|
| iShares Trust - iShares 20+ Year Treasury Bond ETF | 21.72% |
| FT Cboe Vest Gold Target Income ETF | 15.41% |
| SPDR S&P 500 ETF Trust | 13.72% |
| SPDR Portfolio S&P 500 Growth ETF | 5.70% |
| YieldMax™ Magnificent 7 Fund of Option Income ETFs | 4.79% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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