---
ticker: "AMAX"
name: "Adaptive Hedged Multi-Asset Income ETF"
url: "https://etf.net/etf/AMAX"
grade: "D"
score: 29
graded_at: "2026-10-12"
category: "Multi-Asset Income"
category_rank: "15 of 15"
methodology: "https://etf.net/methodology"
---

# AMAX: Adaptive Hedged Multi-Asset Income ETF

Grade **D**, Score 29 of 100. Rank 15 of 15 in Multi-Asset Income.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 0 | 15 of 15 |
| Mission | 58 | 8 of 11 |
| Risk | 26 | 14 of 15 |
| Tradability | 39 | 11 of 15 |
| Holdings | 29 | 13 of 13 |
| Durability | 51 | 10 of 15 |

## Top holdings

The fund holds 15 positions. These are the largest 15, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | TLT | Ishares 20 Pls Year Treasury Bnd Etf | 21.68% |
| 2 | IGLD | Ft Vest Gold Strt Trgt Incm Etf | 14.91% |
| 3 | SPY | SPDR S&P 500 ETF Trust | 14.03% |
| 4 | MSTR | Strategy Class A Ord | 12.89% |
| 5 | Cash | Cash / Cash Equivalents | 9.66% |
| 6 | IBIT | iShares Bitcoin Trus | 7.58% |
| 7 | SPYG | St Strt Spdr Prtl S&P 500 Grw Etf | 5.84% |
| 8 | YMAG | Yieldmax Magft 7 Fnd Opt Incm Etf | 4.86% |
| 9 | GDX | Vaneck Gold Miners Etf | 4.23% |
| 10 | USOI | Ubs AG Etracs Cd Ol Cr Class Etn | 3.81% |
| 11 | C62C4358 | Mstr 261030P00142000 | 0.33% |
| 12 | 02147TAQ | Cwalt 2006-28CB A1510/25/2036 6.5% | 0.24% |
| 13 | 02660TAS | Ahm 2004-1 4M104/25/2044 Var | 0.13% |
| 14 | 85AA283D | Ibit 261030P00043000 | 0.05% |
| 15 | 12668AJS | Cwalt 2005-J1103/25/2022 5% | 0.03% |

Source: etf.net, https://etf.net/etf/AMAX. Please cite the page URL.