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Launched · SEC filings

Dana Limited Volatility ETF

DANANYSE ArcaDanaD

$25.03−0.02 (−0.09%)

As of Nov 10, 2026, 11:02 AM ET

D38/ 100

Rank 10 of 10 in Core Securitized Bond

D38/100Rank 10 of 10inCore Securitized Bond
Intraday session: down, 16 prints from 25.05 to 25.03. Range 25.03 to 25.05. Use the arrow keys to read each point.25.0425.0425.0510 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$18M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
94
Avg volume · 30D
4.83K sh
52W range
low $24.85high $25.60
Launched
Filings
SEC EDGAR

The ETF.net DANA Grade

D

Score 38 out of 100

Category
Core Securitized Bond⁠
Rank
10 of 10
Six-pillar profile for DANA. Scores out of 100: Cost 59, Risk 74, Mission 0, Tradability 27, Holdings 48, Durability 24. Strongest: Risk (74). Weakest: Mission (0). Leans toward Risk.

Score 38 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B59 out of 100
    Rank 4 of 10

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    F0 out of 100
    Rank 10 of 10

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A74 out of 100
    Rank 3 of 10

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D27 out of 100
    Rank 9 of 10

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C48 out of 100
    Rank 5 of 10

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F24 out of 100
    Rank 10 of 10

Our read on DANA

ETF.net Research

In short

DDana targets portfolio duration of 0.60 to 2.50 years and an average credit quality of AA-/Aa3, then pays monthly. Grouped with the core bond crowd, it is built more like a short-duration parking spot than a core holding.

Stated mandate

The Fund seeks to preserve capital and provide current income. It is actively managed and primarily invests in high-quality, cash-flow-producing fixed-income securities, focusing on U.S. government securities and investment-grade corporate bonds.

Why people hold it

  • The mandate is written down, not implied: a 0.60 to 2.50 year duration target and an AA-/Aa3 average credit quality target, straight from the prospectus.sec.gov
  • Active management at 0.35%, essentially the middle of the pack for its bond cohort, where most rivals simply hold the index.
  • Monthly income is the stated policy, and the portfolio can hold floating and adjustable-rate paper to soften interest-rate sensitivity.sec.gov
  • It is the ETF version of Dana's Limited Volatility bond strategy, run by a Wisconsin shop that has been managing money since 1980.danainvestment.comyahoo.com

Worth knowing

  • You pay 0.35% here while the cohort's index giants (BND, SPAB, SCHZ) charge 0.03%. The gap buys active short-duration management, not broad market beta.
  • Small and thinly traded since its December 2025 launch, so spreads matter more than with the household-name bond funds.
  • Short duration means less rate sensitivity than a core aggregate fund, and a different ride from the intermediate-term bonds it gets screened against.sec.gov

DANA Performance

Launched Dec 2, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
DANA$10,148
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,124
Dec 31, 2025 to Nov 9, 2026. DANA $10,148. SPY $11,124. Use the arrow keys to read each point.$10,000$11,000Dec 2025Jun 2026Nov 2026

Dec 31, 2025 – Nov 9, 2026

Returns run to the Nov 9, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for DANA. Periods over one year show the average yearly return.
PeriodDANA
Year to date+1.5%
1 month+0.5%
3 months+0.8%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for DANA
YearReturn barDANA
2026 YTD+1.5%
2025+0.8%

History from Dec 3, 2025

DANA in the news

DANA Dividends

Last payment
$0.06 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 11 payments from 2025 to 2026 YTD. Dec 30, 2025 $0.07; Jan 29, 2026 $0.07; Feb 26, 2026 $0.04; Mar 30, 2026 $0.06; Apr 29, 2026 $0.07; May 28, 2026 $0.06; Jun 29, 2026 $0.09; Jul 28, 2026 $0.07; Aug 27, 2026 $0.06; Sep 29, 2026 $0.07; Oct 27, 2026 $0.06. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Oct 27, 2026Oct 28, 2026$0.06
Sep 29, 2026Sep 30, 2026$0.07
Aug 27, 2026Aug 28, 2026$0.06
Jul 28, 2026Jul 29, 2026$0.07
Jun 29, 2026Jun 30, 2026$0.09
May 28, 2026May 29, 2026$0.06
Apr 29, 2026Apr 30, 2026$0.07
Mar 30, 2026Mar 31, 2026$0.06
Feb 26, 2026Feb 27, 2026$0.04
Jan 29, 2026Jan 30, 2026$0.07
Dec 30, 2025Dec 31, 2025$0.07

DANA Risk

Risk pillarA74 out of 100Rank 3 of 10 in Core Securitized Bond
How much the fund’s monthly returns vary, scaled to a year.
Launched Dec 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
Launched Dec 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
Launched Dec 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.04
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

DANA Cost

Compare DANA and JMBS

Overpaying vs JMBS, cheapest in Core Securitized Bond

$2,769

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DANA 0.35%

    $7,126

  • JMBS 0.21% Cheapest

    $4,357

$10,000
30 years

Cost over time

  • DANA 0.35%
  • JMBS 0.21%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530DANA $7,126JMBS $4,357

Year by year

YearDANAJMBSOverpaying
10$634$383$251
20$2,454$1,491$963
30$7,126$4,357$2,769

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