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Launched

Tactical Advantage ETF

FDATNYSE ArcaD

$21.94+0.03 (+0.13%)

As of Nov 2, 2026, 3:59 PM ET

D34/ 100

Rank 32 of 37 in Multi-Asset Allocation

D34/100Rank 32 of 37inMulti-Asset Allocation
Intraday session: up, 78 prints from 21.91 to 21.94. Range 21.93 to 22.13. Use the arrow keys to read each point.22.0022.0522.1010 AM12 PM2 PM4 PM
Expense ratio
1.16%
Fund size
$36M
1Y total return
+2.4%
Yield · Last 12 months
6.01%
Holdings
17
Avg volume · 30D
891 sh
52W range
low $21.49high $24.85
Launched

The ETF.net FDAT Grade

D

Score 34 out of 100

Category
Multi-Asset Allocation⁠
Rank
32 of 37
Six-pillar profile for FDAT. Scores out of 100: Cost 6, Risk 50, Mission 70, Tradability 12, Holdings 44, Durability 27. Strongest: Mission (70). Weakest: Cost (6). Leans toward Mission.

Score 34 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.
    F6 out of 100
    Rank 35 of 37

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A70 out of 100
    Rank 14 of 29

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C50 out of 100
    Rank 21 of 35

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F12 out of 100
    Rank 36 of 37

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C44 out of 100
    Rank 22 of 33

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D27 out of 100
    Rank 32 of 37

Our read on FDAT

ETF.net Research

In short

DA fund-of-ETFs that treats cash as a real holding: when its model reads a downtrend, it trims US equity and high-yield bond ETFs and parks the difference. All-in cost is 1.16%.

Stated mandate

The Fund seeks long-term capital appreciation while attempting to keep the volatility of its returns below that of equity markets generally.

Why people hold it

  • Cash is a position here, not a leftover. A forecast downtrend shifts assets out of equity and high-yield bond ETFs into cash and cash equivalents.sec.gov
  • Visible plumbing: it holds other US-listed equity and high-yield bond ETFs rather than a black box of derivatives, and it distributes quarterly.sec.gov
  • The mandate is written around volatility, not just gains: long-term capital appreciation while keeping return swings below equity markets generally.sec.gov

Worth knowing

  • At 1.16% it sits above the allocation-fund median, and well above index-built peers like UCBG (0.06%) and IRTR (0.08%). That fee covers the ETFs it owns too.sec.gov
  • A small, thinly traded fund, so spreads and order size matter more than they do in the category's giants.
  • Moving to cash cuts both directions: less exposure in selloffs, less in rallies. The signal is proprietary, so the timing is not visible in advance.sec.gov

FDAT Performance

Launched Apr 20, 2023

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.
FDAT$10,241
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. FDAT $10,241. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 FDAT. Periods over one year show the average yearly return.
PeriodFDAT
Year to date+3.4%
1 month−1.2%
3 months−0.8%
1 year+2.4%
3 yearsper year+10.2%
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 FDAT
YearReturn barFDAT
2026 YTD+3.4%
2025+7.5%
2024+10.0%
2023+6.2%

Since listing, Apr 20, 2023

FDAT in the news

FDAT Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
6.01%Last 12 months
Payout per share
$1.32Last 12 months
Last payment
$0.14 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2023–2026

One bar per payment. 7 payments from 2023 to 2026 YTD. Dec 27, 2023 $0.33; Dec 18, 2024 $1.89; Sep 25, 2025 $0.13; Dec 23, 2025 $0.90; Mar 24, 2026 $0.21; Jun 23, 2026 $0.06; Sep 24, 2026 $0.14. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Sep 24, 2026Sep 25, 2026$0.14
Jun 23, 2026Jun 24, 2026$0.06
Mar 24, 2026Mar 25, 2026$0.21
Dec 23, 2025Dec 24, 2025$0.90
Sep 25, 2025Sep 26, 2025$0.13
Dec 18, 2024Dec 19, 2024$1.89
Dec 27, 2023Dec 29, 2023$0.33

$10,000 in FDAT 3 years ago paid $1,884 in dividends.

FDAT Risk

Risk pillarC50 out of 100Rank 21 of 35 in Multi-Asset Allocation
How much the fund’s monthly returns vary, scaled to a year.
8.5%
Annualised · 36 months to Oct 2026
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.
0.66
vs 3-month T-bills · to Oct 2026
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.
−8.1%
42 months · trough Apr 2025
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.
0.76
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.

FDAT Cost

Compare FDAT and UCBG

Overpaying vs UCBG, cheapest in Multi-Asset Allocation

$19,962

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

  • FDAT 1.16%

    $21,232

  • UCBG 0.06% Cheapest

    $1,270

$10,000
30 years

Cost over time

  • FDAT 1.16%
  • UCBG 0.06%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530FDAT $21,232UCBG $1,270

Year by year

YearFDATUCBGOverpaying
10$2,032$110$1,922
20$7,580$432$7,148
30$21,232$1,270$19,962

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