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Launched · SEC filings

Gadsden Dynamic Multi-Asset ETF

GDMACboeD

$40.09−0.17 (−0.43%)

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

D39/ 100

Rank 28 of 37 in Multi-Asset Allocation

D39/100Rank 28 of 37inMulti-Asset Allocation
Intraday session: down, 78 prints from 40.26 to 40.09. Range 40.09 to 40.28. Use the arrow keys to read each point.40.1540.2010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$213M
1Y total return
+5.8%
Yield · Last 12 months
2.67%
Holdings
19
Avg volume · 30D
14.3K sh
52W range
low $37.48high $44.04
Launched
Filings
SEC EDGAR

The ETF.net GDMA Grade

D

Score 39 out of 100

Category
Multi-Asset Allocation⁠
Rank
28 of 37
Six-pillar profile for GDMA. Scores out of 100: Cost 38, Risk 44, Mission 17, Tradability 69, Holdings 40, Durability 62. Strongest: Tradability (69). Weakest: Mission (17). Leans toward Tradability.

Score 39 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.
    D38 out of 100
    Rank 23 of 37

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    F17 out of 100
    Rank 28 of 29

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C44 out of 100
    Rank 26 of 35

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B69 out of 100
    Rank 7 of 37

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C40 out of 100
    Rank 23 of 33

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B62 out of 100
    Rank 17 of 37

Our read on GDMA

ETF.net Research

In short

DA go-anywhere allocation fund with no benchmark to hug: Gadsden's managers blend a long-term macro view with short-term tactical shifts across global stocks, bonds, currencies and REITs.

Stated mandate

The Fund seeks total return through active allocation among asset classes selected for their perceived risk/return opportunities. Its allocations can span global markets and may change with strategic and tactical views.

Why people hold it

  • Genuinely unconstrained: the prospectus lets it roam US equities, foreign securities, currencies, bonds and REITs, and hold heavy exposure to a single asset class.etfarchitect.com
  • Two gears by design, a strategic sleeve built on long-term macro views and a tactical sleeve that can reposition on short-term ones, both screened fundamentally and quantitatively.etfarchitect.com
  • Trading since 2018, so there is a real multi-cycle live record to judge instead of a backtest.

Worth knowing

  • 0.75% all-in (it includes the fees of the funds it holds), with no waiver, above the category median. Index-built peers like UCBG (0.06%) run far cheaper.
  • No index to lean on. The prospectus says risk and return are not managed against any benchmark, and the tactical-plus-strategic blend is expected to turn over faster than peers.etfarchitect.comsec.gov
  • Thinly traded with a modest asset base, so the bid-ask gap can matter more here than with the category's giants.

GDMA Holdings

Holdings pillarC40 out of 100Rank 23 of 33 in Multi-Asset Allocation
Asset class
Other
Holdings
19
Top-10 weight
89%
Largest holding
BOXX58.7%

Sectors

  • Technology36.0%
  • Financials13.4%
  • Health Care9.7%
  • Energy8.3%
  • Industrials7.8%
  • Communication6.9%
  • Consumer Discretionary6.7%
  • Materials5.3%
  • Consumer Staples3.2%
  • Real Estate1.5%
  • Utilities1.3%

Geography

  • United States95.10%
  • China1.91%
  • Singapore1.91%
  • Ireland0.38%
  • Canada0.12%
  • Australia0.11%
  • United Kingdom0.11%
  • New Zealand0.07%
  • Other countries (10)0.29%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1BOXXAlpha Architect 1-3 Month Box ETF58.67%1,049,449$125M6
2XLVState Street Health Care Select Sector SPDR ETF5.22%60,012$11.1M33
3VTIVanguard Morningstar Total Stock Market ETF4.93%28,200$10.5M18
4XLEState Street Energy Select Sector SPDR ETF3.12%94,630$6.63M33
5BNOUnited States Brent Oil Fund LP3.11%92,644$6.61M1
6XLFState Street Financial Select Sector SPDR ETF3.09%116,073$6.56M28
7XLIState Street Industrial Select Sector SPDR ETF3.00%38,141$6.38M26
8SGOLabrdn Physical Gold Shares ETF2.84%163,326$6.03M2
9COMTiShares GSCI Commodity Dynamic Roll Strategy ETF2.69%148,149$5.71M1
10HODLVanEck Bitcoin ETF/US2.59%253,792$5.5M10
11AAPLApple Inc2.01%12,418$4.28M723
12MSFTMicrosoft Corp1.97%8,031$4.19M819
13EWSiShares MSCI Singapore ETF1.91%132,711$4.06M3
14KSTRKraneShares China Technology & Semiconductor STAR 50 Index ETF1.73%218,220$3.67M1
15AMZNAmazon.com Inc0.92%8,115$1.95M738

Showing 1–15 of 19 holdings

GDMA Performance

Launched Nov 14, 2018

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.
GDMA$10,579
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. GDMA $10,579. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025May 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 GDMA. Periods over one year show the average yearly return.
PeriodGDMA
Year to date+4.4%
1 month−1.0%
3 months−5.5%
1 year+5.8%
3 yearsper year+12.9%
5 yearsper year+7.2%
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 GDMA
YearReturn barGDMA
2026 YTD+4.4%
2025+25.3%
2024+7.5%
2023+1.7%
2022−2.1%
2021+4.0%
2020+21.1%

GDMA in the news

GDMA 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.
2.67%Last 12 months
Payout per share
$1.08Last 12 months
Last payment
$1.08 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2018–2026

One bar per payment. 17 payments from 2018 to 2026 YTD. Dec 28, 2018 $0.15; Mar 12, 2019 $0.07; Jun 24, 2019 $0.16; Sep 17, 2019 $0.05; Dec 23, 2019 $0.55; Mar 24, 2020 $0.03; Jun 23, 2020 $0.03; Sep 22, 2020 $0.003; Dec 30, 2020 $0.13; Mar 15, 2021 $0.0061; Sep 13, 2021 $0.09; Dec 30, 2021 $0.57; Dec 27, 2022 $0.36; Dec 28, 2023 $1.25; Dec 12, 2024 $0.71; Dec 30, 2024 $0.02; Dec 30, 2025 $1.08. Use the arrow keys to read each point.201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Dec 31, 2025$1.08
Dec 30, 2024Dec 31, 2024$0.02
Dec 12, 2024Dec 13, 2024$0.71
Dec 28, 2023Jan 3, 2024$1.25
Dec 27, 2022Jan 6, 2023$0.36
Dec 30, 2021Jan 5, 2022$0.57
Sep 13, 2021Sep 20, 2021$0.09
Mar 15, 2021Mar 22, 2021$0.0061
Dec 30, 2020Jan 5, 2021$0.13
Sep 22, 2020Sep 24, 2020$0.003
Jun 23, 2020Jun 25, 2020$0.03
Mar 24, 2020Mar 26, 2020$0.03

See all 17 payments⁠

$10,000 in GDMA 5 years ago paid $1,237 in dividends.⁠

GDMA Risk

Risk pillarC44 out of 100Rank 26 of 35 in Multi-Asset Allocation
How much the fund’s monthly returns vary, scaled to a year.
10.0%
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.
0.82
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.
−12.8%
Trough Mar 2023
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.
0.51
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.

GDMA Cost

Compare GDMA and UCBG

Overpaying vs UCBG, cheapest in Multi-Asset Allocation

$13,212

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

  • GDMA 0.75%

    $14,482

  • UCBG 0.06% Cheapest

    $1,270

$10,000
30 years

Cost over time

  • GDMA 0.75%
  • 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$15K051015202530GDMA $14,482UCBG $1,270

Year by year

YearGDMAUCBGOverpaying
10$1,336$110$1,226
20$5,078$432$4,646
30$14,482$1,270$13,212

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