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Launched · SEC filings

Gadsden Dynamic Multi-Asset ETF

GDMACboeC

$40.77−0.04 (−0.11%)

As of Oct 13, 2026, 3:59 PM

C51/ 100

Rank 22 of 37 in Multi-Asset Allocation

C51/100Rank 22 of 37inMulti-Asset Allocation
Intraday session: down, 71 prints from 40.81 to 40.77. Range 40.69 to 41.01. Use the arrow keys to read each point.40.7040.8540.9040.9541.0010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$194M
1Y total return
+10.7%
Yield · Last 12 months
2.64%
Holdings
22
Avg volume · 30D
0M sh
NAV per share
$40.80
52W range
low $37.48high $44.04
Launched
Filings
SEC EDGAR

The ETF.net GDMA Grade

C

Score 51 out of 100

Category
Multi-Asset Allocation⁠
Rank
22 of 37
Six-pillar profile for GDMA. Scores out of 100: Cost 38, Risk 41, Mission 61, Tradability 72, Holdings 54, Durability 61. Strongest: Tradability (72). Weakest: Cost (38). Leans toward Tradability.

Score 51 of 100 falls in the C 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.
    B61 out of 100
    Rank 18 of 29

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C41 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.
    A72 out of 100
    Rank 6 of 37

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C54 out of 100
    Rank 17 of 33

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B61 out of 100
    Rank 16 of 37

Our read on GDMA

ETF.net Research

CA go-anywhere allocation fund: Gadsden's managers shift a compact portfolio of roughly 40 positions across global asset classes as their strategic and tactical views change. Running since 2018, it's the active answer to a fixed 60/40 sleeve.

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

  1. 01One ticket, many asset classes: the mandate spans global markets and lets the managers rotate allocations instead of holding fixed weights.gadsdenfunds.com
  2. 02Launched in 2018, so this is a strategy that has traded through live markets rather than a backtest.
  3. 030.78% a year, and what it buys is the manager's asset-class calls, not a static glidepath.
  4. 04Stands in the upper half of a crowded field of allocation funds.

Worth knowing

  1. 01Thinly traded, so bid-ask spreads can run wider than on the giant one-ticket allocation ETFs.
  2. 02Index-based rivals like AOA and IRTR deliver a fixed allocation for a small fraction of this fee. The premium here is for discretion.
  3. 03Cash comes once or twice a year, not monthly.

GDMA Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
22
Top-10 weight
74%
Largest holding
BOXX27.5%

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 States98.48%
  • Canada1.52%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001BOXXAlpha Architect 1-3 Month Box ETF27.47%450,983$53M6
002VTIVanguard Morningstar Total Stock Market ETF10.24%52,216$20M15
003XLEState Street Energy Select Sector SPDR ETF5.91%176,848$12M31
004KSTRKraneShares China Technology & Semiconductor STAR 50 Index ETF5.28%487,447$10M1
005SGOLabrdn Physical Gold Shares ETF5.22%254,678$10M2
006GLDMSPDR Gold MiniShares Trust4.92%115,415$10M15
007FLKRFranklin FTSE South Korea ETF4.85%161,883$9M6
008FLJPFranklin FTSE Japan ETF4.07%190,681$8M8
009XLVState Street Health Care Select Sector SPDR ETF3.10%35,372$6M31
010EWTiShares MSCI Taiwan ETF3.05%51,918$6M8
011—Invesco CurrencyShares Japanese Yen Trust3.01%101,294$6M2
012XLFState Street Financial Select Sector SPDR ETF2.94%104,685$6M25
013RINGiShares MSCI Global Gold Miners ETF2.89%72,015$6M3
014BNOUnited States Brent Oil Fund LP2.75%83,544$5M1
015HODLVanEck Bitcoin ETF/US2.73%228,832$5M9

Showing 1–15 of 22 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$11,069
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. GDMA $11,069. SPY $12,044. Use the arrow keys to read each point.$9,582$10,912$12,243Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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+5.9%
1 month−3.1%
3 months−2.4%
1 year+10.7%
3 yearsper year+13.8%
5 yearsper year+7.9%
10 yearsFund is under 10 years oldper year—

As of the close, 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+5.9%
2025+25.3%
2024+7.5%
2023+1.7%
2022−2.1%
2021+4.0%
2020+21.1%

GDMA in the news

Filtered to GDMA · Multi-Asset Allocation

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 12, 2026.
2.64%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

GDMA Risk

How much the fund’s monthly returns vary, scaled to a year.
9.9%
Annualised · 36 months to Sep 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.
0.90
vs 3-month T-bills · to Sep 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.

GDMA Cost

Expense ratio0.75%
  • The middle half of Multi-Asset Allocation funds
  • Median 0.58%

22 of the 37 Multi-Asset Allocation funds charge less.

GDMA costs $75.00 a year on $10,000. The median Multi-Asset Allocation fund costs $58.00.

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