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GDMA

GradeCChicago Board Options Exchange

Gadsden Dynamic Multi-Asset ETF

Multi-Asset & Alternatives · Gadsden · Inception 2018-11-14 · SEC filings

$41.30−0.35 (−0.83%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: down, 58 prints from 41.64 to 41.30. Range 41.20 to 41.40. Use the arrow keys to read each point.$41.20$41.25$41.35$41.4010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$198M
1Y return
+11.1%
Yield · Last 12 months
2.59%
Holdings
45
Volume · 30D
0M sh
NAV per share
$41.57
52W range
low $37.48high $44.04

The ETF.net GDMA Grade

C

43/ 100

Rank 26 of 38 in Multi-Asset Allocation⁠

Confidence High

Six-pillar profile for GDMA. Scores out of 100: Cost 39, Risk 40, Mission 32, Tradability 76, Holdings 33, Durability 62. Strongest: Tradability (76). Weakest: Mission (32). Leans toward Tradability.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 43 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 39
    Category rank23/38 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    DScore 32
    Category rank26/30 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 40
    Category rank27/36 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 76
    Category rank7/38 · top 18%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 33
    Category rank29/34 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 62
    Category rank17/38 · top 45%

Graded as of Sep 22, 2026

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 Sep 20, 2026, 10:16 AM
Asset class
Other
Holdings
45
Top-10 weight
83%
Largest holding
BOXX43.0%

Sectors

  • Technology40.7%
  • Industrials10.4%
  • Materials9.6%
  • Energy9.4%
  • Financials7.6%
  • Consumer Discr.6.5%
  • Communication5.2%
  • Health Care5.1%
  • Cons. Staples2.5%
  • Utilities2.0%
  • Real Estate1.0%

Geography

  • United States98.37%
  • Canada1.63%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001BOXXAlpha Architect 1-3 Month Box ETF43.03%803,856$95M6
002COMTiShares GSCI Commodity Dynamic Roll Strategy ETF5.86%346,176$13M1
003XLEState Street Energy Select Sector SPDR ETF5.72%197,624$13M28
004SGOLabrdn Physical Gold Shares ETF5.36%284,638$12M2
005—Invesco CurrencyShares Japanese Yen Trust5.16%194,900$11M2
006VTVanguard Total World Stock ETF5.02%69,887$11M5
007UUPInvesco DB US Dollar Index Bullish Fund3.52%274,008$8M3
008XLVState Street Health Care Select Sector SPDR ETF3.00%39,516$7M28
009XLFState Street Financial Select Sector SPDR ETF2.95%116,949$7M25
010PDBAInvesco Agriculture Commodity Strategy NO K-1 Etf2.92%171,751$6M3
011KSTRKraneShares China Technology & Semiconductor STAR 50 Index ETF2.69%245,814$6M1
012HODLVanEck Bitcoin ETF/US2.66%255,712$6M8
013VXUSVanguard Total International Stock ETF2.51%64,463$6M10
014FLJPFranklin FTSE Japan ETF2.50%133,862$6M6
015—First American Government Obligations Fund 12/01/20312.39%5,268,590$5M625

Showing 1–15 of 23 holdings

GDMA Performance

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

GDMA$11,108
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. GDMA $11,108. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+8.0%
1 month−2.8%
3 months−5.5%
1 year+11.1%
3 years+14.8%per year
5 years+8.6%per year
10 yearsFund is under 10 years old—per 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+8.0%
2025+25.3%
2024+7.5%
2023+1.7%
2022−2.1%
2021+4.0%
2020+21.1%

GDMA in the news

ETF.net Research hasn’t filed on GDMA yet — coverage lands here as it’s written.

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 Sep 22, 2026.
2.59%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.
9.4%
Annualised · 36 months to Aug 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.
1.14
vs 3-month T-bills · to Aug 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.