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GLDB

GradeFNASDAQ Global Market

IDX Alternative FIAT ETF

Leveraged · Multi-Asset & Alternatives · IDX · Inception 2025-10-23 · SEC filings

This fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$23.16−0.62 (−2.59%)

As of Sep 23, 2026, 2:55 PM EDT

History starts Oct 24, 2025.History starts Oct 24, 2025.
Intraday session: down, 12 prints from 23.78 to 23.16. Range 23.06 to 23.35. Use the arrow keys to read each point.$23.10$23.20$23.3010 AM12 PM2 PM4 PM
Expense ratio
0.96%
Fund size
$39M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
10
Volume · 30D
0M sh
NAV per share
$23.26
52W range
low $18.67high $30.73

The ETF.net GLDB Grade

F

21/ 100

Rank 36 of 38 in Multi-Asset Allocation⁠

Confidence Medium

Six-pillar profile for GLDB. Scores out of 100: Cost 12, Risk 5, Mission not scored, Tradability 53, Holdings not scored, Durability 26. Strongest: Tradability (53). Weakest: Risk (5). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 21 of 100 sits in the F 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.
    FScore 12
    Category rank35/38 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 5
    Category rank36/36 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 53
    Category rank19/38 · top 50%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 26
    Category rank35/38 · bottom quartile

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on GLDB

ETF.net Research

FBitcoin and gold treated as one idea: the hedge against paper money. GLDB moves dynamically between the two instead of picking a side, and it uses leverage that resets daily.

Stated mandate

The Fund seeks capital appreciation through dynamic exposure to Bitcoin and gold, with possible smaller allocations to related cryptocurrency and precious-metal exposures.

Why people hold it

  1. 01One ticker for the two classic fiat hedges. The mandate is dynamic exposure to bitcoin and gold, so the mix can shift rather than sit at a fixed split.
  2. 02Comes in a 1940 Act fund wrapper, so the bitcoin and gold exposure arrives without wallets, keys or bullion storage on your end.
  3. 03The 'Alternative FIAT' basket is IDX's own construction, not a licensed off-the-shelf index, and no other fund in its allocation peer group runs the same mandate.

Worth knowing

  1. 01Charges 0.95% a year, above the typical fund in its allocation peer group.
  2. 02Leverage resets daily, so results over longer holding periods can diverge from the cumulative moves of bitcoin and gold themselves.
  3. 03Launched in 2025 and still small and thinly traded, which tends to mean wider spreads and only a short live record to judge.

GLDB Holdings

As of Sep 20, 2026, 10:18 AM
Asset class
Stocks
Holdings
10
Top-10 weight
100%
Largest holding
First American Government Obligations Fund 12/01/203131.1%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—First American Government Obligations Fund 12/01/203131.06%26,208,210$26M27
002—GOLD 100 OZ FUTR Dec2624.12%46$20M5
003—Cash & Other14.69%12,398,481$12M674
004—CME Bitcoin Fut Sep2613.98%29$12M4
005—SILVER FUTURE Dec2610.74%27$9M3
006—CME Ether Future Sep264.86%31$4M3
007GLDMSPDR Gold MiniShares Trust0.25%2,400$208K16
008SLViShares Silver Trust0.13%1,800$108K7
009IBITiShares Bitcoin Trust ETF0.11%2,000$92K12
010ETHAiShares Ethereum Trust ETF0.07%2,800$56K7

Showing 1–10 of 10 holdings

GLDB Performance

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

GLDB$9,821
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. GLDB $9,821. SPY $11,430. Use the arrow keys to read each point.$7,368$10,159$12,950Dec 2025May 2026Sep 2026

Dec 31, 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 GLDB. Periods over one year show the average yearly return.
PeriodGLDB
Year to date−1.8%
1 month+0.7%
3 months+16.0%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—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 GLDB
YearReturn barGLDB
2026 YTD−1.8%
2025−3.5%

History from Oct 24, 2025

GLDB in the news

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

GLDB 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.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.05 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 23, 2025 $0.05. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 23, 2025Dec 24, 2025$0.05

GLDB Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Oct 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 Oct 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 Oct 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.
0.63
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.

GLDB Cost

Expense ratio0.96%
  • The middle half of Multi-Asset Allocation funds
  • Median 0.58%

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

GLDB costs $96.00 a year on $10,000. The median Multi-Asset Allocation fund costs $58.00.