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Launched · SEC filings

IDX Alternative FIAT ETF

GLDBNasdaqFThis 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.

$22.07−0.03 (−0.12%)

At close: Oct 13, 2026, 4:00 PM

F17/ 100

Rank 36 of 37 in Multi-Asset Allocation

F17/100Rank 36 of 37inMulti-Asset Allocation
Intraday session: down, 22 prints from 22.10 to 22.07. Range 21.98 to 22.25. Use the arrow keys to read each point.22.0022.1522.2022.2510 AM12 PM2 PM4 PM
Expense ratio
0.96%
Fund size
$41M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
10
Avg volume · 30D
0M sh
NAV per share
$22.16
52W range
low $18.67high $30.73
Launched
Filings
SEC EDGAR

The ETF.net GLDB Grade

Based on 4 of 6 pillars

F

Score 17 out of 100

Category
Multi-Asset Allocation⁠
Rank
36 of 37
Six-pillar profile for GLDB. Scores out of 100: Cost 13, Risk 5, Mission not scored, Tradability 37, Holdings not scored, Durability 27. Strongest: Tradability (37). Weakest: Risk (5). Based on 4 of 6 pillars.

Score 17 of 100 falls in the F 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.
    F13 out of 100
    Rank 31 of 37

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F5 out of 100
    Rank 35 of 35

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D37 out of 100
    Rank 29 of 37

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • 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 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 Oct 13, 2026
Asset class
Stocks
Holdings
10
Top-10 weight
100%
Largest holding
First American Government Obligations Fund 12/01/203135.3%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—First American Government Obligations Fund 12/01/203135.34%29,686,139$30M28
002—GOLD 100 OZ FUTR Dec2623.09%46$19M8
003—CME Bitcoin Fut Oct2614.24%29$12M4
004—Cash & Other12.41%10,428,100$10M672
005—SILVER FUTURE Dec269.81%27$8M6
006—CME Ether Future Oct264.58%31$4M3
007GLDMSPDR Gold MiniShares Trust0.24%2,400$199K15
008SLViShares Silver Trust0.12%1,800$99K7
009IBITiShares Bitcoin Trust ETF0.11%2,000$93K14
010ETHAiShares Ethereum Trust ETF0.06%933$52K8

Showing 1–10 of 10 holdings

GLDB Performance

Launched Oct 23, 2025

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.Not enough history yet.Not enough history yet.
GLDB$9,128
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,500
Dec 31, 2025 to Oct 12, 2026. GLDB $9,128. SPY $11,500. Use the arrow keys to read each point.$7,368$10,159$12,950Dec 2025May 2026Oct 2026

Dec 31, 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 GLDB. Periods over one year show the average yearly return.
PeriodGLDB
Year to date−8.7%
1 month−1.9%
3 months+11.6%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
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 GLDB
YearReturn barGLDB
2026 YTD−8.7%
2025−3.5%

History from Oct 24, 2025

GLDB in the news

Filtered to GLDB · Multi-Asset Allocation

GLDB Dividends

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.

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