Skip to content
etf.net

Launched

GammaRoad Market Navigation ETF

GMMANYSE ArcaB

$21.720.00 (−0.01%)

As of Nov 2, 2026, 10:00 AM ET

B55/ 100

Rank 21 of 46 in Tactical Allocation

B55/100Rank 21 of 46inTactical Allocation
Intraday session: down, 1 prints from 21.72 to 21.72. Range 21.72 to 21.72. Use the arrow keys to read each point.21.7221.7210 AM12 PM2 PM4 PM
Expense ratio
0.75%*
Fund size
$7M
1Y total return
+4.9%
Yield · Last 12 months
3.17%
Holdings
3
Avg volume · 30D
293 sh
52W range
low $19.89high $22.17
Launched

*After a fee waiver that ends Dec 29, 2026. Without it: 0.86%.

The ETF.net GMMA Grade

Based on 5 of 6 pillars

B

Score 55 out of 100

Category
Tactical Allocation⁠
Rank
21 of 46
Six-pillar profile for GMMA. Scores out of 100: Cost 73, Risk 65, Mission not scored, Tradability 39, Holdings 34, Durability 12. Strongest: Cost (73). Weakest: Durability (12). Based on 5 of 6 pillars.

Score 55 of 100 falls in the B 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.
    A73 out of 100
    Rank 13 of 46

  • 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.
    B65 out of 100
    Rank 11 of 46

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D39 out of 100
    Rank 34 of 46

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D34 out of 100
    Rank 37 of 43

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F12 out of 100
    Rank 45 of 46

Our read on GMMA

ETF.net Research

In short

BOne ticker that slides between US stock ETFs and Treasury bills as a daily rules-based signal dictates, instead of parking at a fixed mix. Actively run, 0.75% net of a waiver through December 29, 2026.

Stated mandate

The Fund seeks capital appreciation through an actively managed strategy that generally tracks the MarketVector GammaRoad U.S. Equity Strategy Index.

Why people hold it

  • Rotates between US equity ETFs and T-bills on a signal reviewed daily, so the equity dial moves with the rulebook rather than sitting at a set weight.marketvector.commarketvector.com 2
  • 0.75% net of a waiver through December 29, 2026 (0.86% gross) lands below the typical fee in its tactical multi-asset category.
  • The index is built by MarketVector to a published rulebook, so the signal framework is documented rather than explained after the fact in a manager letter.marketvector.com
  • Sits in the upper half of its tactical allocation peer group on our review.

Worth knowing

  • Small and thinly traded, so spreads can run wider than at headline index funds; the gap shows up most on big or hurried orders.
  • Actively managed, so the portfolio can deviate from the index it generally tracks. Manager discretion is part of the package.sec.gov
  • Listed in September 2024, so the live record is young, and any rotation signal can sit in T-bills through rallies or in stocks through drawdowns.marketvector.com

GMMA Performance

Launched Sep 16, 2024

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.
GMMA$10,488
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. GMMA $10,488. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 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 GMMA. Periods over one year show the average yearly return.
PeriodGMMA
Year to date+4.4%
1 month−0.6%
3 months+1.0%
1 year+4.9%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
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 GMMA
YearReturn barGMMA
2026 YTD+4.4%
2025+9.0%
2024+0.5%

History from Sep 17, 2024

GMMA in the news

GMMA 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.
3.17%Last 12 months
Payout per share
$0.69Last 12 months
Last payment
$0.07 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2024–2026

One bar per payment. 8 payments from 2024 to 2026 YTD. Dec 30, 2024 $0.11; Mar 28, 2025 $0.02; Jun 27, 2025 $0.15; Sep 29, 2025 $0.13; Dec 30, 2025 $0.34; Mar 30, 2026 $0.18; Jun 29, 2026 $0.11; Sep 29, 2026 $0.07. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Sep 29, 2026Sep 30, 2026$0.07
Jun 29, 2026Jun 30, 2026$0.11
Mar 30, 2026Mar 31, 2026$0.18
Dec 30, 2025Dec 31, 2025$0.34
Sep 29, 2025Sep 30, 2025$0.13
Jun 27, 2025Jun 30, 2025$0.15
Mar 28, 2025Mar 31, 2025$0.02
Dec 30, 2024Dec 31, 2024$0.11

$10,000 in GMMA 1 year ago paid $321 in dividends.

GMMA Risk

Risk pillarB65 out of 100Rank 11 of 46 in Tactical Allocation
How much the fund’s monthly returns vary, scaled to a year.
5.9%
Annualised · 25 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.
0.36
vs 3-month T-bills · 25 months 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.
−5.2%
25 months · trough Jan 2025
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.
0.38
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.

GMMA Cost

Compare GMMA and ENDW

Overpaying vs ENDW, cheapest in Tactical Allocation

$9,924

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

  • GMMA 0.75%

    $14,482

  • ENDW 0.22% Cheapest

    $4,558

$10,000
30 years

Cost over time

  • GMMA 0.75%
  • ENDW 0.22%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530GMMA $14,482ENDW $4,558

Year by year

YearGMMAENDWOverpaying
10$1,336$401$935
20$5,078$1,561$3,517
30$14,482$4,558$9,924
How the 0.75% is worked out

Full fee 0.86%− waiver 0.11%= you pay 0.75%

The waiver ends Dec 29, 2026. After that the fee is 0.86% unless GammaRoad renews it. Source: prospectus, Dec 2025.

Other funds in Tactical Allocation

See others