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Launched

Ned Davis Research 360 Dynamic Allocation ETF

NDAANasdaqB

$23.61−0.09 (−0.37%)

At close: Nov 2, 2026, 4:00 PM ET

B55/ 100

Rank 17 of 37 in Multi-Asset Allocation

B55/100Rank 17 of 37inMulti-Asset Allocation
Intraday session: down, 78 prints from 23.69 to 23.61. Range 23.61 to 23.84. Use the arrow keys to read each point.23.6523.7523.8010 AM12 PM2 PM4 PM
Expense ratio
0.65%*
Fund size
$195M
1Y total return
+9.5%
Yield · Last 12 months
2.48%
Holdings
26
Avg volume · 30D
13.8K sh
52W range
low $21.20high $24.65
Launched

*After a fee waiver that ends Jan 31, 2027. Without it: 0.74%.

The ETF.net NDAA Grade

B

Score 55 out of 100

Category
Multi-Asset Allocation⁠
Rank
17 of 37
Six-pillar profile for NDAA. Scores out of 100: Cost 44, Risk 46, Mission 81, Tradability 41, Holdings 65, Durability 54. Strongest: Mission (81). Weakest: Tradability (41). Leans toward Mission.

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.
    C44 out of 100
    Rank 20 of 37

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A81 out of 100
    Rank 10 of 29

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C46 out of 100
    Rank 24 of 35

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C41 out of 100
    Rank 25 of 37

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B65 out of 100
    Rank 14 of 33

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C54 out of 100
    Rank 21 of 37

Our read on NDAA

ETF.net Research

In short

BA research house best known for selling market indicators now runs money with them. NDAA is an actively managed fund of ETFs built on Ned Davis Research's 360 Approach, anchored at 60% global stocks and 40% global bonds but free to move well off that mix.

Stated mandate

The Fund is actively managed and uses Ned Davis Research’s 360° Approach to allocate dynamically among equity, fixed-income and commodity ETFs and money markets. Its stated allocation framework targets 60% global equities and 40% global bonds but can move materially away from that mix.

Why people hold it

  • One ticket for a global mix: the fund allocates across equity, fixed-income and commodity ETFs plus money markets, rather than a single asset class.
  • The 60/40 baseline is a starting point, not a cage. The manager can shift materially away from it as its indicators change.
  • At 0.65%, it undercuts the typical fund in the allocation cohort, where the median runs 0.78%. Cheap for discretionary tactical management.

Worth knowing

  • Index-based allocation peers cost far less: AOA charges 0.19% and IRTR 0.08%. You are paying up for the active calls, not the building blocks.
  • Small and thinly traded. Spreads can be wide, so limit orders matter more here than in a mega-cap index fund.
  • Launched in 2024, so the strategy has not yet been tested across a full market cycle in this wrapper. Distributions come annually or semiannually, not monthly.

NDAA Performance

Launched Oct 17, 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.
NDAA$10,950
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. NDAA $10,950. 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 NDAA. Periods over one year show the average yearly return.
PeriodNDAA
Year to date+8.9%
1 month−0.8%
3 months−0.5%
1 year+9.5%
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 NDAA
YearReturn barNDAA
2026 YTD+8.9%
2025+14.0%
2024−1.3%

Since listing, Oct 17, 2024

NDAA in the news

NDAA 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.
2.48%Last 12 months
Payout per share
$0.59Last 12 months
Last payment
$0.59 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 26, 2024 $0.16; Dec 23, 2025 $0.59. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 23, 2025Dec 24, 2025$0.59
Dec 26, 2024Dec 30, 2024$0.16

$10,000 in NDAA 1 year ago paid $265 in dividends.

NDAA Risk

Risk pillarC46 out of 100Rank 24 of 35 in Multi-Asset Allocation
How much the fund’s monthly returns vary, scaled to a year.
9.8%
Annualised · 24 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.
0.77
vs 3-month T-bills · 24 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.
−13.5%
24 months · trough Apr 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.
0.73
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.

NDAA Cost

Compare NDAA and UCBG

Overpaying vs UCBG, cheapest in Multi-Asset Allocation

$11,447

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

  • NDAA 0.65%

    $12,717

  • UCBG 0.06% Cheapest

    $1,270

$10,000
30 years

Cost over time

  • NDAA 0.65%
  • UCBG 0.06%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530NDAA $12,717UCBG $1,270

Year by year

YearNDAAUCBGOverpaying
10$1,163$110$1,053
20$4,440$432$4,008
30$12,717$1,270$11,447
How the 0.65% is worked out

Full fee 0.74%− waiver 0.09%= you pay 0.65%

The waiver ends Jan 31, 2027. After that the fee is 0.74% unless Ned Davis Research renews it. Source: prospectus, Jan 2026.

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