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Launched

Ned Davis Research 360 Dynamic Allocation ETF

NDAANasdaqC

$24.14+0.01 (+0.06%)

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

C53/ 100

Rank 18 of 37 in Multi-Asset Allocation

C53/100Rank 18 of 37inMulti-Asset Allocation
Intraday session: up, 62 prints from 24.13 to 24.14. Range 24.07 to 24.14. Use the arrow keys to read each point.24.0824.1010 AM12 PM2 PM4 PM
Expense ratio
0.80%
Fund size
$198M
1Y total return
+16.2%
Yield · Last 12 months
2.44%
Holdings
28
Avg volume · 30D
0M sh
NAV per share
$24.12
52W range
low $21.20high $24.65
Launched

The ETF.net NDAA Grade

C

Score 53 out of 100

Category
Multi-Asset Allocation⁠
Rank
18 of 37
Six-pillar profile for NDAA. Scores out of 100: Cost 29, Risk 56, Mission 82, Tradability 43, Holdings 70, Durability 54. Strongest: Mission (82). Weakest: Cost (29). Leans toward Mission.

Score 53 of 100 falls in the C 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.
    D29 out of 100
    Rank 26 of 37

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A82 out of 100
    Rank 9 of 29

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B56 out of 100
    Rank 15 of 35

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C43 out of 100
    Rank 24 of 37

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A70 out of 100
    Rank 11 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

CA 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

  1. 01One ticket for a global mix: the fund allocates across equity, fixed-income and commodity ETFs plus money markets, rather than a single asset class.
  2. 02The 60/40 baseline is a starting point, not a cage. The manager can shift materially away from it as its indicators change.
  3. 03At 0.65%, it undercuts the typical fund in the allocation cohort, where the median runs 0.78%. Cheap for discretionary tactical management.

Worth knowing

  1. 01Index-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.
  2. 02Small and thinly traded. Spreads can be wide, so limit orders matter more here than in a mega-cap index fund.
  3. 03Launched 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 Holdings

As of Oct 1, 2026
Asset class
Other
Holdings
28
Top-10 weight
66%
Largest holding
XLK12.2%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001XLKState Street Technology Select Sector SPDR ETF12.19%120,449$24M36
002BILState Street SPDR Bloomberg 1-3 Month T-Bill ETF7.44%157,386$14M19
003IEMGiShares Core MSCI Emerging Markets ETF7.40%176,265$14M19
004BCIabrdn Bloomberg All Commodity Strategy K-1 Free ETF6.99%522,076$14M5
005SPYState Street SPDR S&P 500 ETF Trust6.56%16,633$13M42
006HEZUiShares Currency Hedged MSCI Eurozone ETF5.47%218,346$11M3
007SPMDState Street SPDR Portfolio S&P 400 Mid Cap ETF5.14%157,604$10M5
008SPHYState Street SPDR Portfolio High Yield Bond ETF4.95%426,521$10M12
009XEMDBondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF4.93%222,997$10M2
010XLVState Street Health Care Select Sector SPDR ETF4.91%56,411$10M31
011XLCState Street Communication Services Select Sector SPDR ETF4.48%78,050$9M24
012XLFState Street Financial Select Sector SPDR ETF3.94%142,582$8M25
013DBJPXtrackers MSCI Japan Hedged Equity ETF3.76%62,292$7M1
014SPSMState Street SPDR Portfolio S&P 600 Small Cap ETF3.71%135,603$7M5
015XLEState Street Energy Select Sector SPDR ETF3.08%96,939$6M31

Showing 1–15 of 28 holdings

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$11,616
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. NDAA $11,616. SPY $12,044. Use the arrow keys to read each point.$9,582$10,912$12,243Oct 2025Apr 2026Oct 2026

Oct 10, 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 NDAA. Periods over one year show the average yearly return.
PeriodNDAA
Year to date+10.9%
1 month−0.3%
3 months+0.8%
1 year+16.2%
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 NDAA
YearReturn barNDAA
2026 YTD+10.9%
2025+14.0%
2024−1.3%

Since listing, Oct 17, 2024

NDAA in the news

Filtered to NDAA · Multi-Asset Allocation

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 12, 2026.
2.44%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

NDAA Risk

How much the fund’s monthly returns vary, scaled to a year.
9.9%
Annualised · 23 months to Sep 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.
0.86
vs 3-month T-bills · 23 months to Sep 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%
23 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.

NDAA Cost

Expense ratio0.80%
  • The middle half of Multi-Asset Allocation funds
  • Median 0.58%

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

NDAA costs $80.00 a year on $10,000. The median Multi-Asset Allocation fund costs $58.00.

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