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GDMA vs UCBG

Gadsden Dynamic Multi-Asset ETF

GDMADCboe

State Street SPDR UC Investments 90/10 Endowment Strategy Index ETF

UCBGANYSE Arca

Overlap

Expense ratio

UCBG −0.69pt a year

GDMA0.75%UCBG0.06%

Avg volume · 30D

UCBG 289.3×the volume

GDMA14.3KUCBG4.15M

GDMA vs UCBG Performance

Sep 30, 2026 – Oct 30, 2026

−1.0%GDMA−0.9%UCBG

Sep 30, 2026 to Oct 30, 2026. GDMA −1.0%. UCBG −0.9%. Use the arrow keys to read each point.0%0.5%1%1.5%2%Sep 30Oct 15Oct 30
Expense ratio
GDMA 0.75%
UCBG 0.06%, better
Fund size
GDMA $213M
UCBG $2.52B
1Y total return
GDMA +5.8%
UCBG No data
Yield (12M)
GDMA 2.67%
UCBG No data
Holdings
GDMA 19
UCBG 868
Avg volume (30D)
GDMA 14.3K sh
UCBG 4.15M sh, better
NAV per share
GDMA $40.26
UCBG $50.56
52W range

ETF.net Grade

GDMA: Cost 38, Risk 44, Mission 17, Tradability 69, Holdings 40, Durability 62. UCBG: Cost 100, Risk not scored, Mission 99, Tradability 99, Holdings 79, Durability 66.
Pillar letters and Scores for GDMA, UCBG, with each pillar’s weight
PillarGDMAUCBG
Cost30% weightD38A100Higher
Mission25% weightF17A99Higher
Risk15% weightC44Not scored
Tradability15% weightB69A99Higher
Holdings10% weightC40A79Higher
Durability5% weightB62B66Higher

Rank among Multi-Asset Allocation funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. GDMA and UCBG are both graded against the same 37 Multi-Asset Allocation funds, so their Grades compare head to head.

Multi-Asset Allocation⁠

Category · 37 funds
See all 37 ›

UCBG ranks 1st and GDMA 28th of 37 funds in the Multi-Asset Allocation Category.

  1. Rank 1AUCBGState Street SPDR UC Investments 90/10 Endowment Strategy Index ETFScore 95
  2. Rank 2AAOAiShares Core 80/20 Aggressive Allocation ETFScore 88
  3. Rank 26CMHIGMilliman Healthcare Inflation Guard ETFScore 40
  4. Rank 28DGDMAGadsden Dynamic Multi-Asset ETFScore 39
  5. Rank 29DWTIPWisdomTree Inflation Plus FundScore 38

Our read on each fund

ETF.net Research

GDMADGadsden Dynamic Multi-Asset ETF

UCBGAState Street SPDR UC Investments 90/10 Endowment Strategy Index ETF

In short

GDMA A go-anywhere allocation fund with no benchmark to hug: Gadsden's managers blend a long-term macro view with short-term tactical shifts across global stocks, bonds, currencies and REITs.

UCBG No data

Stated mandate

GDMA The Fund seeks total return through active allocation among asset classes selected for their perceived risk/return opportunities. Its allocations can span global markets and may change with strategic and tactical views.

UCBG No data

Why people hold it

  • GDMA Genuinely unconstrained: the prospectus lets it roam US equities, foreign securities, currencies, bonds and REITs, and hold heavy exposure to a single asset class.etfarchitect.com
  • Two gears by design, a strategic sleeve built on long-term macro views and a tactical sleeve that can reposition on short-term ones, both screened fundamentally and quantitatively.etfarchitect.com
  • Trading since 2018, so there is a real multi-cycle live record to judge instead of a backtest.

UCBG No data

Worth knowing

  • GDMA 0.75% all-in (it includes the fees of the funds it holds), with no waiver, above the category median. Index-built peers like UCBG (0.06%) run far cheaper.
  • No index to lean on. The prospectus says risk and return are not managed against any benchmark, and the tactical-plus-strategic blend is expected to turn over faster than peers.etfarchitect.comsec.gov
  • Thinly traded with a modest asset base, so the bid-ask gap can matter more here than with the category's giants.

UCBG No data

Full GDMA profile⁠

Full UCBG profile⁠

GDMA vs UCBG Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

GDMA vs UCBG Cost

Overpaying GDMA vs UCBG

$13,212

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

  • GDMA 0.75%

    $14,482

  • UCBG 0.06%

    $1,270

$10,000
30 years

Cost over time

  • GDMA 0.75%
  • 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$15K051015202530GDMA $14,482UCBG $1,270

Year by year

YearGDMAUCBGOverpaying
10$1,336$110$1,226
20$5,078$432$4,646
30$14,482$1,270$13,212

Expense ratio

  • 0.75%GDMA
  • 0.06%UCBG, cheaper
  • Middle half of Multi-Asset Allocation funds
  • Median 0.57%

UCBG cheapest of 37 funds

GDMA 23rd cheapest of 37 funds

GDMA vs UCBG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
GDMA 2.67%
UCBG No data
Payout (12M)
GDMA $1.08
UCBG No data
Last payment
GDMA $1.08
UCBG $0.04
Ex-dividend
GDMA Dec 30, 2025
UCBG Sep 21, 2026
Paid on
GDMA Dec 31, 2025
UCBG Sep 23, 2026
Frequency
GDMA Annual
UCBG Irregular

Distribution history

Per share, 2018 to 2026, same scale for both

GDMAAnnual · 17 paymentsAll GDMA payments⁠
One bar per payment. 17 payments from 2018 to 2026 YTD. Dec 28, 2018 $0.15; Mar 12, 2019 $0.07; Jun 24, 2019 $0.16; Sep 17, 2019 $0.05; Dec 23, 2019 $0.55; Mar 24, 2020 $0.03; Jun 23, 2020 $0.03; Sep 22, 2020 $0.003; Dec 30, 2020 $0.13; Mar 15, 2021 $0.0061; Sep 13, 2021 $0.09; Dec 30, 2021 $0.57; Dec 27, 2022 $0.36; Dec 28, 2023 $1.25; Dec 12, 2024 $0.71; Dec 30, 2024 $0.02; Dec 30, 2025 $1.08. Use the arrow keys to read each point.$0$1202020232026YTD
UCBGIrregular · 1 paymentAll UCBG payments⁠
One bar per payment. 1 payment from 2018 to 2026 YTD. Sep 21, 2026 $0.04. Use the arrow keys to read each point.$0$1202020232026YTD

GDMA vs UCBG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
GDMA 10.0%UCBG No data
Return per unit of riskSharpe ratio, 3 years
GDMA 0.82UCBG No data
Worst fallMax drawdown, 5 years
GDMA −12.8%UCBG No data
Market sensitivityBeta, 5 years
GDMA 0.51UCBG 0.00

GDMA and UCBG in the news

All news⁠

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