GMMA vs RISN

GMMABGammaRoad Market Navigation ETF

RISNAInspire Capital Appreciation ETF

In short

GMMA One 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.

RISN A tactical blend of U.S. large-cap stocks and U.S. bonds from a values-screening shop, built to chase long-term growth with less turbulence than the large-cap market, at a fee below the typical tactical peer.

Stated mandate

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

RISN The fund seeks long-term capital appreciation with lower volatility than the U.S. large-cap stock market.

Why people hold it

• GMMA 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.

• RISN Charges 0.72% a year, under the going rate for tactical multi-asset funds that actively shift their mix.
• One ticket holds U.S. large-cap equities alongside U.S. fixed income, with the stated aim of long-term appreciation at lower volatility than U.S. large caps.
• One of the stronger implementations in a crowded tactical multi-asset field, with a live record going back to its 2020 launch.
• Pays out quarterly, so the bond sleeve shows up as scheduled cash rather than a once-a-year surprise.

Worth knowing

• GMMA 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

• RISN Thinly traded and modest in size, so bid-ask spreads can matter more than the fee does. Limit orders are the standard workaround.
• Tactical means judgment calls: the allocation can look nothing like a fixed stock/bond blend at any given moment.
• Cheap for tactical, not cheap outright. Peers such as ENDW (0.22%) and ONOF (0.39%) run at a fraction of the fee.

Full GMMA profile⁠

Full RISN profile⁠