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NDAA vs UCBG

Ned Davis Research 360 Dynamic Allocation ETF

NDAABNasdaq

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

UCBGANYSE Arca

Overlap

0.0%by weight

Expense ratio

UCBG −0.59pt a year

NDAA0.65%UCBG0.06%

Avg volume · 30D

UCBG 301.2×the volume

NDAA13.8KUCBG4.15M

NDAA vs UCBG Performance

Sep 30, 2026 – Oct 30, 2026

−0.8%NDAA−0.9%UCBG

Sep 30, 2026 to Oct 30, 2026. NDAA −0.8%. UCBG −0.9%. Use the arrow keys to read each point.0%0.5%1%1.5%2%Sep 30Oct 15Oct 30
Expense ratio
NDAA 0.65%
UCBG 0.06%, better
Fund size
NDAA $195M
UCBG $2.52B
1Y total return
NDAA +9.5%
UCBG No data
Yield (12M)
NDAA 2.48%
UCBG No data
Holdings
NDAA 26
UCBG 868
Avg volume (30D)
NDAA 13.8K sh
UCBG 4.15M sh, better
NAV per share
NDAA $23.68
UCBG $50.56
52W range

ETF.net Grade

NDAA: Cost 44, Risk 46, Mission 81, Tradability 41, Holdings 65, Durability 54. UCBG: Cost 100, Risk not scored, Mission 99, Tradability 99, Holdings 79, Durability 66.
Pillar letters and Scores for NDAA, UCBG, with each pillar’s weight
PillarNDAAUCBG
Cost30% weightC44A100Higher
Mission25% weightA81A99Higher
Risk15% weightC46Not scored
Tradability15% weightC41A99Higher
Holdings10% weightB65A79Higher
Durability5% weightC54B66Higher

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. NDAA 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 NDAA 17th 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 16BRAAXVanEck Real Assets ETFScore 57
  4. Rank 17BNDAANed Davis Research 360 Dynamic Allocation ETFScore 55
  5. Rank 18CDRSKAptus Defined Risk ETFScore 54

Our read on each fund

ETF.net Research

NDAABNed Davis Research 360 Dynamic Allocation ETF

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

In short

NDAA A 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.

UCBG No data

Stated mandate

NDAA 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.

UCBG No data

Why people hold it

  • NDAA 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.

UCBG No data

Worth knowing

  • NDAA 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.

UCBG No data

Full NDAA profile⁠

Full UCBG profile⁠

NDAA vs UCBG Holdings

How NDAA and UCBG differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of NDAA and 0.0% of UCBG.

Level by level

  • Holdings0 in both0.0%
  • Countryby domicile80.9%

Sector

No Sector split for NDAA.

Country, concentration and asset class

Country by domicile

Country weights in NDAA and UCBG, widest gap first
CountryMore in NDAAMore in UCBG
United StatesUCBG +18.4 points
JapanNDAA +8.0 points
TaiwanNDAA +2.0 points
South KoreaNDAA +1.3 points
ChinaNDAA +1.1 points
IndiaNDAA +0.9 points
CanadaNDAA +0.9 points
United KingdomNDAA +0.9 points
Other countries (31)NDAA +3.4 points

Outside the US: NDAA 69% developed, 31% emerging.

Concentration

Weight in the 10 largest Holdings

  • NDAA67.5%
  • UCBG33.6%

Securities held

  • NDAA26
  • UCBG866

Asset class

NDAA
Multi-Asset
UCBG
Multi-Asset

Holdings

  • Only in NDAA26
  • In both0
  • Only in UCBG866

Only in NDAA

26 securities, 100% of NDAA by weight

  • State Street Technology Select Sector SPDR ETF11.69%
  • State Street SPDR Bloomberg 1-3 Month T-Bill ETF10.16%
  • abrdn Bloomberg All Commodity Strategy K-1 Free ETF6.97%

Only in UCBG

866 securities, 99.7% of UCBG by weight

  • NVIDIA Corp6.99%
  • Apple Inc6.89%
  • Microsoft Corp5.32%

Weight gaps

NDAA and UCBG share no securities.

All NDAA holdings⁠All 503 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.

NDAA vs UCBG Cost

Overpaying NDAA vs UCBG

$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%

    $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

Expense ratio

  • 0.65%NDAA
  • 0.06%UCBG, cheaper
  • Middle half of Multi-Asset Allocation funds
  • Median 0.57%

UCBG cheapest of 37 funds

NDAA 20th cheapest of 37 funds

NDAA vs UCBG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
NDAA 2.48%
UCBG No data
Payout (12M)
NDAA $0.59
UCBG No data
Last payment
NDAA $0.59
UCBG $0.04
Ex-dividend
NDAA Dec 23, 2025
UCBG Sep 21, 2026
Paid on
NDAA Dec 24, 2025
UCBG Sep 23, 2026
Frequency
NDAA Annual
UCBG Irregular

Distribution history

Per share, 2024 to 2026, same scale for both

NDAAAnnual · 2 paymentsAll NDAA payments⁠
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.$0$0.502026YTD
UCBGIrregular · 1 paymentAll UCBG payments⁠
One bar per payment. 1 payment from 2024 to 2026 YTD. Sep 21, 2026 $0.04. Use the arrow keys to read each point.$0$0.502026YTD

NDAA vs UCBG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
NDAA 9.8%since Nov 2024UCBG No data
Return per unit of riskSharpe ratio, 3 years
NDAA 0.77since Nov 2024UCBG No data
Worst fallMax drawdown, 5 years
NDAA −13.5%since Oct 2024UCBG No data
Market sensitivityBeta, 5 years
NDAA 0.73UCBG 0.00

NDAA and UCBG in the news

All news⁠

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