- ISIN
- US26922A3547
- CUSIP
- 02072L870
- Issuer
- Gadsden
- Inception Date
- Nov 14, 2018
- Region
- Developed Markets (Broad)
- Category
- Global Allocation, Tactical Allocation
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $160M
Highlights
- Avg. Volume (1M)
- 29K
- Avg. Volume Value (1M)
- $1.21M
Share Price Chart
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Performance
GDMA Performance Chart
Gadsden Dynamic Multi-Asset ETF (GDMA) is up 9.8% since the beginning of the year. GDMA is currently trading at $42 per share. Investors who bought $1,000 worth of GDMA shares 5 years ago would now be looking at an investment worth $1,491.
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Compare this symbol against anything
Returns By Period
Gadsden Dynamic Multi-Asset ETF (GDMA) has returned 9.82% so far this year and 22.92% over the past 12 months.
Gadsden Dynamic Multi-Asset ETF
- 1D
- -0.11%
- 1M
- -2.48%
- 6M
- 0.25%
- YTD
- 9.82%
- 1Y
- 22.92%
- 3Y*
- 15.88%
- 5Y*
- 8.31%
- 10Y*
- —
- ALL TIME*
- 9.35%
Benchmark (S&P 500 Index)
- 1D
- 1.66%
- 1M
- -0.82%
- 6M
- 6.72%
- YTD
- 8.65%
- 1Y
- 16.89%
- 3Y*
- 17.46%
- 5Y*
- 11.09%
- 10Y*
- 13.10%
- ALL TIME*
- 8.07%
GDMA Monthly Returns History
Based on dividend-adjusted daily data since Nov 15, 2018, GDMA's average daily return is +0.04%, while the average monthly return is +0.78%. At this rate, an investment would double in approximately 7.4 years.
Historically, 58% of months were positive and 42% were negative. The best month was Jul 2020 with a return of +9.2%, while the worst month was Mar 2020 at -8.6%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 4 months.
On a daily basis, GDMA closed higher 55% of trading days. The best single day was Apr 6, 2020 with a return of +3.3%, while the worst single day was Mar 12, 2020 at -6.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.46% | 2.74% | -5.27% | 3.35% | -1.02% | 4.28% | -2.48% | 9.82% | |||||
| 2025 | 2.33% | -0.84% | -0.03% | -0.08% | 3.14% | 5.18% | 2.12% | 1.32% | 7.02% | 1.58% | -1.00% | 2.33% | 25.29% |
| 2024 | -0.44% | 1.83% | 2.35% | -2.96% | 2.45% | 0.73% | 0.65% | 2.00% | 3.22% | -2.83% | 2.76% | -2.27% | 7.44% |
| 2023 | -4.06% | -1.56% | 1.11% | 0.07% | 0.37% | -0.37% | 1.14% | -0.24% | 1.86% | 1.28% | -0.13% | 2.42% | 1.72% |
| 2022 | -0.89% | 1.20% | 2.78% | -0.39% | -0.40% | -1.58% | -2.58% | 1.09% | 2.73% | -1.45% | -2.63% | 0.21% | -2.08% |
| 2021 | -0.36% | 1.15% | -0.21% | 2.89% | 3.11% | -3.13% | -0.63% | 0.38% | -2.84% | 2.62% | -1.49% | 2.66% | 3.95% |
Benchmark Metrics
Gadsden Dynamic Multi-Asset ETF has an annualized alpha of 5.65%, beta of 0.27, and R2 of 0.22 versus S&P 500 Index. Calculated based on daily prices since November 15, 2018.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (35.20%) than losses (24.94%) - typical of diversified or defensive assets.
- Beta of 0.27 may look defensive, but with R2 of 0.22 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.22 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 5.65%
- Beta
- 0.27
- R²
- 0.22
- Upside Capture
- 35.20%
- Downside Capture
- 24.94%
Expense Ratio
GDMA has an expense ratio of 0.77%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GDMA ranks 67 for risk / return — above 67% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Gadsden Dynamic Multi-Asset ETF (GDMA) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GDMA | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.24 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 1.86 | +1.19 |
| Martin ratioReturn relative to average drawdown | 7.11 | 7.90 | -0.79 |
Dividends
Dividend History
Gadsden Dynamic Multi-Asset ETF provided a 2.54% dividend yield over the last twelve months, with an annual payout of $1.08 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $1.08 | $1.08 | $0.73 | $1.25 | $0.36 | $0.67 | $0.19 | $0.83 |
Dividend yield | 2.54% | 2.79% | 2.32% | 4.14% | 1.18% | 2.10% | 0.62% | 3.17% |
Monthly Dividends
The table displays the monthly dividend distributions for Gadsden Dynamic Multi-Asset ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.08 | $1.08 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.73 | $0.73 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.25 | $1.25 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.36 |
| 2021 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.57 | $0.67 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Gadsden Dynamic Multi-Asset ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Gadsden Dynamic Multi-Asset ETF was 16.66%, occurring on Mar 18, 2020. Recovery took 75 trading sessions.
The current Gadsden Dynamic Multi-Asset ETF drawdown is 3.86%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-16.66%Mar 2020 | 27d | 3mo 20d | 4mo 17dFeb 2020 - Jul 2020 | COVID crash2020 |
-12.74%Mar 2023 | 10mo 21d | 1y 4mo | 2y 2moApr 2022 - Jul 2024 | — |
-8.45%Sep 2020 | 1mo 4d | 2mo 23d | 3mo 27dAug 2020 - Dec 2020 | — |
-8.32%Jul 2021 | 1mo 17d | 8mo 7d | 9mo 24dJun 2021 - Mar 2022 | — |
-7.53%May 2026 | 2mo 21d | 1mo | 3mo 21dFeb 2026 - Jun 2026 | — |
Drawdown Indicators
| GDMA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.66% | -56.78% | +40.12% |
Max Drawdown (1Y)Largest decline over 1 year | -7.53% | -9.10% | +1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -7.53% | -18.90% | +11.37% |
Max Drawdown (5Y)Largest decline over 5 years | -12.74% | -25.43% | +12.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -3.86% | -2.26% | -1.60% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -10.70% | +6.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 2.14% | +1.09% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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