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Performance
GMMA Performance Chart
GammaRoad Market Navigation ETF (GMMA) is down 2.0% since the beginning of the year. GMMA is currently trading at $21 per share.
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Returns By Period
GammaRoad Market Navigation ETF (GMMA) has returned -1.99% so far this year and 5.12% over the past 12 months.
GammaRoad Market Navigation ETF
- 1D
- -0.00%
- 1M
- -1.95%
- YTD
- -1.99%
- 6M
- -0.59%
- 1Y
- 5.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 1.02%
- 1M
- 3.83%
- YTD
- 0.60%
- 6M
- 3.48%
- 1Y
- 28.39%
- 3Y*
- 18.51%
- 5Y*
- 10.79%
- 10Y*
- 12.71%
GMMA Monthly Returns History
Based on dividend-adjusted daily data since Sep 17, 2024, GMMA's average daily return is +0.02%, while the average monthly return is +0.37%. At this rate, an investment would double in approximately 15.6 years.
Historically, 75% of months were positive and 25% were negative. The best month was Jan 2025 with a return of +3.2%, while the worst month was Dec 2024 at -3.2%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 2 months.
On a daily basis, GMMA closed higher 55% of trading days. The best single day was Jan 15, 2025 with a return of +2.4%, while the worst single day was Dec 18, 2024 at -3.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.91% | -0.01% | -2.96% | 0.10% | -1.99% | ||||||||
| 2025 | 3.24% | 0.12% | -2.09% | 0.67% | -0.52% | 2.18% | 1.03% | 1.38% | 1.32% | 0.92% | 0.16% | 0.30% | 8.95% |
| 2024 | 0.87% | 0.02% | 2.90% | -3.21% | 0.49% |
Benchmark Metrics
GammaRoad Market Navigation ETF has an annualized alpha of 1.30%, beta of 0.24, and R² of 0.33 versus S&P 500 Index. Calculated based on daily prices since September 18, 2024.
- This ETF participated in 44.19% of S&P 500 Index downside but only 33.50% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.24 may look defensive, but with R² of 0.33 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 0.33 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.30%
- Beta
- 0.24
- R²
- 0.33
- Upside Capture
- 33.50%
- Downside Capture
- 44.19%
Expense Ratio
GMMA has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GMMA ranks 23 for risk / return — below 23% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for GammaRoad Market Navigation ETF (GMMA) and compare them to a chosen benchmark (S&P 500 Index).
| GMMA | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | 2.17 | -1.12 |
Sortino ratioReturn per unit of downside risk | 1.48 | 3.02 | -1.55 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.41 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 1.53 | 2.88 | -1.35 |
Martin ratioReturn relative to average drawdown | 6.02 | 13.00 | -6.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore GMMA risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
GammaRoad Market Navigation ETF provided a 3.85% dividend yield over the last twelve months, with an annual payout of $0.79 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.79 | $0.64 | $0.11 |
Dividend yield | 3.85% | 3.00% | 0.57% |
Monthly Dividends
The table displays the monthly dividend distributions for GammaRoad Market Navigation 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 | $0.18 | $0.00 | $0.18 | ||||||||
| 2025 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.34 | $0.64 |
| 2024 | $0.11 | $0.11 |
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 GammaRoad Market Navigation 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 GammaRoad Market Navigation ETF was 5.21%, occurring on Jan 10, 2025. Recovery took 7 trading sessions.
The current GammaRoad Market Navigation ETF drawdown is 3.28%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -5.21% | Dec 9, 2024 | 22 | Jan 10, 2025 | 7 | Jan 22, 2025 | 29 |
| -5.21% | Jan 24, 2025 | 34 | Mar 13, 2025 | 91 | Jul 24, 2025 | 125 |
| -3.39% | Jan 29, 2026 | 46 | Apr 6, 2026 | — | — | — |
| -1.66% | Oct 29, 2025 | 17 | Nov 20, 2025 | 10 | Dec 5, 2025 | 27 |
| -1.62% | Jan 13, 2026 | 5 | Jan 20, 2026 | 6 | Jan 28, 2026 | 11 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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