- ISIN
- US45259A7046
- CUSIP
- 45259A704
- Inception Date
- Sep 16, 2024
- Region
- North America (U.S.)
- Category
- Tactical Allocation
- Leveraged
- 1x (No leverage)
- Index Tracked
- MarketVector GammaRoad U.S. Equity Strategy Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Assets Under Management
- $6M
Share Price Chart
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Performance
GMMA Performance Chart
GammaRoad Market Navigation ETF (GMMA) is up 2.9% since the beginning of the year. GMMA is currently trading at $22 per share.
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Returns By Period
GammaRoad Market Navigation ETF (GMMA) has returned 2.92% so far this year and 9.99% over the past 12 months.
GammaRoad Market Navigation ETF
- 1D
- -0.23%
- 1M
- 0.12%
- YTD
- 2.92%
- 6M
- 2.80%
- 1Y
- 9.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GMMA Monthly Returns History
Based on dividend-adjusted daily data since Sep 17, 2024, GMMA's average daily return is +0.03%, while the average monthly return is +0.55%. At this rate, an investment would double in approximately 10.5 years.
Historically, 73% of months were positive and 27% were negative. The best month was May 2026 with a return of +3.6%, 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% | 2.34% | 3.57% | -0.83% | 2.92% | ||||||
| 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 | 0.60% | 0.02% | 2.90% | -3.21% | 0.22% |
Benchmark Metrics
GammaRoad Market Navigation ETF has an annualized alpha of 2.24%, beta of 0.27, and R2 of 0.38 versus S&P 500 Index. Calculated based on daily prices since September 17, 2024.
- This ETF participated in 45.36% of S&P 500 Index downside but only 36.44% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.27 may look defensive, but with R2 of 0.38 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 0.38 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
- 2.24%
- Beta
- 0.27
- R²
- 0.38
- Upside Capture
- 36.44%
- Downside Capture
- 45.36%
Expense Ratio
GMMA has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GMMA ranks 54 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for GammaRoad Market Navigation ETF (GMMA) 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.
| GMMA | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 2.78 | +0.18 |
| Martin ratioReturn relative to average drawdown | 9.73 | 12.44 | -2.70 |
Dividends
Dividend History
GammaRoad Market Navigation ETF provided a 3.67% 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 | 3.67% | 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 | $0.00 | $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 1.07%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 pullback2025 | -5.21%Jan 2025 | 1mo 2d | 12d | 1mo 14dDec 2024 - Jan 2025 |
2025 selloff2025 | -5.21%Mar 2025 | 1mo 18d | 4mo 13d | 6mo 1dJan 2025 - Jul 2025 |
2026 pullback2026 | -3.39%Apr 2026 | 2mo 7d | 1mo | 3mo 7dJan 2026 - May 2026 |
2026 pullback2026 | -2.89%Jun 2026 | 7d | — | 20d 7hJun 2026 - now |
2025 pullback2025 | -1.66%Nov 2025 | 22d | 15d | 1mo 7dOct 2025 - Dec 2025 |
Drawdown Indicators
| GMMA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.21% | -56.78% | +51.57% |
Max Drawdown (1Y)Largest decline over 1 year | -3.39% | -9.10% | +5.71% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.07% | -1.80% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -1.24% | -10.71% | +9.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 2.03% | -1.00% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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