- Issuer
- NovaTide
- Inception Date
- Oct 30, 2025
- Region
- Global (Global)
- Category
- Global Allocation
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- US
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $8M
Share Price Chart
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Performance
NMBL Performance Chart
NovaTide Flexible Allocation ETF (NMBL) is up 4.7% since the beginning of the year. NMBL is currently trading at $21 per share.
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Returns By Period
NovaTide Flexible Allocation ETF
- 1D
- 0.84%
- 1M
- 0.32%
- YTD
- 4.71%
- 6M
- 4.77%
- 1Y
- —
- 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%
NMBL Monthly Returns History
Based on dividend-adjusted daily data since Oct 31, 2025, NMBL's average daily return is +0.03%, while the average monthly return is +0.52%. At this rate, an investment would double in approximately 11.1 years.
Historically, 56% of months were positive and 44% were negative. The best month was Apr 2026 with a return of +6.2%, while the worst month was Mar 2026 at -4.1%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 1 months.
On a daily basis, NMBL closed higher 58% of trading days. The best single day was Mar 31, 2026 with a return of +2.3%, while the worst single day was Jun 5, 2026 at -4.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.23% | 0.33% | -4.14% | 6.17% | 1.52% | -1.19% | 4.71% | ||||||
| 2025 | 0.00% | -0.41% | 0.14% | -0.27% |
Benchmark Metrics
NovaTide Flexible Allocation ETF has an annualized alpha of -5.65%, beta of 0.85, and R2 of 0.75 versus S&P 500 Index. Calculated based on daily prices since October 31, 2025.
- This ETF participated in 71.13% of S&P 500 Index downside but only 50.75% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -5.65% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -5.65%
- Beta
- 0.85
- R²
- 0.75
- Upside Capture
- 50.75%
- Downside Capture
- 71.13%
Expense Ratio
NMBL has a high expense ratio of 1.99%, indicating above-average management fees.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for NovaTide Flexible Allocation ETF (NMBL) 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.
| NMBL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
NovaTide Flexible Allocation ETF provided a 0.88% dividend yield over the last twelve months, with an annual payout of $0.18 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.18 | $0.18 |
Dividend yield | 0.88% | 0.93% |
Monthly Dividends
The table displays the monthly dividend distributions for NovaTide Flexible Allocation 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 | ||||||
| 2025 | $0.18 | $0.18 |
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 NovaTide Flexible Allocation 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 NovaTide Flexible Allocation ETF was 8.05%, occurring on Mar 30, 2026. Recovery took 23 trading sessions.
The current NovaTide Flexible Allocation ETF drawdown is 2.70%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -8.05%Mar 2026 | 2mo | 1mo 2d | 3mo 2dJan 2026 - May 2026 |
2026 pullback2026 | -5.30%Jun 2026 | 5d | — | 18d 1hJun 2026 - now |
2025 pullback2025 | -4.47%Nov 2025 | 17d | 19d | 1mo 6dNov 2025 - Dec 2025 |
2026 pullback2026 | -3.58%May 2026 | 11d | 16d | 27dMay 2026 - Jun 2026 |
2025 pullback2025 | -2.22%Dec 2025 | 5d | 6d | 11dDec 2025 - Dec 2025 |
Drawdown Indicators
| NMBL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.05% | -56.78% | +48.73% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
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 | -2.70% | -1.80% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -2.02% | -10.71% | +8.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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