GDMA vs. AMZN

Last updated Jun 21, 2026

GDMA (Gadsden Dynamic Multi-Asset ETF) is Hedge Fund fund actively managed by Gadsden, while AMZN (Amazon.com, Inc) is a stock. Over the past 5 years, GDMA returned 9.29%/yr vs 6.99%/yr for AMZN. At a 0.27 correlation, their price movements are largely independent.

Performance

GDMA vs. AMZN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gadsden Dynamic Multi-Asset ETF (GDMA) and Amazon.com, Inc (AMZN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDMA achieves a 12.94% return, which is significantly higher than AMZN's 5.88% return.

GDMA

• 1D: 2.76%
• 1M: 5.60%
• YTD: 12.94%
• 6M: 14.08%
• 1Y: 34.59%
• 3Y*: 17.60%
• 5Y*: 9.29%
• 10Y*: —

AMZN

• 1D: 2.90%
• 1M: -8.97%
• YTD: 5.88%
• 6M: 7.50%
• 1Y: 16.55%
• 3Y*: 24.88%
• 5Y*: 6.99%
• 10Y*: 21.21%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GDMA vs. AMZN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GDMA Gadsden Dynamic Multi-Asset ETF	12.94%	25.29%	7.44%	1.72%	-2.08%	3.95%	21.08%	11.59%	-3.70%
AMZN Amazon.com, Inc	5.88%	5.21%	44.39%	80.88%	-49.62%	2.38%	76.26%	23.03%	-6.07%

Correlation

The correlation between GDMA and AMZN is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (All Time) Calculated using the full available price history since Nov 15, 2018	0.27

The correlation between GDMA and AMZN shifts across timeframes, from 0.17 (5 years) to 0.37 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

GDMA vs. AMZN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GDMA

GDMA Risk / Return Rank: 74
GDMA Sharpe Ratio Rank: 74
GDMA Sortino Ratio Rank: 66
GDMA Omega Ratio Rank: 77
GDMA Calmar Ratio Rank: 85
GDMA Martin Ratio Rank: 67

AMZN

AMZN Risk / Return Rank: 56
AMZN Sharpe Ratio Rank: 59
AMZN Sortino Ratio Rank: 53
AMZN Omega Ratio Rank: 52
AMZN Calmar Ratio Rank: 58
AMZN Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GDMA vs. AMZN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gadsden Dynamic Multi-Asset ETF (GDMA) and Amazon.com, Inc (AMZN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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	AMZN	Difference
Sharpe ratio: Return per unit of total volatility	2.24	0.49	+1.75
Sortino ratio: Return per unit of downside risk	2.89	0.89	+2.00
Omega ratio: Gain probability vs. loss probability	1.43	1.11	+0.32
Calmar ratio: Return relative to maximum drawdown	4.41	0.69	+3.71
Martin ratio: Return relative to average drawdown	11.72	1.61	+10.11

GDMA vs. AMZN - Sharpe Ratio Comparison

The current GDMA Sharpe Ratio is 2.24, which is higher than the AMZN Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of GDMA and AMZN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GDMA vs. AMZN - Drawdown Comparison

The maximum GDMA drawdown since its inception was -16.66%, smaller than the maximum AMZN drawdown of -94.40%. Use the drawdown chart below to compare losses from any high point for GDMA and AMZN.

Drawdown Indicators

	GDMA	AMZN	Difference
Max Drawdown Largest peak-to-trough decline	-16.66%	-94.40%	+77.74%
Max Drawdown (1Y) Largest decline over 1 year	-7.53%	-21.74%	+14.21%
Max Drawdown (3Y) Largest decline over 3 years	-7.53%	-30.88%	+23.35%
Max Drawdown (5Y) Largest decline over 5 years	-12.74%	-56.15%	+43.41%
Max Drawdown (10Y) Largest decline over 10 years	—	-56.15%	—
Current Drawdown Current decline from peak	0.00%	-11.13%	+11.13%
Average Drawdown Average peak-to-trough decline	-3.78%	-28.18%	+24.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	9.32%	-6.49%

Volatility

GDMA vs. AMZN - Volatility Comparison

The current volatility for Gadsden Dynamic Multi-Asset ETF (GDMA) is 7.94%, while Amazon.com, Inc (AMZN) has a volatility of 9.64%. This indicates that GDMA experiences smaller price fluctuations and is considered to be less risky than AMZN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GDMA	AMZN	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.94%	9.64%	-1.70%
Volatility (6M) Calculated over the trailing 6-month period	12.27%	21.29%	-9.02%
Volatility (1Y) Calculated over the trailing 1-year period	14.83%	30.56%	-15.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.09%	35.61%	-25.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.25%	32.53%	-21.28%

Dividends

GDMA vs. AMZN - Dividend Comparison

GDMA's dividend yield for the trailing twelve months is around 2.47%, while AMZN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AMZN Amazon.com, Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GDMA Gadsden Dynamic Multi-Asset ETF	2.47%	2.79%	2.32%	4.14%	1.18%	2.10%	0.62%	3.17%

Frequently Asked Questions

Can I hold both GDMA and AMZN in my portfolio?

GDMA and AMZN have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GDMA or AMZN?

AMZN has higher volatility (9.64%) compared to GDMA (7.94%). In terms of maximum drawdown, GDMA dropped -16.66% vs AMZN's -94.40%.

Which has better risk-adjusted returns?

GDMA currently has the higher Sharpe Ratio (2.24 vs 0.49), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.