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GDMA vs. FDD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GDMA vs. FDD

Last updated Jun 13, 2026

GDMA (Gadsden Dynamic Multi-Asset ETF) and FDD (First Trust STOXX European Select Dividend Index Fund) are both exchange-traded funds - GDMA is a Hedge Fund fund actively managed by Gadsden, while FDD is a Europe Equities fund tracking the STOXX Europe Select Dividend 30. GDMA is actively managed, while FDD is passively managed. Over the past 5 years, GDMA returned 7.35%/yr vs 11.32%/yr for FDD. At a 0.35 correlation, their price movements are largely independent. GDMA charges 0.77%/yr vs 0.58%/yr for FDD.

Performance

GDMA vs. FDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gadsden Dynamic Multi-Asset ETF (GDMA) and First Trust STOXX European Select Dividend Index Fund (FDD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, GDMA achieves a 9.12% return, which is significantly lower than FDD's 13.65% return.

GDMA

1D
0.65%
1M
-0.51%
YTD
9.12%
6M
11.07%
1Y
28.81%
3Y*
16.32%
5Y*
7.35%
10Y*
—

FDD

1D
0.81%
1M
1.80%
YTD
13.65%
6M
17.76%
1Y
33.97%
3Y*
26.21%
5Y*
11.32%
10Y*
10.93%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GDMA vs. FDD - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
GDMA
Gadsden Dynamic Multi-Asset ETF		9.12%25.29%7.44%1.72%-2.08%3.95%21.08%11.59%-3.70%
FDD
First Trust STOXX European Select Dividend Index Fund		13.65%62.50%0.28%14.16%-16.14%16.03%-3.80%23.79%-5.92%

Correlation

The correlation between GDMA and FDD is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.49

Correlation (3Y)
Calculated over the trailing 3-year period

0.46

Correlation (5Y)
Calculated over the trailing 5-year period

0.27

Correlation (All Time)
Calculated using the full available price history since Nov 15, 2018

0.35

The correlation between GDMA and FDD shifts across timeframes, from 0.27 (5 years) to 0.49 (1 year), reflecting how their relationship changes across market environments.

GDMA vs. FDD - Sectors Allocation Comparison

Sectors
GDMA
FDD

Technology

23.4%

-

Financial Services

14.5%
52.2%

Industrials

14.4%
12.5%

Energy

10.0%
10.8%

Basic Materials

9.0%
2.9%

Consumer Cyclical

8.8%
12.3%

Communication Services

7.0%
2.1%

Healthcare

5.5%

-

Consumer Defensive

3.5%
3.7%

Utilities

2.4%
6.0%

Real Estate

1.6%
3.5%

Technology

GDMA
23.4%
FDD

-

Financial Services

GDMA
14.5%
FDD
52.2%

Industrials

GDMA
14.4%
FDD
12.5%

Energy

GDMA
10.0%
FDD
10.8%

Basic Materials

GDMA
9.0%
FDD
2.9%

Consumer Cyclical

GDMA
8.8%
FDD
12.3%

Communication Services

GDMA
7.0%
FDD
2.1%

Healthcare

GDMA
5.5%
FDD

-

Consumer Defensive

GDMA
3.5%
FDD
3.7%

Utilities

GDMA
2.4%
FDD
6.0%

Real Estate

GDMA
1.6%
FDD
3.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Gadsden Dynamic Multi-Asset ETF

First Trust STOXX European Select Dividend Index Fund

Often compared with GDMA:
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Often compared with FDD:
FDD vs. EUFNFDD vs. FLAXFDD vs. VTIFDD vs. RFEUFDD vs. IQDFFDD vs. DVYFDD vs. IEUR

Return for Risk

GDMA vs. FDD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GDMA
GDMA Risk / Return Rank: 6969
Overall Rank
GDMA Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
GDMA Sortino Ratio Rank: 6161
Sortino Ratio Rank
GDMA Omega Ratio Rank: 7272
Omega Ratio Rank
GDMA Calmar Ratio Rank: 8080
Calmar Ratio Rank
GDMA Martin Ratio Rank: 6262
Martin Ratio Rank
FDD
FDD Risk / Return Rank: 7575
Overall Rank
FDD Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
FDD Sortino Ratio Rank: 7575
Sortino Ratio Rank
FDD Omega Ratio Rank: 7171
Omega Ratio Rank
FDD Calmar Ratio Rank: 7979
Calmar Ratio Rank
FDD Martin Ratio Rank: 7373
Martin Ratio Rank
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. FDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gadsden Dynamic Multi-Asset ETF (GDMA) and First Trust STOXX European Select Dividend Index Fund (FDD). 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.

GDMAFDDDifference
Sharpe ratioReturn per unit of total volatility
1.93
2.11

-0.18

Sortino ratioReturn per unit of downside risk
2.51
2.91

-0.40

Omega ratioGain probability vs. loss probability

1.37

1.36

+0.01

Calmar ratioReturn relative to maximum drawdown

3.70

3.58

+0.12

Martin ratioReturn relative to average drawdown

9.85

11.88

-2.03

GDMA vs. FDD - Sharpe Ratio Comparison

The current GDMA Sharpe Ratio is 1.93, which is comparable to the FDD Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of GDMA and FDD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

GDMA vs. FDD - Drawdown Comparison

The maximum GDMA drawdown since its inception was -16.66%, smaller than the maximum FDD drawdown of -74.77%. Use the drawdown chart below to compare losses from any high point for GDMA and FDD.

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Drawdown Indicators

GDMAFDDDifference

Max Drawdown

Largest peak-to-trough decline

-16.66%

-74.77%

+58.11%

Max Drawdown (1Y)

Largest decline over 1 year

-7.53%

-9.39%

+1.86%

Max Drawdown (3Y)

Largest decline over 3 years

-7.53%

-13.06%

+5.53%

Max Drawdown (5Y)

Largest decline over 5 years

-12.74%

-35.11%

+22.37%

Max Drawdown (10Y)

Largest decline over 10 years

—

-41.43%

—

Current Drawdown

Current decline from peak

-2.90%

-0.40%

-2.50%

Average Drawdown

Average peak-to-trough decline

-3.79%

-35.41%

+31.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.82%

2.83%

-0.01%

Volatility

GDMA vs. FDD - Volatility Comparison

Gadsden Dynamic Multi-Asset ETF (GDMA) has a higher volatility of 7.92% compared to First Trust STOXX European Select Dividend Index Fund (FDD) at 5.91%. This indicates that GDMA's price experiences larger fluctuations and is considered to be riskier than FDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GDMAFDDDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.92%

5.91%

+2.01%

Volatility (6M)

Calculated over the trailing 6-month period

11.68%

12.98%

-1.30%

Volatility (1Y)

Calculated over the trailing 1-year period

14.40%

15.93%

-1.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.02%

18.48%

-8.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.16%

20.16%

-9.00%

GDMA vs. FDD - Expense Ratio Comparison

GDMA has a 0.77% expense ratio, which is higher than FDD's 0.58% expense ratio.

Dividends

GDMA vs. FDD - Dividend Comparison

GDMA's dividend yield for the trailing twelve months is around 2.56%, less than FDD's 3.48% yield.

PositionTTM20252024202320222021202020192018201720162015
FDD
First Trust STOXX European Select Dividend Index Fund		3.48%3.99%7.65%6.85%6.07%3.44%4.01%4.69%5.05%2.78%4.88%4.35%
GDMA
Gadsden Dynamic Multi-Asset ETF		2.56%2.79%2.32%4.14%1.18%2.10%0.62%3.17%0.00%0.00%0.00%0.00%

Frequently Asked Questions

GDMA and FDD have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GDMA has higher volatility (7.92%) compared to FDD (5.91%). In terms of maximum drawdown, GDMA dropped -16.66% vs FDD's -74.77%.

On 5-year performance, FDD leads with 11.32% vs 7.35% for GDMA. On fees, FDD is cheaper at 0.58% per year. On volatility, FDD has been the lower-risk option at 5.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FDD has performed better with a 11.32% return vs 7.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FDD is cheaper with a 0.58% expense ratio, compared with 0.77% for GDMA.

FDD has the higher dividend yield at 3.48%, compared with 2.56% for GDMA.

GDMA is categorized as Hedge Fund, while FDD is Europe Equities. They also come from different issuers: Gadsden and First Trust. Their fees differ too: 0.77% for GDMA and 0.58% for FDD.

FDD currently has the higher Sharpe Ratio (2.11 vs 1.93), 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.

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