GDMA vs. NLR
GDMA (Gadsden Dynamic Multi-Asset ETF) and NLR (VanEck Uranium and Nuclear ETF) are both exchange-traded funds - GDMA is a Hedge Fund fund actively managed by Gadsden, while NLR is a Uranium fund tracking the MVIS Global Uranium & Nuclear Energy Index. GDMA is actively managed, while NLR is passively managed. Over the past 5 years, GDMA returned 8.19%/yr vs 21.03%/yr for NLR. At a 0.39 correlation, their price movements are largely independent. GDMA charges 0.77%/yr vs 0.56%/yr for NLR.
Performance
GDMA vs. NLR - Performance Comparison
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Returns By Period
In the year-to-date period, GDMA achieves a 10.22% return, which is significantly higher than NLR's -1.45% return.
GDMA
- 1D
- -3.51%
- 1M
- 2.90%
- YTD
- 10.22%
- 6M
- 9.52%
- 1Y
- 30.24%
- 3Y*
- 16.68%
- 5Y*
- 8.19%
- 10Y*
- —
NLR
- 1D
- -1.73%
- 1M
- -6.46%
- YTD
- -1.45%
- 6M
- -4.74%
- 1Y
- 15.99%
- 3Y*
- 31.54%
- 5Y*
- 21.03%
- 10Y*
- 12.97%
GDMA vs. NLR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GDMA Gadsden Dynamic Multi-Asset ETF | 10.22% | 25.29% | 7.44% | 1.72% | -2.08% | 3.95% | 21.08% | 11.59% | -3.70% |
NLR VanEck Uranium and Nuclear ETF | -1.45% | 56.50% | 14.26% | 36.67% | 2.29% | 13.63% | 3.49% | 0.20% | -0.34% |
Correlation
The correlation between GDMA and NLR is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2018 | 0.39 |
The correlation between GDMA and NLR shifts across timeframes, from 0.35 (5 years) to 0.51 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GDMA vs. NLR — Risk / Return Rank
GDMA
NLR
GDMA vs. NLR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gadsden Dynamic Multi-Asset ETF (GDMA) and VanEck Uranium and Nuclear ETF (NLR). 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 | NLR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.62 | ||
| Sortino ratioReturn per unit of downside risk | +1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.09 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 4.03 | 0.54 | +3.49 |
| Martin ratioReturn relative to average drawdown | 10.70 | 1.16 | +9.54 |
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Drawdowns
GDMA vs. NLR - Drawdown Comparison
The maximum GDMA drawdown since its inception was -16.66%, smaller than the maximum NLR drawdown of -65.05%. Use the drawdown chart below to compare losses from any high point for GDMA and NLR.
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Drawdown Indicators
| GDMA | NLR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.66% | -65.05% | +48.39% |
Max Drawdown (1Y)Largest decline over 1 year | -7.53% | -29.72% | +22.19% |
Max Drawdown (3Y)Largest decline over 3 years | -7.53% | -30.48% | +22.95% |
Max Drawdown (5Y)Largest decline over 5 years | -12.74% | -30.48% | +17.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.35% | — |
Current DrawdownCurrent decline from peak | -3.51% | -25.53% | +22.02% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -35.68% | +31.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 13.83% | -11.00% |
Volatility
GDMA vs. NLR - Volatility Comparison
The current volatility for Gadsden Dynamic Multi-Asset ETF (GDMA) is 8.71%, while VanEck Uranium and Nuclear ETF (NLR) has a volatility of 13.59%. This indicates that GDMA experiences smaller price fluctuations and is considered to be less risky than NLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDMA | NLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.71% | 13.59% | -4.88% |
Volatility (6M)Calculated over the trailing 6-month period | 12.85% | 32.95% | -20.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.24% | 42.81% | -27.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.21% | 29.63% | -19.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.32% | 24.26% | -12.94% |
GDMA vs. NLR - Expense Ratio Comparison
GDMA has a 0.77% expense ratio, which is higher than NLR's 0.56% expense ratio.
Dividends
GDMA vs. NLR - Dividend Comparison
GDMA's dividend yield for the trailing twelve months is around 2.53%, less than NLR's 2.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDMA Gadsden Dynamic Multi-Asset ETF | 2.53% | 2.79% | 2.32% | 4.14% | 1.18% | 2.10% | 0.62% | 3.17% | 0.00% | 0.00% | 0.00% | 0.00% |
NLR VanEck Uranium and Nuclear ETF | 2.59% | 2.55% | 0.76% | 4.54% | 2.02% | 1.99% | 2.23% | 2.21% | 3.91% | 4.86% | 3.62% | 3.30% |
Frequently Asked Questions
GDMA and NLR have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NLR has higher volatility (13.59%) compared to GDMA (8.71%). In terms of maximum drawdown, GDMA dropped -16.66% vs NLR's -65.05%.
On 5-year performance, NLR leads with 21.03% vs 8.19% for GDMA. On fees, NLR is cheaper at 0.56% per year. On volatility, GDMA has been the lower-risk option at 8.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, NLR has performed better with a 21.03% return vs 8.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NLR is cheaper with a 0.56% expense ratio, compared with 0.77% for GDMA.
NLR has the higher dividend yield at 2.59%, compared with 2.53% for GDMA.
GDMA is categorized as Hedge Fund, while NLR is Uranium. They also come from different issuers: Gadsden and VanEck. Their fees differ too: 0.77% for GDMA and 0.56% for NLR.
GDMA currently has the higher Sharpe Ratio (2.00 vs 0.38), 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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