GDMA vs. SPY
Compare and contrast key facts about Gadsden Dynamic Multi-Asset ETF (GDMA) and State Street SPDR S&P 500 ETF (SPY).
GDMA and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GDMA is an actively managed fund by Gadsden. It was launched on Nov 14, 2018. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
GDMA vs. SPY - Performance Comparison
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GDMA vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GDMA Gadsden Dynamic Multi-Asset ETF | 5.56% | 25.29% | 7.44% | 1.72% | -2.08% | 3.95% | 21.08% | 11.59% | -3.93% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -7.93% |
Returns By Period
In the year-to-date period, GDMA achieves a 5.56% return, which is significantly higher than SPY's -4.37% return.
GDMA
- 1D
- -0.16%
- 1M
- -5.27%
- YTD
- 5.56%
- 6M
- 8.64%
- 1Y
- 30.39%
- 3Y*
- 14.82%
- 5Y*
- 7.72%
- 10Y*
- —
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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GDMA vs. SPY - Expense Ratio Comparison
GDMA has a 0.77% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
GDMA vs. SPY — Risk / Return Rank
GDMA
SPY
GDMA vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gadsden Dynamic Multi-Asset ETF (GDMA) and State Street SPDR S&P 500 ETF (SPY). 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.
| GDMA | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.52 | 0.93 | +1.59 |
Sortino ratioReturn per unit of downside risk | 3.29 | 1.45 | +1.83 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.22 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 4.72 | 1.53 | +3.20 |
Martin ratioReturn relative to average drawdown | 14.01 | 7.30 | +6.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GDMA | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.52 | 0.93 | +1.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.69 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.56 | +0.29 |
Correlation
The correlation between GDMA and SPY is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
GDMA vs. SPY - Dividend Comparison
GDMA's dividend yield for the trailing twelve months is around 2.65%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDMA Gadsden Dynamic Multi-Asset ETF | 2.65% | 2.79% | 2.32% | 4.14% | 1.18% | 2.10% | 0.62% | 3.17% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
GDMA vs. SPY - Drawdown Comparison
The maximum GDMA drawdown since its inception was -16.66%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GDMA and SPY.
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Drawdown Indicators
| GDMA | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.66% | -55.19% | +38.53% |
Max Drawdown (1Y)Largest decline over 1 year | -6.44% | -12.05% | +5.61% |
Max Drawdown (5Y)Largest decline over 5 years | -12.74% | -24.50% | +11.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -6.06% | -6.24% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -9.09% | +5.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 2.52% | -0.35% |
Volatility
GDMA vs. SPY - Volatility Comparison
The current volatility for Gadsden Dynamic Multi-Asset ETF (GDMA) is 4.01%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that GDMA experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDMA | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.01% | 5.31% | -1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 9.88% | 9.47% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.12% | 19.05% | -6.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.44% | 17.06% | -7.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.82% | 17.92% | -7.10% |