GMMA vs. XXX

Last updated Jun 24, 2026

GMMA (GammaRoad Market Navigation ETF) and XXX (CYBER HORNET S&P 500 and XRP 75/25 Strategy ETF) are both Tactical Allocation funds - GMMA tracks the MarketVector GammaRoad U.S. Equity Strategy Index while XXX tracks the 75% S&P 500 - 25% S&P XRP Reference Price Index - Benchmark TR Gross. Both are passively managed. A 0.78 correlation means they provide meaningful diversification when combined. GMMA charges 0.75%/yr vs 0.95%/yr for XXX.

Performance

GMMA vs. XXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GammaRoad Market Navigation ETF (GMMA) and CYBER HORNET S&P 500 and XRP 75/25 Strategy ETF (XXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GMMA

• 1D: -0.92%
• 1M: -0.80%
• YTD: 1.98%
• 6M: 1.78%
• 1Y: 8.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XXX

• 1D: -1.69%
• 1M: -5.16%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GMMA vs. XXX - Yearly Performance Comparison

	2026 (YTD)
GMMA GammaRoad Market Navigation ETF	0.70%
XXX CYBER HORNET S&P 500 and XRP 75/25 Strategy ETF	-6.05%

Correlation

The correlation between GMMA and XXX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 30, 2026	0.78

Return for Risk

GMMA vs. XXX — Risk / Return Rank

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

GMMA

GMMA Risk / Return Rank: 47
GMMA Sharpe Ratio Rank: 43
GMMA Sortino Ratio Rank: 40
GMMA Omega Ratio Rank: 46
GMMA Calmar Ratio Rank: 54
GMMA Martin Ratio Rank: 51

XXX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

GMMA vs. XXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GammaRoad Market Navigation ETF (GMMA) and CYBER HORNET S&P 500 and XRP 75/25 Strategy ETF (XXX). 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.

	GMMA	XXX	Difference
Sharpe ratio: Return per unit of total volatility	1.38	—	—
Sortino ratio: Return per unit of downside risk	1.92	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.45	—	—
Martin ratio: Return relative to average drawdown	8.01	—	—

Drawdowns

GMMA vs. XXX - Drawdown Comparison

The maximum GMMA drawdown since its inception was -5.21%, smaller than the maximum XXX drawdown of -13.06%. Use the drawdown chart below to compare losses from any high point for GMMA and XXX.

Drawdown Indicators

	GMMA	XXX	Difference
Max Drawdown Largest peak-to-trough decline	-5.21%	-13.06%	+7.85%
Max Drawdown (1Y) Largest decline over 1 year	-3.39%	—	—
Current Drawdown Current decline from peak	-1.98%	-8.26%	+6.28%
Average Drawdown Average peak-to-trough decline	-1.24%	-5.53%	+4.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.04%	—	—

Volatility

Volatility by Period

	GMMA	XXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.12%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.05%	24.37%	-18.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.34%	24.37%	-17.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.34%	24.37%	-17.03%

GMMA vs. XXX - Expense Ratio Comparison

GMMA has a 0.75% expense ratio, which is lower than XXX's 0.95% expense ratio.

Dividends

GMMA vs. XXX - Dividend Comparison

GMMA's dividend yield for the trailing twelve months is around 3.70%, more than XXX's 0.06% yield.

Position	TTM	2025	2024
GMMA GammaRoad Market Navigation ETF	3.70%	3.00%	0.57%
XXX CYBER HORNET S&P 500 and XRP 75/25 Strategy ETF	0.06%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GMMA and XXX in my portfolio?

GMMA and XXX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GMMA or XXX?

On fees, GMMA is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GMMA or XXX?

GMMA is cheaper with a 0.75% expense ratio, compared with 0.95% for XXX.

Which ETF pays a higher dividend yield, GMMA or XXX?

GMMA has the higher dividend yield at 3.70%, compared with 0.06% for XXX.

What is the main difference between GMMA and XXX?

GMMA tracks MarketVector GammaRoad U.S. Equity Strategy Index, while XXX tracks 75% S&P 500 - 25% S&P XRP Reference Price Index - Benchmark TR Gross. They also come from different issuers: GammaRoad Capital Partners and Cyber Hornet. Their fees differ too: 0.75% for GMMA and 0.95% for XXX.