GMOD vs. NDAA

Last updated Aug 6, 2026

GMOD (GMO Dynamic Allocation ETF) and NDAA (Ned Davis Research 360 Dynamic Allocation ETF) are both exchange-traded funds - GMOD is a Tactical Allocation fund actively managed by GMO, while NDAA is a Diversified Portfolio fund actively managed by Ned Davis Research. Both are actively managed. Their correlation of 0.87 means they have usually moved in the same direction. GMOD charges 0.50%/yr vs 0.65%/yr for NDAA.

Performance

GMOD vs. NDAA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO Dynamic Allocation ETF (GMOD) and Ned Davis Research 360 Dynamic Allocation ETF (NDAA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GMOD achieves a 9.44% return, which is significantly lower than NDAA's 11.77% return.

GMOD

• 1D: 0.03%
• 1M: 1.25%
• 6M: 5.21%
• YTD: 9.44%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

NDAA

• 1D: -0.03%
• 1M: 1.56%
• 6M: 8.60%
• YTD: 11.77%
• 1Y: 22.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.48%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GMOD GMO Dynamic Allocation ETF	$201.53K	$269.48K	$288.39K
NDAA Ned Davis Research 360 Dynamic Allocation ETF	$66.50K	$36.78K	$26.36K

GMOD vs. NDAA - Yearly Performance Comparison

	2026 (YTD)	2025
GMOD GMO Dynamic Allocation ETF	9.44%	4.35%
NDAA Ned Davis Research 360 Dynamic Allocation ETF	11.77%	3.11%

Correlation

The correlation between GMOD and NDAA is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025	0.87

Return for Risk

GMOD vs. NDAA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GMOD

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

NDAA

NDAA Risk / Return Rank: 73
NDAA Sharpe Ratio Rank: 74
NDAA Sortino Ratio Rank: 71
NDAA Omega Ratio Rank: 73
NDAA Calmar Ratio Rank: 73
NDAA Martin Ratio Rank: 77

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GMOD vs. NDAA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO Dynamic Allocation ETF (GMOD) and Ned Davis Research 360 Dynamic Allocation ETF (NDAA). 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.

	GMOD	NDAA	Difference
Sharpe ratio: Return per unit of total volatility	—	1.91	—
Sortino ratio: Return per unit of downside risk	—	2.62	—
Omega ratio: Gain probability vs. loss probability	—	1.34	—
Calmar ratio: Return relative to maximum drawdown	—	2.90	—
Martin ratio: Return relative to average drawdown	—	11.09	—

Drawdowns

GMOD vs. NDAA - Drawdown Comparison

The maximum GMOD drawdown since its inception was -6.50%, smaller than the maximum NDAA drawdown of -13.50%. Use the drawdown chart below to compare losses from any high point for GMOD and NDAA.

Drawdown Indicators

	GMOD	NDAA	Difference
Max Drawdown Largest peak-to-trough decline	-6.50%	-13.50%	+7.00%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.62%	—
Current Drawdown Current decline from peak	0.00%	-0.03%	+0.03%
Average Drawdown Average peak-to-trough decline	-1.05%	-1.97%	+0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.99%	—

Volatility

Volatility by Period

	GMOD	NDAA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.47%	—
Volatility (1Y) Calculated over the trailing 1-year period	8.75%	11.60%	-2.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.75%	12.11%	-3.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.75%	12.11%	-3.36%

GMOD vs. NDAA - Expense Ratio Comparison

GMOD has a 0.50% expense ratio, which is lower than NDAA's 0.65% expense ratio.

Dividends

GMOD vs. NDAA - Dividend Comparison

GMOD's dividend yield for the trailing twelve months is around 1.34%, less than NDAA's 2.42% yield.

Position	TTM	2025	2024
GMOD GMO Dynamic Allocation ETF	1.34%	0.93%	0.00%
NDAA Ned Davis Research 360 Dynamic Allocation ETF	2.42%	2.71%	0.83%

Frequently Asked Questions

Can I hold both GMOD and NDAA in my portfolio?

GMOD and NDAA have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GMOD or NDAA?

On fees, GMOD is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GMOD or NDAA?

GMOD is cheaper with a 0.50% expense ratio, compared with 0.65% for NDAA.

Which ETF pays a higher dividend yield, GMOD or NDAA?

NDAA has the higher dividend yield at 2.42%, compared with 1.34% for GMOD.

What is the main difference between GMOD and NDAA?

GMOD is categorized as Tactical Allocation, while NDAA is Diversified Portfolio. They also come from different issuers: GMO and Ned Davis Research. Their fees differ too: 0.50% for GMOD and 0.65% for NDAA.