GTND vs. GMMA

Last updated Jul 28, 2026

GTND (Goaltender ETF) and GMMA (GammaRoad Market Navigation ETF) are both Tactical Allocation funds. GTND is actively managed, while GMMA is passively managed. Their 0.96 correlation means they have historically moved very closely together. GTND charges 0.46%/yr vs 0.75%/yr for GMMA.

Performance

GTND vs. GMMA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goaltender ETF (GTND) and GammaRoad Market Navigation ETF (GMMA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GTND

• 1D: 0.07%
• 1M: -1.01%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

GMMA

• 1D: 0.05%
• 1M: 0.66%
• 6M: 1.45%
• YTD: 2.47%
• 1Y: 6.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.24%

*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)
GMMA GammaRoad Market Navigation ETF	$2.60K	$3.70K	$4.61K
GTND Goaltender ETF	$23.11K	$23.18K	$210.02K

GTND vs. GMMA - Yearly Performance Comparison

	2026 (YTD)
GTND Goaltender ETF	-2.22%
GMMA GammaRoad Market Navigation ETF	-0.04%

Correlation

The correlation between GTND and GMMA is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 14, 2026	0.96

Return for Risk

GTND vs. GMMA — Risk / Return Rank

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

GTND

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

GMMA

GMMA Risk / Return Rank: 43
GMMA Sharpe Ratio Rank: 39
GMMA Sortino Ratio Rank: 36
GMMA Omega Ratio Rank: 39
GMMA Calmar Ratio Rank: 51
GMMA Martin Ratio Rank: 49

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.

GTND vs. GMMA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goaltender ETF (GTND) and GammaRoad Market Navigation ETF (GMMA). 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.

	GTND	GMMA	Difference
Sharpe ratio: Return per unit of total volatility	—	0.98	—
Sortino ratio: Return per unit of downside risk	—	1.38	—
Omega ratio: Gain probability vs. loss probability	—	1.19	—
Calmar ratio: Return relative to maximum drawdown	—	1.82	—
Martin ratio: Return relative to average drawdown	—	5.60	—

Drawdowns

GTND vs. GMMA - Drawdown Comparison

The maximum GTND drawdown since its inception was -5.38%, roughly equal to the maximum GMMA drawdown of -5.21%. Use the drawdown chart below to compare losses from any high point for GTND and GMMA.

Drawdown Indicators

	GTND	GMMA	Difference
Max Drawdown Largest peak-to-trough decline	-5.38%	-5.21%	-0.17%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.39%	—
Current Drawdown Current decline from peak	-4.91%	-1.51%	-3.40%
Average Drawdown Average peak-to-trough decline	-2.18%	-1.23%	-0.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.10%	—

Volatility

Volatility by Period

	GTND	GMMA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.13%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.43%	6.30%	+11.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.43%	7.32%	+10.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.43%	7.32%	+10.11%

GTND vs. GMMA - Expense Ratio Comparison

GTND has a 0.46% expense ratio, which is lower than GMMA's 0.75% expense ratio.

Dividends

GTND vs. GMMA - Dividend Comparison

GTND's dividend yield for the trailing twelve months is around 0.16%, less than GMMA's 3.48% yield.

Position	TTM	2025	2024
GMMA GammaRoad Market Navigation ETF	3.48%	3.00%	0.57%
GTND Goaltender ETF	0.16%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GTND and GMMA in my portfolio?

With a correlation of 0.96, GTND and GMMA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, GTND or GMMA?

On fees, GTND is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GTND or GMMA?

GTND is cheaper with a 0.46% expense ratio, compared with 0.75% for GMMA.

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

GMMA has the higher dividend yield at 3.48%, compared with 0.16% for GTND.

What is the main difference between GTND and GMMA?

They also come from different issuers: Ritholtz Wealth Management and GammaRoad Capital Partners. Their fees differ too: 0.46% for GTND and 0.75% for GMMA.