MAPP vs. NMBL

Last updated Aug 2, 2026

MAPP (Harbor Multi-Asset Explorer ETF) and NMBL (NovaTide Flexible Allocation ETF) are both Global Allocation funds. Both are actively managed. Their correlation of 0.89 means they have usually moved in the same direction. MAPP charges 0.92%/yr vs 1.99%/yr for NMBL.

Performance

MAPP vs. NMBL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Multi-Asset Explorer ETF (MAPP) and NovaTide Flexible Allocation ETF (NMBL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAPP achieves a 4.04% return, which is significantly higher than NMBL's 2.78% return.

MAPP

• 1D: 0.14%
• 1M: -1.27%
• 6M: 1.33%
• YTD: 4.04%
• 1Y: 14.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.25%

NMBL

• 1D: 0.03%
• 1M: -1.05%
• 6M: 0.54%
• YTD: 2.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
MAPP Harbor Multi-Asset Explorer ETF	$8.59K	$13.51K	$10.92K
NMBL NovaTide Flexible Allocation ETF	$29.75K	$28.39K	$73.37K

MAPP vs. NMBL - Yearly Performance Comparison

	2026 (YTD)	2025
MAPP Harbor Multi-Asset Explorer ETF	4.04%	1.34%
NMBL NovaTide Flexible Allocation ETF	2.78%	-0.27%

Correlation

The correlation between MAPP and NMBL is 0.89, 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 31, 2025	0.89

Return for Risk

MAPP vs. NMBL — Risk / Return Rank

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

MAPP

MAPP Risk / Return Rank: 57
MAPP Sharpe Ratio Rank: 55
MAPP Sortino Ratio Rank: 54
MAPP Omega Ratio Rank: 53
MAPP Calmar Ratio Rank: 64
MAPP Martin Ratio Rank: 61

NMBL

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

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.

MAPP vs. NMBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Multi-Asset Explorer ETF (MAPP) and NovaTide Flexible Allocation ETF (NMBL). 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.

	MAPP	NMBL	Difference
Sharpe ratio: Return per unit of total volatility	1.33	—	—
Sortino ratio: Return per unit of downside risk	1.89	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	2.26	—	—
Martin ratio: Return relative to average drawdown	7.33	—	—

Drawdowns

MAPP vs. NMBL - Drawdown Comparison

The maximum MAPP drawdown since its inception was -12.92%, which is greater than NMBL's maximum drawdown of -8.05%. Use the drawdown chart below to compare losses from any high point for MAPP and NMBL.

Drawdown Indicators

	MAPP	NMBL	Difference
Max Drawdown Largest peak-to-trough decline	-12.92%	-8.05%	-4.87%
Max Drawdown (1Y) Largest decline over 1 year	-6.17%	—	—
Current Drawdown Current decline from peak	-3.63%	-4.49%	+0.86%
Average Drawdown Average peak-to-trough decline	-1.45%	-2.33%	+0.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	—	—

Volatility

Volatility by Period

	MAPP	NMBL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.92%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.89%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.50%	13.10%	-2.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.04%	13.10%	-2.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.04%	13.10%	-2.06%

MAPP vs. NMBL - Expense Ratio Comparison

MAPP has a 0.92% expense ratio, which is lower than NMBL's 1.99% expense ratio.

Dividends

MAPP vs. NMBL - Dividend Comparison

MAPP's dividend yield for the trailing twelve months is around 2.85%, more than NMBL's 0.90% yield.

Position	TTM	2025	2024	2023
MAPP Harbor Multi-Asset Explorer ETF	2.85%	2.96%	2.41%	2.78%
NMBL NovaTide Flexible Allocation ETF	0.90%	0.93%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MAPP and NMBL in my portfolio?

MAPP and NMBL have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MAPP or NMBL?

On fees, MAPP is cheaper at 0.92% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MAPP or NMBL?

MAPP is cheaper with a 0.92% expense ratio, compared with 1.99% for NMBL.

Which ETF pays a higher dividend yield, MAPP or NMBL?

MAPP has the higher dividend yield at 2.85%, compared with 0.90% for NMBL.

What is the main difference between MAPP and NMBL?

They also come from different issuers: Harbor and Tidal. Their fees differ too: 0.92% for MAPP and 1.99% for NMBL.