MOTO vs. GDMA

Last updated Jun 4, 2026

MOTO (SmartETFs Smart Transportation & Technology ETF) and GDMA (Gadsden Dynamic Multi-Asset ETF) are both exchange-traded funds - MOTO is a Transportation Equities fund actively managed by Guinness Atkinson Asset Management, while GDMA is a Hedge Fund fund actively managed by Gadsden. Both are actively managed. Over the past 5 years, MOTO returned 10.48%/yr vs 7.66%/yr for GDMA. At a 0.45 correlation, their price movements are largely independent. MOTO charges 0.68%/yr vs 0.77%/yr for GDMA.

Performance

MOTO vs. GDMA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SmartETFs Smart Transportation & Technology ETF (MOTO) and Gadsden Dynamic Multi-Asset ETF (GDMA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MOTO achieves a 31.51% return, which is significantly higher than GDMA's 11.18% return.

MOTO

• 1D: 0.12%
• 1M: 8.20%
• YTD: 31.51%
• 6M: 31.39%
• 1Y: 58.32%
• 3Y*: 21.21%
• 5Y*: 10.48%
• 10Y*: —

GDMA

• 1D: 0.30%
• 1M: 1.83%
• YTD: 11.18%
• 6M: 14.08%
• 1Y: 32.26%
• 3Y*: 16.91%
• 5Y*: 7.66%
• 10Y*: —

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

MOTO vs. GDMA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MOTO SmartETFs Smart Transportation & Technology ETF	31.51%	27.38%	2.01%	27.10%	-27.20%	17.22%	59.13%	4.91%
GDMA Gadsden Dynamic Multi-Asset ETF	11.18%	25.29%	7.44%	1.72%	-2.08%	3.95%	21.08%	1.61%

Correlation

The correlation between MOTO and GDMA is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (All Time) Calculated using the full available price history since Nov 18, 2019	0.45

Over the past year, MOTO and GDMA have become more correlated (0.66) than their long-term average of 0.45, meaning their price movements have been converging.

MOTO vs. GDMA - Sectors Allocation Comparison

Sectors	MOTO	GDMA
Technology	45.6%	23.4%
Consumer Cyclical	23.5%	8.8%
Industrials	12.8%	14.4%
Communication Services	4.4%	7.0%
Basic Materials	3.8%	9.0%
Consumer Defensive	2.3%	3.5%
Financial Services	1.0%	14.5%
Utilities	0.7%	2.4%
Energy	-	10.0%
Healthcare	-	5.5%
Real Estate	-	1.6%

Return for Risk

MOTO vs. GDMA — Risk / Return Rank

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

MOTO

MOTO Risk / Return Rank: 81
MOTO Sharpe Ratio Rank: 84
MOTO Sortino Ratio Rank: 80
MOTO Omega Ratio Rank: 77
MOTO Calmar Ratio Rank: 83
MOTO Martin Ratio Rank: 80

GDMA

GDMA Risk / Return Rank: 74
GDMA Sharpe Ratio Rank: 75
GDMA Sortino Ratio Rank: 70
GDMA Omega Ratio Rank: 77
GDMA Calmar Ratio Rank: 82
GDMA Martin Ratio Rank: 65

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.

MOTO vs. GDMA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SmartETFs Smart Transportation & Technology ETF (MOTO) and Gadsden Dynamic Multi-Asset ETF (GDMA). 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.

	MOTO	GDMA	Difference
Sharpe ratio: Return per unit of total volatility	2.77	2.47	+0.30
Sortino ratio: Return per unit of downside risk	3.60	3.21	+0.39
Omega ratio: Gain probability vs. loss probability	1.46	1.47	0.00
Calmar ratio: Return relative to maximum drawdown	4.39	4.30	+0.09
Martin ratio: Return relative to average drawdown	15.67	11.92	+3.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MOTO vs. GDMA - Sharpe Ratio Comparison

The current MOTO Sharpe Ratio is 2.77, which is comparable to the GDMA Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of MOTO and GDMA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MOTO	GDMA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.77	2.47	+0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.80	-0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.89	-0.17

Drawdowns

MOTO vs. GDMA - Drawdown Comparison

The maximum MOTO drawdown since its inception was -38.24%, which is greater than GDMA's maximum drawdown of -16.66%. Use the drawdown chart below to compare losses from any high point for MOTO and GDMA.

Drawdown Indicators

	MOTO	GDMA	Difference
Max Drawdown Largest peak-to-trough decline	-38.24%	-16.66%	-21.58%
Max Drawdown (1Y) Largest decline over 1 year	-13.36%	-7.53%	-5.83%
Max Drawdown (3Y) Largest decline over 3 years	-26.43%	-7.53%	-18.90%
Max Drawdown (5Y) Largest decline over 5 years	-37.34%	-12.74%	-24.60%
Current Drawdown Current decline from peak	0.00%	-1.06%	+1.06%
Average Drawdown Average peak-to-trough decline	-9.97%	-3.78%	-6.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.73%	2.71%	+1.02%

Volatility

MOTO vs. GDMA - Volatility Comparison

SmartETFs Smart Transportation & Technology ETF (MOTO) has a higher volatility of 7.63% compared to Gadsden Dynamic Multi-Asset ETF (GDMA) at 6.18%. This indicates that MOTO's price experiences larger fluctuations and is considered to be riskier than GDMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MOTO	GDMA	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.63%	6.18%	+1.45%
Volatility (6M) Calculated over the trailing 6-month period	16.74%	10.03%	+6.71%
Volatility (1Y) Calculated over the trailing 1-year period	21.18%	13.12%	+8.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.62%	9.67%	+13.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.30%	10.97%	+15.33%

MOTO vs. GDMA - Expense Ratio Comparison

MOTO has a 0.68% expense ratio, which is lower than GDMA's 0.77% expense ratio.

Dividends

MOTO vs. GDMA - Dividend Comparison

MOTO's dividend yield for the trailing twelve months is around 0.80%, less than GDMA's 2.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
GDMA Gadsden Dynamic Multi-Asset ETF	2.51%	2.79%	2.32%	4.14%	1.18%	2.10%	0.62%	3.17%
MOTO SmartETFs Smart Transportation & Technology ETF	0.80%	1.06%	1.07%	2.73%	2.33%	0.55%	2.71%	0.00%

Frequently Asked Questions

Can I hold both MOTO and GDMA in my portfolio?

MOTO and GDMA have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MOTO or GDMA?

MOTO has higher volatility (7.63%) compared to GDMA (6.18%). In terms of maximum drawdown, MOTO dropped -38.24% vs GDMA's -16.66%.

Which ETF is better, MOTO or GDMA?

On 5-year performance, MOTO leads with 10.48% vs 7.66% for GDMA. On fees, MOTO is cheaper at 0.68% per year. On volatility, GDMA has been the lower-risk option at 6.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MOTO or GDMA?

Over the 5-year period, MOTO has performed better with a 10.48% return vs 7.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MOTO or GDMA?

MOTO is cheaper with a 0.68% expense ratio, compared with 0.77% for GDMA.

Which ETF pays a higher dividend yield, MOTO or GDMA?

GDMA has the higher dividend yield at 2.51%, compared with 0.80% for MOTO.

What is the main difference between MOTO and GDMA?

MOTO is categorized as Transportation Equities, while GDMA is Hedge Fund. They also come from different issuers: Guinness Atkinson Asset Management and Gadsden. Their fees differ too: 0.68% for MOTO and 0.77% for GDMA.

Which has better risk-adjusted returns?

MOTO currently has the higher Sharpe Ratio (2.77 vs 2.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.