NDAA vs. EAOM
NDAA (Ned Davis Research 360 Dynamic Allocation ETF) and EAOM (iShares ESG Aware Moderate Allocation ETF) are both Diversified Portfolio funds. NDAA is actively managed, while EAOM is passively managed. Over the past year, NDAA returned 24.70% vs 14.32% for EAOM. Their correlation of 0.91 suggests significant overlap in exposure. NDAA charges 0.65%/yr vs 0.18%/yr for EAOM.
Performance
NDAA vs. EAOM - Performance Comparison
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Returns By Period
In the year-to-date period, NDAA achieves a 9.85% return, which is significantly higher than EAOM's 5.21% return.
NDAA
- 1D
- -0.34%
- 1M
- -0.04%
- YTD
- 9.85%
- 6M
- 9.96%
- 1Y
- 24.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EAOM
- 1D
- -0.21%
- 1M
- 1.18%
- YTD
- 5.21%
- 6M
- 5.17%
- 1Y
- 14.32%
- 3Y*
- 10.39%
- 5Y*
- 4.30%
- 10Y*
- —
NDAA vs. EAOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NDAA Ned Davis Research 360 Dynamic Allocation ETF | 9.85% | 14.00% | -1.48% |
EAOM iShares ESG Aware Moderate Allocation ETF | 5.21% | 12.90% | -1.79% |
Correlation
The correlation between NDAA and EAOM is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2024 | 0.91 |
The correlation between NDAA and EAOM has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.
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Return for Risk
NDAA vs. EAOM — Risk / Return Rank
NDAA
EAOM
NDAA vs. EAOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ned Davis Research 360 Dynamic Allocation ETF (NDAA) and iShares ESG Aware Moderate Allocation ETF (EAOM). 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.
| NDAA | EAOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.40 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | 2.78 | +0.48 |
| Martin ratioReturn relative to average drawdown | 13.44 | 12.02 | +1.43 |
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Drawdowns
NDAA vs. EAOM - Drawdown Comparison
The maximum NDAA drawdown since its inception was -13.50%, smaller than the maximum EAOM drawdown of -20.73%. Use the drawdown chart below to compare losses from any high point for NDAA and EAOM.
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Drawdown Indicators
| NDAA | EAOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.50% | -20.73% | +7.23% |
Max Drawdown (1Y)Largest decline over 1 year | -7.62% | -5.17% | -2.45% |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.63% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.73% | — |
Current DrawdownCurrent decline from peak | -1.60% | -0.32% | -1.28% |
Average DrawdownAverage peak-to-trough decline | -1.95% | -4.93% | +2.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 1.19% | +0.65% |
Volatility
NDAA vs. EAOM - Volatility Comparison
Ned Davis Research 360 Dynamic Allocation ETF (NDAA) has a higher volatility of 4.22% compared to iShares ESG Aware Moderate Allocation ETF (EAOM) at 2.66%. This indicates that NDAA's price experiences larger fluctuations and is considered to be riskier than EAOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NDAA | EAOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 2.66% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 9.07% | 5.69% | +3.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.26% | 6.81% | +4.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.15% | 8.13% | +4.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.15% | 7.94% | +4.21% |
NDAA vs. EAOM - Expense Ratio Comparison
NDAA has a 0.65% expense ratio, which is higher than EAOM's 0.18% expense ratio.
Dividends
NDAA vs. EAOM - Dividend Comparison
NDAA's dividend yield for the trailing twelve months is around 2.46%, less than EAOM's 2.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EAOM iShares ESG Aware Moderate Allocation ETF | 2.78% | 2.89% | 2.89% | 2.70% | 1.93% | 1.32% | 1.02% |
NDAA Ned Davis Research 360 Dynamic Allocation ETF | 2.46% | 2.71% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, NDAA and EAOM 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.
NDAA has higher volatility (4.22%) compared to EAOM (2.66%). In terms of maximum drawdown, NDAA dropped -13.50% vs EAOM's -20.73%.
On 1-year performance, NDAA leads with 24.70% vs 14.32% for EAOM. On fees, EAOM is cheaper at 0.18% per year. On volatility, EAOM has been the lower-risk option at 2.66%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NDAA has performed better with a 24.70% return vs 14.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EAOM is cheaper with a 0.18% expense ratio, compared with 0.65% for NDAA.
EAOM has the higher dividend yield at 2.78%, compared with 2.46% for NDAA.
They also come from different issuers: Ned Davis Research and iShares. Their fees differ too: 0.65% for NDAA and 0.18% for EAOM.
NDAA currently has the higher Sharpe Ratio (2.21 vs 2.12), 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.
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