NDAA vs. MDAA

Last updated Jun 23, 2026

NDAA (Ned Davis Research 360 Dynamic Allocation ETF) and MDAA (Myriad Dynamic Asset Allocation ETF) are both Diversified Portfolio funds. Both are actively managed. Their correlation of 0.94 suggests significant overlap in exposure. NDAA charges 0.65%/yr vs 0.97%/yr for MDAA.

Performance

NDAA vs. MDAA - Performance Comparison

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

Returns By Period

In the year-to-date period, NDAA achieves a 9.85% return, which is significantly lower than MDAA's 20.16% return.

NDAA

• 1D: -0.34%
• 1M: -0.04%
• YTD: 9.85%
• 6M: 9.96%
• 1Y: 24.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MDAA

• 1D: -0.27%
• 1M: 3.45%
• YTD: 20.16%
• 6M: 20.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NDAA vs. MDAA - Yearly Performance Comparison

	2026 (YTD)	2025
NDAA Ned Davis Research 360 Dynamic Allocation ETF	9.85%	2.23%
MDAA Myriad Dynamic Asset Allocation ETF	20.16%	-0.25%

Correlation

The correlation between NDAA and MDAA is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 3, 2025	0.94

Return for Risk

NDAA vs. MDAA — Risk / Return Rank

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

NDAA

NDAA Risk / Return Rank: 70
NDAA Sharpe Ratio Rank: 71
NDAA Sortino Ratio Rank: 68
NDAA Omega Ratio Rank: 71
NDAA Calmar Ratio Rank: 67
NDAA Martin Ratio Rank: 74

MDAA

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

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.

NDAA vs. MDAA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ned Davis Research 360 Dynamic Allocation ETF (NDAA) and Myriad Dynamic Asset Allocation ETF (MDAA). 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	MDAA	Difference
Sharpe ratio: Return per unit of total volatility	2.21	—	—
Sortino ratio: Return per unit of downside risk	3.00	—	—
Omega ratio: Gain probability vs. loss probability	1.40	—	—
Calmar ratio: Return relative to maximum drawdown	3.26	—	—
Martin ratio: Return relative to average drawdown	13.44	—	—

Drawdowns

NDAA vs. MDAA - Drawdown Comparison

The maximum NDAA drawdown since its inception was -13.50%, smaller than the maximum MDAA drawdown of -14.59%. Use the drawdown chart below to compare losses from any high point for NDAA and MDAA.

Drawdown Indicators

	NDAA	MDAA	Difference
Max Drawdown Largest peak-to-trough decline	-13.50%	-14.59%	+1.09%
Max Drawdown (1Y) Largest decline over 1 year	-7.62%	—	—
Current Drawdown Current decline from peak	-1.60%	-2.71%	+1.11%
Average Drawdown Average peak-to-trough decline	-1.95%	-3.03%	+1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	—	—

Volatility

Volatility by Period

	NDAA	MDAA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.22%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.07%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.26%	24.98%	-13.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.15%	24.98%	-12.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.15%	24.98%	-12.83%

NDAA vs. MDAA - Expense Ratio Comparison

NDAA has a 0.65% expense ratio, which is lower than MDAA's 0.97% expense ratio.

Dividends

NDAA vs. MDAA - Dividend Comparison

NDAA's dividend yield for the trailing twelve months is around 2.46%, more than MDAA's 0.38% yield.

Position	TTM	2025	2024
MDAA Myriad Dynamic Asset Allocation ETF	0.38%	0.46%	0.00%
NDAA Ned Davis Research 360 Dynamic Allocation ETF	2.46%	2.71%	0.83%

Frequently Asked Questions

Can I hold both NDAA and MDAA in my portfolio?

With a correlation of 0.94, NDAA and MDAA 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, NDAA or MDAA?

On fees, NDAA is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NDAA or MDAA?

NDAA is cheaper with a 0.65% expense ratio, compared with 0.97% for MDAA.

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

NDAA has the higher dividend yield at 2.46%, compared with 0.38% for MDAA.

What is the main difference between NDAA and MDAA?

They also come from different issuers: Ned Davis Research and Myriad. Their fees differ too: 0.65% for NDAA and 0.97% for MDAA.