NDAA vs. THRV

Last updated Aug 2, 2026

NDAA (Ned Davis Research 360 Dynamic Allocation ETF) and THRV (Prospera Income ETF) are both Diversified Portfolio funds. Both are actively managed. Their 0.61 correlation means they have sometimes moved together and sometimes differently. NDAA charges 0.65%/yr vs 1.80%/yr for THRV.

Performance

NDAA vs. THRV - Performance Comparison

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

Returns By Period

In the year-to-date period, NDAA achieves a 9.47% return, which is significantly higher than THRV's 2.02% return.

NDAA

• 1D: 0.36%
• 1M: 0.56%
• 6M: 5.85%
• YTD: 9.47%
• 1Y: 20.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.27%

THRV

• 1D: 0.12%
• 1M: 0.00%
• 6M: 1.11%
• YTD: 2.02%
• 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)
NDAA Ned Davis Research 360 Dynamic Allocation ETF	$57.14K	$33.17K	$24.47K
THRV Prospera Income ETF	$158.10K	$111.61K	$97.25K

NDAA vs. THRV - Yearly Performance Comparison

	2026 (YTD)	2025
NDAA Ned Davis Research 360 Dynamic Allocation ETF	9.47%	3.27%
THRV Prospera Income ETF	2.02%	0.15%

Correlation

The correlation between NDAA and THRV is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025	0.61

Return for Risk

NDAA vs. THRV — Risk / Return Rank

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

NDAA

NDAA Risk / Return Rank: 73
NDAA Sharpe Ratio Rank: 74
NDAA Sortino Ratio Rank: 72
NDAA Omega Ratio Rank: 72
NDAA Calmar Ratio Rank: 73
NDAA Martin Ratio Rank: 77

THRV

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.

NDAA vs. THRV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ned Davis Research 360 Dynamic Allocation ETF (NDAA) and Prospera Income ETF (THRV). 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	THRV	Difference
Sharpe ratio: Return per unit of total volatility	1.69	—	—
Sortino ratio: Return per unit of downside risk	2.34	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	2.58	—	—
Martin ratio: Return relative to average drawdown	9.85	—	—

Drawdowns

NDAA vs. THRV - Drawdown Comparison

The maximum NDAA drawdown since its inception was -13.50%, which is greater than THRV's maximum drawdown of -1.50%. Use the drawdown chart below to compare losses from any high point for NDAA and THRV.

Drawdown Indicators

	NDAA	THRV	Difference
Max Drawdown Largest peak-to-trough decline	-13.50%	-1.50%	-12.00%
Max Drawdown (1Y) Largest decline over 1 year	-7.62%	—	—
Current Drawdown Current decline from peak	-1.94%	-0.39%	-1.55%
Average Drawdown Average peak-to-trough decline	-1.98%	-0.42%	-1.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	—	—

Volatility

Volatility by Period

	NDAA	THRV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.43%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.61%	2.88%	+8.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.10%	2.88%	+9.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.10%	2.88%	+9.22%

NDAA vs. THRV - Expense Ratio Comparison

NDAA has a 0.65% expense ratio, which is lower than THRV's 1.80% expense ratio.

Dividends

NDAA vs. THRV - Dividend Comparison

NDAA's dividend yield for the trailing twelve months is around 2.47%, less than THRV's 6.09% yield.

Position	TTM	2025	2024
NDAA Ned Davis Research 360 Dynamic Allocation ETF	2.47%	2.71%	0.83%
THRV Prospera Income ETF	6.09%	1.67%	0.00%

Frequently Asked Questions

Can I hold both NDAA and THRV in my portfolio?

NDAA and THRV have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NDAA or THRV?

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 THRV?

NDAA is cheaper with a 0.65% expense ratio, compared with 1.80% for THRV.

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

THRV has the higher dividend yield at 6.09%, compared with 2.47% for NDAA.

What is the main difference between NDAA and THRV?

They also come from different issuers: Ned Davis Research and Prospera. Their fees differ too: 0.65% for NDAA and 1.80% for THRV.