NDOW vs. MAPP

Last updated Jun 23, 2026

NDOW (Anydrus Advantage ETF) and MAPP (Harbor Multi-Asset Explorer ETF) are both Global Allocation funds. Both are actively managed. Over the past year, NDOW returned 17.94% vs 20.98% for MAPP. Their correlation of 0.90 suggests significant overlap in exposure. NDOW charges 2.15%/yr vs 0.92%/yr for MAPP.

Performance

NDOW vs. MAPP - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with NDOW having a 7.15% return and MAPP slightly lower at 7.14%.

NDOW

• 1D: 0.21%
• 1M: 0.42%
• YTD: 7.15%
• 6M: 7.04%
• 1Y: 17.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAPP

• 1D: -0.02%
• 1M: 0.91%
• YTD: 7.14%
• 6M: 6.86%
• 1Y: 20.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NDOW vs. MAPP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NDOW Anydrus Advantage ETF	7.15%	14.80%	-1.85%
MAPP Harbor Multi-Asset Explorer ETF	7.14%	18.67%	6.61%

Correlation

The correlation between NDOW and MAPP is 0.91, 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	0.91
Correlation (All Time) Calculated using the full available price history since May 14, 2024	0.90

The correlation between NDOW and MAPP has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

Return for Risk

NDOW vs. MAPP — Risk / Return Rank

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

NDOW

NDOW Risk / Return Rank: 56
NDOW Sharpe Ratio Rank: 57
NDOW Sortino Ratio Rank: 54
NDOW Omega Ratio Rank: 59
NDOW Calmar Ratio Rank: 53
NDOW Martin Ratio Rank: 59

MAPP

MAPP Risk / Return Rank: 70
MAPP Sharpe Ratio Rank: 69
MAPP Sortino Ratio Rank: 69
MAPP Omega Ratio Rank: 70
MAPP Calmar Ratio Rank: 70
MAPP Martin Ratio Rank: 72

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.

NDOW vs. MAPP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Anydrus Advantage ETF (NDOW) and Harbor Multi-Asset Explorer ETF (MAPP). 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.

	NDOW	MAPP	Difference
Sharpe ratio: Return per unit of total volatility	1.88	2.17	-0.29
Sortino ratio: Return per unit of downside risk	2.53	3.01	-0.47
Omega ratio: Gain probability vs. loss probability	1.35	1.40	-0.05
Calmar ratio: Return relative to maximum drawdown	2.51	3.41	-0.90
Martin ratio: Return relative to average drawdown	10.02	12.97	-2.95

NDOW vs. MAPP - Sharpe Ratio Comparison

The current NDOW Sharpe Ratio is 1.88, which is comparable to the MAPP Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of NDOW and MAPP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NDOW vs. MAPP - Drawdown Comparison

The maximum NDOW drawdown since its inception was -8.76%, smaller than the maximum MAPP drawdown of -12.92%. Use the drawdown chart below to compare losses from any high point for NDOW and MAPP.

Drawdown Indicators

	NDOW	MAPP	Difference
Max Drawdown Largest peak-to-trough decline	-8.76%	-12.92%	+4.16%
Max Drawdown (1Y) Largest decline over 1 year	-7.17%	-6.17%	-1.00%
Current Drawdown Current decline from peak	-1.68%	-0.76%	-0.92%
Average Drawdown Average peak-to-trough decline	-1.41%	-1.39%	-0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	1.62%	+0.18%

Volatility

NDOW vs. MAPP - Volatility Comparison

Anydrus Advantage ETF (NDOW) and Harbor Multi-Asset Explorer ETF (MAPP) have volatilities of 4.37% and 4.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NDOW	MAPP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.37%	4.29%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	8.30%	8.05%	+0.25%
Volatility (1Y) Calculated over the trailing 1-year period	9.61%	9.74%	-0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.10%	10.92%	-1.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.10%	10.92%	-1.82%

NDOW vs. MAPP - Expense Ratio Comparison

NDOW has a 2.15% expense ratio, which is higher than MAPP's 0.92% expense ratio.

Dividends

NDOW vs. MAPP - Dividend Comparison

NDOW's dividend yield for the trailing twelve months is around 1.16%, less than MAPP's 2.76% yield.

Position	TTM	2025	2024	2023
MAPP Harbor Multi-Asset Explorer ETF	2.76%	2.96%	2.41%	2.78%
NDOW Anydrus Advantage ETF	1.16%	1.24%	1.39%	0.00%

Frequently Asked Questions

Can I hold both NDOW and MAPP in my portfolio?

With a correlation of 0.91, NDOW and MAPP 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 is riskier, NDOW or MAPP?

NDOW has higher volatility (4.37%) compared to MAPP (4.29%). In terms of maximum drawdown, NDOW dropped -8.76% vs MAPP's -12.92%.

Which ETF is better, NDOW or MAPP?

On 1-year performance, MAPP leads with 20.98% vs 17.94% for NDOW. On fees, MAPP is cheaper at 0.92% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NDOW or MAPP?

Over the 1-year period, MAPP has performed better with a 20.98% return vs 17.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NDOW or MAPP?

MAPP is cheaper with a 0.92% expense ratio, compared with 2.15% for NDOW.

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

MAPP has the higher dividend yield at 2.76%, compared with 1.16% for NDOW.

What is the main difference between NDOW and MAPP?

They also come from different issuers: Anydrus Capital and Harbor. Their fees differ too: 2.15% for NDOW and 0.92% for MAPP.

Which has better risk-adjusted returns?

MAPP currently has the higher Sharpe Ratio (2.17 vs 1.88), 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.