ZECP vs. GDMA

Last updated Jun 4, 2026

ZECP (Zacks Earnings Consistent Portfolio ETF) and GDMA (Gadsden Dynamic Multi-Asset ETF) are both exchange-traded funds - ZECP is a Large Cap Blend Equities fund actively managed by Zacks, while GDMA is a Hedge Fund fund actively managed by Gadsden. Both are actively managed. Over the past 3 years, ZECP returned 15.85%/yr vs 16.91%/yr for GDMA. At a 0.26 correlation, their price movements are largely independent. ZECP charges 0.55%/yr vs 0.77%/yr for GDMA.

Performance

ZECP vs. GDMA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Zacks Earnings Consistent Portfolio ETF (ZECP) 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, ZECP achieves a 6.36% return, which is significantly lower than GDMA's 11.18% return.

ZECP

• 1D: -0.48%
• 1M: 2.51%
• YTD: 6.36%
• 6M: 5.67%
• 1Y: 20.73%
• 3Y*: 15.85%
• 5Y*: —
• 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)

ZECP vs. GDMA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ZECP Zacks Earnings Consistent Portfolio ETF	6.36%	15.03%	17.32%	13.88%	-13.41%	7.75%
GDMA Gadsden Dynamic Multi-Asset ETF	11.18%	25.29%	7.44%	1.72%	-2.08%	2.03%

Correlation

The correlation between ZECP and GDMA is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (All Time) Calculated using the full available price history since Aug 25, 2021	0.26

The correlation between ZECP and GDMA shifts across timeframes, from 0.26 (all time) to 0.50 (3 years), reflecting how their relationship changes across market environments.

ZECP vs. GDMA - Sectors Allocation Comparison

Sectors	ZECP	GDMA
Technology	25.3%	23.4%
Financial Services	16.1%	14.5%
Industrials	14.8%	14.4%
Healthcare	13.3%	5.5%
Communication Services	10.7%	7.0%
Consumer Defensive	8.3%	3.5%
Consumer Cyclical	5.9%	8.8%
Utilities	3.9%	2.4%
Energy	1.0%	10.0%
Real Estate	0.7%	1.6%
Basic Materials	-	9.0%

Return for Risk

ZECP vs. GDMA — Risk / Return Rank

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

ZECP

ZECP Risk / Return Rank: 59
ZECP Sharpe Ratio Rank: 59
ZECP Sortino Ratio Rank: 63
ZECP Omega Ratio Rank: 56
ZECP Calmar Ratio Rank: 51
ZECP Martin Ratio Rank: 64

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.

ZECP vs. GDMA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Zacks Earnings Consistent Portfolio ETF (ZECP) 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.

	ZECP	GDMA	Difference
Sharpe ratio: Return per unit of total volatility	1.98	2.47	-0.49
Sortino ratio: Return per unit of downside risk	2.94	3.21	-0.27
Omega ratio: Gain probability vs. loss probability	1.35	1.47	-0.12
Calmar ratio: Return relative to maximum drawdown	2.50	4.30	-1.80
Martin ratio: Return relative to average drawdown	11.46	11.92	-0.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZECP vs. GDMA - Sharpe Ratio Comparison

The current ZECP Sharpe Ratio is 1.98, which is comparable to the GDMA Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of ZECP 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

	ZECP	GDMA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	2.47	-0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.89	-0.25

Drawdowns

ZECP vs. GDMA - Drawdown Comparison

The maximum ZECP drawdown since its inception was -21.86%, which is greater than GDMA's maximum drawdown of -16.66%. Use the drawdown chart below to compare losses from any high point for ZECP and GDMA.

Drawdown Indicators

	ZECP	GDMA	Difference
Max Drawdown Largest peak-to-trough decline	-21.86%	-16.66%	-5.20%
Max Drawdown (1Y) Largest decline over 1 year	-8.32%	-7.53%	-0.79%
Max Drawdown (3Y) Largest decline over 3 years	-15.47%	-7.53%	-7.94%
Max Drawdown (5Y) Largest decline over 5 years	—	-12.74%	—
Current Drawdown Current decline from peak	-0.51%	-1.06%	+0.55%
Average Drawdown Average peak-to-trough decline	-5.51%	-3.78%	-1.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	2.71%	-0.90%

Volatility

ZECP vs. GDMA - Volatility Comparison

The current volatility for Zacks Earnings Consistent Portfolio ETF (ZECP) is 2.14%, while Gadsden Dynamic Multi-Asset ETF (GDMA) has a volatility of 6.18%. This indicates that ZECP experiences smaller price fluctuations and is considered to be less risky than GDMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZECP	GDMA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.14%	6.18%	-4.04%
Volatility (6M) Calculated over the trailing 6-month period	8.08%	10.03%	-1.95%
Volatility (1Y) Calculated over the trailing 1-year period	10.51%	13.12%	-2.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.65%	9.67%	+4.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.65%	10.97%	+3.68%

ZECP vs. GDMA - Expense Ratio Comparison

ZECP has a 0.55% expense ratio, which is lower than GDMA's 0.77% expense ratio.

Dividends

ZECP vs. GDMA - Dividend Comparison

ZECP's dividend yield for the trailing twelve months is around 0.74%, 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%
ZECP Zacks Earnings Consistent Portfolio ETF	0.74%	0.79%	0.63%	0.73%	0.91%	0.11%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ZECP and GDMA in my portfolio?

ZECP and GDMA have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ZECP or GDMA?

GDMA has higher volatility (6.18%) compared to ZECP (2.14%). In terms of maximum drawdown, ZECP dropped -21.86% vs GDMA's -16.66%.

Which ETF is better, ZECP or GDMA?

On 3-year performance, GDMA leads with 16.91% vs 15.85% for ZECP. On fees, ZECP is cheaper at 0.55% per year. On volatility, ZECP has been the lower-risk option at 2.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ZECP or GDMA?

Over the 3-year period, GDMA has performed better with a 16.91% return vs 15.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ZECP or GDMA?

ZECP is cheaper with a 0.55% expense ratio, compared with 0.77% for GDMA.

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

GDMA has the higher dividend yield at 2.51%, compared with 0.74% for ZECP.

What is the main difference between ZECP and GDMA?

ZECP is categorized as Large Cap Blend Equities, while GDMA is Hedge Fund. They also come from different issuers: Zacks and Gadsden. Their fees differ too: 0.55% for ZECP and 0.77% for GDMA.

Which has better risk-adjusted returns?

GDMA currently has the higher Sharpe Ratio (2.47 vs 1.98), 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.