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ETFs

Gadsden Dynamic Multi-Asset ETF

GDMA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 15 2018
Expense Ratio
0.91%
Type
Global Diversified
Fund Owner
Gadsden
Volume (1m avg. daily)
$397,931
AUM
$163,199,344
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

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EWH
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SGOL
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TZA
Direxion Shares ETF Trust - Direxion Daily Small Cap Bear 3X Shares
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DXJ
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SCHE
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Invest with GDMA

What is GDMA?

The Gadsden Dynamic Multi-Asset ETF (the Fund or the Multi-Asset Fund ) seeks total return. The Fund is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective by investing (i) approximately 80% of its total assets with exposure to a variety of asset classes, geographies, and market capitalizations generally based on a long-term view of macroeconomic factors (the strategic sleeve ) and (ii) approximately 20% of its total assets to add or reduce exposure to one or more asset classes generally based on a short-term view of the market (the tactical sleeve ). The Fund s investment adviser, Gadsden, LLC (the Adviser ), selects the asset classes to be included in the strategic and tactical sleeves, rather than individual securities or other instruments. For each asset class in which the Fund invests, the Fund s sub-adviser will determine whether the Fund will invest directly in securities or other instruments of such asset class or indirectly through one or more pooled vehicles (e.g., other ETFs) that primarily invest in such securities or other instruments. Consequently, the Fund s investments in other investment companies may range from 0% to 100% of the Fund s portfolio.

ETFs related toGDMA

ETFs correlated to GDMA include AAPD, AMZD, NVDS

GDMA
EA Series Trust - Gadsden Dynamic Multi-Asset ETF
AAPD
Direxion Shares ETF Trust - Direxion Daily AAPL Bear 1X Shares
AMZD
Direxion Shares ETF Trust - Direxion Daily AMZN Bear 1X Shares
NVDS
Investment Managers Series Trust II - AXS 1.25X NVDA Bear Daily ETF
NOPE
Tidal ETF Trust - Noble Absolute Return ETF
KMLM
KraneShares Trust - KFA Mount Lucas Managed Futures Index Strategy ETF
TSLQ
Investment Managers Series Trust II - AXS TSLA Bear Daily ETF
COM
Direxion Shares ETF Trust - Direxion Auspice Broad Commodity Strategy ETF
TSLS
Direxion Shares ETF Trust - Direxion Daily TSLA Bear 1X Shares
FMF
First Trust Exchange-Traded Fund V. - First Trust Managed Futures Strategy Fund
HDGE
Advisorshares Trust - Ranger Equity Bear -1x Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

GDMA is a Global Diversified ETF. The Gadsden Dynamic Multi-Asset ETF (the Fund or the Multi-Asset Fund ) seeks total return. The Fund is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective by investing (i) approximately 80% of its total assets with exposure to a variety of asset classes, geographies, and market capitalizations generally based on a long-term view of macroeconomic factors (the strategic sleeve ) and (ii) approximately 20% of its total assets to add or reduce exposure to one or more asset classes generally based on a short-term view of the market (the tactical sleeve ). The Fund s investment adviser, Gadsden, LLC (the Adviser ), selects the asset classes to be included in the strategic and tactical sleeves, rather than individual securities or other instruments. For each asset class in which the Fund invests, the Fund s sub-adviser will determine whether the Fund will invest directly in securities or other instruments of such asset class or indirectly through one or more pooled vehicles (e.g., other ETFs) that primarily invest in such securities or other instruments. Consequently, the Fund s investments in other investment companies may range from 0% to 100% of the Fund s portfolio.

Yes, GDMA is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, GDMA is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on GDMA is 0.0015%. This is the percent change in the value of GDMA over the most recent 1-month period. The 3-month return on GDMA is -0.0455%. This is the percent change in the value of GDMA over the most recent 3-month period.

The standard deviation of GDMA for the past year is 0.0789%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to GDMA include PGF, AMJ, and AOR.

ETFs correlated to GDMA include AAPD, AMZD, and NVDS.

ETFs that are inversely correlated to GDMA include JGRO, STRV, and SMOT.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.