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ETFs

Gadsden Dynamic Multi-Asset ETF

GDMA
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Nov 15 2018
Expense Ratio
1.26%
Type
Global Diversified
Fund Owner
Gadsden
Volume (1m avg. daily)
$222,048
AUM
$153,446,250
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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TFLO
BlackRock Institutional Trust Company N.A. - iShares Treasury Floating Rate Bond ETF
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UUP
Invesco DB US Dollar Index Trust - Invesco DB US Dollar Index Bullish Fund
5.12%
TMV
Direxion Shares ETF Trust - Direxion Daily 20+ Year Treasury Bear -3X Shares
3.73%
n/a
Cash & Other
1.32%
EPV
ProShares Trust - ProShares UltraShort FTSE Europe -2X Shares
1.10%
SPXU
ProShares Trust - ProShares UltraPro Short S&P 500
1.02%
SQQQ
ProShares Trust - ProShares UltraPro Short QQQ -3x Shares
1.00%
TBX
ProShares Trust - ProShares Short 7-10 Year Treasury -1x Shares
0.51%
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 HIBS, SH, SPXS

GDMA
EA Series Trust - Gadsden Dynamic Multi-Asset ETF
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
SH
ProShares Trust - ProShares Short S&P500 -1x Shares
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares
SPXU
ProShares Trust - ProShares UltraPro Short S&P 500
SDS
ProShares Trust - ProShares UltraShort S&P500 -2x Shares
SPDN
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares
RWM
ProShares Trust - ProShares Short Russell2000 -1x Shares
TWM
ProShares Trust - ProShares UltraShort Russell2000 -2x Shares
SRTY
ProShares Trust - ProShares UltraPro Short Russell2000 -3x Shares
TZA
Direxion Shares ETF Trust - Direxion Daily Small Cap Bear 3X 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 0.0139%. This is the percent change in the value of GDMA over the most recent 1-month period. The 3-month return on GDMA is 0.0314%. 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 0.0574%. 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 AOR, DRSK, and FPEI.

ETFs correlated to GDMA include HIBS, SH, and SPXS.

ETFs that are inversely correlated to GDMA include XDEC, PJAN, and USPX.

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.