Ned Davis Research 360 Dynamic Allocation ETF (NDAA) Performance
NDAA total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +9.3% since Dec 31, 2025
- 1 year
- +11.0% total return
- Since first price
- +23.1% since 2024
NDAA trailing returns vs AGG, TLT, SPY
| Period | NDAA total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −1.4% | −1.4% | +0.9% | +1.5% | −1.0% |
| 3 months | +0.4% | +0.4% | −0.4% | −1.0% | +3.2% |
| 6 months | +3.0% | +3.0% | −1.5% | −3.8% | +7.8% |
| YTD | +9.3% | +9.3% | −1.0% | −3.4% | +12.3% |
| 1 year | +11.0% | +8.1% | −1.1% | −6.9% | +14.4% |
| Since inceptionOct 17, 2024 | +23.1% | +18.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: NDAA vs AGG
From Oct 17, 2024: NDAA grew to $12,309, AGG to $10,442.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
NDAA returns by calendar year
1 of 1 full years positive. Best 2025 (+14.0%), worst 2025 (+14.0%). 2026 is year to date.
NDAA annual returns table
| Year | NDAA | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +9.3% | −7.6% | −1.0% | −3.4% | +12.3% |
| 2025 | +14.0% | −13.5% | +7.2% | +4.3% | +17.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
NDAA largest drawdowns
Now 3.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2025 | −13.5% | Apr 8, 2025 | Jul 3, 2025 | 48 days | 4 months |
| Feb 25, 2026 | −7.6% | Mar 30, 2026 | Apr 16, 2026 | 33 days | 50 days |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
NDAA risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +12.8% |
| Volatility (annualized) | 9.9% |
| Sharpe ratio | 0.88 |
| Sortino ratio | 1.56 |
| Best month | +8.0% |
| Worst month | −4.9% |
| Best 12 months | +27.3% |
| Worst 12 months | +10.2% |
| Positive months | 61% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
NDAA rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 13 | +9.9% | +15.7% | +27.3% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
NDAA performance overview
Ned Davis Research 360 Dynamic Allocation ETF (NDAA) returned +11.0% over the past year, with distributions reinvested. Since its first recorded price on Oct 17, 2024 it has returned +23.1%. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −13.5%, from Feb 19, 2025 to Apr 8, 2025, and it took 3 months to get back to the old high. Volatility has been 9.9% a year.
Related: NDAA chart, NDAA holdings, NDAA dividends, NDAA bond profile. See the NDAA overview for the latest quote and fund facts.
NDAA performance FAQ
What is the NDAA return over the past year?
NDAA returned +11.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 8.1%.
How much would $10,000 invested in NDAA be worth?
$10,000 invested in NDAA at its first recorded close on October 17, 2024 would be worth about $12,309 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of NDAA?
The largest peak-to-trough decline was −13.5% between February 19, 2025 and April 8, 2025. It recovered to the old high on July 3, 2025, 3 months after the bottom.
How volatile is NDAA?
Over the past history NDAA had an annualized volatility of 9.9% and a Sharpe ratio of 0.88 (excess return over 1–3 month T-bills per unit of risk).