ETF Evaluator:
IDX Alternative FIAT ETF ()
Follow This ETF
(as of Nov 13)
Best Performing in Miscellaneous Sector Over the Last Year
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ETF Details
IDX Alternative FIAT ETF Overview
IDX Alternative FIAT ETF (GLDB) is an actively managed Sector Equity Miscellaneous Sector exchange-traded fund (ETF). IDX Advisors, LLC launched the ETF in 2025.
The investment seeks capital appreciation.
The fund seeks to provide exposure to a blend of digital assets and precious metals, primarily focusing on bitcoin and gold. The fund employs a dynamic asset allocation strategy that targets balanced exposure to its core assets of bitcoin and gold, with dynamic tilts in allocation up or down to either asset based on proprietary risk metrics, including volatility, momentum, and other quantitative factors. To implement this strategy, it primarily invests in derivatives linked to Bitcoin and gold, including futures and other instruments that provide direct or synthetic exposure to Bitcoin and gold. It is non-diversified.
About IDX Alternative FIAT ETF (GLDB)
There are 2 members of the management team with an average tenure of 1.02 years: Benjamin McMillan (2025) and Josh Myers (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
IDX Alternative FIAT ETF has 12 securities in its portfolio. The top 10 holdings constitute 143.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
IDX Alternative FIAT ETF is part of the Equity global asset class and is within the Sector Equity ETF group. IDX Alternative FIAT ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). IDX Alternative FIAT ETF has -14.8% of the portfolio in cash.
Assets Under Management
The fund has $36 million in total assets, which is below the $334 million average for the Miscellaneous Sector category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
GLDB Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The IDX Alternative FIAT ETF expense ratio is high compared to funds in the Miscellaneous Sector category. IDX Alternative FIAT ETF has an expense ratio of 0.96%, which is 29% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. IDX Alternative FIAT ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 38% for the Miscellaneous Sector category.
Recently, in the month of October 2026, IDX Alternative FIAT ETF returned -11.1%, which earned it a grade of D, as the Miscellaneous Sector category had an average return of -3.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
IDX Alternative FIAT ETF has a trailing yield of 0.23%, which is below the 1.08% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
IDX Alternative FIAT ETF Grades
Year to date, the ETF has returned -18.3%, 18.9 percentage points worse than the category, which translates into a grade of F. The fund has returned -18.8% over the past year (grade of F).
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GLDB Trailing NAV Total Returns Data as of 10/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GLDB Return (NAV) | -11.1% | 2.2% | -18.8% | na | na | na |
| GLDB Return (Price) | -11.3% | 2.0% | -20.6% | na | na | na |
| NAV +/- Price Return | 0.121% | 0.200% | 1.869% | na | na | na |
| Miscellaneous Sector Avg | -3.7% | -2.4% | -0.4% | 10.7% | -7.1% | 5.0% |
| GLDB Grade (NAV) | D | B | F | na | na | na |
| +/- Category (NAV) | -7.4% | 4.6% | -18.4% | na | na | na |
| GLDB Tax-Cost Ratio | na | na | 0.1% | na | na | na |
GLDB Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GLDB Return (NAV) | -18.3% | na | na | na | na | na | na | na | na | na | na |
| GLDB Return (Price) | -18.2% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.006% | na | na | na | na | na | na | na | na | na | na |
| Miscellaneous Sector Avg | 0.6% | 21.4% | -6.1% | 8.2% | -37.8% | 23.6% | 21.5% | 21.4% | -11.0% | 25.4% | 14.5% |
| GLDB Grade (NAV) | F | na | na | na | na | na | na | na | na | na | na |
| +/- Category | -18.9% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 0.2% |
| Total Assets: | $ 36 Mil |
| Share Class Assets: | $ 36 Mil |
| Turnover: | 0.0% |
| Expense Ratio: | 0.96% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 1.0 years | |||
| Average Tenure: 1.0 years | |||
| Managers (Year): McMillan Benjamin (2025), Myers Josh (2025) | |||
Portfolio Composition (as of 10/30/26)
| # of Holdings: | 12 |
| % in Top 10 Holdings: | 143.8% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 114.8% |
| Cash: | -14.8% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | IDX Advisors, LLC |
| Phone Number: | 844-456-4545 |
| Website: | |
| Inception Date: | October 23, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.96% (Rating: High) |
| Category Average Expense Ratio (%): | 0.74% |
