ETF Evaluator:
Anydrus Advantage ETF ()
Follow This ETF
(as of Nov 13)
Best Performing in Global Moderate Allocation Over the Last Year
| 24.7% | State Street® Multi-Asset Real Ret ETF (RLY) |
| 13.1% | Cambria Global Asset Allocation ETF (GAA) |
| 11.8% | GMO Dynamic Allocation ETF (GMOD) |
| 9.7% | JPMorgan Flexible Income ETF (JFLI) |
| 9.6% | Arrow Dow Jones Global Yield ETF (GYLD) |
Risk
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Risk
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ETF Details
Anydrus Advantage ETF Overview
Anydrus Advantage ETF (NDOW) is an actively managed Allocation Global Moderate Allocation exchange-traded fund (ETF). Anydrus launched the ETF in 2024.
The investment seeks to provide total return, consisting of capital appreciation and income.
The fund is an actively managed ETF that seeks to achieve its investment objective by investing in a combination of equity securities, fixed income securities and ETFs representing a broad range of asset classes. The fund seeks to provide attractive risk adjusted returns over market cycles by investing in a broadly diversified portfolio. In doing so, the fund seeks to provide investors with 1) reduced correlation to U.S. only stock and bond market movements, and 2) multiple alternative return sources that are independent from traditional U.S. stock and bond markets.
About Anydrus Advantage ETF (NDOW)
There are 3 members of the management team with an average tenure of 2.26 years: Garrett Smith (2024), William Sutherland (2024) and David Nelson (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and S&P Target Risk Moderate TR USD index with a weighting of 100%. Anydrus Advantage ETF has 72 securities in its portfolio. The top 10 holdings constitute 38.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Anydrus Advantage ETF is part of the Allocation global asset class and is within the Allocation ETF group. Anydrus Advantage ETF has 29.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 53.5% There is 14.8% allocated to foreign stock, and 0.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 26.4% (11.7% domestic bond, 14.7% foreign bond and 0.0% convertible bond). Anydrus Advantage ETF has 5.1% of the portfolio in cash.
Assets Under Management
The fund has $67 million in total assets, which is below the $465 million average for the Global Moderate Allocation 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.
NDOW 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 Anydrus Advantage ETF expense ratio is high compared to funds in the Global Moderate Allocation category. Anydrus Advantage ETF has an expense ratio of 2.11%, which is 174% 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. Anydrus Advantage ETF has a portfolio turnover rate of 358%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 63% for the Global Moderate Allocation category.
Recently, in the month of October 2026, Anydrus Advantage ETF returned -0.9%, which earned it a grade of D, as the Global Moderate Allocation category had an average return of 0.2%. 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.
Anydrus Advantage ETF has a trailing yield of 1.21%, which is below the 4.21% 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.
Anydrus Advantage ETF Grades
Year to date, the ETF has returned 2.8%, 4.1 percentage points worse than the category, which translates into a grade of F. The fund has returned 4.5% over the past year (grade of F).
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NDOW 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 |
|
| NDOW Return (NAV) | -0.9% | -2.0% | 4.5% | na | na | na |
| NDOW Return (Price) | -1.0% | -2.0% | 4.5% | na | na | na |
| NAV +/- Price Return | 0.064% | -0.002% | 0.038% | na | na | na |
| Global Moderate Allocation Avg | 0.2% | -0.6% | 8.7% | 14.5% | 6.2% | 7.0% |
| NDOW Grade (NAV) | D | D | F | na | na | na |
| +/- Category (NAV) | -1.2% | -1.4% | -4.2% | na | na | na |
| NDOW Tax-Cost Ratio | na | na | 0.5% | na | na | na |
NDOW Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NDOW Return (NAV) | 2.8% | 14.7% | na | na | na | na | na | na | na | na | na |
| NDOW Return (Price) | 2.7% | 14.8% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.007% | 0.004% | na | na | na | na | na | na | na | na | na |
| Global Moderate Allocation Avg | 6.9% | 15.5% | 8.5% | 10.3% | -9.7% | 16.1% | 1.4% | 18.4% | -7.9% | 12.9% | 10.8% |
| NDOW Grade (NAV) | F | C | na | na | na | na | na | na | na | na | na |
| +/- Category | -4.1% | -0.8% | 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: | 1.2% |
| Total Assets: | $ 67 Mil |
| Share Class Assets: | $ 67 Mil |
| Turnover: | 358.0% |
| Expense Ratio: | 2.11% |
| Index Fund: | No |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 2.5 years | |||
| Average Tenure: 2.3 years | |||
| Managers (Year): Smith Garrett (2024), Sutherland William (2024), Nelson David (2025) | |||
Portfolio Composition (as of 10/30/26)
| # of Holdings: | 72 |
| % in Top 10 Holdings: | 38.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 29.5% |
Portfolio Allocation |
|
| Domestic Stock: | 53.5% |
| Foreign Stock: | 14.8% |
| Preferred Stock: | 0.2% |
| Domestic Bond: | 11.7% |
| Foreign Bond: | 14.7% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 5.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Anydrus |
| Phone Number: | 877-694-3532 |
| Website: | |
| Inception Date: | May 13, 2024 |
Expenses and Fees
| Expense Ratio (%): | 2.11% (Rating: High) |
| Category Average Expense Ratio (%): | 0.77% |
