LTAX vs GMMA
Comparison between Nomura TaxFree USA ETF (LTAX, ETF) and GAMMAROAD MARKET NAVIGATION ETF (GMMA, ETF).
LTAX vs GMMA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
LTAX
$6.20M
Winner
GMMA
$6.30M
Expense Ratio
Winner
LTAX
0.39%
GMMA
0.75%
Max Drawdown
Winner
LTAX
3.49%
GMMA
5.74%
Sharpe Ratio
LTAX
0.06
Winner
GMMA
0.97
5Y Beta
Winner
LTAX
0.16
GMMA
0.24
LTAX vs GMMA - Historical Returns
Returns include dividend reinvestment.
1M
LTAX
+0.82%
Winner
GMMA
+1.52%
3M
LTAX
+1.01%
Winner
GMMA
+1.54%
6M
LTAX
N/A
GMMA
+2.21%
1Y
LTAX
N/A
GMMA
+9.32%
Max(CAGR)
LTAX
+3.92%
Winner
GMMA
+6.77%
LTAX vs GMMA - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | LTAX | GMMA |
|---|---|---|
| 2026 | +1.52% | +2.18% |
| 2025 | N/A | +9.24% |
| 2024 | N/A | +0.50% |
LTAX vs GMMA Drawdown Comparison
The maximum drawdown for LTAX was -3.18%, occurring on Mar 24, 2026. Recovery took 64 trading sessions.
The maximum drawdown for GMMA was -5.21%, occurring on Jan 10, 2025. Recovery took 29 trading sessions.
The current LTAX drawdown is -0.38%. The current GMMA drawdown is -1.79%.
| Rank | LTAX | GMMA |
|---|---|---|
| #1 | -3.18% Feb 26, 2026 - May 29, 2026 | -5.21% Dec 6, 2024 - Jan 22, 2025 |
| #2 | -0.78% Jan 14, 2026 - Feb 5, 2026 | -5.21% Jan 23, 2025 - Jul 24, 2025 |
| #3 | -0.38% Jun 4, 2026 - Jun 5, 2026 | -3.39% Jan 28, 2026 - May 6, 2026 |
| #4 | -0.27% Feb 10, 2026 - Feb 12, 2026 | -1.79% Jun 2, 2026 - Jun 5, 2026 |
| #5 | -0.27% Feb 5, 2026 - Feb 9, 2026 | -1.66% Oct 28, 2025 - Dec 5, 2025 |
| #6 | -0.21% Jun 2, 2026 - Jun 4, 2026 | -1.62% Jan 12, 2026 - Jan 28, 2026 |
| #7 | -0.19% Feb 24, 2026 - Feb 26, 2026 | -1.54% Jul 25, 2025 - Aug 8, 2025 |
| #8 | -0.01% Feb 13, 2026 - Feb 18, 2026 | -1.47% Nov 8, 2024 - Nov 26, 2024 |
| #9 | -0.00% Feb 19, 2026 - Feb 24, 2026 | -1.37% Dec 11, 2025 - Dec 23, 2025 |
| #10 | N/A | -1.36% May 14, 2026 - May 26, 2026 |
| #11 | N/A | -1.00% Aug 14, 2025 - Aug 27, 2025 |
| #12 | N/A | -0.91% Oct 8, 2025 - Oct 23, 2025 |
| #13 | N/A | -0.91% Oct 21, 2024 - Nov 6, 2024 |
| #14 | N/A | -0.87% Aug 28, 2025 - Sep 11, 2025 |
| #15 | N/A | -0.49% Sep 22, 2025 - Oct 1, 2025 |
Correlation
Correlation between LTAX and GMMA is 0.82 which considered as a strong positive correlation - the stocks tend to move together.
0.82
-101
Dividend Comparison (2024 - 2026)
LTAX vs GMMA dividend yield comparison.
| Year | LTAX | GMMA |
|---|---|---|
| 2026 | 1.34% | 0.82% |
| 2025 | 0.00% | 3.00% |
| 2024 | 0.00% | 0.57% |
Select Stocks to Compare
Popular: LTAX vs SPYGMMA vs SPY
More Comparisons
Compare with similar stocks