New America Acquisition I (NWAX)


Market Price (8/23/2026): $10.19 | Market Cap: $507.5 MilSector: Financials | Industry: Multi-Sector Holdings

New America Acquisition I (NWAX)


Market Price (8/23/2026): $10.19
Market Cap: $507.5 Mil
Sector: Financials
Industry: Multi-Sector Holdings

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Low stock price volatility
Vol 12M is 3.5%

Trading close to highs
Dist 52W High is -0.4%, Dist 3Y High is -0.4%

Weak multi-year price returns
2Y Excs Rtn is -38%, 3Y Excs Rtn is -74%

Key risks
NWAX key risks include [1] its potential failure to complete a business combination, Show more.

0 Low stock price volatility
Vol 12M is 3.5%
1 Trading close to highs
Dist 52W High is -0.4%, Dist 3Y High is -0.4%
2 Weak multi-year price returns
2Y Excs Rtn is -38%, 3Y Excs Rtn is -74%
3 Key risks
NWAX key risks include [1] its potential failure to complete a business combination, Show more.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/1/2026

New America Acquisition I (NWAX) stock has remained largely at the same level since 4/30/2026 because of the following key factors:

1. Absence of a definitive business combination announcement.

New America Acquisition I (NWAX) is a Special Purpose Acquisition Company (SPAC) that has not yet announced a target for a merger or acquisition. The company remains in a "Pre-Deal" status as of August 2026. The lack of a specific business combination prevents investors from evaluating future growth prospects or company-specific performance, which would typically drive significant share price movements in an operating company. The SPAC's objective is to acquire businesses with an aggregate enterprise value of $700 million or greater, primarily in the U.S. technology, healthcare, or logistics sectors.

2. Trading around the trust account value.

As a pre-deal SPAC, NWAX's stock price has consistently hovered near its initial public offering (IPO) price of $10.00 per unit, which is also approximately the redemption value of shares held in the trust account. The company completed its IPO on December 4, 2025, raising $345 million in gross proceeds, which were placed into a U.S.-based trust account. Public stockholders are entitled to redeem their shares at approximately $10.00 per share, which acts as a floor for the stock price in the absence of a consummated business combination, causing the stock to trade within a narrow range (e.g., $10.14-$10.15 on July 29, 2026, and around $10.13 in early August 2026).

Show more
Updated on 8/1/2026

New America Acquisition I (NWAX) stock has remained largely at the same level since 4/30/2026 because of the following key factors:

1. Absence of a definitive business combination announcement.

New America Acquisition I (NWAX) is a Special Purpose Acquisition Company (SPAC) that has not yet announced a target for a merger or acquisition. The company remains in a "Pre-Deal" status as of August 2026. The lack of a specific business combination prevents investors from evaluating future growth prospects or company-specific performance, which would typically drive significant share price movements in an operating company. The SPAC's objective is to acquire businesses with an aggregate enterprise value of $700 million or greater, primarily in the U.S. technology, healthcare, or logistics sectors.

2. Trading around the trust account value.

As a pre-deal SPAC, NWAX's stock price has consistently hovered near its initial public offering (IPO) price of $10.00 per unit, which is also approximately the redemption value of shares held in the trust account. The company completed its IPO on December 4, 2025, raising $345 million in gross proceeds, which were placed into a U.S.-based trust account. Public stockholders are entitled to redeem their shares at approximately $10.00 per share, which acts as a floor for the stock price in the absence of a consummated business combination, causing the stock to trade within a narrow range (e.g., $10.14-$10.15 on July 29, 2026, and around $10.13 in early August 2026).

3. Subdued trading volume reflecting investor waiting pattern.

Throughout the specified period, NWAX has experienced subdued trading volumes, indicating a "waiting pattern" among investors. This low trading activity suggests that market participants are largely holding their positions without aggressive buying or selling, awaiting clarity on the company's acquisition progress before committing fresh capital. This lack of significant trading pressure contributes to the stock's stable price trend.

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Stock Movement Drivers

Fundamental Drivers

The 1.0% change in NWAX stock from 4/30/2026 to 8/22/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.
(LTM values as of)43020268222026Change
Stock Price ($)10.0810.181.0%
Change Contribution By: 
Total Revenues ($ Mil)0.0%
Net Income Margin (%)0.0%
P/E Multiple0.0%
Shares Outstanding (Mil)4550-9.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/22/2026
ReturnCorrelation
NWAX1.0% 
Market (SPY)6.5%0.3%
Sector (XLF)10.3%-8.9%

Fundamental Drivers

The 0.8% change in NWAX stock from 1/31/2026 to 8/22/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.
(LTM values as of)13120268222026Change
Stock Price ($)10.1010.180.8%
Change Contribution By: 
Total Revenues ($ Mil)0.0%
Net Income Margin (%)0.0%
P/E Multiple0.0%
Shares Outstanding (Mil)4550-9.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/22/2026
ReturnCorrelation
NWAX0.8% 
Market (SPY)11.0%9.2%
Sector (XLF)8.1%4.1%

Fundamental Drivers

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Market Drivers

7/31/2025 to 8/22/2026
ReturnCorrelation
NWAX  
Market (SPY)22.2%8.8%
Sector (XLF)11.1%3.2%

Fundamental Drivers

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Market Drivers

7/31/2023 to 8/22/2026
ReturnCorrelation
NWAX  
Market (SPY)73.2%8.8%
Sector (XLF)70.0%3.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
NWAX Return------0%-0%
Peers Return     1%1%
S&P 500 Return27%-19%24%23%16%12%103%

Monthly Win Rates [3]
NWAX Win Rate-----38% 
Peers Win Rate     65% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
NWAX Max Drawdown------ 
Peers Max Drawdown       
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: AACP, AESP, ALPX, BCCQ, BID.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/21/2026 (YTD)

How Low Can It Go

NWAX has limited trading history. Below is the Financials sector ETF (XLF) in its place.

EventXLFS&P 500
2025 US Tariff Shock
  % Loss-15.5%-18.8%
  % Gain to Breakeven18.4%23.1%
  Time to Breakeven80 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-10.7%-9.5%
  % Gain to Breakeven12.0%10.5%
  Time to Breakeven26 days24 days
2023 SVB Regional Banking Crisis
  % Loss-16.1%-6.7%
  % Gain to Breakeven19.1%7.1%
  Time to Breakeven270 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-22.3%-24.5%
  % Gain to Breakeven28.6%32.4%
  Time to Breakeven467 days427 days
2020 COVID-19 Crash
  % Loss-42.8%-33.7%
  % Gain to Breakeven74.8%50.9%
  Time to Breakeven289 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-19.7%-19.2%
  % Gain to Breakeven24.5%23.8%
  Time to Breakeven123 days105 days

Compare to AACP, ACGC, AESP, ALPX, AMAN

In The Past

State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

NWAX has limited trading history. Below is the Financials sector ETF (XLF) in its place.

EventXLFS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-22.3%-24.5%
  % Gain to Breakeven28.6%32.4%
  Time to Breakeven467 days427 days
2020 COVID-19 Crash
  % Loss-42.8%-33.7%
  % Gain to Breakeven74.8%50.9%
  Time to Breakeven289 days140 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-21.4%-12.2%
  % Gain to Breakeven27.3%13.9%
  Time to Breakeven272 days62 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-26.1%-17.9%
  % Gain to Breakeven35.3%21.8%
  Time to Breakeven162 days123 days
2008-2009 Global Financial Crisis
  % Loss-78.3%-53.4%
  % Gain to Breakeven359.8%114.4%
  Time to Breakeven2329 days1085 days

Compare to AACP, ACGC, AESP, ALPX, AMAN

In The Past

State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About New America Acquisition I (NWAX)

New America Acquisition I (NWAX) is a blank check company, also known as a Special Purpose Acquisition Company (SPAC). Its sole purpose is to effect a merger, acquisition, or similar business combination with one or more private operating businesses. Essentially, NWAX has raised capital from public investors to acquire a private company, which would then become a publicly traded entity through the transaction. It currently has no operating business, products, or services of its own.

The company's primary activity is the search for and execution of this "initial business combination." While NWAX is open to opportunities across various industries, it intends to focus on sectors that complement its management team’s strong background in operating, investing, financial, and transactional experience. The team aims to acquire a business with an aggregate enterprise value of $700 million or greater, leveraging their proven track record, which includes successfully completing two prior SPAC business combinations.

Therefore, NWAX does not offer traditional products or services to consumers or businesses. Instead, its 'service' is to identify, acquire, and merge with a suitable private company, providing that target company with access to public markets. Its 'customers' are the potential target businesses seeking to go public or raise significant capital through a SPAC merger, with the ultimate goal of generating value for NWAX's stockholders by combining with a promising enterprise.

AI Analysis | Feedback

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AI Analysis | Feedback

New America Acquisition I (NWAX) is a Special Purpose Acquisition Company (SPAC) and therefore does not offer traditional products or services. Its primary "service" is:

  • Facilitating Business Combinations: The company's sole purpose is to identify and complete a merger, acquisition, or similar business combination with one or more private operating businesses, thereby taking them public.

AI Analysis | Feedback

New America Acquisition I (NWAX) is a blank check company, also known as a Special Purpose Acquisition Company (SPAC). As described in the background, it was formed for the purpose of effecting a business combination with one or more businesses. It has not yet selected a specific business combination target and has not initiated any substantive discussions with potential targets. Therefore, New America Acquisition I (NWAX) currently has no operations and does not sell any products or services. As a result, it does not have any major customers, nor does it sell to other companies or individuals.

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Kyle Wool, Chairman of the Board

Kyle Wool was appointed Chairman of the Board of Directors of New America Acquisition I Corp. in February 2026. He brings over two decades of experience across financial services and capital markets. Since December 2023, he has served as President of Dominari Holdings Inc. and as Chief Executive Officer of Dominari Securities LLC since May 2023. Previously, Wool held the position of executive director at Morgan Stanley, where he advised clients on investment strategy and capital allocation. His career also includes senior roles at Oppenheimer and Co., such as managing director of the Professional Investors Group for Oppenheimer Asia Ltd.

Kevin McGurn, Chief Executive Officer

Kevin McGurn serves as the Chief Executive Officer of New America Acquisition I Corp. He previously held the titles of Chairman, Chief Executive Officer, and Chief Financial Officer for the company since July 2025. McGurn's prior roles include serving as Vice President of Advertising Solutions at T-Mobile and as President of Vevo LLC, a global music platform jointly owned by Universal Music Group and Sony Music Entertainment, from 2018 to 2023. Earlier in his career, from 2007 to 2013, he was the Senior Vice President of Advertising Sales at Hulu, where he was instrumental in launching and scaling the company's ad-supported streaming business. He also served on the independent board of Zype, Inc., a video infrastructure platform that was later acquired by Backlight, a portfolio company of PSG. McGurn is also the Chief Executive Officer of Yorkville Acquisition Corp., another special purpose acquisition company, since March 2025. He provides advisory support to TMTG (Trump Media and Technology Group) on matters of mergers and acquisitions, subscription video on demand (SVOD), and social networking platforms. Additionally, he is a limited partner and strategic entrepreneurial advisor to Revel Partners, a venture capital firm, and Alpine Meridian. He also incorporated America First Sponsor I LLC in Florida.

George O'Leary, Chief Financial Officer

George O'Leary is the Chief Financial Officer of New America Acquisition I Corp. He is the founder and President of SKS Consulting of South Florida Corp., established in 2000. O'Leary also founded InLight Capital Partners LLC in 2014, where he serves as Managing Director. Since 2010, he has been the President and CEO of US Medical Consultants LLC. His past executive roles include Chief Executive Officer of Sono Group N.V. from January 2024 through September 2025. He was also the Chief Financial Officer of HealthLynked Corporation from August 2014 through April 2024. From March 2014 to January 2021, O'Leary was the Vice Chairman of the Board of Directors of Timios Holdings Corp., which was subsequently sold to Ideanomics Inc. From 1996 to 2000, he served as Chief Executive Officer and President of Communication Resources Incorporated, during which time annual revenues grew from $5 million to $40 million. Prior to that, he was Vice President of Operations of Cablevision Industries until its sale to Time Warner. O'Leary began his professional career as a senior accountant with Peat Marwick and Mitchell (now KPMG). He holds a B.B.A. degree in accounting from Siena College.

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Key Risks for New America Acquisition I (NWAX)

  1. Failure to Complete a Business Combination: As a blank check company, New America Acquisition I's sole purpose is to identify and complete a merger, share exchange, asset acquisition, or similar business combination with one or more businesses. The company has not yet selected any specific business combination target, nor has it initiated any substantive discussions. If NWAX fails to complete an initial business combination within the timeframe required by its governing documents, it will likely be forced to liquidate and return funds to its public stockholders, potentially at a loss due to expenses incurred.
  2. Risk of Identifying and Acquiring an Unsuitable Target: Even if New America Acquisition I successfully identifies a potential target, there is a significant risk that the business combination may not be strategically sound, that the target company may not perform as anticipated after the combination, or that the terms of the acquisition may be unfavorable. This could lead to a decline in the value of NWAX's securities post-combination and may not generate the expected returns for investors.
  3. Shareholder Dilution: The completion of a business combination often involves the issuance of new shares to the target company's owners, private investment in public equity (PIPE) transactions, or the exercise of warrants. Such activities can significantly dilute the ownership stake of existing shareholders and reduce the earnings per share of the combined entity.

AI Analysis | Feedback

The declining investor appetite for SPACs, characterized by increased shareholder redemptions and a general market shift towards alternative public listing methods such as traditional IPOs and direct listings, threatens New America Acquisition I's ability to identify and successfully complete a business combination. This trend makes it more challenging to secure sufficient capital and attract suitable target companies, diminishing the overall viability of the SPAC model.

AI Analysis | Feedback

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AI Analysis | Feedback

New America Acquisition I (NWAX), as a blank check company, does not generate operating revenue itself. Its future revenue growth over the next 2-3 years will be driven entirely by the successful completion of an initial business combination and the subsequent performance of the acquired operating company. Based on the company's stated strategy and intentions, the expected drivers of future revenue growth include:
  1. Successful identification and completion of an initial business combination with a high-growth operating company. New America Acquisition I's primary objective is to acquire businesses that are "well-positioned for long-term, sustainable growth" and have "a clear path to scalable growth within their respective sectors." The successful consummation of such a merger is the fundamental catalyst for initiating operating revenue.
  2. Strategic focus on acquiring businesses within high-potential sectors. NWAX intends to concentrate its acquisition efforts on U.S.-headquartered or operating companies that contribute to U.S. industrial capacity, technological leadership, innovation, and economic resilience. Specifically, they target industries such as technology, healthcare, logistics, automation, advanced manufacturing, infrastructure, and energy systems, which are expected to offer robust growth opportunities.
  3. Leveraging the management team's expertise to implement post-combination strategic initiatives and operational improvements. The company emphasizes its management team's extensive operating, investing, financial, and transactional experience, noting their ability to "bring value to the business post-business combination." This includes driving "sustainable growth through strategic initiatives, operational improvements, and calculated geographic and product line expansions" for the acquired entity.

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Share Issuance

  • New America Acquisition I sold 34,500,000 units at $10.00 per unit in its Initial Public Offering (IPO) on December 5, 2025, generating gross proceeds of $345,000,000.
  • The company completed a concurrent private placement of 600,000 units at $10.00 per unit, raising an additional $6,000,000.
  • The sponsor acquired 12,500,000 Class B founder shares on May 28, 2025, for $25,000.

Inbound Investments

  • Gross proceeds from the IPO totaled $345,000,000.
  • The private placement generated $6,000,000 in gross proceeds.
  • A total of $345,000,000 from the IPO and private placement was deposited into a trust account for a future business combination.

Peer Outperformance in Multi-Sector Holdings

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Share of Multi-Sector Holdings constituents that NWAX has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
insufficient peer history
3Y
insufficient peer history
5Y
insufficient peer history
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Median price return by industry across the Financials sector, ranked by 5Y. Multi-Sector Holdings is NWAX's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Investment Banking & Brokerage 13 5.7%134.2%137.8% IBKR 519% · SNEX 245% · GS 192%
Reinsurance 6 19.3%84.4%118.1% SPNT 140% · MTG 132% · RGA 130%
Diversified Banks 12 37.4%130.6%105.4% JPM 154% · CM 151% · RY 136%
Life & Health Insurance 19 11.2%55.9%86.1% UNM 294% · FG 197% · MFC 173%
Regional Banks 263 25.9%86.3%65.8% GCBC 400% · ESQ 363% · NBN 295%
Property & Casualty Insurance 42 11.1%73.7%64.4% ASIC 2583900% · HRTG 427% · UVE 275%
Multi-line Insurance 9 13.5%78.8%57.5% GNW 181% · L 101% · SLF 86%
Consumer Finance 30 10.1%88.7%36.2% ENVA 664% · EZPW 406% · FCFS 186%
Multi-Sector Holdings ← 6 1.4%16.7%34.4% JEF 80% · BRK-B 74% · VOYA 67%
Insurance Brokers 15 -9.5%11.8%33.2% LIFE 596% · AJG 94% · ARX 87%
Asset Management & Custody Banks 83 -8.7%21.6%23.5% SII 344% · WT 305% · VCTR 290%
Financial Exchanges & Data 15 -1.6%12.8%14.8% VIRT 219% · CBOE 154% · CME 68%
Commercial & Residential Mortgage Finance 12 -31.1%23.0%5.8% FNMA 542% · FMCC 517% · ESNT 61%
Specialized Finance 3 18.7%53.0%5.2% EFC 38% · CACC 5% · HASI -14%
Mortgage REITs 34 -7.2%15.3%-10.9% RITM 71% · NREF 55% · DX 42%
Transaction & Payment Processing Services 15 1.4%7.2%-40.8% MA 66% · V 65% · CPAY 60%
Diversified Capital Markets 21 -29.3%-4.2%-44.5% BTCS 584% · OPY 184% · LPLA 156%
Diversified Financial Services 5 -6.3%57.4%-58.0% FRHC 170% · EQH 85% · TMS -58%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

NWAXAACPAESPALPXBCCQBIDMedian
NameNew Amer.Apogee A.Aeon Acq.Alpex Ac.Bleichro.Tribeca . 
Mkt Price10.1810.079.959.939.939.869.94
Mkt Cap0.50.2----0.4
Rev LTM-------
Op Inc LTM-------
FCF LTM-------
FCF 3Y Avg-------
CFO LTM-------
CFO 3Y Avg-------

Growth & Margins

NWAXAACPAESPALPXBCCQBIDMedian
NameNew Amer.Apogee A.Aeon Acq.Alpex Ac.Bleichro.Tribeca . 
Rev Chg LTM-------
Rev Chg 3Y Avg-------
Rev Chg Q-------
QoQ Delta Rev Chg LTM-------
Op Inc Chg LTM-------
Op Inc Chg 3Y Avg-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM-------
CFO/Rev 3Y Avg-------
FCF/Rev LTM-------
FCF/Rev 3Y Avg-------

Valuation

NWAXAACPAESPALPXBCCQBIDMedian
NameNew Amer.Apogee A.Aeon Acq.Alpex Ac.Bleichro.Tribeca . 
Mkt Cap0.50.2----0.4
P/S-------
P/Op Inc-------
P/EBIT-------
P/E-------
P/CFO-------
Total Yield-------
Dividend Yield0.0%0.0%----0.0%
FCF Yield 3Y Avg-------
D/E0.00.0----0.0
Net D/E-0.0-0.0-----0.0

Returns

NWAXAACPAESPALPXBCCQBIDMedian
NameNew Amer.Apogee A.Aeon Acq.Alpex Ac.Bleichro.Tribeca . 
1M Rtn0.6%0.8%0.6%0.6%0.3%0.3%0.6%
3M Rtn0.5%1.2%0.9%0.9%0.3%0.2%0.7%
6M Rtn1.1%1.2%0.9%0.9%0.3%0.2%0.9%
12M Rtn-0.2%1.2%0.9%0.9%0.3%0.2%0.6%
3Y Rtn-0.2%1.2%0.9%0.9%0.3%0.2%0.6%
1M Excs Rtn-3.0%-2.8%-3.0%-3.0%-3.3%-3.3%-3.0%
3M Excs Rtn-2.6%-1.9%-2.2%-2.2%-2.8%-2.9%-2.4%
6M Excs Rtn-10.0%-9.9%-10.2%-10.2%-10.8%-10.9%-10.2%
12M Excs Rtn-20.2%-18.8%-19.1%-19.1%-19.7%-19.8%-19.4%
3Y Excs Rtn-74.5%-73.0%-73.3%-73.3%-73.9%-74.0%-73.6%

Comparison Analyses

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Financials

Price Behavior

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NWAX Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta-0.04-0.01-0.000.020.03-0.02
Up Beta-0.08-0.13-0.14-0.020.06-0.01
Down Beta0.03-0.12-0.05-0.000.020.02
Up Capture-6%6%6%3%1%0%
Bmk +ve Days11223567138427
Stock +ve Days81724494949
Down Capture-4%9%6%7%5%3%
Bmk -ve Days11212859114326
Stock -ve Days92026525454

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NWAX
NWAX-0.2%3.5%-1.37-
Sector ETF (XLF)10.1%14.6%0.443.2%
Equity (SPY)21.1%12.9%1.228.8%
Gold (GLD)37.5%28.8%1.1024.8%
Commodities (DBC)43.2%20.2%1.6624.1%
Real Estate (VNQ)12.9%13.8%0.642.1%
Bitcoin (BTCUSD)-31.6%44.1%-0.7311.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NWAX
NWAX-0.0%3.5%-1.37-
Sector ETF (XLF)10.1%18.4%0.413.2%
Equity (SPY)12.9%17.2%0.578.8%
Gold (GLD)20.6%18.6%0.9024.8%
Commodities (DBC)10.4%19.6%0.4124.1%
Real Estate (VNQ)2.3%18.9%0.022.1%
Bitcoin (BTCUSD)10.4%52.8%0.3811.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with NWAX
NWAX-0.0%3.5%-1.37-
Sector ETF (XLF)13.5%22.0%0.563.2%
Equity (SPY)15.2%17.9%0.728.8%
Gold (GLD)12.7%16.2%0.6424.8%
Commodities (DBC)8.0%18.0%0.3624.1%
Real Estate (VNQ)5.0%20.7%0.202.1%
Bitcoin (BTCUSD)63.1%66.1%1.0311.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7312026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 71520260.7%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity49.8 Mil
Short % of Basic Shares0.1%

Earnings Returns History

Updated 6/2/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/14/202610-Q
03/31/202605/14/202610-Q
09/30/202512/04/2025424B4
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/14/202610-Q
03/31/202605/14/202610-Q
09/30/202512/04/2025424B4

Insider Activity

Updated 4/26/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Wool, Kyle MichaelSee FootnoteBuy40920260.01200,0002,00019,000Form
2New, America Sponsor I LlcDirectBuy1208202510.00600,0006,000,0006,000,000Form
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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Wool, Kyle MichaelSee FootnoteBuy40920260.01200,0002,00019,000Form
2New, America Sponsor I LlcDirectBuy1208202510.00600,0006,000,0006,000,000Form
Core Cache Last Updated: 8/22/2026