ASGM vs. TDSA

Last updated Jun 4, 2026

ASGM (Virtus AlphaSimplex Global Macro ETF) and TDSA (Cabana Target Drawdown 5 ETF) are both Tactical Allocation funds. ASGM is actively managed, while TDSA is passively managed. ASGM charges 0.86%/yr vs 0.83%/yr for TDSA.

Performance

ASGM vs. TDSA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus AlphaSimplex Global Macro ETF (ASGM) and Cabana Target Drawdown 5 ETF (TDSA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ASGM

• 1D: -0.53%
• 1M: 7.21%
• YTD: 22.52%
• 6M: 24.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TDSA

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASGM vs. TDSA - Yearly Performance Comparison

	2026 (YTD)
ASGM Virtus AlphaSimplex Global Macro ETF	14.80%
TDSA Cabana Target Drawdown 5 ETF	0.00%

Return for Risk

ASGM vs. TDSA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus AlphaSimplex Global Macro ETF (ASGM) and Cabana Target Drawdown 5 ETF (TDSA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ASGM	TDSA	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.95	—	—

Drawdowns

ASGM vs. TDSA - Drawdown Comparison

The maximum ASGM drawdown since its inception was -6.62%, which is greater than TDSA's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for ASGM and TDSA.

Drawdown Indicators

	ASGM	TDSA	Difference
Max Drawdown Largest peak-to-trough decline	-6.62%	0.00%	-6.62%
Current Drawdown Current decline from peak	-0.53%	0.00%	-0.53%
Average Drawdown Average peak-to-trough decline	-1.22%	0.00%	-1.22%

Volatility

Volatility by Period

	ASGM	TDSA	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.67%	0.00%	+15.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.67%	0.00%	+15.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.67%	0.00%	+15.67%

ASGM vs. TDSA - Expense Ratio Comparison

ASGM has a 0.86% expense ratio, which is higher than TDSA's 0.83% expense ratio.

Dividends

ASGM vs. TDSA - Dividend Comparison

ASGM's dividend yield for the trailing twelve months is around 3.69%, while TDSA has not paid dividends to shareholders.

Position	TTM	2025
ASGM Virtus AlphaSimplex Global Macro ETF	3.69%	4.52%
TDSA Cabana Target Drawdown 5 ETF	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, ASGM or TDSA?

On fees, TDSA is cheaper at 0.83% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ASGM or TDSA?

TDSA is cheaper with a 0.83% expense ratio, compared with 0.86% for ASGM.

Which ETF pays a higher dividend yield, ASGM or TDSA?

ASGM has the higher dividend yield at 3.69%, compared with 0.00% for TDSA.

What is the main difference between ASGM and TDSA?

They also come from different issuers: Virtus and Cabana. Their fees differ too: 0.86% for ASGM and 0.83% for TDSA.