ASGM vs. TDSB

Last updated Jun 4, 2026

ASGM (Virtus AlphaSimplex Global Macro ETF) and TDSB (Cabana Target Drawdown 7 ETF) are both Tactical Allocation funds. Both are actively managed. A 0.72 correlation means they provide meaningful diversification when combined. ASGM charges 0.86%/yr vs 0.69%/yr for TDSB.

Performance

ASGM vs. TDSB - 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 7 ETF (TDSB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASGM achieves a 22.52% return, which is significantly higher than TDSB's 4.54% return.

ASGM

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

TDSB

• 1D: -0.16%
• 1M: 0.64%
• YTD: 4.54%
• 6M: 4.50%
• 1Y: 14.83%
• 3Y*: 8.77%
• 5Y*: 2.16%
• 10Y*: —

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

ASGM vs. TDSB - Yearly Performance Comparison

	2026 (YTD)	2025
ASGM Virtus AlphaSimplex Global Macro ETF	22.52%	11.57%
TDSB Cabana Target Drawdown 7 ETF	4.54%	7.32%

Correlation

The correlation between ASGM and TDSB is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 6, 2025	0.72

Return for Risk

ASGM vs. TDSB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TDSB

TDSB Risk / Return Rank: 73
TDSB Sharpe Ratio Rank: 77
TDSB Sortino Ratio Rank: 76
TDSB Omega Ratio Rank: 80
TDSB Calmar Ratio Rank: 65
TDSB Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASGM vs. TDSB - 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 7 ETF (TDSB). 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	TDSB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.49	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.30	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.95	0.31	+2.63

Drawdowns

ASGM vs. TDSB - Drawdown Comparison

The maximum ASGM drawdown since its inception was -6.62%, smaller than the maximum TDSB drawdown of -19.56%. Use the drawdown chart below to compare losses from any high point for ASGM and TDSB.

Drawdown Indicators

	ASGM	TDSB	Difference
Max Drawdown Largest peak-to-trough decline	-6.62%	-19.56%	+12.94%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.64%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.84%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.56%	—
Current Drawdown Current decline from peak	-0.53%	-0.90%	+0.37%
Average Drawdown Average peak-to-trough decline	-1.22%	-9.12%	+7.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.17%	—

Volatility

Volatility by Period

	ASGM	TDSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.64%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.01%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.67%	5.98%	+9.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.67%	7.32%	+8.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.67%	7.53%	+8.14%

ASGM vs. TDSB - Expense Ratio Comparison

ASGM has a 0.86% expense ratio, which is higher than TDSB's 0.69% expense ratio.

Dividends

ASGM vs. TDSB - Dividend Comparison

ASGM's dividend yield for the trailing twelve months is around 3.69%, more than TDSB's 2.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ASGM Virtus AlphaSimplex Global Macro ETF	3.69%	4.52%	0.00%	0.00%	0.00%	0.00%	0.00%
TDSB Cabana Target Drawdown 7 ETF	2.13%	1.93%	3.50%	2.77%	1.81%	1.75%	0.46%

Frequently Asked Questions

Can I hold both ASGM and TDSB in my portfolio?

ASGM and TDSB have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ASGM or TDSB?

On fees, TDSB is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ASGM or TDSB?

TDSB is cheaper with a 0.69% expense ratio, compared with 0.86% for ASGM.

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

ASGM has the higher dividend yield at 3.69%, compared with 2.13% for TDSB.

What is the main difference between ASGM and TDSB?

They also come from different issuers: Virtus and Exchange Traded Concepts. Their fees differ too: 0.86% for ASGM and 0.69% for TDSB.