ASGM vs. TDSC

Last updated Jun 23, 2026

ASGM (Virtus AlphaSimplex Global Macro ETF) and TDSC (Cabana Target Drawdown 10 ETF) are both Tactical Allocation funds. Both are actively managed. A 0.80 correlation means they provide meaningful diversification when combined. ASGM charges 0.86%/yr vs 0.69%/yr for TDSC.

Performance

ASGM vs. TDSC - 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 10 ETF (TDSC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASGM achieves a 21.11% return, which is significantly higher than TDSC's 9.91% return.

ASGM

• 1D: -0.22%
• 1M: 1.72%
• YTD: 21.11%
• 6M: 21.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TDSC

• 1D: 0.15%
• 1M: -0.47%
• YTD: 9.91%
• 6M: 9.37%
• 1Y: 18.66%
• 3Y*: 10.86%
• 5Y*: 2.90%
• 10Y*: —

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

ASGM vs. TDSC - Yearly Performance Comparison

	2026 (YTD)	2025
ASGM Virtus AlphaSimplex Global Macro ETF	21.11%	11.08%
TDSC Cabana Target Drawdown 10 ETF	9.91%	5.65%

Correlation

The correlation between ASGM and TDSC is 0.80, 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 5, 2025	0.80

Return for Risk

ASGM vs. TDSC — Risk / Return Rank

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

ASGM

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

TDSC

TDSC Risk / Return Rank: 65
TDSC Sharpe Ratio Rank: 63
TDSC Sortino Ratio Rank: 61
TDSC Omega Ratio Rank: 60
TDSC Calmar Ratio Rank: 72
TDSC Martin Ratio Rank: 72

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. TDSC - 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 10 ETF (TDSC). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ASGM	TDSC	Difference
Sharpe ratio: Return per unit of total volatility	—	2.00	—
Sortino ratio: Return per unit of downside risk	—	2.75	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	3.51	—
Martin ratio: Return relative to average drawdown	—	13.06	—

Drawdowns

ASGM vs. TDSC - Drawdown Comparison

The maximum ASGM drawdown since its inception was -6.62%, smaller than the maximum TDSC drawdown of -21.51%. Use the drawdown chart below to compare losses from any high point for ASGM and TDSC.

Drawdown Indicators

	ASGM	TDSC	Difference
Max Drawdown Largest peak-to-trough decline	-6.62%	-21.51%	+14.89%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.35%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.24%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.51%	—
Current Drawdown Current decline from peak	-1.68%	-1.64%	-0.04%
Average Drawdown Average peak-to-trough decline	-1.33%	-9.32%	+7.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.43%	—

Volatility

Volatility by Period

	ASGM	TDSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.26%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.73%	9.39%	+7.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.73%	10.37%	+6.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.73%	10.27%	+6.46%

ASGM vs. TDSC - Expense Ratio Comparison

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

Dividends

ASGM vs. TDSC - Dividend Comparison

ASGM's dividend yield for the trailing twelve months is around 3.73%, more than TDSC's 2.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ASGM Virtus AlphaSimplex Global Macro ETF	3.73%	4.52%	0.00%	0.00%	0.00%	0.00%	0.00%
TDSC Cabana Target Drawdown 10 ETF	2.03%	2.92%	2.06%	2.06%	1.76%	1.11%	0.54%

Frequently Asked Questions

Can I hold both ASGM and TDSC in my portfolio?

ASGM and TDSC have a correlation of 0.80, 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 TDSC?

On fees, TDSC 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 TDSC?

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

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

ASGM has the higher dividend yield at 3.73%, compared with 2.03% for TDSC.

What is the main difference between ASGM and TDSC?

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