BSR vs. TDSB

Last updated Jun 5, 2026

BSR (Beacon Selective Risk ETF) and TDSB (Cabana Target Drawdown 7 ETF) are both Tactical Allocation funds. BSR is passively managed, while TDSB is actively managed. Over the past 3 years, BSR returned 7.80%/yr vs 8.91%/yr for TDSB. A 0.61 correlation means they provide meaningful diversification when combined. BSR charges 1.10%/yr vs 0.69%/yr for TDSB.

Performance

BSR vs. TDSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Beacon Selective Risk ETF (BSR) 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, BSR achieves a 3.50% return, which is significantly lower than TDSB's 4.87% return.

BSR

• 1D: 0.54%
• 1M: 0.56%
• YTD: 3.50%
• 6M: 3.43%
• 1Y: 11.82%
• 3Y*: 7.80%
• 5Y*: —
• 10Y*: —

TDSB

• 1D: 0.32%
• 1M: 0.57%
• YTD: 4.87%
• 6M: 5.00%
• 1Y: 14.94%
• 3Y*: 8.91%
• 5Y*: 2.22%
• 10Y*: —

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

BSR vs. TDSB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BSR Beacon Selective Risk ETF	3.50%	4.21%	12.44%	4.57%
TDSB Cabana Target Drawdown 7 ETF	4.87%	12.95%	3.56%	6.39%

Correlation

The correlation between BSR and TDSB is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (All Time) Calculated using the full available price history since Apr 19, 2023	0.61

The correlation between BSR and TDSB has been stable across timeframes, ranging from 0.61 to 0.64 - a consistent structural relationship.

BSR vs. TDSB - Sectors Allocation Comparison

Sectors	BSR	TDSB
Energy	14.3%	0.2%
Utilities	14.3%	33.1%
Consumer Defensive	12.8%	2.7%
Healthcare	12.3%	32.8%
Industrials	12.1%	1.0%
Real Estate	12.1%	0.0%
Basic Materials	11.4%	0.4%
Technology	9.2%	19.6%
Consumer Cyclical	1.5%	4.4%
Communication Services	0.1%	5.6%
Financial Services	0.1%	0.1%

Return for Risk

BSR vs. TDSB — Risk / Return Rank

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

BSR

BSR Risk / Return Rank: 38
BSR Sharpe Ratio Rank: 39
BSR Sortino Ratio Rank: 38
BSR Omega Ratio Rank: 38
BSR Calmar Ratio Rank: 40
BSR Martin Ratio Rank: 36

TDSB

TDSB Risk / Return Rank: 75
TDSB Sharpe Ratio Rank: 79
TDSB Sortino Ratio Rank: 78
TDSB Omega Ratio Rank: 82
TDSB Calmar Ratio Rank: 66
TDSB Martin Ratio Rank: 70

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.

BSR vs. TDSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Beacon Selective Risk ETF (BSR) 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.

	BSR	TDSB	Difference
Sharpe ratio: Return per unit of total volatility	1.37	2.51	-1.14
Sortino ratio: Return per unit of downside risk	1.92	3.45	-1.54
Omega ratio: Gain probability vs. loss probability	1.24	1.48	-0.24
Calmar ratio: Return relative to maximum drawdown	1.93	3.23	-1.30
Martin ratio: Return relative to average drawdown	5.48	12.83	-7.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BSR vs. TDSB - Sharpe Ratio Comparison

The current BSR Sharpe Ratio is 1.37, which is lower than the TDSB Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of BSR and TDSB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BSR	TDSB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	2.51	-1.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.30	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.32	+0.17

Drawdowns

BSR vs. TDSB - Drawdown Comparison

The maximum BSR drawdown since its inception was -15.68%, smaller than the maximum TDSB drawdown of -19.56%. Use the drawdown chart below to compare losses from any high point for BSR and TDSB.

Drawdown Indicators

	BSR	TDSB	Difference
Max Drawdown Largest peak-to-trough decline	-15.68%	-19.56%	+3.88%
Max Drawdown (1Y) Largest decline over 1 year	-6.15%	-4.64%	-1.51%
Max Drawdown (3Y) Largest decline over 3 years	-15.68%	-6.84%	-8.84%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.56%	—
Current Drawdown Current decline from peak	-4.32%	-0.59%	-3.73%
Average Drawdown Average peak-to-trough decline	-4.58%	-9.12%	+4.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	1.17%	+0.99%

Volatility

BSR vs. TDSB - Volatility Comparison

Beacon Selective Risk ETF (BSR) has a higher volatility of 2.18% compared to Cabana Target Drawdown 7 ETF (TDSB) at 1.63%. This indicates that BSR's price experiences larger fluctuations and is considered to be riskier than TDSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSR	TDSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.18%	1.63%	+0.55%
Volatility (6M) Calculated over the trailing 6-month period	6.41%	5.02%	+1.39%
Volatility (1Y) Calculated over the trailing 1-year period	8.66%	5.98%	+2.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.26%	7.32%	+8.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.26%	7.53%	+8.73%

BSR vs. TDSB - Expense Ratio Comparison

BSR has a 1.10% expense ratio, which is higher than TDSB's 0.69% expense ratio.

Dividends

BSR vs. TDSB - Dividend Comparison

BSR's dividend yield for the trailing twelve months is around 2.80%, more than TDSB's 2.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BSR Beacon Selective Risk ETF	2.80%	2.89%	0.89%	1.08%	0.00%	0.00%	0.00%
TDSB Cabana Target Drawdown 7 ETF	2.12%	1.93%	3.50%	2.77%	1.81%	1.75%	0.46%

Frequently Asked Questions

Can I hold both BSR and TDSB in my portfolio?

BSR and TDSB have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSR or TDSB?

BSR has higher volatility (2.18%) compared to TDSB (1.63%). In terms of maximum drawdown, BSR dropped -15.68% vs TDSB's -19.56%.

Which ETF is better, BSR or TDSB?

On 3-year performance, TDSB leads with 8.91% vs 7.80% for BSR. On fees, TDSB is cheaper at 0.69% per year. On volatility, TDSB has been the lower-risk option at 1.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSR or TDSB?

Over the 3-year period, TDSB has performed better with a 8.91% return vs 7.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSR or TDSB?

TDSB is cheaper with a 0.69% expense ratio, compared with 1.10% for BSR.

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

BSR has the higher dividend yield at 2.80%, compared with 2.12% for TDSB.

What is the main difference between BSR and TDSB?

They also come from different issuers: American Beacon and Exchange Traded Concepts. Their fees differ too: 1.10% for BSR and 0.69% for TDSB.

Which has better risk-adjusted returns?

TDSB currently has the higher Sharpe Ratio (2.51 vs 1.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.