DUST vs. TDSB
DUST (Direxion Daily Gold Miners Bear 2X Shares) and TDSB (Cabana Target Drawdown 7 ETF) are both exchange-traded funds - DUST is a Leveraged Equities fund tracking the NYSE Arca Gold Miners Index (-300%), while TDSB is a Tactical Allocation fund actively managed by Exchange Traded Concepts. DUST is passively managed, while TDSB is actively managed. Over the past 5 years, DUST returned -48.30%/yr vs 1.78%/yr for TDSB. At a correlation of -0.38, they often move in opposite directions. DUST charges 1.07%/yr vs 0.69%/yr for TDSB.
Performance
DUST vs. TDSB - Performance Comparison
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Returns By Period
In the year-to-date period, DUST achieves a -17.98% return, which is significantly lower than TDSB's 3.08% return.
DUST
- 1D
- 8.73%
- 1M
- 10.22%
- YTD
- -17.98%
- 6M
- -9.99%
- 1Y
- -73.95%
- 3Y*
- -62.05%
- 5Y*
- -48.30%
- 10Y*
- -52.03%
TDSB
- 1D
- -0.42%
- 1M
- -1.51%
- YTD
- 3.08%
- 6M
- 2.72%
- 1Y
- 12.62%
- 3Y*
- 8.44%
- 5Y*
- 1.78%
- 10Y*
- —
DUST vs. TDSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DUST Direxion Daily Gold Miners Bear 2X Shares | -17.98% | -88.72% | -29.51% | -27.63% | -22.70% | -4.82% | 22.84% |
TDSB Cabana Target Drawdown 7 ETF | 3.08% | 12.95% | 3.56% | 4.71% | -16.83% | 8.44% | -1.46% |
Correlation
The correlation between DUST and TDSB is -0.71, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.38 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | -0.38 |
Over the past year, the inverse relationship between DUST and TDSB has strengthened: their correlation has moved from -0.38 to -0.71, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
DUST vs. TDSB — Risk / Return Rank
DUST
TDSB
DUST vs. TDSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Gold Miners Bear 2X Shares (DUST) 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.
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.
| DUST | TDSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.79 | ||
| Sortino ratioReturn per unit of downside risk | -4.16 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.38 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 2.73 | -3.59 |
| Martin ratioReturn relative to average drawdown | -1.13 | 10.22 | -11.36 |
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Drawdowns
DUST vs. TDSB - Drawdown Comparison
The maximum DUST drawdown since its inception was -100.00%, which is greater than TDSB's maximum drawdown of -19.56%. Use the drawdown chart below to compare losses from any high point for DUST and TDSB.
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Drawdown Indicators
| DUST | TDSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -19.56% | -80.44% |
Max Drawdown (1Y)Largest decline over 1 year | -86.15% | -4.64% | -81.51% |
Max Drawdown (3Y)Largest decline over 3 years | -97.55% | -6.84% | -90.71% |
Max Drawdown (5Y)Largest decline over 5 years | -98.68% | -19.56% | -79.12% |
Max Drawdown (10Y)Largest decline over 10 years | -99.98% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -2.29% | -97.71% |
Average DrawdownAverage peak-to-trough decline | -83.38% | -9.07% | -74.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 65.24% | 1.24% | +64.00% |
Volatility
DUST vs. TDSB - Volatility Comparison
Direxion Daily Gold Miners Bear 2X Shares (DUST) has a higher volatility of 34.13% compared to Cabana Target Drawdown 7 ETF (TDSB) at 2.29%. This indicates that DUST'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.
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Volatility by Period
| DUST | TDSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 34.13% | 2.29% | +31.84% |
Volatility (6M)Calculated over the trailing 6-month period | 77.03% | 5.38% | +71.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 94.59% | 6.32% | +88.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.10% | 7.36% | +65.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 87.25% | 7.55% | +79.70% |
DUST vs. TDSB - Expense Ratio Comparison
DUST has a 1.07% expense ratio, which is higher than TDSB's 0.69% expense ratio.
Dividends
DUST vs. TDSB - Dividend Comparison
DUST's dividend yield for the trailing twelve months is around 7.95%, more than TDSB's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DUST Direxion Daily Gold Miners Bear 2X Shares | 7.95% | 12.51% | 4.99% | 4.47% | 0.00% | 0.00% | 3.60% | 2.50% | 0.37% |
TDSB Cabana Target Drawdown 7 ETF | 2.16% | 1.93% | 3.50% | 2.77% | 1.81% | 1.75% | 0.46% | 0.00% | 0.00% |
Frequently Asked Questions
DUST and TDSB have a correlation of -0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DUST has higher volatility (34.13%) compared to TDSB (2.29%). In terms of maximum drawdown, DUST dropped -100.00% vs TDSB's -19.56%.
On 5-year performance, TDSB leads with 1.78% vs -48.30% for DUST. On fees, TDSB is cheaper at 0.69% per year. On volatility, TDSB has been the lower-risk option at 2.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, TDSB has performed better with a 1.78% return vs -48.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TDSB is cheaper with a 0.69% expense ratio, compared with 1.07% for DUST.
DUST has the higher dividend yield at 7.95%, compared with 2.16% for TDSB.
DUST is categorized as Leveraged Equities, while TDSB is Tactical Allocation. They also come from different issuers: Direxion and Exchange Traded Concepts. Their fees differ too: 1.07% for DUST and 0.69% for TDSB.
TDSB currently has the higher Sharpe Ratio (2.00 vs -0.78), 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.
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