EMQQ vs. TDSC

Last updated Jun 3, 2026

EMQQ (EMQQ The Emerging Markets Internet ETF) and TDSC (Cabana Target Drawdown 10 ETF) are both exchange-traded funds - EMQQ is a Emerging Markets Equities fund tracking the EMQQ The Emerging Markets Internet Index, while TDSC is a Tactical Allocation fund actively managed by Exchange Traded Concepts. EMQQ is passively managed, while TDSC is actively managed. Over the past 5 years, EMQQ returned -10.61%/yr vs 3.44%/yr for TDSC. At a 0.42 correlation, their price movements are largely independent. EMQQ charges 0.86%/yr vs 0.69%/yr for TDSC.

Performance

EMQQ vs. TDSC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in EMQQ The Emerging Markets Internet ETF (EMQQ) 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, EMQQ achieves a -17.59% return, which is significantly lower than TDSC's 11.58% return.

EMQQ

• 1D: 1.06%
• 1M: -3.20%
• YTD: -17.59%
• 6M: -19.58%
• 1Y: -13.29%
• 3Y*: 6.20%
• 5Y*: -10.61%
• 10Y*: 4.86%

TDSC

• 1D: 0.55%
• 1M: 3.52%
• YTD: 11.58%
• 6M: 11.52%
• 1Y: 20.40%
• 3Y*: 11.06%
• 5Y*: 3.44%
• 10Y*: —

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

EMQQ vs. TDSC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EMQQ EMQQ The Emerging Markets Internet ETF	-17.59%	20.66%	13.79%	4.48%	-30.70%	-32.53%	22.43%
TDSC Cabana Target Drawdown 10 ETF	11.58%	6.56%	7.10%	7.63%	-19.67%	14.81%	-0.11%

Correlation

The correlation between EMQQ and TDSC is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020	0.42

The correlation between EMQQ and TDSC shifts across timeframes, from 0.40 (5 years) to 0.51 (1 year), reflecting how their relationship changes across market environments.

EMQQ vs. TDSC - Sectors Allocation Comparison

Sectors	EMQQ	TDSC
Consumer Cyclical	33.1%	4.3%
Technology	8.2%	28.5%
Communication Services	6.8%	4.7%
Financial Services	3.6%	3.9%
Real Estate	2.7%	0.1%
Utilities	0.4%	15.0%
Industrials	0.3%	2.0%
Consumer Defensive	0.2%	3.4%
Healthcare	0.0%	19.9%
Basic Materials	-	0.7%
Energy	-	17.6%

Return for Risk

EMQQ vs. TDSC — Risk / Return Rank

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

EMQQ

EMQQ Risk / Return Rank: 4
EMQQ Sharpe Ratio Rank: 3
EMQQ Sortino Ratio Rank: 3
EMQQ Omega Ratio Rank: 3
EMQQ Calmar Ratio Rank: 5
EMQQ Martin Ratio Rank: 5

TDSC

TDSC Risk / Return Rank: 71
TDSC Sharpe Ratio Rank: 68
TDSC Sortino Ratio Rank: 70
TDSC Omega Ratio Rank: 67
TDSC Calmar Ratio Rank: 75
TDSC Martin Ratio Rank: 76

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.

EMQQ vs. TDSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for EMQQ The Emerging Markets Internet ETF (EMQQ) 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.

	EMQQ	TDSC	Difference
Sharpe ratio Return per unit of total volatility	-0.65	2.30	-2.96
Sortino ratio Return per unit of downside risk	-0.84	3.24	-4.08
Omega ratio Gain probability vs. loss probability	0.91	1.41	-0.50
Calmar ratio Return relative to maximum drawdown	-0.41	3.85	-4.27
Martin ratio Return relative to average drawdown	-0.83	15.00	-15.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMQQ vs. TDSC - Sharpe Ratio Comparison

The current EMQQ Sharpe Ratio is -0.65, which is lower than the TDSC Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of EMQQ and TDSC, 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

	EMQQ	TDSC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.65	2.30	-2.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.32	0.34	-0.66
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.41	-0.31

Drawdowns

EMQQ vs. TDSC - Drawdown Comparison

The maximum EMQQ drawdown since its inception was -73.24%, which is greater than TDSC's maximum drawdown of -21.51%. Use the drawdown chart below to compare losses from any high point for EMQQ and TDSC.

Drawdown Indicators

	EMQQ	TDSC	Difference
Max Drawdown Largest peak-to-trough decline	-73.24%	-21.51%	-51.73%
Max Drawdown (1Y) Largest decline over 1 year	-29.96%	-5.35%	-24.61%
Max Drawdown (3Y) Largest decline over 3 years	-29.96%	-14.24%	-15.72%
Max Drawdown (5Y) Largest decline over 5 years	-66.31%	-21.51%	-44.80%
Max Drawdown (10Y) Largest decline over 10 years	-73.24%	—	—
Current Drawdown Current decline from peak	-56.59%	0.00%	-56.59%
Average Drawdown Average peak-to-trough decline	-31.35%	-9.39%	-21.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.93%	1.37%	+13.56%

Volatility

EMQQ vs. TDSC - Volatility Comparison

EMQQ The Emerging Markets Internet ETF (EMQQ) has a higher volatility of 6.58% compared to Cabana Target Drawdown 10 ETF (TDSC) at 2.12%. This indicates that EMQQ's price experiences larger fluctuations and is considered to be riskier than TDSC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMQQ	TDSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.58%	2.12%	+4.46%
Volatility (6M) Calculated over the trailing 6-month period	16.17%	6.64%	+9.53%
Volatility (1Y) Calculated over the trailing 1-year period	20.46%	8.89%	+11.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.12%	10.28%	+22.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.60%	10.23%	+20.37%

EMQQ vs. TDSC - Expense Ratio Comparison

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

Dividends

EMQQ vs. TDSC - Dividend Comparison

EMQQ's dividend yield for the trailing twelve months is around 3.75%, more than TDSC's 2.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMQQ EMQQ The Emerging Markets Internet ETF	3.75%	3.09%	1.70%	0.79%	0.00%	0.00%	0.18%	1.29%	0.00%	0.94%	0.75%	0.08%
TDSC Cabana Target Drawdown 10 ETF	2.00%	2.92%	2.06%	2.06%	1.76%	1.11%	0.54%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EMQQ and TDSC in my portfolio?

EMQQ and TDSC have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMQQ or TDSC?

EMQQ has higher volatility (6.58%) compared to TDSC (2.12%). In terms of maximum drawdown, EMQQ dropped -73.24% vs TDSC's -21.51%.

Which ETF is better, EMQQ or TDSC?

On 5-year performance, TDSC leads with 3.44% vs -10.61% for EMQQ. On fees, TDSC is cheaper at 0.69% per year. On volatility, TDSC has been the lower-risk option at 2.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMQQ or TDSC?

Over the 5-year period, TDSC has performed better with a 3.44% return vs -10.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMQQ or TDSC?

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

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

EMQQ has the higher dividend yield at 3.75%, compared with 2.00% for TDSC.

What is the main difference between EMQQ and TDSC?

EMQQ is categorized as Emerging Markets Equities, while TDSC is Tactical Allocation. Their fees differ too: 0.86% for EMQQ and 0.69% for TDSC.

Which has better risk-adjusted returns?

TDSC currently has the higher Sharpe Ratio (2.30 vs -0.65), 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.