GDXD vs. TDSB
GDXD (MicroSectors Gold Miners -3X Inverse Leveraged ETNs) and TDSB (Cabana Target Drawdown 7 ETF) are both exchange-traded funds - GDXD is a Inverse Equities fund tracking the S-Network MicroSectors Gold Miners Index - Benchmark TR Gross (-300%), while TDSB is a Tactical Allocation fund actively managed by Exchange Traded Concepts. GDXD is passively managed, while TDSB is actively managed. Over the past 5 years, GDXD returned -73.69%/yr vs 1.78%/yr for TDSB. At a correlation of -0.38, they often move in opposite directions. GDXD charges 0.95%/yr vs 0.69%/yr for TDSB.
Performance
GDXD vs. TDSB - Performance Comparison
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Returns By Period
In the year-to-date period, GDXD achieves a -44.09% return, which is significantly lower than TDSB's 3.08% return.
GDXD
- 1D
- 14.60%
- 1M
- 10.85%
- YTD
- -44.09%
- 6M
- -36.28%
- 1Y
- -92.07%
- 3Y*
- -84.34%
- 5Y*
- -73.69%
- 10Y*
- —
TDSB
- 1D
- -0.42%
- 1M
- -1.51%
- YTD
- 3.08%
- 6M
- 2.72%
- 1Y
- 12.62%
- 3Y*
- 8.44%
- 5Y*
- 1.78%
- 10Y*
- —
GDXD vs. TDSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GDXD MicroSectors Gold Miners -3X Inverse Leveraged ETNs | -44.09% | -97.53% | -57.78% | -52.35% | -52.56% | -19.71% | -13.10% |
TDSB Cabana Target Drawdown 7 ETF | 3.08% | 12.95% | 3.56% | 4.71% | -16.83% | 8.44% | 0.97% |
Correlation
The correlation between GDXD and TDSB is -0.70, 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 | -0.70 |
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 Dec 3, 2020 | -0.38 |
Over the past year, the inverse relationship between GDXD and TDSB has strengthened: their correlation has moved from -0.38 to -0.70, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
GDXD vs. TDSB — Risk / Return Rank
GDXD
TDSB
GDXD vs. TDSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) 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.
| GDXD | TDSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.65 | ||
| Sortino ratioReturn per unit of downside risk | -4.31 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.38 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 2.73 | -3.69 |
| Martin ratioReturn relative to average drawdown | -1.17 | 10.22 | -11.39 |
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Drawdowns
GDXD vs. TDSB - Drawdown Comparison
The maximum GDXD drawdown since its inception was -99.96%, which is greater than TDSB's maximum drawdown of -19.56%. Use the drawdown chart below to compare losses from any high point for GDXD and TDSB.
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Drawdown Indicators
| GDXD | TDSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -19.56% | -80.40% |
Max Drawdown (1Y)Largest decline over 1 year | -96.33% | -4.64% | -91.69% |
Max Drawdown (3Y)Largest decline over 3 years | -99.86% | -6.84% | -93.02% |
Max Drawdown (5Y)Largest decline over 5 years | -99.96% | -19.56% | -80.40% |
Current DrawdownCurrent decline from peak | -99.92% | -2.29% | -97.63% |
Average DrawdownAverage peak-to-trough decline | -72.06% | -9.07% | -62.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 78.80% | 1.24% | +77.56% |
Volatility
GDXD vs. TDSB - Volatility Comparison
MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) has a higher volatility of 53.31% compared to Cabana Target Drawdown 7 ETF (TDSB) at 2.29%. This indicates that GDXD'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
| GDXD | TDSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 53.31% | 2.29% | +51.02% |
Volatility (6M)Calculated over the trailing 6-month period | 117.73% | 5.38% | +112.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 143.27% | 6.32% | +136.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 111.54% | 7.36% | +104.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 110.62% | 7.55% | +103.07% |
GDXD vs. TDSB - Expense Ratio Comparison
GDXD has a 0.95% expense ratio, which is higher than TDSB's 0.69% expense ratio.
Dividends
GDXD vs. TDSB - Dividend Comparison
GDXD has not paid dividends to shareholders, while TDSB's dividend yield for the trailing twelve months is around 2.16%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GDXD MicroSectors Gold Miners -3X Inverse Leveraged ETNs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TDSB Cabana Target Drawdown 7 ETF | 2.16% | 1.93% | 3.50% | 2.77% | 1.81% | 1.75% | 0.46% |
Frequently Asked Questions
GDXD and TDSB have a correlation of -0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDXD has higher volatility (53.31%) compared to TDSB (2.29%). In terms of maximum drawdown, GDXD dropped -99.96% vs TDSB's -19.56%.
On 5-year performance, TDSB leads with 1.78% vs -73.69% for GDXD. 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 -73.69%. 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 0.95% for GDXD.
TDSB has the higher dividend yield at 2.16%, compared with 0.00% for GDXD.
GDXD is categorized as Inverse Equities, while TDSB is Tactical Allocation. They also come from different issuers: BMO and Exchange Traded Concepts. Their fees differ too: 0.95% for GDXD and 0.69% for TDSB.
TDSB currently has the higher Sharpe Ratio (2.00 vs -0.64), 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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