GLL vs. TDSB
GLL (ProShares UltraShort Gold) and TDSB (Cabana Target Drawdown 7 ETF) are both exchange-traded funds - GLL is a Leveraged Commodities fund tracking the Bloomberg Gold (-200%), while TDSB is a Tactical Allocation fund actively managed by Exchange Traded Concepts. GLL is passively managed, while TDSB is actively managed. Over the past 5 years, GLL returned -27.47%/yr vs 1.32%/yr for TDSB. Their -0.35 correlation means they have often moved in opposite directions in the past. GLL charges 0.95%/yr vs 0.69%/yr for TDSB.
Performance
GLL vs. TDSB - Performance Comparison
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Returns By Period
In the year-to-date period, GLL achieves a 1.34% return, which is significantly lower than TDSB's 2.89% return.
GLL
- 1D
- 3.15%
- 1M
- 3.39%
- 6M
- 33.97%
- YTD
- 1.34%
- 1Y
- -39.14%
- 3Y*
- -38.51%
- 5Y*
- -27.47%
- 10Y*
- -20.49%
- ALL TIME*
- -21.77%
TDSB
- 1D
- -0.32%
- 1M
- -0.92%
- 6M
- 0.83%
- YTD
- 2.89%
- 1Y
- 10.85%
- 3Y*
- 7.90%
- 5Y*
- 1.32%
- 10Y*
- —
- ALL TIME*
- 1.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $38.26M | $37.47M | $59.93M | |
| $51.73K | $264.46K | $138.96K |
GLL vs. TDSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GLL ProShares UltraShort Gold | 1.34% | -62.81% | -33.33% | -14.91% | -2.12% | 1.66% | 3.98% |
TDSB Cabana Target Drawdown 7 ETF | 2.89% | 12.95% | 3.56% | 4.71% | -16.83% | 8.44% | -1.46% |
Correlation
The correlation between GLL and TDSB is -0.78, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.78 |
Correlation (3Y) Balances recent behavior with more history. | -0.46 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.35 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | -0.35 |
Over the past year, the inverse relationship between GLL and TDSB has strengthened: their correlation has moved from -0.35 to -0.78, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
GLL vs. TDSB — Risk / Return Rank
GLL
TDSB
GLL vs. TDSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Gold (GLL) 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.
| GLL | TDSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.51 | ||
| Sortino ratioReturn per unit of downside risk | -3.48 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.32 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | 2.43 | -3.08 |
| Martin ratioReturn relative to average drawdown | -0.94 | 8.19 | -9.13 |
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Drawdowns
GLL vs. TDSB - Drawdown Comparison
The maximum GLL drawdown since its inception was -99.24%, which is greater than TDSB's maximum drawdown of -19.56%. Use the drawdown chart below to compare losses from any high point for GLL and TDSB.
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Drawdown Indicators
| GLL | TDSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.24% | -19.56% | -79.68% |
Max Drawdown (1Y)Largest decline over 1 year | -64.23% | -4.64% | -59.59% |
Max Drawdown (3Y)Largest decline over 3 years | -87.95% | -6.84% | -81.11% |
Max Drawdown (5Y)Largest decline over 5 years | -89.76% | -19.56% | -70.20% |
Max Drawdown (10Y)Largest decline over 10 years | -95.76% | — | — |
Current DrawdownCurrent decline from peak | -98.74% | -2.46% | -96.28% |
Average DrawdownAverage peak-to-trough decline | -85.23% | -8.93% | -76.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.60% | 1.37% | +43.23% |
Volatility
GLL vs. TDSB - Volatility Comparison
ProShares UltraShort Gold (GLL) has a higher volatility of 12.63% compared to Cabana Target Drawdown 7 ETF (TDSB) at 1.37%. This indicates that GLL'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
| GLL | TDSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.63% | 1.37% | +11.26% |
Volatility (6M)Calculated over the trailing 6-month period | 45.01% | 5.33% | +39.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.39% | 6.41% | +48.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.88% | 7.34% | +29.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.48% | 7.51% | +24.97% |
GLL vs. TDSB - Expense Ratio Comparison
GLL has a 0.95% expense ratio, which is higher than TDSB's 0.69% expense ratio.
Dividends
GLL vs. TDSB - Dividend Comparison
GLL has not paid dividends to shareholders, while TDSB's dividend yield for the trailing twelve months is around 2.30%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GLL ProShares UltraShort Gold | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TDSB Cabana Target Drawdown 7 ETF | 2.30% | 1.93% | 3.50% | 2.77% | 1.81% | 1.75% | 0.46% |
Frequently Asked Questions
GLL and TDSB have a correlation of -0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLL has higher volatility (12.63%) compared to TDSB (1.37%). In terms of maximum drawdown, GLL dropped -99.24% vs TDSB's -19.56%.
On 5-year performance, TDSB leads with 1.32% vs -27.47% for GLL. On fees, TDSB is cheaper at 0.69% per year. On volatility, TDSB has been the lower-risk option at 1.37%. 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 1.32% return vs -27.47%. 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 GLL.
TDSB has the higher dividend yield at 2.30%, compared with 0.00% for GLL.
GLL is categorized as Leveraged Commodities, while TDSB is Tactical Allocation. They also come from different issuers: ProShares and Exchange Traded Concepts. Their fees differ too: 0.95% for GLL and 0.69% for TDSB.
TDSB currently has the higher Sharpe Ratio (1.76 vs -0.75), 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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