MDAA vs. CLSM

Last updated Jul 12, 2026

MDAA (Myriad Dynamic Asset Allocation ETF) and CLSM (Cabana Target Leading Sector Moderate ETF) are both exchange-traded funds - MDAA is a Diversified Portfolio fund actively managed by Myriad, while CLSM is a Tactical Allocation fund tracking the Actively Managed. MDAA is actively managed, while CLSM is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. MDAA charges 0.97%/yr vs 0.82%/yr for CLSM.

Performance

MDAA vs. CLSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Myriad Dynamic Asset Allocation ETF (MDAA) and Cabana Target Leading Sector Moderate ETF (CLSM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with MDAA having a 17.11% return and CLSM slightly higher at 17.55%.

MDAA

• 1D: 0.45%
• 1M: -0.45%
• 6M: 12.47%
• YTD: 17.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CLSM

• 1D: 0.46%
• 1M: -0.17%
• 6M: 15.17%
• YTD: 17.55%
• 1Y: 26.98%
• 3Y*: 12.70%
• 5Y*: —
• 10Y*: —

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

MDAA vs. CLSM - Yearly Performance Comparison

	2026 (YTD)	2025
MDAA Myriad Dynamic Asset Allocation ETF	17.11%	-0.25%
CLSM Cabana Target Leading Sector Moderate ETF	17.55%	1.49%

Correlation

The correlation between MDAA and CLSM is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 3, 2025	0.91

Return for Risk

MDAA vs. CLSM — Risk / Return Rank

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

MDAA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

CLSM

CLSM Risk / Return Rank: 74
CLSM Sharpe Ratio Rank: 74
CLSM Sortino Ratio Rank: 69
CLSM Omega Ratio Rank: 73
CLSM Calmar Ratio Rank: 77
CLSM Martin Ratio Rank: 77

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.

MDAA vs. CLSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Myriad Dynamic Asset Allocation ETF (MDAA) and Cabana Target Leading Sector Moderate ETF (CLSM). 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.

	MDAA	CLSM	Difference
Sharpe ratio: Return per unit of total volatility	—	1.89	—
Sortino ratio: Return per unit of downside risk	—	2.53	—
Omega ratio: Gain probability vs. loss probability	—	1.34	—
Calmar ratio: Return relative to maximum drawdown	—	3.14	—
Martin ratio: Return relative to average drawdown	—	11.57	—

Drawdowns

MDAA vs. CLSM - Drawdown Comparison

The maximum MDAA drawdown since its inception was -14.59%, smaller than the maximum CLSM drawdown of -27.77%. Use the drawdown chart below to compare losses from any high point for MDAA and CLSM.

Drawdown Indicators

	MDAA	CLSM	Difference
Max Drawdown Largest peak-to-trough decline	-14.59%	-27.77%	+13.18%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.50%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.60%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.77%	—
Current Drawdown Current decline from peak	-5.17%	-2.78%	-2.39%
Average Drawdown Average peak-to-trough decline	-3.21%	-16.21%	+13.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.30%	—

Volatility

Volatility by Period

	MDAA	CLSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.61%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.22%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.82%	14.12%	+10.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.82%	12.71%	+12.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.82%	12.71%	+12.11%

MDAA vs. CLSM - Expense Ratio Comparison

MDAA has a 0.97% expense ratio, which is higher than CLSM's 0.82% expense ratio.

Dividends

MDAA vs. CLSM - Dividend Comparison

MDAA's dividend yield for the trailing twelve months is around 0.39%, less than CLSM's 0.76% yield.

Position	TTM	2025	2024	2023	2022	2021
CLSM Cabana Target Leading Sector Moderate ETF	0.76%	0.90%	2.13%	2.58%	3.17%	0.59%
MDAA Myriad Dynamic Asset Allocation ETF	0.39%	0.46%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MDAA and CLSM in my portfolio?

With a correlation of 0.91, MDAA and CLSM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, MDAA or CLSM?

On fees, CLSM is cheaper at 0.82% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MDAA or CLSM?

CLSM is cheaper with a 0.82% expense ratio, compared with 0.97% for MDAA.

Which ETF pays a higher dividend yield, MDAA or CLSM?

CLSM has the higher dividend yield at 0.76%, compared with 0.39% for MDAA.

What is the main difference between MDAA and CLSM?

MDAA is categorized as Diversified Portfolio, while CLSM is Tactical Allocation. They also come from different issuers: Myriad and Cabana. Their fees differ too: 0.97% for MDAA and 0.82% for CLSM.