TABD vs. TCV

Last updated Jul 30, 2026

TABD (Transamerica Bond Active ETF) and TCV (Towle Value ETF) are both exchange-traded funds - TABD is a Actively Managed fund actively managed by Transamerica, while TCV is a Small Cap Value Equities fund actively managed by Towle. Both are actively managed. Their 0.33 correlation means their historical movements had little consistent relationship. TABD charges 0.39%/yr vs 0.85%/yr for TCV.

Performance

TABD vs. TCV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Transamerica Bond Active ETF (TABD) and Towle Value ETF (TCV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TABD achieves a 0.12% return, which is significantly lower than TCV's 27.04% return.

TABD

• 1D: -0.33%
• 1M: -1.41%
• 6M: -0.23%
• YTD: 0.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

TCV

• 1D: -1.38%
• 1M: 1.82%
• 6M: 15.50%
• YTD: 27.04%
• 1Y: 33.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 29.74%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TABD Transamerica Bond Active ETF	$3.48K	$4.17K	$17.31K
TCV Towle Value ETF	$910.76K	$643.64K	$380.38K

TABD vs. TCV - Yearly Performance Comparison

	2026 (YTD)	2025
TABD Transamerica Bond Active ETF	0.12%	0.35%
TCV Towle Value ETF	27.04%	-3.15%

Correlation

The correlation between TABD and TCV is 0.33, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025	0.33

Return for Risk

TABD vs. TCV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TABD

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

TCV

TCV Risk / Return Rank: 74
TCV Sharpe Ratio Rank: 74
TCV Sortino Ratio Rank: 73
TCV Omega Ratio Rank: 68
TCV Calmar Ratio Rank: 79
TCV Martin Ratio Rank: 74

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TABD vs. TCV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Transamerica Bond Active ETF (TABD) and Towle Value ETF (TCV). 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.

	TABD	TCV	Difference
Sharpe ratio: Return per unit of total volatility	—	1.61	—
Sortino ratio: Return per unit of downside risk	—	2.29	—
Omega ratio: Gain probability vs. loss probability	—	1.27	—
Calmar ratio: Return relative to maximum drawdown	—	2.74	—
Martin ratio: Return relative to average drawdown	—	8.79	—

Drawdowns

TABD vs. TCV - Drawdown Comparison

The maximum TABD drawdown since its inception was -3.01%, smaller than the maximum TCV drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for TABD and TCV.

Drawdown Indicators

	TABD	TCV	Difference
Max Drawdown Largest peak-to-trough decline	-3.01%	-12.23%	+9.22%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.13%	—
Current Drawdown Current decline from peak	-1.95%	-2.57%	+0.62%
Average Drawdown Average peak-to-trough decline	-1.06%	-3.23%	+2.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.90%	—

Volatility

Volatility by Period

	TABD	TCV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.69%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.66%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.83%	20.70%	-16.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.83%	21.07%	-17.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.83%	21.07%	-17.24%

TABD vs. TCV - Expense Ratio Comparison

TABD has a 0.39% expense ratio, which is lower than TCV's 0.85% expense ratio.

Dividends

TABD vs. TCV - Dividend Comparison

TABD's dividend yield for the trailing twelve months is around 2.56%, more than TCV's 0.57% yield.

Position	TTM	2025
TABD Transamerica Bond Active ETF	2.56%	0.15%
TCV Towle Value ETF	0.57%	0.31%

Frequently Asked Questions

Can I hold both TABD and TCV in my portfolio?

TABD and TCV have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TABD or TCV?

On fees, TABD is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TABD or TCV?

TABD is cheaper with a 0.39% expense ratio, compared with 0.85% for TCV.

Which ETF pays a higher dividend yield, TABD or TCV?

TABD has the higher dividend yield at 2.56%, compared with 0.57% for TCV.

What is the main difference between TABD and TCV?

TABD is categorized as Actively Managed, while TCV is Small Cap Value Equities. They also come from different issuers: Transamerica and Towle. Their fees differ too: 0.39% for TABD and 0.85% for TCV.