TDSA vs. ASGM

Last updated Jun 4, 2026

TDSA (Cabana Target Drawdown 5 ETF) and ASGM (Virtus AlphaSimplex Global Macro ETF) are both Tactical Allocation funds. TDSA is passively managed, while ASGM is actively managed. TDSA charges 0.83%/yr vs 0.86%/yr for ASGM.

Performance

TDSA vs. ASGM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cabana Target Drawdown 5 ETF (TDSA) and Virtus AlphaSimplex Global Macro ETF (ASGM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TDSA

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASGM

• 1D: -0.53%
• 1M: 7.21%
• YTD: 22.52%
• 6M: 24.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TDSA vs. ASGM - Yearly Performance Comparison

	2026 (YTD)
TDSA Cabana Target Drawdown 5 ETF	0.00%
ASGM Virtus AlphaSimplex Global Macro ETF	14.80%

Return for Risk

TDSA vs. ASGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cabana Target Drawdown 5 ETF (TDSA) and Virtus AlphaSimplex Global Macro ETF (ASGM). 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.

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

Sharpe Ratios by Period

	TDSA	ASGM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	2.95	—

Drawdowns

TDSA vs. ASGM - Drawdown Comparison

The maximum TDSA drawdown since its inception was 0.00%, smaller than the maximum ASGM drawdown of -6.62%. Use the drawdown chart below to compare losses from any high point for TDSA and ASGM.

Drawdown Indicators

	TDSA	ASGM	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-6.62%	+6.62%
Current Drawdown Current decline from peak	0.00%	-0.53%	+0.53%
Average Drawdown Average peak-to-trough decline	0.00%	-1.22%	+1.22%

Volatility

Volatility by Period

	TDSA	ASGM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	15.67%	-15.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	15.67%	-15.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	15.67%	-15.67%

TDSA vs. ASGM - Expense Ratio Comparison

TDSA has a 0.83% expense ratio, which is lower than ASGM's 0.86% expense ratio.

Dividends

TDSA vs. ASGM - Dividend Comparison

TDSA has not paid dividends to shareholders, while ASGM's dividend yield for the trailing twelve months is around 3.69%.

Position	TTM	2025
ASGM Virtus AlphaSimplex Global Macro ETF	3.69%	4.52%
TDSA Cabana Target Drawdown 5 ETF	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, TDSA or ASGM?

On fees, TDSA is cheaper at 0.83% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDSA or ASGM?

TDSA is cheaper with a 0.83% expense ratio, compared with 0.86% for ASGM.

Which ETF pays a higher dividend yield, TDSA or ASGM?

ASGM has the higher dividend yield at 3.69%, compared with 0.00% for TDSA.

What is the main difference between TDSA and ASGM?

They also come from different issuers: Cabana and Virtus. Their fees differ too: 0.83% for TDSA and 0.86% for ASGM.