TDSA vs. CLSM

Last updated Apr 2, 2026

Compare and contrast key facts about Cabana Target Drawdown 5 ETF (TDSA) and Cabana Target Leading Sector Moderate ETF (CLSM).

TDSA and CLSM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TDSA is a passively managed fund by Cabana that tracks the performance of the Actively Managed. It was launched on Sep 16, 2020. CLSM is a passively managed fund by Cabana that tracks the performance of the Actively Managed. It was launched on Jul 12, 2021. Both TDSA and CLSM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

TDSA vs. CLSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cabana Target Drawdown 5 ETF (TDSA) and Cabana Target Leading Sector Moderate ETF (CLSM). The values are adjusted to include any dividend payments, if applicable.

TDSA vs. CLSM - Yearly Performance Comparison

	2026 (YTD)
TDSA Cabana Target Drawdown 5 ETF	0.00%
CLSM Cabana Target Leading Sector Moderate ETF	-1.98%

Returns By Period

TDSA

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

CLSM

• 1D: 0.93%
• 1M: -3.36%
• YTD: 0.92%
• 6M: 2.51%
• 1Y: 12.61%
• 3Y*: 7.15%
• 5Y*: —
• 10Y*: —

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

TDSA vs. CLSM - Expense Ratio Comparison

TDSA has a 0.83% expense ratio, which is higher than CLSM's 0.82% expense ratio.

TDSA

Cabana Target Drawdown 5 ETF

CLSM

Cabana Target Leading Sector Moderate ETF

Return for Risk

TDSA vs. CLSM — Risk / Return Rank

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

CLSM

CLSM Risk / Return Rank: 37
CLSM Sharpe Ratio Rank: 39
CLSM Sortino Ratio Rank: 35
CLSM Omega Ratio Rank: 40
CLSM Calmar Ratio Rank: 33
CLSM Martin Ratio Rank: 37

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.

TDSA vs. CLSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cabana Target Drawdown 5 ETF (TDSA) 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.

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

Sharpe Ratios by Period

	TDSA	CLSM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.05	—

Dividends

TDSA vs. CLSM - Dividend Comparison

TDSA has not paid dividends to shareholders, while CLSM's dividend yield for the trailing twelve months is around 0.89%.

	TTM	2025	2024	2023	2022	2021
TDSA Cabana Target Drawdown 5 ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CLSM Cabana Target Leading Sector Moderate ETF	0.89%	0.90%	2.13%	2.58%	3.17%	0.59%

Drawdowns

TDSA vs. CLSM - Drawdown Comparison

The maximum TDSA drawdown since its inception was 0.00%, smaller than the maximum CLSM drawdown of -27.77%. Use the drawdown chart below to compare losses from any high point for TDSA and CLSM.

Drawdown Indicators

	TDSA	CLSM	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-27.77%	+27.77%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.86%	—
Current Drawdown Current decline from peak	0.00%	-6.91%	+6.91%
Average Drawdown Average peak-to-trough decline	0.00%	-17.04%	+17.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.19%	—

Volatility

Volatility by Period

	TDSA	CLSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.62%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	15.65%	-15.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	12.43%	-12.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	12.43%	-12.43%