TDSA vs. ELM

Last updated Jun 4, 2026

TDSA (Cabana Target Drawdown 5 ETF) and ELM (Elm Market Navigator ETF) are both Tactical Allocation funds. TDSA is passively managed, while ELM is actively managed. TDSA charges 0.83%/yr vs 0.24%/yr for ELM.

Performance

TDSA vs. ELM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cabana Target Drawdown 5 ETF (TDSA) and Elm Market Navigator ETF (ELM). 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*: —

ELM

• 1D: -0.58%
• 1M: 2.88%
• YTD: 7.56%
• 6M: 8.51%
• 1Y: 19.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TDSA vs. ELM - Yearly Performance Comparison

	2026 (YTD)
TDSA Cabana Target Drawdown 5 ETF	0.00%
ELM Elm Market Navigator ETF	3.90%

TDSA vs. ELM - Sectors Allocation Comparison

Sectors	TDSA	ELM
Real Estate	35.5%	4.7%
Technology	24.3%	22.0%
Consumer Cyclical	8.6%	9.1%
Industrials	6.7%	12.6%
Healthcare	6.7%	8.3%
Communication Services	6.5%	6.6%
Financial Services	4.7%	18.3%
Consumer Defensive	3.1%	5.2%
Energy	1.6%	4.8%
Basic Materials	1.2%	5.4%
Utilities	1.0%	3.0%

Return for Risk

TDSA vs. ELM — Risk / Return Rank

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

ELM

ELM Risk / Return Rank: 63
ELM Sharpe Ratio Rank: 64
ELM Sortino Ratio Rank: 66
ELM Omega Ratio Rank: 67
ELM Calmar Ratio Rank: 54
ELM Martin Ratio Rank: 62

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. ELM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cabana Target Drawdown 5 ETF (TDSA) and Elm Market Navigator ETF (ELM). 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	ELM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.13	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.49	—

Drawdowns

TDSA vs. ELM - Drawdown Comparison

The maximum TDSA drawdown since its inception was 0.00%, smaller than the maximum ELM drawdown of -9.02%. Use the drawdown chart below to compare losses from any high point for TDSA and ELM.

Drawdown Indicators

	TDSA	ELM	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-9.02%	+9.02%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.52%	—
Current Drawdown Current decline from peak	0.00%	-0.58%	+0.58%
Average Drawdown Average peak-to-trough decline	0.00%	-1.32%	+1.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.81%	—

Volatility

Volatility by Period

	TDSA	ELM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.59%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.52%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	9.38%	-9.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	10.27%	-10.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	10.27%	-10.27%

TDSA vs. ELM - Expense Ratio Comparison

TDSA has a 0.83% expense ratio, which is higher than ELM's 0.24% expense ratio.

Dividends

TDSA vs. ELM - Dividend Comparison

TDSA has not paid dividends to shareholders, while ELM's dividend yield for the trailing twelve months is around 2.52%.

Position	TTM	2025
ELM Elm Market Navigator ETF	2.52%	2.71%
TDSA Cabana Target Drawdown 5 ETF	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, TDSA or ELM?

On fees, ELM is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDSA or ELM?

ELM is cheaper with a 0.24% expense ratio, compared with 0.83% for TDSA.

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

ELM has the higher dividend yield at 2.52%, compared with 0.00% for TDSA.

What is the main difference between TDSA and ELM?

They also come from different issuers: Cabana and Elm. Their fees differ too: 0.83% for TDSA and 0.24% for ELM.