TDSA vs. GMMA

Last updated Jun 4, 2026

TDSA (Cabana Target Drawdown 5 ETF) and GMMA (GammaRoad Market Navigation ETF) are both Tactical Allocation funds - TDSA tracks the Actively Managed while GMMA tracks the MarketVector GammaRoad U.S. Equity Strategy Index. Both are passively managed. TDSA charges 0.83%/yr vs 0.75%/yr for GMMA.

Performance

TDSA vs. GMMA - Performance Comparison

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

GMMA

• 1D: -0.41%
• 1M: 3.45%
• YTD: 3.61%
• 6M: 3.75%
• 1Y: 10.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TDSA vs. GMMA - Yearly Performance Comparison

	2026 (YTD)
TDSA Cabana Target Drawdown 5 ETF	0.00%
GMMA GammaRoad Market Navigation ETF	2.48%

TDSA vs. GMMA - Sectors Allocation Comparison

Sectors	TDSA	GMMA
Real Estate	35.5%	1.9%
Technology	24.3%	35.6%
Consumer Cyclical	8.6%	10.1%
Industrials	6.7%	8.3%
Healthcare	6.7%	8.5%
Communication Services	6.5%	11.2%
Financial Services	4.7%	11.8%
Consumer Defensive	3.1%	4.9%
Energy	1.6%	3.5%
Basic Materials	1.2%	1.8%
Utilities	1.0%	2.4%

Return for Risk

TDSA vs. GMMA — Risk / Return Rank

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

GMMA

GMMA Risk / Return Rank: 65
GMMA Sharpe Ratio Rank: 62
GMMA Sortino Ratio Rank: 64
GMMA Omega Ratio Rank: 68
GMMA Calmar Ratio Rank: 66
GMMA Martin Ratio Rank: 63

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. GMMA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cabana Target Drawdown 5 ETF (TDSA) and GammaRoad Market Navigation ETF (GMMA). 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	GMMA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.09	—

Drawdowns

TDSA vs. GMMA - Drawdown Comparison

The maximum TDSA drawdown since its inception was 0.00%, smaller than the maximum GMMA drawdown of -5.21%. Use the drawdown chart below to compare losses from any high point for TDSA and GMMA.

Drawdown Indicators

	TDSA	GMMA	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-5.21%	+5.21%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.39%	—
Current Drawdown Current decline from peak	0.00%	-0.41%	+0.41%
Average Drawdown Average peak-to-trough decline	0.00%	-1.23%	+1.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.97%	—

Volatility

Volatility by Period

	TDSA	GMMA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.88%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.09%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	5.32%	-5.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	7.10%	-7.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	7.10%	-7.10%

TDSA vs. GMMA - Expense Ratio Comparison

TDSA has a 0.83% expense ratio, which is higher than GMMA's 0.75% expense ratio.

Dividends

TDSA vs. GMMA - Dividend Comparison

TDSA has not paid dividends to shareholders, while GMMA's dividend yield for the trailing twelve months is around 3.65%.

Position	TTM	2025	2024
GMMA GammaRoad Market Navigation ETF	3.65%	3.00%	0.57%
TDSA Cabana Target Drawdown 5 ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, TDSA or GMMA?

On fees, GMMA is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDSA or GMMA?

GMMA is cheaper with a 0.75% expense ratio, compared with 0.83% for TDSA.

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

GMMA has the higher dividend yield at 3.65%, compared with 0.00% for TDSA.

What is the main difference between TDSA and GMMA?

TDSA tracks Actively Managed, while GMMA tracks MarketVector GammaRoad U.S. Equity Strategy Index. They also come from different issuers: Cabana and GammaRoad Capital Partners. Their fees differ too: 0.83% for TDSA and 0.75% for GMMA.