TDSB vs. ACLO

Last updated Jun 23, 2026

TDSB (Cabana Target Drawdown 7 ETF) and ACLO (TCW AAA CLO ETF) are both exchange-traded funds - TDSB is a Tactical Allocation fund actively managed by Exchange Traded Concepts, while ACLO is a CLO fund actively managed by TCW. Both are actively managed. Over the past year, TDSB returned 13.33% vs 5.31% for ACLO. At a 0.07 correlation, their price movements are largely independent. TDSB charges 0.69%/yr vs 0.20%/yr for ACLO.

Performance

TDSB vs. ACLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cabana Target Drawdown 7 ETF (TDSB) and TCW AAA CLO ETF (ACLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TDSB achieves a 3.51% return, which is significantly higher than ACLO's 2.41% return.

TDSB

• 1D: -0.16%
• 1M: -1.10%
• YTD: 3.51%
• 6M: 3.34%
• 1Y: 13.33%
• 3Y*: 8.59%
• 5Y*: 1.93%
• 10Y*: —

ACLO

• 1D: 0.00%
• 1M: 0.41%
• YTD: 2.41%
• 6M: 2.53%
• 1Y: 5.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TDSB vs. ACLO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TDSB Cabana Target Drawdown 7 ETF	3.51%	12.95%	-1.97%
ACLO TCW AAA CLO ETF	2.41%	5.32%	0.81%

Correlation

The correlation between TDSB and ACLO is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.03
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024	0.07

Return for Risk

TDSB vs. ACLO — Risk / Return Rank

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

TDSB

TDSB Risk / Return Rank: 65
TDSB Sharpe Ratio Rank: 67
TDSB Sortino Ratio Rank: 65
TDSB Omega Ratio Rank: 70
TDSB Calmar Ratio Rank: 60
TDSB Martin Ratio Rank: 62

ACLO

ACLO Risk / Return Rank: 99
ACLO Sharpe Ratio Rank: 99
ACLO Sortino Ratio Rank: 99
ACLO Omega Ratio Rank: 99
ACLO Calmar Ratio Rank: 99
ACLO Martin Ratio Rank: 99

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.

TDSB vs. ACLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cabana Target Drawdown 7 ETF (TDSB) and TCW AAA CLO ETF (ACLO). 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.

	TDSB	ACLO	Difference
Sharpe ratio: Return per unit of total volatility	2.12	7.32	-5.20
Sortino ratio: Return per unit of downside risk	2.89	15.16	-12.27
Omega ratio: Gain probability vs. loss probability	1.40	3.44	-2.04
Calmar ratio: Return relative to maximum drawdown	2.88	19.90	-17.02
Martin ratio: Return relative to average drawdown	10.87	165.46	-154.59

TDSB vs. ACLO - Sharpe Ratio Comparison

The current TDSB Sharpe Ratio is 2.12, which is lower than the ACLO Sharpe Ratio of 7.32. The chart below compares the historical Sharpe Ratios of TDSB and ACLO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TDSB vs. ACLO - Drawdown Comparison

The maximum TDSB drawdown since its inception was -19.56%, which is greater than ACLO's maximum drawdown of -1.01%. Use the drawdown chart below to compare losses from any high point for TDSB and ACLO.

Drawdown Indicators

	TDSB	ACLO	Difference
Max Drawdown Largest peak-to-trough decline	-19.56%	-1.01%	-18.55%
Max Drawdown (1Y) Largest decline over 1 year	-4.64%	-0.27%	-4.37%
Max Drawdown (3Y) Largest decline over 3 years	-6.84%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.56%	—	—
Current Drawdown Current decline from peak	-1.88%	0.00%	-1.88%
Average Drawdown Average peak-to-trough decline	-9.07%	-0.04%	-9.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.23%	0.03%	+1.20%

Volatility

TDSB vs. ACLO - Volatility Comparison

Cabana Target Drawdown 7 ETF (TDSB) has a higher volatility of 2.27% compared to TCW AAA CLO ETF (ACLO) at 0.19%. This indicates that TDSB's price experiences larger fluctuations and is considered to be riskier than ACLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TDSB	ACLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.27%	0.19%	+2.08%
Volatility (6M) Calculated over the trailing 6-month period	5.37%	0.58%	+4.79%
Volatility (1Y) Calculated over the trailing 1-year period	6.32%	0.73%	+5.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.36%	1.07%	+6.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.55%	1.07%	+6.48%

TDSB vs. ACLO - Expense Ratio Comparison

TDSB has a 0.69% expense ratio, which is higher than ACLO's 0.20% expense ratio.

Dividends

TDSB vs. ACLO - Dividend Comparison

TDSB's dividend yield for the trailing twelve months is around 2.15%, less than ACLO's 4.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ACLO TCW AAA CLO ETF	4.90%	4.87%	0.59%	0.00%	0.00%	0.00%	0.00%
TDSB Cabana Target Drawdown 7 ETF	2.15%	1.93%	3.50%	2.77%	1.81%	1.75%	0.46%

Frequently Asked Questions

Can I hold both TDSB and ACLO in my portfolio?

TDSB and ACLO have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TDSB or ACLO?

TDSB has higher volatility (2.27%) compared to ACLO (0.19%). In terms of maximum drawdown, TDSB dropped -19.56% vs ACLO's -1.01%.

Which ETF is better, TDSB or ACLO?

On 1-year performance, TDSB leads with 13.33% vs 5.31% for ACLO. On fees, ACLO is cheaper at 0.20% per year. On volatility, ACLO has been the lower-risk option at 0.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TDSB or ACLO?

Over the 1-year period, TDSB has performed better with a 13.33% return vs 5.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDSB or ACLO?

ACLO is cheaper with a 0.20% expense ratio, compared with 0.69% for TDSB.

Which ETF pays a higher dividend yield, TDSB or ACLO?

ACLO has the higher dividend yield at 4.90%, compared with 2.15% for TDSB.

What is the main difference between TDSB and ACLO?

TDSB is categorized as Tactical Allocation, while ACLO is CLO. They also come from different issuers: Exchange Traded Concepts and TCW. Their fees differ too: 0.69% for TDSB and 0.20% for ACLO.

Which has better risk-adjusted returns?

ACLO currently has the higher Sharpe Ratio (7.32 vs 2.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.