TDSB vs. ALLW

Last updated Jun 24, 2026

TDSB (Cabana Target Drawdown 7 ETF) and ALLW (State Street Bridgewater All Weather ETF) are both Tactical Allocation funds. Both are actively managed. Over the past year, TDSB returned 12.62% vs 17.58% for ALLW. A 0.79 correlation means they provide meaningful diversification when combined. TDSB charges 0.69%/yr vs 0.85%/yr for ALLW.

Performance

TDSB vs. ALLW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cabana Target Drawdown 7 ETF (TDSB) and State Street Bridgewater All Weather ETF (ALLW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TDSB achieves a 3.08% return, which is significantly lower than ALLW's 5.97% return.

TDSB

• 1D: -0.42%
• 1M: -1.51%
• YTD: 3.08%
• 6M: 2.72%
• 1Y: 12.62%
• 3Y*: 8.44%
• 5Y*: 1.78%
• 10Y*: —

ALLW

• 1D: -1.02%
• 1M: -2.41%
• YTD: 5.97%
• 6M: 5.04%
• 1Y: 17.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TDSB vs. ALLW - Yearly Performance Comparison

	2026 (YTD)	2025
TDSB Cabana Target Drawdown 7 ETF	3.08%	10.63%
ALLW State Street Bridgewater All Weather ETF	5.97%	15.44%

Correlation

The correlation between TDSB and ALLW is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025	0.79

The correlation between TDSB and ALLW has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.

Return for Risk

TDSB vs. ALLW — Risk / Return Rank

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

TDSB

TDSB Risk / Return Rank: 64
TDSB Sharpe Ratio Rank: 67
TDSB Sortino Ratio Rank: 64
TDSB Omega Ratio Rank: 69
TDSB Calmar Ratio Rank: 60
TDSB Martin Ratio Rank: 61

ALLW

ALLW Risk / Return Rank: 50
ALLW Sharpe Ratio Rank: 48
ALLW Sortino Ratio Rank: 45
ALLW Omega Ratio Rank: 47
ALLW Calmar Ratio Rank: 51
ALLW Martin Ratio Rank: 57

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. ALLW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cabana Target Drawdown 7 ETF (TDSB) and State Street Bridgewater All Weather ETF (ALLW). 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	ALLW	Difference
Sharpe ratio: Return per unit of total volatility	2.00	1.60	+0.41
Sortino ratio: Return per unit of downside risk	2.74	2.16	+0.57
Omega ratio: Gain probability vs. loss probability	1.38	1.29	+0.09
Calmar ratio: Return relative to maximum drawdown	2.73	2.44	+0.29
Martin ratio: Return relative to average drawdown	10.22	9.71	+0.51

TDSB vs. ALLW - Sharpe Ratio Comparison

The current TDSB Sharpe Ratio is 2.00, which is comparable to the ALLW Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of TDSB and ALLW, 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. ALLW - Drawdown Comparison

The maximum TDSB drawdown since its inception was -19.56%, which is greater than ALLW's maximum drawdown of -8.78%. Use the drawdown chart below to compare losses from any high point for TDSB and ALLW.

Drawdown Indicators

	TDSB	ALLW	Difference
Max Drawdown Largest peak-to-trough decline	-19.56%	-8.78%	-10.78%
Max Drawdown (1Y) Largest decline over 1 year	-4.64%	-7.23%	+2.59%
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	-2.29%	-3.73%	+1.44%
Average Drawdown Average peak-to-trough decline	-9.07%	-1.25%	-7.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.24%	1.81%	-0.57%

Volatility

TDSB vs. ALLW - Volatility Comparison

The current volatility for Cabana Target Drawdown 7 ETF (TDSB) is 2.29%, while State Street Bridgewater All Weather ETF (ALLW) has a volatility of 4.00%. This indicates that TDSB experiences smaller price fluctuations and is considered to be less risky than ALLW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TDSB	ALLW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.29%	4.00%	-1.71%
Volatility (6M) Calculated over the trailing 6-month period	5.38%	9.34%	-3.96%
Volatility (1Y) Calculated over the trailing 1-year period	6.32%	11.05%	-4.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.36%	12.71%	-5.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.55%	12.71%	-5.16%

TDSB vs. ALLW - Expense Ratio Comparison

TDSB has a 0.69% expense ratio, which is lower than ALLW's 0.85% expense ratio.

Dividends

TDSB vs. ALLW - Dividend Comparison

TDSB's dividend yield for the trailing twelve months is around 2.16%, less than ALLW's 4.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ALLW State Street Bridgewater All Weather ETF	4.41%	4.67%	0.00%	0.00%	0.00%	0.00%	0.00%
TDSB Cabana Target Drawdown 7 ETF	2.16%	1.93%	3.50%	2.77%	1.81%	1.75%	0.46%

Frequently Asked Questions

Can I hold both TDSB and ALLW in my portfolio?

TDSB and ALLW have a correlation of 0.86, 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 ALLW?

ALLW has higher volatility (4.00%) compared to TDSB (2.29%). In terms of maximum drawdown, TDSB dropped -19.56% vs ALLW's -8.78%.

Which ETF is better, TDSB or ALLW?

On 1-year performance, ALLW leads with 17.58% vs 12.62% for TDSB. On fees, TDSB is cheaper at 0.69% per year. On volatility, TDSB has been the lower-risk option at 2.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TDSB or ALLW?

Over the 1-year period, ALLW has performed better with a 17.58% return vs 12.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDSB or ALLW?

TDSB is cheaper with a 0.69% expense ratio, compared with 0.85% for ALLW.

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

ALLW has the higher dividend yield at 4.41%, compared with 2.16% for TDSB.

What is the main difference between TDSB and ALLW?

They also come from different issuers: Exchange Traded Concepts and State Street. Their fees differ too: 0.69% for TDSB and 0.85% for ALLW.

Which has better risk-adjusted returns?

TDSB currently has the higher Sharpe Ratio (2.00 vs 1.60), 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.