Correlation
The correlation between TDSB and ARP is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
TDSB vs. ARP
Compare and contrast key facts about Cabana Target Drawdown 7 ETF (TDSB) and Pmv Adaptive Risk Parity ETF (ARP).
TDSB and ARP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TDSB is an actively managed fund by Exchange Traded Concepts. It was launched on Sep 16, 2020. ARP is an actively managed fund by PMV. It was launched on Dec 21, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TDSB or ARP.
Performance
TDSB vs. ARP - Performance Comparison
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Key characteristics
TDSB:
0.69
ARP:
0.91
TDSB:
0.86
ARP:
1.13
TDSB:
1.12
ARP:
1.15
TDSB:
0.33
ARP:
1.09
TDSB:
2.13
ARP:
3.70
TDSB:
2.12%
ARP:
1.99%
TDSB:
7.40%
ARP:
9.16%
TDSB:
-19.56%
ARP:
-6.74%
TDSB:
-8.96%
ARP:
-0.72%
Returns By Period
In the year-to-date period, TDSB achieves a 2.41% return, which is significantly lower than ARP's 3.01% return.
TDSB
2.41%
1.10%
-1.76%
5.07%
2.56%
N/A
N/A
ARP
3.01%
1.63%
2.01%
8.26%
N/A
N/A
N/A
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TDSB vs. ARP - Expense Ratio Comparison
TDSB has a 0.69% expense ratio, which is lower than ARP's 1.42% expense ratio.
Risk-Adjusted Performance
TDSB vs. ARP — Risk-Adjusted Performance Rank
TDSB
ARP
TDSB vs. ARP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cabana Target Drawdown 7 ETF (TDSB) and Pmv Adaptive Risk Parity ETF (ARP). 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.
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Dividends
TDSB vs. ARP - Dividend Comparison
TDSB's dividend yield for the trailing twelve months is around 3.08%, less than ARP's 5.14% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
TDSB Cabana Target Drawdown 7 ETF | 3.08% | 3.50% | 2.77% | 1.81% | 1.75% | 0.46% |
ARP Pmv Adaptive Risk Parity ETF | 5.14% | 5.29% | 2.67% | 0.06% | 0.00% | 0.00% |
Drawdowns
TDSB vs. ARP - Drawdown Comparison
The maximum TDSB drawdown since its inception was -19.56%, which is greater than ARP's maximum drawdown of -6.74%. Use the drawdown chart below to compare losses from any high point for TDSB and ARP.
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Volatility
TDSB vs. ARP - Volatility Comparison
The current volatility for Cabana Target Drawdown 7 ETF (TDSB) is 1.60%, while Pmv Adaptive Risk Parity ETF (ARP) has a volatility of 1.87%. This indicates that TDSB experiences smaller price fluctuations and is considered to be less risky than ARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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