TDSB vs. ASGM

Last updated Jun 4, 2026

TDSB (Cabana Target Drawdown 7 ETF) and ASGM (Virtus AlphaSimplex Global Macro ETF) are both Tactical Allocation funds. Both are actively managed. A 0.72 correlation means they provide meaningful diversification when combined. TDSB charges 0.69%/yr vs 0.86%/yr for ASGM.

Performance

TDSB vs. ASGM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cabana Target Drawdown 7 ETF (TDSB) and Virtus AlphaSimplex Global Macro ETF (ASGM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TDSB achieves a 4.54% return, which is significantly lower than ASGM's 22.52% return.

TDSB

• 1D: -0.16%
• 1M: 0.64%
• YTD: 4.54%
• 6M: 4.50%
• 1Y: 14.83%
• 3Y*: 8.77%
• 5Y*: 2.16%
• 10Y*: —

ASGM

• 1D: -0.53%
• 1M: 7.21%
• YTD: 22.52%
• 6M: 24.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TDSB vs. ASGM - Yearly Performance Comparison

	2026 (YTD)	2025
TDSB Cabana Target Drawdown 7 ETF	4.54%	7.32%
ASGM Virtus AlphaSimplex Global Macro ETF	22.52%	11.57%

Correlation

The correlation between TDSB and ASGM is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 6, 2025	0.72

Return for Risk

TDSB vs. ASGM — Risk / Return Rank

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

TDSB

TDSB Risk / Return Rank: 73
TDSB Sharpe Ratio Rank: 77
TDSB Sortino Ratio Rank: 76
TDSB Omega Ratio Rank: 80
TDSB Calmar Ratio Rank: 65
TDSB Martin Ratio Rank: 69

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. ASGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cabana Target Drawdown 7 ETF (TDSB) and Virtus AlphaSimplex Global Macro ETF (ASGM). 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.

	TDSB	ASGM	Difference
Sharpe ratio: Return per unit of total volatility	2.49	—	—
Sortino ratio: Return per unit of downside risk	3.43	—	—
Omega ratio: Gain probability vs. loss probability	1.48	—	—
Calmar ratio: Return relative to maximum drawdown	3.21	—	—
Martin ratio: Return relative to average drawdown	12.74	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TDSB	ASGM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	2.95	-2.63

Drawdowns

TDSB vs. ASGM - Drawdown Comparison

The maximum TDSB drawdown since its inception was -19.56%, which is greater than ASGM's maximum drawdown of -6.62%. Use the drawdown chart below to compare losses from any high point for TDSB and ASGM.

Drawdown Indicators

	TDSB	ASGM	Difference
Max Drawdown Largest peak-to-trough decline	-19.56%	-6.62%	-12.94%
Max Drawdown (1Y) Largest decline over 1 year	-4.64%	—	—
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	-0.90%	-0.53%	-0.37%
Average Drawdown Average peak-to-trough decline	-9.12%	-1.22%	-7.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.17%	—	—

Volatility

Volatility by Period

	TDSB	ASGM	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.64%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.01%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.98%	15.67%	-9.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.32%	15.67%	-8.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.53%	15.67%	-8.14%

TDSB vs. ASGM - Expense Ratio Comparison

TDSB has a 0.69% expense ratio, which is lower than ASGM's 0.86% expense ratio.

Dividends

TDSB vs. ASGM - Dividend Comparison

TDSB's dividend yield for the trailing twelve months is around 2.13%, less than ASGM's 3.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ASGM Virtus AlphaSimplex Global Macro ETF	3.69%	4.52%	0.00%	0.00%	0.00%	0.00%	0.00%
TDSB Cabana Target Drawdown 7 ETF	2.13%	1.93%	3.50%	2.77%	1.81%	1.75%	0.46%

Frequently Asked Questions

Can I hold both TDSB and ASGM in my portfolio?

TDSB and ASGM have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TDSB or ASGM?

On fees, TDSB is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDSB or ASGM?

TDSB is cheaper with a 0.69% expense ratio, compared with 0.86% for ASGM.

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

ASGM has the higher dividend yield at 3.69%, compared with 2.13% for TDSB.

What is the main difference between TDSB and ASGM?

They also come from different issuers: Exchange Traded Concepts and Virtus. Their fees differ too: 0.69% for TDSB and 0.86% for ASGM.