TDSB vs. BIL
TDSB (Cabana Target Drawdown 7 ETF) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both exchange-traded funds - TDSB is a Tactical Allocation fund actively managed by Exchange Traded Concepts, while BIL is a Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index. TDSB is actively managed, while BIL is passively managed. Over the past 5 years, TDSB returned 2.16%/yr vs 3.41%/yr for BIL. At a 0.02 correlation, their price movements are largely independent. TDSB charges 0.69%/yr vs 0.14%/yr for BIL.
Performance
TDSB vs. BIL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TDSB achieves a 4.54% return, which is significantly higher than BIL's 1.49% return.
TDSB
- 1D
- -0.16%
- 1M
- 0.64%
- YTD
- 4.54%
- 6M
- 4.50%
- 1Y
- 14.83%
- 3Y*
- 8.77%
- 5Y*
- 2.16%
- 10Y*
- —
BIL
- 1D
- 0.02%
- 1M
- 0.28%
- YTD
- 1.49%
- 6M
- 1.77%
- 1Y
- 3.87%
- 3Y*
- 4.64%
- 5Y*
- 3.41%
- 10Y*
- 2.18%
TDSB vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TDSB Cabana Target Drawdown 7 ETF | 4.54% | 12.95% | 3.56% | 4.71% | -16.83% | 8.44% | -1.17% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.49% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | -0.02% |
Correlation
The correlation between TDSB and BIL is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020 | 0.02 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TDSB vs. BIL — Risk / Return Rank
TDSB
BIL
TDSB vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cabana Target Drawdown 7 ETF (TDSB) and SPDR Bloomberg 1-3 Month T-Bill ETF (BIL). 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 | BIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -17.22 | ||
| Sortino ratioReturn per unit of downside risk | -170.73 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 87.91 | -86.43 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 355.35 | -352.15 |
| Martin ratioReturn relative to average drawdown | 12.74 | 2,817.77 | -2,805.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TDSB | BIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 19.71 | -17.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 13.16 | -12.86 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 8.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 2.78 | -2.46 |
Drawdowns
TDSB vs. BIL - Drawdown Comparison
The maximum TDSB drawdown since its inception was -19.56%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for TDSB and BIL.
Loading charts...
Drawdown Indicators
| TDSB | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.56% | -0.78% | -18.78% |
Max Drawdown (1Y)Largest decline over 1 year | -4.64% | -0.01% | -4.63% |
Max Drawdown (3Y)Largest decline over 3 years | -6.84% | -0.01% | -6.83% |
Max Drawdown (5Y)Largest decline over 5 years | -19.56% | -0.10% | -19.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.21% | — |
Current DrawdownCurrent decline from peak | -0.90% | 0.00% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -9.12% | -0.26% | -8.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 0.00% | +1.17% |
Volatility
TDSB vs. BIL - Volatility Comparison
Cabana Target Drawdown 7 ETF (TDSB) has a higher volatility of 1.64% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.05%. This indicates that TDSB's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TDSB | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 0.05% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 5.01% | 0.13% | +4.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.98% | 0.20% | +5.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.32% | 0.26% | +7.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.53% | 0.26% | +7.27% |
TDSB vs. BIL - Expense Ratio Comparison
TDSB has a 0.69% expense ratio, which is higher than BIL's 0.14% expense ratio.
Dividends
TDSB vs. BIL - Dividend Comparison
TDSB's dividend yield for the trailing twelve months is around 2.13%, less than BIL's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 3.86% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
TDSB Cabana Target Drawdown 7 ETF | 2.13% | 1.93% | 3.50% | 2.77% | 1.81% | 1.75% | 0.46% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TDSB and BIL have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TDSB has higher volatility (1.64%) compared to BIL (0.05%). In terms of maximum drawdown, TDSB dropped -19.56% vs BIL's -0.78%.
On 5-year performance, BIL leads with 3.41% vs 2.16% for TDSB. On fees, BIL is cheaper at 0.14% per year. On volatility, BIL has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BIL has performed better with a 3.41% return vs 2.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BIL is cheaper with a 0.14% expense ratio, compared with 0.69% for TDSB.
BIL has the higher dividend yield at 3.86%, compared with 2.13% for TDSB.
TDSB is categorized as Tactical Allocation, while BIL is Government Bonds. They also come from different issuers: Exchange Traded Concepts and State Street. Their fees differ too: 0.69% for TDSB and 0.14% for BIL.
BIL currently has the higher Sharpe Ratio (19.71 vs 2.49), 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.
Find the right allocation for TDSB and BIL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer