TDSB vs. BITQ

Last updated Jun 4, 2026

TDSB (Cabana Target Drawdown 7 ETF) and BITQ (Bitwise Crypto Industry Innovators ETF) are both exchange-traded funds - TDSB is a Tactical Allocation fund actively managed by Exchange Traded Concepts, while BITQ is a Technology Equities fund tracking the Bitwise Crypto Innovators 30 Total Return. TDSB is actively managed, while BITQ is passively managed. Over the past 5 years, TDSB returned 2.16%/yr vs 5.19%/yr for BITQ. At a 0.35 correlation, their price movements are largely independent. TDSB charges 0.69%/yr vs 0.85%/yr for BITQ.

Performance

TDSB vs. BITQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cabana Target Drawdown 7 ETF (TDSB) and Bitwise Crypto Industry Innovators ETF (BITQ). 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 BITQ's 39.79% return.

TDSB

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

BITQ

• 1D: -2.21%
• 1M: 11.04%
• YTD: 39.79%
• 6M: 21.39%
• 1Y: 60.30%
• 3Y*: 58.56%
• 5Y*: 5.19%
• 10Y*: —

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

TDSB vs. BITQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TDSB Cabana Target Drawdown 7 ETF	4.54%	12.95%	3.56%	4.71%	-16.83%	7.49%
BITQ Bitwise Crypto Industry Innovators ETF	39.79%	18.00%	46.97%	246.83%	-83.86%	-7.06%

Correlation

The correlation between TDSB and BITQ is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (All Time) Calculated using the full available price history since May 13, 2021	0.35

TDSB vs. BITQ - Sectors Allocation Comparison

Sectors	TDSB	BITQ
Utilities	33.1%	-
Healthcare	32.8%	-
Technology	19.6%	28.1%
Communication Services	5.6%	-
Consumer Cyclical	4.4%	4.8%
Consumer Defensive	2.7%	-
Industrials	1.0%	-
Basic Materials	0.4%	-
Energy	0.2%	-
Financial Services	0.1%	67.1%
Real Estate	0.0%	-

Return for Risk

TDSB vs. BITQ — 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

BITQ

BITQ Risk / Return Rank: 28
BITQ Sharpe Ratio Rank: 29
BITQ Sortino Ratio Rank: 31
BITQ Omega Ratio Rank: 29
BITQ Calmar Ratio Rank: 27
BITQ Martin Ratio Rank: 22

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. BITQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cabana Target Drawdown 7 ETF (TDSB) and Bitwise Crypto Industry Innovators ETF (BITQ). 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	BITQ	Difference
Sharpe ratio: Return per unit of total volatility	2.49	1.08	+1.41
Sortino ratio: Return per unit of downside risk	3.43	1.68	+1.75
Omega ratio: Gain probability vs. loss probability	1.48	1.20	+0.28
Calmar ratio: Return relative to maximum drawdown	3.21	1.35	+1.86
Martin ratio: Return relative to average drawdown	12.74	2.84	+9.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TDSB vs. BITQ - Sharpe Ratio Comparison

The current TDSB Sharpe Ratio is 2.49, which is higher than the BITQ Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of TDSB and BITQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TDSB	BITQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	1.08	+1.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.08	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.07	+0.24

Drawdowns

TDSB vs. BITQ - Drawdown Comparison

The maximum TDSB drawdown since its inception was -19.56%, smaller than the maximum BITQ drawdown of -90.32%. Use the drawdown chart below to compare losses from any high point for TDSB and BITQ.

Drawdown Indicators

	TDSB	BITQ	Difference
Max Drawdown Largest peak-to-trough decline	-19.56%	-90.32%	+70.76%
Max Drawdown (1Y) Largest decline over 1 year	-4.64%	-44.99%	+40.35%
Max Drawdown (3Y) Largest decline over 3 years	-6.84%	-51.22%	+44.38%
Max Drawdown (5Y) Largest decline over 5 years	-19.56%	-90.32%	+70.76%
Current Drawdown Current decline from peak	-0.90%	-14.06%	+13.16%
Average Drawdown Average peak-to-trough decline	-9.12%	-52.80%	+43.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.17%	21.32%	-20.15%

Volatility

TDSB vs. BITQ - Volatility Comparison

The current volatility for Cabana Target Drawdown 7 ETF (TDSB) is 1.64%, while Bitwise Crypto Industry Innovators ETF (BITQ) has a volatility of 14.73%. This indicates that TDSB experiences smaller price fluctuations and is considered to be less risky than BITQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TDSB	BITQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.64%	14.73%	-13.09%
Volatility (6M) Calculated over the trailing 6-month period	5.01%	42.74%	-37.73%
Volatility (1Y) Calculated over the trailing 1-year period	5.98%	56.05%	-50.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.32%	67.17%	-59.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.53%	67.23%	-59.70%

TDSB vs. BITQ - Expense Ratio Comparison

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

Dividends

TDSB vs. BITQ - Dividend Comparison

TDSB's dividend yield for the trailing twelve months is around 2.13%, while BITQ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
BITQ Bitwise Crypto Industry Innovators ETF	0.00%	0.00%	0.90%	1.51%	0.00%	3.12%	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 BITQ in my portfolio?

TDSB and BITQ have a correlation of 0.36, 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 BITQ?

BITQ has higher volatility (14.73%) compared to TDSB (1.64%). In terms of maximum drawdown, TDSB dropped -19.56% vs BITQ's -90.32%.

Which ETF is better, TDSB or BITQ?

On 5-year performance, BITQ leads with 5.19% vs 2.16% for TDSB. On fees, TDSB is cheaper at 0.69% per year. On volatility, TDSB has been the lower-risk option at 1.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TDSB or BITQ?

Over the 5-year period, BITQ has performed better with a 5.19% return vs 2.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDSB or BITQ?

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

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

TDSB has the higher dividend yield at 2.13%, compared with 0.00% for BITQ.

What is the main difference between TDSB and BITQ?

TDSB is categorized as Tactical Allocation, while BITQ is Technology Equities. Their fees differ too: 0.69% for TDSB and 0.85% for BITQ.

Which has better risk-adjusted returns?

TDSB currently has the higher Sharpe Ratio (2.49 vs 1.08), 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.