TDSB vs. CEFZ
TDSB (Cabana Target Drawdown 7 ETF) and CEFZ (RiverNorth Active Income ETF) are both Tactical Allocation funds. Both are actively managed. Over the past year, TDSB returned 11.07% vs 13.74% for CEFZ. Their 0.51 correlation means they have sometimes moved together and sometimes differently. TDSB charges 0.69%/yr vs 3.36%/yr for CEFZ.
Performance
TDSB vs. CEFZ - Performance Comparison
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Returns By Period
In the year-to-date period, TDSB achieves a 3.10% return, which is significantly lower than CEFZ's 5.89% return.
TDSB
- 1D
- 0.20%
- 1M
- -0.72%
- 6M
- 1.94%
- YTD
- 3.10%
- 1Y
- 11.07%
- 3Y*
- 8.25%
- 5Y*
- 1.29%
- 10Y*
- —
- ALL TIME*
- 1.98%
CEFZ
- 1D
- 1.30%
- 1M
- 0.12%
- 6M
- 3.62%
- YTD
- 5.89%
- 1Y
- 13.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $219.53K | $136.26K | $128.14K | |
| $52.88K | $262.02K | $140.49K |
TDSB vs. CEFZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TDSB Cabana Target Drawdown 7 ETF | 3.10% | 7.73% |
CEFZ RiverNorth Active Income ETF | 5.89% | 7.41% |
Correlation
The correlation between TDSB and CEFZ is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 4, 2025 | 0.51 |
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Return for Risk
TDSB vs. CEFZ — Risk / Return Rank
TDSB
CEFZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TDSB vs. CEFZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cabana Target Drawdown 7 ETF (TDSB) and RiverNorth Active Income ETF (CEFZ). 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 | CEFZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.32 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | — | — |
| Martin ratioReturn relative to average drawdown | 8.03 | — | — |
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Drawdowns
TDSB vs. CEFZ - Drawdown Comparison
The maximum TDSB drawdown since its inception was -19.56%, which is greater than CEFZ's maximum drawdown of -6.66%. Use the drawdown chart below to compare losses from any high point for TDSB and CEFZ.
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Drawdown Indicators
| TDSB | CEFZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.56% | -6.66% | -12.90% |
Max Drawdown (1Y)Largest decline over 1 year | -4.64% | -6.66% | +2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -6.84% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.56% | — | — |
Current DrawdownCurrent decline from peak | -2.27% | -0.50% | -1.77% |
Average DrawdownAverage peak-to-trough decline | -8.93% | -1.22% | -7.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | — | — |
Volatility
TDSB vs. CEFZ - Volatility Comparison
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Volatility by Period
| TDSB | CEFZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.07% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.41% | 10.29% | -3.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.34% | 10.29% | -2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.50% | 10.29% | -2.79% |
TDSB vs. CEFZ - Expense Ratio Comparison
TDSB has a 0.69% expense ratio, which is lower than CEFZ's 3.36% expense ratio.
Dividends
TDSB vs. CEFZ - Dividend Comparison
TDSB's dividend yield for the trailing twelve months is around 2.29%, less than CEFZ's 10.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CEFZ RiverNorth Active Income ETF | 10.00% | 4.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TDSB Cabana Target Drawdown 7 ETF | 2.29% | 1.93% | 3.50% | 2.77% | 1.81% | 1.75% | 0.46% |
Frequently Asked Questions
TDSB and CEFZ have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, CEFZ leads with 13.74% vs 11.07% for TDSB. 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.
Over the 1-year period, CEFZ has performed better with a 13.74% return vs 11.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TDSB is cheaper with a 0.69% expense ratio, compared with 3.36% for CEFZ.
CEFZ has the higher dividend yield at 10.00%, compared with 2.29% for TDSB.
They also come from different issuers: Exchange Traded Concepts and RiverNorth. Their fees differ too: 0.69% for TDSB and 3.36% for CEFZ.
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