TDSB vs. DALI

Last updated Jun 23, 2026

TDSB (Cabana Target Drawdown 7 ETF) and DALI (First Trust Dorsey Wright DALI 1 ETF) are both Tactical Allocation funds. TDSB is actively managed, while DALI is passively managed. Over the past 5 years, TDSB returned 1.93%/yr vs 5.12%/yr for DALI. At a 0.44 correlation, their price movements are largely independent. TDSB charges 0.69%/yr vs 0.90%/yr for DALI.

Performance

TDSB vs. DALI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cabana Target Drawdown 7 ETF (TDSB) and First Trust Dorsey Wright DALI 1 ETF (DALI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TDSB achieves a 3.51% return, which is significantly lower than DALI's 7.08% return.

TDSB

• 1D: -0.16%
• 1M: -1.10%
• YTD: 3.51%
• 6M: 3.34%
• 1Y: 13.33%
• 3Y*: 8.59%
• 5Y*: 1.93%
• 10Y*: —

DALI

• 1D: 0.30%
• 1M: 0.96%
• YTD: 7.08%
• 6M: 5.32%
• 1Y: 21.44%
• 3Y*: 7.56%
• 5Y*: 5.12%
• 10Y*: —

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

TDSB vs. DALI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TDSB Cabana Target Drawdown 7 ETF	3.51%	12.95%	3.56%	4.71%	-16.83%	8.44%	-1.46%
DALI First Trust Dorsey Wright DALI 1 ETF	7.08%	11.89%	19.93%	-8.48%	-8.10%	22.28%	20.86%

Correlation

The correlation between TDSB and DALI is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020	0.44

The correlation between TDSB and DALI shifts across timeframes, from 0.43 (5 years) to 0.60 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

TDSB vs. DALI — Risk / Return Rank

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

TDSB

TDSB Risk / Return Rank: 65
TDSB Sharpe Ratio Rank: 67
TDSB Sortino Ratio Rank: 65
TDSB Omega Ratio Rank: 70
TDSB Calmar Ratio Rank: 60
TDSB Martin Ratio Rank: 62

DALI

DALI Risk / Return Rank: 35
DALI Sharpe Ratio Rank: 34
DALI Sortino Ratio Rank: 33
DALI Omega Ratio Rank: 33
DALI Calmar Ratio Rank: 35
DALI Martin Ratio Rank: 40

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. DALI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cabana Target Drawdown 7 ETF (TDSB) and First Trust Dorsey Wright DALI 1 ETF (DALI). 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	DALI	Difference
Sharpe ratio: Return per unit of total volatility	2.12	1.18	+0.94
Sortino ratio: Return per unit of downside risk	2.89	1.69	+1.20
Omega ratio: Gain probability vs. loss probability	1.40	1.22	+0.18
Calmar ratio: Return relative to maximum drawdown	2.88	1.72	+1.16
Martin ratio: Return relative to average drawdown	10.87	6.20	+4.67

TDSB vs. DALI - Sharpe Ratio Comparison

The current TDSB Sharpe Ratio is 2.12, which is higher than the DALI Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of TDSB and DALI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TDSB vs. DALI - Drawdown Comparison

The maximum TDSB drawdown since its inception was -19.56%, smaller than the maximum DALI drawdown of -36.06%. Use the drawdown chart below to compare losses from any high point for TDSB and DALI.

Drawdown Indicators

	TDSB	DALI	Difference
Max Drawdown Largest peak-to-trough decline	-19.56%	-36.06%	+16.50%
Max Drawdown (1Y) Largest decline over 1 year	-4.64%	-12.54%	+7.90%
Max Drawdown (3Y) Largest decline over 3 years	-6.84%	-23.30%	+16.46%
Max Drawdown (5Y) Largest decline over 5 years	-19.56%	-26.26%	+6.70%
Current Drawdown Current decline from peak	-1.88%	-2.00%	+0.12%
Average Drawdown Average peak-to-trough decline	-9.07%	-10.10%	+1.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.23%	3.47%	-2.24%

Volatility

TDSB vs. DALI - Volatility Comparison

The current volatility for Cabana Target Drawdown 7 ETF (TDSB) is 2.27%, while First Trust Dorsey Wright DALI 1 ETF (DALI) has a volatility of 6.95%. This indicates that TDSB experiences smaller price fluctuations and is considered to be less risky than DALI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TDSB	DALI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.27%	6.95%	-4.68%
Volatility (6M) Calculated over the trailing 6-month period	5.37%	15.35%	-9.98%
Volatility (1Y) Calculated over the trailing 1-year period	6.32%	18.21%	-11.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.36%	19.82%	-12.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.55%	20.96%	-13.41%

TDSB vs. DALI - Expense Ratio Comparison

TDSB has a 0.69% expense ratio, which is lower than DALI's 0.90% expense ratio.

Dividends

TDSB vs. DALI - Dividend Comparison

TDSB's dividend yield for the trailing twelve months is around 2.15%, more than DALI's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DALI First Trust Dorsey Wright DALI 1 ETF	0.38%	0.38%	0.18%	3.42%	0.50%	0.11%	1.25%	0.45%	0.17%
TDSB Cabana Target Drawdown 7 ETF	2.15%	1.93%	3.50%	2.77%	1.81%	1.75%	0.46%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TDSB and DALI in my portfolio?

TDSB and DALI have a correlation of 0.60, 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 DALI?

DALI has higher volatility (6.95%) compared to TDSB (2.27%). In terms of maximum drawdown, TDSB dropped -19.56% vs DALI's -36.06%.

Which ETF is better, TDSB or DALI?

On 5-year performance, DALI leads with 5.12% vs 1.93% for TDSB. On fees, TDSB is cheaper at 0.69% per year. On volatility, TDSB has been the lower-risk option at 2.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TDSB or DALI?

Over the 5-year period, DALI has performed better with a 5.12% return vs 1.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDSB or DALI?

TDSB is cheaper with a 0.69% expense ratio, compared with 0.90% for DALI.

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

TDSB has the higher dividend yield at 2.15%, compared with 0.38% for DALI.

What is the main difference between TDSB and DALI?

They also come from different issuers: Exchange Traded Concepts and First Trust. Their fees differ too: 0.69% for TDSB and 0.90% for DALI.

Which has better risk-adjusted returns?

TDSB currently has the higher Sharpe Ratio (2.12 vs 1.18), 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.