TDSB vs. INDF

Last updated Jun 4, 2026

TDSB (Cabana Target Drawdown 7 ETF) and INDF (Nifty India Financials ETF) are both exchange-traded funds - TDSB is a Tactical Allocation fund actively managed by Exchange Traded Concepts, while INDF is a Financials Equities fund tracking the Nifty Financial Services 25/50 Index. TDSB is actively managed, while INDF is passively managed. At a 0.27 correlation, their price movements are largely independent. TDSB charges 0.69%/yr vs 0.75%/yr for INDF.

Performance

TDSB vs. INDF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cabana Target Drawdown 7 ETF (TDSB) and Nifty India Financials ETF (INDF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TDSB

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

INDF

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TDSB vs. INDF - 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%	-0.09%
INDF Nifty India Financials ETF	0.00%	8.17%	6.32%	19.86%	-5.28%	11.95%	23.97%

Correlation

The correlation between TDSB and INDF is -0.01, 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	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (All Time) Calculated using the full available price history since Oct 22, 2020	0.27

The correlation between TDSB and INDF shifts across timeframes, from -0.01 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.

TDSB vs. INDF - Sectors Allocation Comparison

Sectors	TDSB	INDF
Utilities	33.1%	-
Healthcare	32.8%	-
Technology	19.6%	-
Communication Services	5.6%	-
Consumer Cyclical	4.4%	-
Consumer Defensive	2.7%	-
Industrials	1.0%	-
Basic Materials	0.4%	-
Energy	0.2%	-
Financial Services	0.1%	100.0%
Real Estate	0.0%	-

Return for Risk

TDSB vs. INDF — 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. INDF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cabana Target Drawdown 7 ETF (TDSB) and Nifty India Financials ETF (INDF). 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	INDF	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	INDF	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	—	—

Drawdowns

Drawdown Indicators

	TDSB	INDF	Difference
Max Drawdown Largest peak-to-trough decline	-19.56%	—	—
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%	—	—
Average Drawdown Average peak-to-trough decline	-9.12%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.17%	—	—

Volatility

Volatility by Period

	TDSB	INDF	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%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.32%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.53%	—	—

TDSB vs. INDF - Expense Ratio Comparison

TDSB has a 0.69% expense ratio, which is lower than INDF's 0.75% expense ratio.

Dividends

TDSB vs. INDF - Dividend Comparison

TDSB's dividend yield for the trailing twelve months is around 2.13%, less than INDF's 21.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
INDF Nifty India Financials ETF	21.29%	21.29%	6.15%	8.84%	3.12%	1.58%	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 INDF in my portfolio?

TDSB and INDF have a correlation of -0.01, 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 INDF?

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 INDF?

TDSB is cheaper with a 0.69% expense ratio, compared with 0.75% for INDF.

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

INDF has the higher dividend yield at 21.29%, compared with 2.13% for TDSB.

What is the main difference between TDSB and INDF?

TDSB is categorized as Tactical Allocation, while INDF is Financials Equities. Their fees differ too: 0.69% for TDSB and 0.75% for INDF.