TDSB vs. MEAR
TDSB (Cabana Target Drawdown 7 ETF) and MEAR (iShares Short Maturity Municipal Bond ETF) are both exchange-traded funds - TDSB is a Tactical Allocation fund actively managed by Exchange Traded Concepts, while MEAR is a Municipal Bonds fund actively managed by iShares. Both are actively managed. Over the past 5 years, TDSB returned 2.16%/yr vs 2.43%/yr for MEAR. At a 0.14 correlation, their price movements are largely independent. TDSB charges 0.69%/yr vs 0.25%/yr for MEAR.
Performance
TDSB vs. MEAR - Performance Comparison
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Returns By Period
In the year-to-date period, TDSB achieves a 4.54% return, which is significantly higher than MEAR's 1.06% return.
TDSB
- 1D
- -0.16%
- 1M
- 0.64%
- YTD
- 4.54%
- 6M
- 4.50%
- 1Y
- 14.83%
- 3Y*
- 8.77%
- 5Y*
- 2.16%
- 10Y*
- —
MEAR
- 1D
- 0.00%
- 1M
- 0.32%
- YTD
- 1.06%
- 6M
- 1.30%
- 1Y
- 3.29%
- 3Y*
- 3.58%
- 5Y*
- 2.43%
- 10Y*
- 1.78%
TDSB vs. MEAR - 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% |
MEAR iShares Short Maturity Municipal Bond ETF | 1.06% | 3.76% | 3.40% | 3.93% | 0.10% | 0.05% | 0.21% |
Correlation
The correlation between TDSB and MEAR is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020 | 0.14 |
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Return for Risk
TDSB vs. MEAR — Risk / Return Rank
TDSB
MEAR
TDSB vs. MEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cabana Target Drawdown 7 ETF (TDSB) and iShares Short Maturity Municipal Bond ETF (MEAR). 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 | MEAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -2.76 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.91 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 7.07 | -3.86 |
| Martin ratioReturn relative to average drawdown | 12.74 | 28.99 | -16.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TDSB | MEAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 3.86 | -1.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 2.48 | -2.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 1.11 | -0.80 |
Drawdowns
TDSB vs. MEAR - Drawdown Comparison
The maximum TDSB drawdown since its inception was -19.56%, which is greater than MEAR's maximum drawdown of -2.68%. Use the drawdown chart below to compare losses from any high point for TDSB and MEAR.
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Drawdown Indicators
| TDSB | MEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.56% | -2.68% | -16.88% |
Max Drawdown (1Y)Largest decline over 1 year | -4.64% | -0.47% | -4.17% |
Max Drawdown (3Y)Largest decline over 3 years | -6.84% | -0.86% | -5.98% |
Max Drawdown (5Y)Largest decline over 5 years | -19.56% | -1.12% | -18.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -2.68% | — |
Current DrawdownCurrent decline from peak | -0.90% | 0.00% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -9.12% | -0.19% | -8.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 0.11% | +1.06% |
Volatility
TDSB vs. MEAR - Volatility Comparison
Cabana Target Drawdown 7 ETF (TDSB) has a higher volatility of 1.64% compared to iShares Short Maturity Municipal Bond ETF (MEAR) at 0.24%. This indicates that TDSB's price experiences larger fluctuations and is considered to be riskier than MEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TDSB | MEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 0.24% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 5.01% | 0.61% | +4.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.98% | 0.86% | +5.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.32% | 0.98% | +6.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.53% | 1.52% | +6.01% |
TDSB vs. MEAR - Expense Ratio Comparison
TDSB has a 0.69% expense ratio, which is higher than MEAR's 0.25% expense ratio.
Dividends
TDSB vs. MEAR - Dividend Comparison
TDSB's dividend yield for the trailing twelve months is around 2.13%, less than MEAR's 2.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEAR iShares Short Maturity Municipal Bond ETF | 2.84% | 2.95% | 3.44% | 3.30% | 0.88% | 0.30% | 0.90% | 1.57% | 1.36% | 1.01% | 0.81% | 0.53% |
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% | 0.00% |
Frequently Asked Questions
TDSB and MEAR have a correlation of 0.09, 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 MEAR (0.24%). In terms of maximum drawdown, TDSB dropped -19.56% vs MEAR's -2.68%.
On 5-year performance, MEAR leads with 2.43% vs 2.16% for TDSB. On fees, MEAR is cheaper at 0.25% per year. On volatility, MEAR has been the lower-risk option at 0.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, MEAR has performed better with a 2.43% return vs 2.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MEAR is cheaper with a 0.25% expense ratio, compared with 0.69% for TDSB.
MEAR has the higher dividend yield at 2.84%, compared with 2.13% for TDSB.
TDSB is categorized as Tactical Allocation, while MEAR is Municipal Bonds. They also come from different issuers: Exchange Traded Concepts and iShares. Their fees differ too: 0.69% for TDSB and 0.25% for MEAR.
MEAR currently has the higher Sharpe Ratio (3.86 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.
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