TDSB vs. ONOF
TDSB (Cabana Target Drawdown 7 ETF) and ONOF (Global X Adaptive U.S. Risk Management ETF) are both Tactical Allocation funds. TDSB is actively managed, while ONOF is passively managed. Over the past 5 years, TDSB returned 1.29%/yr vs 8.38%/yr for ONOF. Their 0.55 correlation means they have sometimes moved together and sometimes differently. TDSB charges 0.69%/yr vs 0.39%/yr for ONOF.
Performance
TDSB vs. ONOF - 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 ONOF's 7.89% 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%
ONOF
- 1D
- 1.45%
- 1M
- 1.64%
- 6M
- 6.14%
- YTD
- 7.89%
- 1Y
- 18.70%
- 3Y*
- 12.20%
- 5Y*
- 8.38%
- 10Y*
- —
- ALL TIME*
- 10.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $551.81K | $367.84K | $523.88K | |
| $52.88K | $262.02K | $140.49K |
TDSB vs. ONOF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TDSB Cabana Target Drawdown 7 ETF | 3.10% | 12.95% | 3.56% | 4.71% | -16.83% | 9.22% |
ONOF Global X Adaptive U.S. Risk Management ETF | 7.89% | 8.90% | 19.45% | 11.57% | -11.89% | 25.33% |
Correlation
The correlation between TDSB and ONOF is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2021 | 0.55 |
The correlation between TDSB and ONOF shifts across timeframes, from 0.48 (3 years) to 0.59 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TDSB vs. ONOF — Risk / Return Rank
TDSB
ONOF
TDSB vs. ONOF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cabana Target Drawdown 7 ETF (TDSB) and Global X Adaptive U.S. Risk Management ETF (ONOF). 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 | ONOF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.27 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 2.74 | -0.34 |
| Martin ratioReturn relative to average drawdown | 8.03 | 8.61 | -0.58 |
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Drawdowns
TDSB vs. ONOF - Drawdown Comparison
The maximum TDSB drawdown since its inception was -19.56%, smaller than the maximum ONOF drawdown of -26.21%. Use the drawdown chart below to compare losses from any high point for TDSB and ONOF.
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Drawdown Indicators
| TDSB | ONOF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.56% | -26.21% | +6.65% |
Max Drawdown (1Y)Largest decline over 1 year | -4.64% | -6.86% | +2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -6.84% | -21.67% | +14.83% |
Max Drawdown (5Y)Largest decline over 5 years | -19.56% | -26.21% | +6.65% |
Current DrawdownCurrent decline from peak | -2.27% | -0.16% | -2.11% |
Average DrawdownAverage peak-to-trough decline | -8.93% | -6.03% | -2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 2.18% | -0.80% |
Volatility
TDSB vs. ONOF - Volatility Comparison
The current volatility for Cabana Target Drawdown 7 ETF (TDSB) is 1.26%, while Global X Adaptive U.S. Risk Management ETF (ONOF) has a volatility of 3.89%. This indicates that TDSB experiences smaller price fluctuations and is considered to be less risky than ONOF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TDSB | ONOF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 3.89% | -2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 5.07% | 9.26% | -4.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.41% | 12.26% | -5.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.34% | 14.44% | -7.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.50% | 14.35% | -6.85% |
TDSB vs. ONOF - Expense Ratio Comparison
TDSB has a 0.69% expense ratio, which is higher than ONOF's 0.39% expense ratio.
Dividends
TDSB vs. ONOF - Dividend Comparison
TDSB's dividend yield for the trailing twelve months is around 2.29%, more than ONOF's 1.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
ONOF Global X Adaptive U.S. Risk Management ETF | 1.22% | 1.38% | 0.93% | 1.37% | 1.92% | 0.69% | 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 ONOF have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ONOF has higher volatility (3.89%) compared to TDSB (1.26%). In terms of maximum drawdown, TDSB dropped -19.56% vs ONOF's -26.21%.
On 5-year performance, ONOF leads with 8.38% vs 1.29% for TDSB. On fees, ONOF is cheaper at 0.39% per year. On volatility, TDSB has been the lower-risk option at 1.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ONOF has performed better with a 8.38% return vs 1.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ONOF is cheaper with a 0.39% expense ratio, compared with 0.69% for TDSB.
TDSB has the higher dividend yield at 2.29%, compared with 1.22% for ONOF.
They also come from different issuers: Exchange Traded Concepts and Global X. Their fees differ too: 0.69% for TDSB and 0.39% for ONOF.
TDSB currently has the higher Sharpe Ratio (1.74 vs 1.53), 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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