TDSC vs. ASGM

Last updated Jun 3, 2026

TDSC (Cabana Target Drawdown 10 ETF) and ASGM (Virtus AlphaSimplex Global Macro ETF) are both Tactical Allocation funds. Both are actively managed. A 0.78 correlation means they provide meaningful diversification when combined. TDSC charges 0.69%/yr vs 0.86%/yr for ASGM.

Performance

TDSC vs. ASGM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cabana Target Drawdown 10 ETF (TDSC) and Virtus AlphaSimplex Global Macro ETF (ASGM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TDSC achieves a 11.58% return, which is significantly lower than ASGM's 23.18% return.

TDSC

• 1D: 0.55%
• 1M: 3.52%
• YTD: 11.58%
• 6M: 11.52%
• 1Y: 20.40%
• 3Y*: 11.06%
• 5Y*: 3.44%
• 10Y*: —

ASGM

• 1D: 0.70%
• 1M: 7.18%
• YTD: 23.18%
• 6M: 25.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TDSC vs. ASGM - Yearly Performance Comparison

	2026 (YTD)	2025
TDSC Cabana Target Drawdown 10 ETF	11.58%	5.47%
ASGM Virtus AlphaSimplex Global Macro ETF	23.18%	11.57%

Correlation

The correlation between TDSC and ASGM is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 6, 2025	0.78

Return for Risk

TDSC vs. ASGM — Risk / Return Rank

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

TDSC

TDSC Risk / Return Rank: 71
TDSC Sharpe Ratio Rank: 68
TDSC Sortino Ratio Rank: 70
TDSC Omega Ratio Rank: 67
TDSC Calmar Ratio Rank: 75
TDSC Martin Ratio Rank: 76

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.

TDSC vs. ASGM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cabana Target Drawdown 10 ETF (TDSC) and Virtus AlphaSimplex Global Macro ETF (ASGM). 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.

	TDSC	ASGM	Difference
Sharpe ratio Return per unit of total volatility	2.30	—	—
Sortino ratio Return per unit of downside risk	3.24	—	—
Omega ratio Gain probability vs. loss probability	1.41	—	—
Calmar ratio Return relative to maximum drawdown	3.85	—	—
Martin ratio Return relative to average drawdown	15.00	—	—
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

	TDSC	ASGM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	3.02	-2.61

Drawdowns

TDSC vs. ASGM - Drawdown Comparison

The maximum TDSC drawdown since its inception was -21.51%, which is greater than ASGM's maximum drawdown of -6.62%. Use the drawdown chart below to compare losses from any high point for TDSC and ASGM.

Drawdown Indicators

	TDSC	ASGM	Difference
Max Drawdown Largest peak-to-trough decline	-21.51%	-6.62%	-14.89%
Max Drawdown (1Y) Largest decline over 1 year	-5.35%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.24%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.51%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.39%	-1.22%	-8.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.37%	—	—

Volatility

Volatility by Period

	TDSC	ASGM	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.12%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.64%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.89%	15.68%	-6.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.28%	15.68%	-5.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.23%	15.68%	-5.45%

TDSC vs. ASGM - Expense Ratio Comparison

TDSC has a 0.69% expense ratio, which is lower than ASGM's 0.86% expense ratio.

Dividends

TDSC vs. ASGM - Dividend Comparison

TDSC's dividend yield for the trailing twelve months is around 2.00%, less than ASGM's 3.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ASGM Virtus AlphaSimplex Global Macro ETF	3.67%	4.52%	0.00%	0.00%	0.00%	0.00%	0.00%
TDSC Cabana Target Drawdown 10 ETF	2.00%	2.92%	2.06%	2.06%	1.76%	1.11%	0.54%

Frequently Asked Questions

Can I hold both TDSC and ASGM in my portfolio?

TDSC and ASGM have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TDSC or ASGM?

On fees, TDSC 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, TDSC or ASGM?

TDSC is cheaper with a 0.69% expense ratio, compared with 0.86% for ASGM.

Which ETF pays a higher dividend yield, TDSC or ASGM?

ASGM has the higher dividend yield at 3.67%, compared with 2.00% for TDSC.

What is the main difference between TDSC and ASGM?

They also come from different issuers: Exchange Traded Concepts and Virtus. Their fees differ too: 0.69% for TDSC and 0.86% for ASGM.