TDSC vs. BITQ

Last updated Jun 4, 2026

TDSC (Cabana Target Drawdown 10 ETF) and BITQ (Bitwise Crypto Industry Innovators ETF) are both exchange-traded funds - TDSC is a Tactical Allocation fund actively managed by Exchange Traded Concepts, while BITQ is a Technology Equities fund tracking the Bitwise Crypto Innovators 30 Total Return. TDSC is actively managed, while BITQ is passively managed. Over the past 5 years, TDSC returned 3.28%/yr vs 5.19%/yr for BITQ. At a 0.47 correlation, their price movements are largely independent. TDSC charges 0.69%/yr vs 0.85%/yr for BITQ.

Performance

TDSC vs. BITQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cabana Target Drawdown 10 ETF (TDSC) and Bitwise Crypto Industry Innovators ETF (BITQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TDSC achieves a 11.42% return, which is significantly lower than BITQ's 39.79% return.

TDSC

• 1D: -0.14%
• 1M: 3.77%
• YTD: 11.42%
• 6M: 10.93%
• 1Y: 19.88%
• 3Y*: 11.01%
• 5Y*: 3.28%
• 10Y*: —

BITQ

• 1D: -2.21%
• 1M: 11.04%
• YTD: 39.79%
• 6M: 21.39%
• 1Y: 60.30%
• 3Y*: 58.56%
• 5Y*: 5.19%
• 10Y*: —

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

TDSC vs. BITQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TDSC Cabana Target Drawdown 10 ETF	11.42%	6.56%	7.10%	7.63%	-19.67%	10.70%
BITQ Bitwise Crypto Industry Innovators ETF	39.79%	18.00%	46.97%	246.83%	-83.86%	-7.06%

Correlation

The correlation between TDSC and BITQ is 0.50, 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	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (All Time) Calculated using the full available price history since May 13, 2021	0.47

The correlation between TDSC and BITQ has been stable across timeframes, ranging from 0.47 to 0.50 - a consistent structural relationship.

TDSC vs. BITQ - Sectors Allocation Comparison

Sectors	TDSC	BITQ
Technology	28.5%	28.1%
Healthcare	19.9%	-
Energy	17.6%	-
Utilities	15.0%	-
Communication Services	4.7%	-
Consumer Cyclical	4.3%	4.8%
Financial Services	3.9%	67.1%
Consumer Defensive	3.4%	-
Industrials	2.0%	-
Basic Materials	0.7%	-
Real Estate	0.1%	-

Return for Risk

TDSC vs. BITQ — 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: 69
TDSC Omega Ratio Rank: 67
TDSC Calmar Ratio Rank: 75
TDSC Martin Ratio Rank: 76

BITQ

BITQ Risk / Return Rank: 28
BITQ Sharpe Ratio Rank: 29
BITQ Sortino Ratio Rank: 31
BITQ Omega Ratio Rank: 29
BITQ Calmar Ratio Rank: 27
BITQ Martin Ratio Rank: 22

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. BITQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cabana Target Drawdown 10 ETF (TDSC) and Bitwise Crypto Industry Innovators ETF (BITQ). 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	BITQ	Difference
Sharpe ratio Return per unit of total volatility	2.25	1.08	+1.16
Sortino ratio Return per unit of downside risk	3.17	1.68	+1.48
Omega ratio Gain probability vs. loss probability	1.40	1.20	+0.20
Calmar ratio Return relative to maximum drawdown	3.74	1.35	+2.39
Martin ratio Return relative to average drawdown	14.51	2.84	+11.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TDSC vs. BITQ - Sharpe Ratio Comparison

The current TDSC Sharpe Ratio is 2.25, which is higher than the BITQ Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of TDSC and BITQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TDSC	BITQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	1.08	+1.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.08	+0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.07	+0.34

Drawdowns

TDSC vs. BITQ - Drawdown Comparison

The maximum TDSC drawdown since its inception was -21.51%, smaller than the maximum BITQ drawdown of -90.32%. Use the drawdown chart below to compare losses from any high point for TDSC and BITQ.

Drawdown Indicators

	TDSC	BITQ	Difference
Max Drawdown Largest peak-to-trough decline	-21.51%	-90.32%	+68.81%
Max Drawdown (1Y) Largest decline over 1 year	-5.35%	-44.99%	+39.64%
Max Drawdown (3Y) Largest decline over 3 years	-14.24%	-51.22%	+36.98%
Max Drawdown (5Y) Largest decline over 5 years	-21.51%	-90.32%	+68.81%
Current Drawdown Current decline from peak	-0.14%	-14.06%	+13.92%
Average Drawdown Average peak-to-trough decline	-9.38%	-52.80%	+43.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.37%	21.32%	-19.95%

Volatility

TDSC vs. BITQ - Volatility Comparison

The current volatility for Cabana Target Drawdown 10 ETF (TDSC) is 2.06%, while Bitwise Crypto Industry Innovators ETF (BITQ) has a volatility of 14.73%. This indicates that TDSC experiences smaller price fluctuations and is considered to be less risky than BITQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TDSC	BITQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.06%	14.73%	-12.67%
Volatility (6M) Calculated over the trailing 6-month period	6.61%	42.74%	-36.13%
Volatility (1Y) Calculated over the trailing 1-year period	8.90%	56.05%	-47.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.28%	67.17%	-56.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.22%	67.23%	-57.01%

TDSC vs. BITQ - Expense Ratio Comparison

TDSC has a 0.69% expense ratio, which is lower than BITQ's 0.85% expense ratio.

Dividends

TDSC vs. BITQ - Dividend Comparison

TDSC's dividend yield for the trailing twelve months is around 2.01%, while BITQ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
BITQ Bitwise Crypto Industry Innovators ETF	0.00%	0.00%	0.90%	1.51%	0.00%	3.12%	0.00%
TDSC Cabana Target Drawdown 10 ETF	2.01%	2.92%	2.06%	2.06%	1.76%	1.11%	0.54%

Frequently Asked Questions

Can I hold both TDSC and BITQ in my portfolio?

TDSC and BITQ have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TDSC or BITQ?

BITQ has higher volatility (14.73%) compared to TDSC (2.06%). In terms of maximum drawdown, TDSC dropped -21.51% vs BITQ's -90.32%.

Which ETF is better, TDSC or BITQ?

On 5-year performance, BITQ leads with 5.19% vs 3.28% for TDSC. On fees, TDSC is cheaper at 0.69% per year. On volatility, TDSC has been the lower-risk option at 2.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TDSC or BITQ?

Over the 5-year period, BITQ has performed better with a 5.19% return vs 3.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDSC or BITQ?

TDSC is cheaper with a 0.69% expense ratio, compared with 0.85% for BITQ.

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

TDSC has the higher dividend yield at 2.01%, compared with 0.00% for BITQ.

What is the main difference between TDSC and BITQ?

TDSC is categorized as Tactical Allocation, while BITQ is Technology Equities. Their fees differ too: 0.69% for TDSC and 0.85% for BITQ.

Which has better risk-adjusted returns?

TDSC currently has the higher Sharpe Ratio (2.25 vs 1.08), 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.