TDSC vs. BSR

Last updated Jun 4, 2026

TDSC (Cabana Target Drawdown 10 ETF) and BSR (Beacon Selective Risk ETF) are both Tactical Allocation funds. TDSC is actively managed, while BSR is passively managed. Over the past 3 years, TDSC returned 11.01%/yr vs 7.53%/yr for BSR. A 0.80 correlation means they provide meaningful diversification when combined. TDSC charges 0.69%/yr vs 1.10%/yr for BSR.

Performance

TDSC vs. BSR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cabana Target Drawdown 10 ETF (TDSC) and Beacon Selective Risk ETF (BSR). 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 higher than BSR's 2.94% return.

TDSC

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

BSR

• 1D: -0.07%
• 1M: 0.63%
• YTD: 2.94%
• 6M: 2.86%
• 1Y: 11.15%
• 3Y*: 7.53%
• 5Y*: —
• 10Y*: —

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

TDSC vs. BSR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TDSC Cabana Target Drawdown 10 ETF	11.42%	6.56%	7.10%	8.17%
BSR Beacon Selective Risk ETF	2.94%	4.21%	12.44%	4.57%

Correlation

The correlation between TDSC and BSR is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since Apr 19, 2023	0.80

The correlation between TDSC and BSR has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.

TDSC vs. BSR - Sectors Allocation Comparison

Sectors	TDSC	BSR
Technology	28.5%	9.2%
Healthcare	19.9%	12.3%
Energy	17.6%	14.3%
Utilities	15.0%	14.3%
Communication Services	4.7%	0.1%
Consumer Cyclical	4.3%	1.5%
Financial Services	3.9%	0.1%
Consumer Defensive	3.4%	12.8%
Industrials	2.0%	12.1%
Basic Materials	0.7%	11.4%
Real Estate	0.1%	12.1%

Return for Risk

TDSC vs. BSR — 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

BSR

BSR Risk / Return Rank: 36
BSR Sharpe Ratio Rank: 36
BSR Sortino Ratio Rank: 35
BSR Omega Ratio Rank: 36
BSR Calmar Ratio Rank: 37
BSR Martin Ratio Rank: 34

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. BSR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cabana Target Drawdown 10 ETF (TDSC) and Beacon Selective Risk ETF (BSR). 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	BSR	Difference
Sharpe ratio Return per unit of total volatility	2.25	1.29	+0.95
Sortino ratio Return per unit of downside risk	3.17	1.82	+1.35
Omega ratio Gain probability vs. loss probability	1.40	1.23	+0.17
Calmar ratio Return relative to maximum drawdown	3.74	1.82	+1.92
Martin ratio Return relative to average drawdown	14.51	5.18	+9.33
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. BSR - Sharpe Ratio Comparison

The current TDSC Sharpe Ratio is 2.25, which is higher than the BSR Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of TDSC and BSR, 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	BSR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	1.29	+0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.48	-0.07

Drawdowns

TDSC vs. BSR - Drawdown Comparison

The maximum TDSC drawdown since its inception was -21.51%, which is greater than BSR's maximum drawdown of -15.68%. Use the drawdown chart below to compare losses from any high point for TDSC and BSR.

Drawdown Indicators

	TDSC	BSR	Difference
Max Drawdown Largest peak-to-trough decline	-21.51%	-15.68%	-5.83%
Max Drawdown (1Y) Largest decline over 1 year	-5.35%	-6.15%	+0.80%
Max Drawdown (3Y) Largest decline over 3 years	-14.24%	-15.68%	+1.44%
Max Drawdown (5Y) Largest decline over 5 years	-21.51%	—	—
Current Drawdown Current decline from peak	-0.14%	-4.84%	+4.70%
Average Drawdown Average peak-to-trough decline	-9.38%	-4.58%	-4.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.37%	2.16%	-0.79%

Volatility

TDSC vs. BSR - Volatility Comparison

The current volatility for Cabana Target Drawdown 10 ETF (TDSC) is 2.06%, while Beacon Selective Risk ETF (BSR) has a volatility of 2.20%. This indicates that TDSC experiences smaller price fluctuations and is considered to be less risky than BSR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TDSC	BSR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.06%	2.20%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	6.61%	6.42%	+0.19%
Volatility (1Y) Calculated over the trailing 1-year period	8.90%	8.65%	+0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.28%	16.27%	-5.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.22%	16.27%	-6.05%

TDSC vs. BSR - Expense Ratio Comparison

TDSC has a 0.69% expense ratio, which is lower than BSR's 1.10% expense ratio.

Dividends

TDSC vs. BSR - Dividend Comparison

TDSC's dividend yield for the trailing twelve months is around 2.01%, less than BSR's 2.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BSR Beacon Selective Risk ETF	2.81%	2.89%	0.89%	1.08%	0.00%	0.00%	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 BSR in my portfolio?

TDSC and BSR have a correlation of 0.86, 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 BSR?

BSR has higher volatility (2.20%) compared to TDSC (2.06%). In terms of maximum drawdown, TDSC dropped -21.51% vs BSR's -15.68%.

Which ETF is better, TDSC or BSR?

On 3-year performance, TDSC leads with 11.01% vs 7.53% for BSR. 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 BSR?

Over the 3-year period, TDSC has performed better with a 11.01% return vs 7.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDSC or BSR?

TDSC is cheaper with a 0.69% expense ratio, compared with 1.10% for BSR.

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

BSR has the higher dividend yield at 2.81%, compared with 2.01% for TDSC.

What is the main difference between TDSC and BSR?

They also come from different issuers: Exchange Traded Concepts and American Beacon. Their fees differ too: 0.69% for TDSC and 1.10% for BSR.

Which has better risk-adjusted returns?

TDSC currently has the higher Sharpe Ratio (2.25 vs 1.29), 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.