TDSC vs. EMQQ

Last updated Jun 3, 2026

TDSC (Cabana Target Drawdown 10 ETF) and EMQQ (EMQQ The Emerging Markets Internet ETF) are both exchange-traded funds - TDSC is a Tactical Allocation fund actively managed by Exchange Traded Concepts, while EMQQ is a Emerging Markets Equities fund tracking the EMQQ The Emerging Markets Internet Index. TDSC is actively managed, while EMQQ is passively managed. Over the past 5 years, TDSC returned 3.44%/yr vs -10.61%/yr for EMQQ. At a 0.42 correlation, their price movements are largely independent. TDSC charges 0.69%/yr vs 0.86%/yr for EMQQ.

Performance

TDSC vs. EMQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cabana Target Drawdown 10 ETF (TDSC) and EMQQ The Emerging Markets Internet ETF (EMQQ). 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 higher than EMQQ's -17.59% return.

TDSC

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

EMQQ

• 1D: 1.06%
• 1M: -3.20%
• YTD: -17.59%
• 6M: -19.58%
• 1Y: -13.29%
• 3Y*: 6.20%
• 5Y*: -10.61%
• 10Y*: 4.86%

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

TDSC vs. EMQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TDSC Cabana Target Drawdown 10 ETF	11.58%	6.56%	7.10%	7.63%	-19.67%	14.81%	-0.11%
EMQQ EMQQ The Emerging Markets Internet ETF	-17.59%	20.66%	13.79%	4.48%	-30.70%	-32.53%	22.43%

Correlation

The correlation between TDSC and EMQQ is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020	0.42

The correlation between TDSC and EMQQ shifts across timeframes, from 0.40 (5 years) to 0.51 (1 year), reflecting how their relationship changes across market environments.

TDSC vs. EMQQ - Sectors Allocation Comparison

Sectors	TDSC	EMQQ
Technology	28.5%	8.2%
Healthcare	19.9%	0.0%
Energy	17.6%	-
Utilities	15.0%	0.4%
Communication Services	4.7%	6.8%
Consumer Cyclical	4.3%	33.1%
Financial Services	3.9%	3.6%
Consumer Defensive	3.4%	0.2%
Industrials	2.0%	0.3%
Basic Materials	0.7%	-
Real Estate	0.1%	2.7%

Return for Risk

TDSC vs. EMQQ — 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

EMQQ

EMQQ Risk / Return Rank: 4
EMQQ Sharpe Ratio Rank: 3
EMQQ Sortino Ratio Rank: 3
EMQQ Omega Ratio Rank: 3
EMQQ Calmar Ratio Rank: 5
EMQQ Martin Ratio Rank: 5

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. EMQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cabana Target Drawdown 10 ETF (TDSC) and EMQQ The Emerging Markets Internet ETF (EMQQ). 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	EMQQ	Difference
Sharpe ratio Return per unit of total volatility	2.30	-0.65	+2.96
Sortino ratio Return per unit of downside risk	3.24	-0.84	+4.08
Omega ratio Gain probability vs. loss probability	1.41	0.91	+0.50
Calmar ratio Return relative to maximum drawdown	3.85	-0.41	+4.27
Martin ratio Return relative to average drawdown	15.00	-0.83	+15.83
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. EMQQ - Sharpe Ratio Comparison

The current TDSC Sharpe Ratio is 2.30, which is higher than the EMQQ Sharpe Ratio of -0.65. The chart below compares the historical Sharpe Ratios of TDSC and EMQQ, 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	EMQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	-0.65	+2.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	-0.32	+0.66
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.10	+0.31

Drawdowns

TDSC vs. EMQQ - Drawdown Comparison

The maximum TDSC drawdown since its inception was -21.51%, smaller than the maximum EMQQ drawdown of -73.24%. Use the drawdown chart below to compare losses from any high point for TDSC and EMQQ.

Drawdown Indicators

	TDSC	EMQQ	Difference
Max Drawdown Largest peak-to-trough decline	-21.51%	-73.24%	+51.73%
Max Drawdown (1Y) Largest decline over 1 year	-5.35%	-29.96%	+24.61%
Max Drawdown (3Y) Largest decline over 3 years	-14.24%	-29.96%	+15.72%
Max Drawdown (5Y) Largest decline over 5 years	-21.51%	-66.31%	+44.80%
Max Drawdown (10Y) Largest decline over 10 years	—	-73.24%	—
Current Drawdown Current decline from peak	0.00%	-56.59%	+56.59%
Average Drawdown Average peak-to-trough decline	-9.39%	-31.35%	+21.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.37%	14.93%	-13.56%

Volatility

TDSC vs. EMQQ - Volatility Comparison

The current volatility for Cabana Target Drawdown 10 ETF (TDSC) is 2.12%, while EMQQ The Emerging Markets Internet ETF (EMQQ) has a volatility of 6.58%. This indicates that TDSC experiences smaller price fluctuations and is considered to be less risky than EMQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TDSC	EMQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.12%	6.58%	-4.46%
Volatility (6M) Calculated over the trailing 6-month period	6.64%	16.17%	-9.53%
Volatility (1Y) Calculated over the trailing 1-year period	8.89%	20.46%	-11.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.28%	33.12%	-22.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.23%	30.60%	-20.37%

TDSC vs. EMQQ - Expense Ratio Comparison

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

Dividends

TDSC vs. EMQQ - Dividend Comparison

TDSC's dividend yield for the trailing twelve months is around 2.00%, less than EMQQ's 3.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMQQ EMQQ The Emerging Markets Internet ETF	3.75%	3.09%	1.70%	0.79%	0.00%	0.00%	0.18%	1.29%	0.00%	0.94%	0.75%	0.08%
TDSC Cabana Target Drawdown 10 ETF	2.00%	2.92%	2.06%	2.06%	1.76%	1.11%	0.54%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TDSC and EMQQ in my portfolio?

TDSC and EMQQ have a correlation of 0.51, 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 EMQQ?

EMQQ has higher volatility (6.58%) compared to TDSC (2.12%). In terms of maximum drawdown, TDSC dropped -21.51% vs EMQQ's -73.24%.

Which ETF is better, TDSC or EMQQ?

On 5-year performance, TDSC leads with 3.44% vs -10.61% for EMQQ. On fees, TDSC is cheaper at 0.69% per year. On volatility, TDSC has been the lower-risk option at 2.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TDSC or EMQQ?

Over the 5-year period, TDSC has performed better with a 3.44% return vs -10.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDSC or EMQQ?

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

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

EMQQ has the higher dividend yield at 3.75%, compared with 2.00% for TDSC.

What is the main difference between TDSC and EMQQ?

TDSC is categorized as Tactical Allocation, while EMQQ is Emerging Markets Equities. Their fees differ too: 0.69% for TDSC and 0.86% for EMQQ.

Which has better risk-adjusted returns?

TDSC currently has the higher Sharpe Ratio (2.30 vs -0.65), 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.