TDSC vs. FLGV

Last updated Jun 21, 2026

TDSC (Cabana Target Drawdown 10 ETF) and FLGV (Franklin Liberty U.S. Treasury Bond ETF) are both exchange-traded funds - TDSC is a Tactical Allocation fund actively managed by Exchange Traded Concepts, while FLGV is a Government Bonds fund actively managed by Franklin Templeton. Both are actively managed. Over the past 5 years, TDSC returned 3.05%/yr vs -0.18%/yr for FLGV. At a 0.22 correlation, their price movements are largely independent. TDSC charges 0.69%/yr vs 0.09%/yr for FLGV.

Performance

TDSC vs. FLGV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cabana Target Drawdown 10 ETF (TDSC) and Franklin Liberty U.S. Treasury Bond ETF (FLGV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TDSC achieves a 9.75% return, which is significantly higher than FLGV's 0.40% return.

TDSC

• 1D: 0.66%
• 1M: -0.05%
• YTD: 9.75%
• 6M: 9.97%
• 1Y: 18.48%
• 3Y*: 10.14%
• 5Y*: 3.05%
• 10Y*: —

FLGV

• 1D: 0.27%
• 1M: 0.82%
• YTD: 0.40%
• 6M: 0.36%
• 1Y: 3.71%
• 3Y*: 3.11%
• 5Y*: -0.18%
• 10Y*: —

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

TDSC vs. FLGV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TDSC Cabana Target Drawdown 10 ETF	9.75%	6.56%	7.10%	7.63%	-19.67%	14.81%	-0.50%
FLGV Franklin Liberty U.S. Treasury Bond ETF	0.40%	6.22%	0.62%	4.18%	-11.53%	-2.39%	-0.52%

Correlation

The correlation between TDSC and FLGV is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020	0.22

Return for Risk

TDSC vs. FLGV — Risk / Return Rank

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

TDSC

TDSC Risk / Return Rank: 65
TDSC Sharpe Ratio Rank: 61
TDSC Sortino Ratio Rank: 60
TDSC Omega Ratio Rank: 59
TDSC Calmar Ratio Rank: 71
TDSC Martin Ratio Rank: 72

FLGV

FLGV Risk / Return Rank: 28
FLGV Sharpe Ratio Rank: 29
FLGV Sortino Ratio Rank: 29
FLGV Omega Ratio Rank: 26
FLGV Calmar Ratio Rank: 28
FLGV Martin Ratio Rank: 28

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. FLGV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cabana Target Drawdown 10 ETF (TDSC) and Franklin Liberty U.S. Treasury Bond ETF (FLGV). 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.

	TDSC	FLGV	Difference
Sharpe ratio: Return per unit of total volatility	1.96	1.02	+0.94
Sortino ratio: Return per unit of downside risk	2.70	1.55	+1.16
Omega ratio: Gain probability vs. loss probability	1.35	1.18	+0.17
Calmar ratio: Return relative to maximum drawdown	3.44	1.33	+2.11
Martin ratio: Return relative to average drawdown	12.83	3.69	+9.14

TDSC vs. FLGV - Sharpe Ratio Comparison

The current TDSC Sharpe Ratio is 1.96, which is higher than the FLGV Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of TDSC and FLGV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TDSC vs. FLGV - Drawdown Comparison

The maximum TDSC drawdown since its inception was -21.51%, which is greater than FLGV's maximum drawdown of -17.63%. Use the drawdown chart below to compare losses from any high point for TDSC and FLGV.

Drawdown Indicators

	TDSC	FLGV	Difference
Max Drawdown Largest peak-to-trough decline	-21.51%	-17.63%	-3.88%
Max Drawdown (1Y) Largest decline over 1 year	-5.35%	-2.82%	-2.53%
Max Drawdown (3Y) Largest decline over 3 years	-14.24%	-5.23%	-9.01%
Max Drawdown (5Y) Largest decline over 5 years	-21.51%	-15.26%	-6.25%
Current Drawdown Current decline from peak	-1.78%	-5.21%	+3.43%
Average Drawdown Average peak-to-trough decline	-9.32%	-8.70%	-0.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.43%	1.01%	+0.42%

Volatility

TDSC vs. FLGV - Volatility Comparison

Cabana Target Drawdown 10 ETF (TDSC) has a higher volatility of 3.63% compared to Franklin Liberty U.S. Treasury Bond ETF (FLGV) at 1.07%. This indicates that TDSC's price experiences larger fluctuations and is considered to be riskier than FLGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TDSC	FLGV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.63%	1.07%	+2.56%
Volatility (6M) Calculated over the trailing 6-month period	7.27%	2.58%	+4.69%
Volatility (1Y) Calculated over the trailing 1-year period	9.38%	3.68%	+5.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.37%	5.43%	+4.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.28%	5.14%	+5.14%

TDSC vs. FLGV - Expense Ratio Comparison

TDSC has a 0.69% expense ratio, which is higher than FLGV's 0.09% expense ratio.

Dividends

TDSC vs. FLGV - Dividend Comparison

TDSC's dividend yield for the trailing twelve months is around 2.04%, less than FLGV's 4.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
FLGV Franklin Liberty U.S. Treasury Bond ETF	4.14%	4.07%	4.13%	3.46%	2.21%	1.92%	0.97%
TDSC Cabana Target Drawdown 10 ETF	2.04%	2.92%	2.06%	2.06%	1.76%	1.11%	0.54%

Frequently Asked Questions

Can I hold both TDSC and FLGV in my portfolio?

TDSC and FLGV have a correlation of 0.30, 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 FLGV?

TDSC has higher volatility (3.63%) compared to FLGV (1.07%). In terms of maximum drawdown, TDSC dropped -21.51% vs FLGV's -17.63%.

Which ETF is better, TDSC or FLGV?

On 5-year performance, TDSC leads with 3.05% vs -0.18% for FLGV. On fees, FLGV is cheaper at 0.09% per year. On volatility, FLGV has been the lower-risk option at 1.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TDSC or FLGV?

Over the 5-year period, TDSC has performed better with a 3.05% return vs -0.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDSC or FLGV?

FLGV is cheaper with a 0.09% expense ratio, compared with 0.69% for TDSC.

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

FLGV has the higher dividend yield at 4.14%, compared with 2.04% for TDSC.

What is the main difference between TDSC and FLGV?

TDSC is categorized as Tactical Allocation, while FLGV is Government Bonds. They also come from different issuers: Exchange Traded Concepts and Franklin Templeton. Their fees differ too: 0.69% for TDSC and 0.09% for FLGV.

Which has better risk-adjusted returns?

TDSC currently has the higher Sharpe Ratio (1.96 vs 1.02), 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.