TDSC vs. FTSD

Last updated Jun 21, 2026

TDSC (Cabana Target Drawdown 10 ETF) and FTSD (Franklin Short Duration U.S. Government ETF) are both exchange-traded funds - TDSC is a Tactical Allocation fund actively managed by Exchange Traded Concepts, while FTSD is a Mortgage Backed Securities fund actively managed by Franklin Templeton. Both are actively managed. Over the past 5 years, TDSC returned 3.05%/yr vs 2.55%/yr for FTSD. At a 0.14 correlation, their price movements are largely independent. TDSC charges 0.69%/yr vs 0.25%/yr for FTSD.

Performance

TDSC vs. FTSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cabana Target Drawdown 10 ETF (TDSC) and Franklin Short Duration U.S. Government ETF (FTSD). 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 FTSD's 0.91% return.

TDSC

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

FTSD

• 1D: 0.07%
• 1M: 0.32%
• YTD: 0.91%
• 6M: 1.20%
• 1Y: 4.06%
• 3Y*: 5.02%
• 5Y*: 2.55%
• 10Y*: 2.08%

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

TDSC vs. FTSD - 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%
FTSD Franklin Short Duration U.S. Government ETF	0.91%	5.66%	5.20%	4.84%	-3.13%	-0.90%	0.35%

Correlation

The correlation between TDSC and FTSD is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020	0.14

Return for Risk

TDSC vs. FTSD — 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

FTSD

FTSD Risk / Return Rank: 95
FTSD Sharpe Ratio Rank: 93
FTSD Sortino Ratio Rank: 95
FTSD Omega Ratio Rank: 94
FTSD Calmar Ratio Rank: 97
FTSD Martin Ratio Rank: 97

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. FTSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cabana Target Drawdown 10 ETF (TDSC) and Franklin Short Duration U.S. Government ETF (FTSD). 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	FTSD	Difference
Sharpe ratio: Return per unit of total volatility	1.96	3.13	-1.17
Sortino ratio: Return per unit of downside risk	2.70	4.86	-2.16
Omega ratio: Gain probability vs. loss probability	1.35	1.65	-0.30
Calmar ratio: Return relative to maximum drawdown	3.44	9.46	-6.02
Martin ratio: Return relative to average drawdown	12.83	37.12	-24.29

TDSC vs. FTSD - Sharpe Ratio Comparison

The current TDSC Sharpe Ratio is 1.96, which is lower than the FTSD Sharpe Ratio of 3.13. The chart below compares the historical Sharpe Ratios of TDSC and FTSD, 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. FTSD - Drawdown Comparison

The maximum TDSC drawdown since its inception was -21.51%, which is greater than FTSD's maximum drawdown of -5.32%. Use the drawdown chart below to compare losses from any high point for TDSC and FTSD.

Drawdown Indicators

	TDSC	FTSD	Difference
Max Drawdown Largest peak-to-trough decline	-21.51%	-5.32%	-16.19%
Max Drawdown (1Y) Largest decline over 1 year	-5.35%	-0.45%	-4.90%
Max Drawdown (3Y) Largest decline over 3 years	-14.24%	-0.93%	-13.31%
Max Drawdown (5Y) Largest decline over 5 years	-21.51%	-4.96%	-16.55%
Max Drawdown (10Y) Largest decline over 10 years	—	-5.32%	—
Current Drawdown Current decline from peak	-1.78%	-0.22%	-1.56%
Average Drawdown Average peak-to-trough decline	-9.32%	-0.60%	-8.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.43%	0.11%	+1.32%

Volatility

TDSC vs. FTSD - Volatility Comparison

Cabana Target Drawdown 10 ETF (TDSC) has a higher volatility of 3.63% compared to Franklin Short Duration U.S. Government ETF (FTSD) at 0.58%. This indicates that TDSC's price experiences larger fluctuations and is considered to be riskier than FTSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TDSC	FTSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.63%	0.58%	+3.05%
Volatility (6M) Calculated over the trailing 6-month period	7.27%	1.09%	+6.18%
Volatility (1Y) Calculated over the trailing 1-year period	9.38%	1.37%	+8.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.37%	1.86%	+8.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.28%	1.80%	+8.48%

TDSC vs. FTSD - Expense Ratio Comparison

TDSC has a 0.69% expense ratio, which is higher than FTSD's 0.25% expense ratio.

Dividends

TDSC vs. FTSD - Dividend Comparison

TDSC's dividend yield for the trailing twelve months is around 2.04%, less than FTSD's 4.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTSD Franklin Short Duration U.S. Government ETF	4.50%	4.67%	4.75%	4.14%	1.73%	1.01%	1.54%	2.90%	2.63%	2.24%	1.92%	1.52%
TDSC Cabana Target Drawdown 10 ETF	2.04%	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 FTSD in my portfolio?

TDSC and FTSD have a correlation of 0.11, 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 FTSD?

TDSC has higher volatility (3.63%) compared to FTSD (0.58%). In terms of maximum drawdown, TDSC dropped -21.51% vs FTSD's -5.32%.

Which ETF is better, TDSC or FTSD?

On 5-year performance, TDSC leads with 3.05% vs 2.55% for FTSD. On fees, FTSD is cheaper at 0.25% per year. On volatility, FTSD has been the lower-risk option at 0.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TDSC or FTSD?

Over the 5-year period, TDSC has performed better with a 3.05% return vs 2.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDSC or FTSD?

FTSD is cheaper with a 0.25% expense ratio, compared with 0.69% for TDSC.

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

FTSD has the higher dividend yield at 4.50%, compared with 2.04% for TDSC.

What is the main difference between TDSC and FTSD?

TDSC is categorized as Tactical Allocation, while FTSD is Mortgage Backed Securities. They also come from different issuers: Exchange Traded Concepts and Franklin Templeton. Their fees differ too: 0.69% for TDSC and 0.25% for FTSD.

Which has better risk-adjusted returns?

FTSD currently has the higher Sharpe Ratio (3.13 vs 1.96), 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.