TDSC vs. HYLD

Last updated Jun 24, 2026

TDSC (Cabana Target Drawdown 10 ETF) and HYLD (High Yield ETF) are both exchange-traded funds - TDSC is a Tactical Allocation fund actively managed by Exchange Traded Concepts, while HYLD is a High Yield Bonds fund actively managed by Exchange Traded Concepts. Both are actively managed. At a 0.20 correlation, their price movements are largely independent. TDSC charges 0.69%/yr vs 1.29%/yr for HYLD.

Performance

TDSC vs. HYLD - Performance Comparison

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

Returns By Period

TDSC

• 1D: -0.84%
• 1M: -1.31%
• YTD: 8.99%
• 6M: 8.11%
• 1Y: 16.68%
• 3Y*: 10.55%
• 5Y*: 2.67%
• 10Y*: —

HYLD

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TDSC vs. HYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TDSC Cabana Target Drawdown 10 ETF	8.99%	6.56%	7.10%	7.63%	-19.67%	14.81%	-0.50%
HYLD High Yield ETF	0.00%	0.00%	0.00%	2.80%	-11.48%	5.41%	5.88%

Correlation

The correlation between TDSC and HYLD is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020	0.20

The correlation between TDSC and HYLD shifts across timeframes, from 0.10 (3 years) to 0.21 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

TDSC vs. HYLD — Risk / Return Rank

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

TDSC

TDSC Risk / Return Rank: 61
TDSC Sharpe Ratio Rank: 57
TDSC Sortino Ratio Rank: 56
TDSC Omega Ratio Rank: 54
TDSC Calmar Ratio Rank: 68
TDSC Martin Ratio Rank: 68

HYLD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. HYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cabana Target Drawdown 10 ETF (TDSC) and High Yield ETF (HYLD). 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	HYLD	Difference
Sharpe ratio: Return per unit of total volatility	1.78	—	—
Sortino ratio: Return per unit of downside risk	2.47	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	3.13	—	—
Martin ratio: Return relative to average drawdown	11.61	—	—

Drawdowns

Drawdown Indicators

	TDSC	HYLD	Difference
Max Drawdown Largest peak-to-trough decline	-21.51%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-5.35%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.24%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.51%	—	—
Current Drawdown Current decline from peak	-2.47%	—	—
Average Drawdown Average peak-to-trough decline	-9.31%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.44%	—	—

Volatility

Volatility by Period

	TDSC	HYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.42%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.38%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.27%	—	—

TDSC vs. HYLD - Expense Ratio Comparison

TDSC has a 0.69% expense ratio, which is lower than HYLD's 1.29% expense ratio.

Dividends

TDSC vs. HYLD - Dividend Comparison

TDSC's dividend yield for the trailing twelve months is around 2.05%, while HYLD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYLD High Yield ETF	0.00%	0.00%	0.00%	4.67%	7.86%	6.45%	7.52%	7.46%	7.97%	7.18%	6.59%	10.87%
TDSC Cabana Target Drawdown 10 ETF	2.05%	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 HYLD in my portfolio?

TDSC and HYLD have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TDSC or HYLD?

On fees, TDSC is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDSC or HYLD?

TDSC is cheaper with a 0.69% expense ratio, compared with 1.29% for HYLD.

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

TDSC has the higher dividend yield at 2.05%, compared with 0.00% for HYLD.

What is the main difference between TDSC and HYLD?

TDSC is categorized as Tactical Allocation, while HYLD is High Yield Bonds. Their fees differ too: 0.69% for TDSC and 1.29% for HYLD.