TDSC vs. INDF

Last updated Jun 3, 2026

TDSC (Cabana Target Drawdown 10 ETF) and INDF (Nifty India Financials ETF) are both exchange-traded funds - TDSC is a Tactical Allocation fund actively managed by Exchange Traded Concepts, while INDF is a Financials Equities fund tracking the Nifty Financial Services 25/50 Index. TDSC is actively managed, while INDF is passively managed. At a 0.34 correlation, their price movements are largely independent. TDSC charges 0.69%/yr vs 0.75%/yr for INDF.

Performance

TDSC vs. INDF - Performance Comparison

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

Returns By Period

TDSC

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

INDF

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

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

TDSC vs. INDF - 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%	0.18%
INDF Nifty India Financials ETF	0.00%	8.17%	6.32%	19.86%	-5.28%	11.95%	23.97%

Correlation

The correlation between TDSC and INDF is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (All Time) Calculated using the full available price history since Oct 22, 2020	0.34

The correlation between TDSC and INDF shifts across timeframes, from 0.16 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.

TDSC vs. INDF - Sectors Allocation Comparison

Sectors	TDSC	INDF
Technology	28.5%	-
Healthcare	19.9%	-
Energy	17.6%	-
Utilities	15.0%	-
Communication Services	4.7%	-
Consumer Cyclical	4.3%	-
Financial Services	3.9%	100.0%
Consumer Defensive	3.4%	-
Industrials	2.0%	-
Basic Materials	0.7%	-
Real Estate	0.1%	-

Return for Risk

TDSC vs. INDF — 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

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. INDF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cabana Target Drawdown 10 ETF (TDSC) and Nifty India Financials ETF (INDF). 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	INDF	Difference
Sharpe ratio Return per unit of total volatility	2.30	—	—
Sortino ratio Return per unit of downside risk	3.24	—	—
Omega ratio Gain probability vs. loss probability	1.41	—	—
Calmar ratio Return relative to maximum drawdown	3.85	—	—
Martin ratio Return relative to average drawdown	15.00	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TDSC	INDF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	—	—

Drawdowns

Drawdown Indicators

	TDSC	INDF	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	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-9.39%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.37%	—	—

Volatility

Volatility by Period

	TDSC	INDF	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.12%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.64%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.89%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.28%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.23%	—	—

TDSC vs. INDF - Expense Ratio Comparison

TDSC has a 0.69% expense ratio, which is lower than INDF's 0.75% expense ratio.

Dividends

TDSC vs. INDF - Dividend Comparison

TDSC's dividend yield for the trailing twelve months is around 2.00%, less than INDF's 21.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
INDF Nifty India Financials ETF	21.29%	21.29%	6.15%	8.84%	3.12%	1.58%	0.00%
TDSC Cabana Target Drawdown 10 ETF	2.00%	2.92%	2.06%	2.06%	1.76%	1.11%	0.54%

Frequently Asked Questions

Can I hold both TDSC and INDF in my portfolio?

TDSC and INDF have a correlation of 0.16, 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 INDF?

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 INDF?

TDSC is cheaper with a 0.69% expense ratio, compared with 0.75% for INDF.

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

INDF has the higher dividend yield at 21.29%, compared with 2.00% for TDSC.

What is the main difference between TDSC and INDF?

TDSC is categorized as Tactical Allocation, while INDF is Financials Equities. Their fees differ too: 0.69% for TDSC and 0.75% for INDF.