TDSC vs. MATE

Last updated Aug 2, 2026

TDSC (Cabana Target Drawdown 10 ETF) and MATE (Man Active Trend Enhanced ETF) are both Tactical Allocation funds. Both are actively managed. Their correlation of 0.80 means they have usually moved in the same direction. TDSC charges 0.69%/yr vs 0.97%/yr for MATE.

Performance

TDSC vs. MATE - Performance Comparison

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

Returns By Period

In the year-to-date period, TDSC achieves a 9.77% return, which is significantly lower than MATE's 16.80% return.

TDSC

• 1D: -0.09%
• 1M: -0.14%
• 6M: 6.11%
• YTD: 9.77%
• 1Y: 16.85%
• 3Y*: 9.32%
• 5Y*: 2.42%
• 10Y*: —
• ALL TIME*: 3.70%

MATE

• 1D: 1.04%
• 1M: 0.82%
• 6M: 7.78%
• YTD: 16.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MATE Man Active Trend Enhanced ETF	$292.25K	$229.16K	$177.20K
TDSC Cabana Target Drawdown 10 ETF	$120.89K	$454.17K	$283.51K

TDSC vs. MATE - Yearly Performance Comparison

	2026 (YTD)	2025
TDSC Cabana Target Drawdown 10 ETF	9.77%	0.59%
MATE Man Active Trend Enhanced ETF	16.80%	2.65%

Correlation

The correlation between TDSC and MATE is 0.80, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 17, 2025	0.80

Return for Risk

TDSC vs. MATE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TDSC

TDSC Risk / Return Rank: 78
TDSC Sharpe Ratio Rank: 76
TDSC Sortino Ratio Rank: 75
TDSC Omega Ratio Rank: 74
TDSC Calmar Ratio Rank: 82
TDSC Martin Ratio Rank: 81

MATE

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TDSC vs. MATE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cabana Target Drawdown 10 ETF (TDSC) and Man Active Trend Enhanced ETF (MATE). 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	MATE	Difference
Sharpe ratio: Return per unit of total volatility	1.73	—	—
Sortino ratio: Return per unit of downside risk	2.43	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	3.02	—	—
Martin ratio: Return relative to average drawdown	10.78	—	—

Drawdowns

TDSC vs. MATE - Drawdown Comparison

The maximum TDSC drawdown since its inception was -21.51%, which is greater than MATE's maximum drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for TDSC and MATE.

Drawdown Indicators

	TDSC	MATE	Difference
Max Drawdown Largest peak-to-trough decline	-21.51%	-13.24%	-8.27%
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	-1.77%	-3.36%	+1.59%
Average Drawdown Average peak-to-trough decline	-9.17%	-3.49%	-5.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.50%	—	—

Volatility

Volatility by Period

	TDSC	MATE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.16%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.36%	22.45%	-13.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.36%	22.45%	-12.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.23%	22.45%	-12.22%

TDSC vs. MATE - Expense Ratio Comparison

TDSC has a 0.69% expense ratio, which is lower than MATE's 0.97% expense ratio.

Dividends

TDSC vs. MATE - Dividend Comparison

TDSC's dividend yield for the trailing twelve months is around 1.61%, while MATE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
MATE Man Active Trend Enhanced ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TDSC Cabana Target Drawdown 10 ETF	1.61%	2.92%	2.06%	2.06%	1.76%	1.11%	0.54%

Frequently Asked Questions

Can I hold both TDSC and MATE in my portfolio?

TDSC and MATE have a correlation of 0.80, 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 MATE?

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 MATE?

TDSC is cheaper with a 0.69% expense ratio, compared with 0.97% for MATE.

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

TDSC has the higher dividend yield at 1.61%, compared with 0.00% for MATE.

What is the main difference between TDSC and MATE?

They also come from different issuers: Exchange Traded Concepts and Man Group. Their fees differ too: 0.69% for TDSC and 0.97% for MATE.