TDSC vs. THRO

Last updated Jun 4, 2026

TDSC (Cabana Target Drawdown 10 ETF) and THRO (iShares U.S. Thematic Rotation Active ETF) are both Tactical Allocation funds. Both are actively managed. Over the past 3 years, TDSC returned 11.01%/yr vs 24.41%/yr for THRO. A 0.67 correlation means they provide meaningful diversification when combined. TDSC charges 0.69%/yr vs 0.60%/yr for THRO.

Performance

TDSC vs. THRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cabana Target Drawdown 10 ETF (TDSC) and iShares U.S. Thematic Rotation Active ETF (THRO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TDSC achieves a 11.42% return, which is significantly lower than THRO's 12.78% return.

TDSC

• 1D: -0.14%
• 1M: 3.77%
• YTD: 11.42%
• 6M: 10.93%
• 1Y: 19.88%
• 3Y*: 11.01%
• 5Y*: 3.28%
• 10Y*: —

THRO

• 1D: -0.55%
• 1M: 6.78%
• YTD: 12.78%
• 6M: 12.56%
• 1Y: 26.45%
• 3Y*: 24.41%
• 5Y*: —
• 10Y*: —

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

TDSC vs. THRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TDSC Cabana Target Drawdown 10 ETF	11.42%	6.56%	7.10%	7.63%	-19.67%	2.76%
THRO iShares U.S. Thematic Rotation Active ETF	12.78%	15.04%	32.03%	24.40%	-17.85%	2.14%

Correlation

The correlation between TDSC and THRO is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021	0.67

The correlation between TDSC and THRO has been stable across timeframes, ranging from 0.67 to 0.72 - a consistent structural relationship.

TDSC vs. THRO - Sectors Allocation Comparison

Sectors	TDSC	THRO
Technology	28.5%	40.7%
Healthcare	19.9%	6.6%
Energy	17.6%	1.7%
Utilities	15.0%	0.1%
Communication Services	4.7%	11.6%
Consumer Cyclical	4.3%	8.6%
Financial Services	3.9%	12.1%
Consumer Defensive	3.4%	7.1%
Industrials	2.0%	10.4%
Basic Materials	0.7%	0.9%
Real Estate	0.1%	-

Return for Risk

TDSC vs. THRO — 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: 69
TDSC Omega Ratio Rank: 67
TDSC Calmar Ratio Rank: 75
TDSC Martin Ratio Rank: 76

THRO

THRO Risk / Return Rank: 57
THRO Sharpe Ratio Rank: 60
THRO Sortino Ratio Rank: 60
THRO Omega Ratio Rank: 57
THRO Calmar Ratio Rank: 49
THRO Martin Ratio Rank: 60

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. THRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cabana Target Drawdown 10 ETF (TDSC) and iShares U.S. Thematic Rotation Active ETF (THRO). 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	THRO	Difference
Sharpe ratio Return per unit of total volatility	2.25	2.05	+0.20
Sortino ratio Return per unit of downside risk	3.17	2.86	+0.31
Omega ratio Gain probability vs. loss probability	1.40	1.36	+0.04
Calmar ratio Return relative to maximum drawdown	3.74	2.44	+1.29
Martin ratio Return relative to average drawdown	14.51	10.84	+3.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TDSC vs. THRO - Sharpe Ratio Comparison

The current TDSC Sharpe Ratio is 2.25, which is comparable to the THRO Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of TDSC and THRO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TDSC	THRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	2.05	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.75	-0.34

Drawdowns

TDSC vs. THRO - Drawdown Comparison

The maximum TDSC drawdown since its inception was -21.51%, smaller than the maximum THRO drawdown of -26.54%. Use the drawdown chart below to compare losses from any high point for TDSC and THRO.

Drawdown Indicators

	TDSC	THRO	Difference
Max Drawdown Largest peak-to-trough decline	-21.51%	-26.54%	+5.03%
Max Drawdown (1Y) Largest decline over 1 year	-5.35%	-10.87%	+5.52%
Max Drawdown (3Y) Largest decline over 3 years	-14.24%	-19.07%	+4.83%
Max Drawdown (5Y) Largest decline over 5 years	-21.51%	—	—
Current Drawdown Current decline from peak	-0.14%	-0.55%	+0.41%
Average Drawdown Average peak-to-trough decline	-9.38%	-6.69%	-2.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.37%	2.45%	-1.08%

Volatility

TDSC vs. THRO - Volatility Comparison

The current volatility for Cabana Target Drawdown 10 ETF (TDSC) is 2.06%, while iShares U.S. Thematic Rotation Active ETF (THRO) has a volatility of 3.47%. This indicates that TDSC experiences smaller price fluctuations and is considered to be less risky than THRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TDSC	THRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.06%	3.47%	-1.41%
Volatility (6M) Calculated over the trailing 6-month period	6.61%	10.09%	-3.48%
Volatility (1Y) Calculated over the trailing 1-year period	8.90%	13.00%	-4.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.28%	18.72%	-8.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.22%	18.72%	-8.50%

TDSC vs. THRO - Expense Ratio Comparison

TDSC has a 0.69% expense ratio, which is higher than THRO's 0.60% expense ratio.

Dividends

TDSC vs. THRO - Dividend Comparison

TDSC's dividend yield for the trailing twelve months is around 2.01%, more than THRO's 0.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
TDSC Cabana Target Drawdown 10 ETF	2.01%	2.92%	2.06%	2.06%	1.76%	1.11%	0.54%
THRO iShares U.S. Thematic Rotation Active ETF	0.16%	0.15%	0.73%	0.55%	0.90%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TDSC and THRO in my portfolio?

TDSC and THRO have a correlation of 0.71, 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 THRO?

THRO has higher volatility (3.47%) compared to TDSC (2.06%). In terms of maximum drawdown, TDSC dropped -21.51% vs THRO's -26.54%.

Which ETF is better, TDSC or THRO?

On 3-year performance, THRO leads with 24.41% vs 11.01% for TDSC. On fees, THRO is cheaper at 0.60% per year. On volatility, TDSC has been the lower-risk option at 2.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TDSC or THRO?

Over the 3-year period, THRO has performed better with a 24.41% return vs 11.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDSC or THRO?

THRO is cheaper with a 0.60% expense ratio, compared with 0.69% for TDSC.

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

TDSC has the higher dividend yield at 2.01%, compared with 0.16% for THRO.

What is the main difference between TDSC and THRO?

They also come from different issuers: Exchange Traded Concepts and iShares. Their fees differ too: 0.69% for TDSC and 0.60% for THRO.

Which has better risk-adjusted returns?

TDSC currently has the higher Sharpe Ratio (2.25 vs 2.05), 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.