THNQ vs. TDSC

Last updated Jun 24, 2026

THNQ (ROBO Global Artificial Intelligence ETF) and TDSC (Cabana Target Drawdown 10 ETF) are both exchange-traded funds - THNQ is a Technology Equities fund tracking the ROBO Global Artificial Intelligence Index, while TDSC is a Tactical Allocation fund actively managed by Exchange Traded Concepts. THNQ is passively managed, while TDSC is actively managed. Over the past 5 years, THNQ returned 15.08%/yr vs 2.67%/yr for TDSC. A 0.62 correlation means they provide meaningful diversification when combined. THNQ charges 0.68%/yr vs 0.69%/yr for TDSC.

Performance

THNQ vs. TDSC - Performance Comparison

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

Returns By Period

In the year-to-date period, THNQ achieves a 36.10% return, which is significantly higher than TDSC's 8.99% return.

THNQ

• 1D: -3.25%
• 1M: 2.00%
• YTD: 36.10%
• 6M: 33.52%
• 1Y: 66.41%
• 3Y*: 35.10%
• 5Y*: 15.08%
• 10Y*: —

TDSC

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

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

THNQ vs. TDSC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
THNQ ROBO Global Artificial Intelligence ETF	36.10%	29.83%	18.82%	56.81%	-39.84%	9.10%	25.91%
TDSC Cabana Target Drawdown 10 ETF	8.99%	6.56%	7.10%	7.63%	-19.67%	14.81%	-0.50%

Correlation

The correlation between THNQ and TDSC is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020	0.62

The correlation between THNQ and TDSC has been stable across timeframes, ranging from 0.62 to 0.65 - a consistent structural relationship.

Return for Risk

THNQ vs. TDSC — Risk / Return Rank

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

THNQ

THNQ Risk / Return Rank: 70
THNQ Sharpe Ratio Rank: 77
THNQ Sortino Ratio Rank: 66
THNQ Omega Ratio Rank: 65
THNQ Calmar Ratio Rank: 75
THNQ Martin Ratio Rank: 66

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

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.

THNQ vs. TDSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ROBO Global Artificial Intelligence ETF (THNQ) and Cabana Target Drawdown 10 ETF (TDSC). 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.

	THNQ	TDSC	Difference
Sharpe ratio: Return per unit of total volatility	2.34	1.78	+0.56
Sortino ratio: Return per unit of downside risk	2.87	2.47	+0.40
Omega ratio: Gain probability vs. loss probability	1.37	1.32	+0.05
Calmar ratio: Return relative to maximum drawdown	3.63	3.13	+0.50
Martin ratio: Return relative to average drawdown	11.47	11.61	-0.14

THNQ vs. TDSC - Sharpe Ratio Comparison

The current THNQ Sharpe Ratio is 2.34, which is higher than the TDSC Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of THNQ and TDSC, 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

THNQ vs. TDSC - Drawdown Comparison

The maximum THNQ drawdown since its inception was -50.56%, which is greater than TDSC's maximum drawdown of -21.51%. Use the drawdown chart below to compare losses from any high point for THNQ and TDSC.

Drawdown Indicators

	THNQ	TDSC	Difference
Max Drawdown Largest peak-to-trough decline	-50.56%	-21.51%	-29.05%
Max Drawdown (1Y) Largest decline over 1 year	-18.39%	-5.35%	-13.04%
Max Drawdown (3Y) Largest decline over 3 years	-29.88%	-14.24%	-15.64%
Max Drawdown (5Y) Largest decline over 5 years	-50.56%	-21.51%	-29.05%
Current Drawdown Current decline from peak	-7.60%	-2.47%	-5.13%
Average Drawdown Average peak-to-trough decline	-15.00%	-9.31%	-5.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.81%	1.44%	+4.37%

Volatility

THNQ vs. TDSC - Volatility Comparison

ROBO Global Artificial Intelligence ETF (THNQ) has a higher volatility of 13.15% compared to Cabana Target Drawdown 10 ETF (TDSC) at 3.67%. This indicates that THNQ's price experiences larger fluctuations and is considered to be riskier than TDSC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	THNQ	TDSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.15%	3.67%	+9.48%
Volatility (6M) Calculated over the trailing 6-month period	23.09%	7.31%	+15.78%
Volatility (1Y) Calculated over the trailing 1-year period	28.49%	9.42%	+19.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.48%	10.38%	+19.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.89%	10.27%	+18.62%

THNQ vs. TDSC - Expense Ratio Comparison

THNQ has a 0.68% expense ratio, which is lower than TDSC's 0.69% expense ratio.

Dividends

THNQ vs. TDSC - Dividend Comparison

THNQ's dividend yield for the trailing twelve months is around 0.15%, less than TDSC's 2.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
TDSC Cabana Target Drawdown 10 ETF	2.05%	2.92%	2.06%	2.06%	1.76%	1.11%	0.54%
THNQ ROBO Global Artificial Intelligence ETF	0.15%	0.20%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both THNQ and TDSC in my portfolio?

THNQ and TDSC have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, THNQ or TDSC?

THNQ has higher volatility (13.15%) compared to TDSC (3.67%). In terms of maximum drawdown, THNQ dropped -50.56% vs TDSC's -21.51%.

Which ETF is better, THNQ or TDSC?

On 5-year performance, THNQ leads with 15.08% vs 2.67% for TDSC. On fees, THNQ is cheaper at 0.68% per year. On volatility, TDSC has been the lower-risk option at 3.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, THNQ or TDSC?

Over the 5-year period, THNQ has performed better with a 15.08% return vs 2.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, THNQ or TDSC?

THNQ is cheaper with a 0.68% expense ratio, compared with 0.69% for TDSC.

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

TDSC has the higher dividend yield at 2.05%, compared with 0.15% for THNQ.

What is the main difference between THNQ and TDSC?

THNQ is categorized as Technology Equities, while TDSC is Tactical Allocation. Their fees differ too: 0.68% for THNQ and 0.69% for TDSC.

Which has better risk-adjusted returns?

THNQ currently has the higher Sharpe Ratio (2.34 vs 1.78), 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.