THRO vs. TDSA

Last updated Jun 4, 2026

THRO (iShares U.S. Thematic Rotation Active ETF) and TDSA (Cabana Target Drawdown 5 ETF) are both Tactical Allocation funds. THRO is actively managed, while TDSA is passively managed. THRO charges 0.60%/yr vs 0.83%/yr for TDSA.

Performance

THRO vs. TDSA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Thematic Rotation Active ETF (THRO) and Cabana Target Drawdown 5 ETF (TDSA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

THRO

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

TDSA

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

THRO vs. TDSA - Yearly Performance Comparison

	2026 (YTD)
THRO iShares U.S. Thematic Rotation Active ETF	12.32%
TDSA Cabana Target Drawdown 5 ETF	0.00%

THRO vs. TDSA - Sectors Allocation Comparison

Sectors	THRO	TDSA
Technology	40.7%	24.3%
Financial Services	12.1%	4.7%
Communication Services	11.6%	6.5%
Industrials	10.4%	6.7%
Consumer Cyclical	8.6%	8.6%
Consumer Defensive	7.1%	3.1%
Healthcare	6.6%	6.7%
Energy	1.7%	1.6%
Basic Materials	0.9%	1.2%
Utilities	0.1%	1.0%
Real Estate	-	35.5%

Return for Risk

THRO vs. TDSA — Risk / Return Rank

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

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.

THRO vs. TDSA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Thematic Rotation Active ETF (THRO) and Cabana Target Drawdown 5 ETF (TDSA). 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.

	THRO	TDSA	Difference
Sharpe ratio: Return per unit of total volatility	2.05	—	—
Sortino ratio: Return per unit of downside risk	2.86	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	2.44	—	—
Martin ratio: Return relative to average drawdown	10.84	—	—
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

	THRO	TDSA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	—	—

Drawdowns

THRO vs. TDSA - Drawdown Comparison

The maximum THRO drawdown since its inception was -26.54%, which is greater than TDSA's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for THRO and TDSA.

Drawdown Indicators

	THRO	TDSA	Difference
Max Drawdown Largest peak-to-trough decline	-26.54%	0.00%	-26.54%
Max Drawdown (1Y) Largest decline over 1 year	-10.87%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.07%	—	—
Current Drawdown Current decline from peak	-0.55%	0.00%	-0.55%
Average Drawdown Average peak-to-trough decline	-6.69%	0.00%	-6.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	—	—

Volatility

Volatility by Period

	THRO	TDSA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.09%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.00%	0.00%	+13.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.72%	0.00%	+18.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.72%	0.00%	+18.72%

THRO vs. TDSA - Expense Ratio Comparison

THRO has a 0.60% expense ratio, which is lower than TDSA's 0.83% expense ratio.

Dividends

THRO vs. TDSA - Dividend Comparison

THRO's dividend yield for the trailing twelve months is around 0.16%, while TDSA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
TDSA Cabana Target Drawdown 5 ETF	0.00%	0.00%	0.00%	0.00%	0.00%
THRO iShares U.S. Thematic Rotation Active ETF	0.16%	0.15%	0.73%	0.55%	0.90%

Frequently Asked Questions

Which ETF is better, THRO or TDSA?

On fees, THRO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, THRO or TDSA?

THRO is cheaper with a 0.60% expense ratio, compared with 0.83% for TDSA.

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

THRO has the higher dividend yield at 0.16%, compared with 0.00% for TDSA.

What is the main difference between THRO and TDSA?

They also come from different issuers: iShares and Cabana. Their fees differ too: 0.60% for THRO and 0.83% for TDSA.