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Launched

ETC Cabana Target Drawdown 10 ETF

TDSCNasdaqCabanaB

$28.34−0.26 (−0.92%)

At close: Nov 2, 2026, 4:00 PM ET

B58/ 100

Rank 15 of 46 in Tactical Allocation

B58/100Rank 15 of 46inTactical Allocation
Intraday session: down, 79 prints from 28.60 to 28.34. Range 28.34 to 28.66. Use the arrow keys to read each point.28.4028.4528.5028.5528.6510 AM12 PM2 PM4 PM
Expense ratio
0.86%*
Fund size
$105M
1Y total return
+15.4%
Yield · Last 12 months
1.31%
Holdings
11
Avg volume · 30D
8.87K sh
52W range
low $24.63high $28.90
Launched

*After a fee waiver that ends Aug 31, 2027. Without it: 0.97%.

The ETF.net TDSC Grade

B

Score 58 out of 100

Category
Tactical Allocation⁠
Rank
15 of 46
Six-pillar profile for TDSC. Scores out of 100: Cost 62, Risk 62, Mission 61, Tradability 52, Holdings 41, Durability 70. Strongest: Durability (70). Weakest: Holdings (41). Leans toward Durability.

Score 58 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B62 out of 100
    Rank 18 of 46

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B61 out of 100
    Rank 16 of 27

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B62 out of 100
    Rank 13 of 46

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C52 out of 100
    Rank 22 of 46

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C41 out of 100
    Rank 30 of 43

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A70 out of 100
    Rank 10 of 46

Our read on TDSC

ETF.net Research

In short

BMost funds bury risk in the disclosures; this one puts it in the name. TDSC steers toward a 10% peak-to-trough drawdown target, with an algorithm rotating among stocks, bonds, real estate, currencies and commodities and cash as its hatch.

Stated mandate

The Fund seeks long-term growth while managing its portfolio toward a specified drawdown, or targeted downside-risk, parameter.

Why people hold it

  • Risk is defined upfront: the mandate is long-term growth managed toward a 10% drawdown target, with drawdown measured on monthly returns from a rolling high-water mark.sec.govthecabanagroup.com
  • 0.86% net of a waiver through August 31, 2027, which sits below the median fee in its tactical allocation category.
  • Five asset classes, one dial: equities, bonds, real estate, currencies and commodities, with signals that can move the portfolio to cash or cash equivalents in sharp downturns.sec.gov
  • Trading since 2020, so the algorithm has a live public record, not just a backtest.

Worth knowing

  • The 10% figure is a target, not a floor. The prospectus states it may not be maintained, and losses can run past it.sec.gov
  • Thinly traded next to big index funds, so spreads and order type matter more here.
  • Fee ceiling: the gross rate is 0.97%, where the cost lands if the waiver lapses after August 31, 2027. Cheaper tactical options exist, such as ENDW at 0.22%.

TDSC Performance

Launched Sep 16, 2020

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
TDSC$11,538
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. TDSC $11,538. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for TDSC. Periods over one year show the average yearly return.
PeriodTDSC
Year to date+14.1%
1 month+1.9%
3 months+4.0%
1 year+15.4%
3 yearsper year+12.0%
5 yearsper year+2.7%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TDSC
YearReturn barTDSC
2026 YTD+14.1%
2025+6.6%
2024+7.1%
2023+7.6%
2022−19.7%
2021+14.8%
2020−0.1%

History from Sep 17, 2020

TDSC in the news

TDSC Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.31%Last 12 months
Payout per share
$0.37Last 12 months
Last payment
$0.11 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2020–2026

One bar per payment. 20 payments from 2020 to 2026 YTD. Dec 30, 2020 $0.13; Dec 30, 2021 $0.31; Mar 25, 2022 $0.01; Jun 24, 2022 $0.05; Sep 27, 2022 $0.08; Dec 27, 2022 $0.24; Jun 27, 2023 $0.07; Sep 26, 2023 $0.12; Dec 26, 2023 $0.29; Mar 25, 2024 $0.07; Jun 24, 2024 $0.03; Sep 24, 2024 $0.08; Dec 30, 2024 $0.32; Mar 26, 2025 $0.23; Jun 26, 2025 $0.20; Sep 29, 2025 $0.18; Dec 30, 2025 $0.13; Mar 27, 2026 $0.06; Jun 26, 2026 $0.08; Sep 28, 2026 $0.11. Use the arrow keys to read each point.2020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 28, 2026Sep 30, 2026$0.11
Jun 26, 2026Jun 30, 2026$0.08
Mar 27, 2026Mar 31, 2026$0.06
Dec 30, 2025Dec 31, 2025$0.13
Sep 29, 2025Sep 30, 2025$0.18
Jun 26, 2025Jun 27, 2025$0.20
Mar 26, 2025Mar 27, 2025$0.23
Dec 30, 2024Dec 31, 2024$0.32
Sep 24, 2024Sep 25, 2024$0.08
Jun 24, 2024Jun 25, 2024$0.03
Mar 25, 2024Mar 27, 2024$0.07
Dec 26, 2023Dec 29, 2023$0.29

See all 20 payments⁠

$10,000 in TDSC 5 years ago paid $931 in dividends.⁠

TDSC Risk

Risk pillarB62 out of 100Rank 13 of 46 in Tactical Allocation
How much the fund’s monthly returns vary, scaled to a year.
9.1%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.81
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−21.5%
Trough Aug 2023
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.76
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

TDSC Cost

Compare TDSC and ENDW

Overpaying vs ENDW, cheapest in Tactical Allocation

$11,810

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TDSC 0.86%

    $16,368

  • ENDW 0.22% Cheapest

    $4,558

$10,000
30 years

Cost over time

  • TDSC 0.86%
  • ENDW 0.22%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TDSC $16,368ENDW $4,558

Year by year

YearTDSCENDWOverpaying
10$1,525$401$1,124
20$5,768$1,561$4,207
30$16,368$4,558$11,810
How the 0.86% is worked out

Full fee 0.97%− waiver 0.11%= you pay 0.86%

The waiver ends Aug 31, 2027. After that the fee is 0.97% unless Cabana renews it. Source: prospectus, Aug 2026.

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