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ETFs

Cabana Target Drawdown 13 ETF

TDSD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 16 2020
Expense Ratio
0.69%
Type
Global Diversified
Fund Owner
Cabana ETF
Volume (1m avg. daily)
$641,210
AUM
$154,253,750
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

SGOV
iShares Trust - iShares 0-3 Month Treasury Bond ETF
59.70%
GBIL
Goldman Sachs ETF Trust - Goldman Sachs Access Treasury 0-1 Year ETF
39.84%
n/a
CASH & OTHER
0.46%
Invest with TDSD

What is TDSD?

The Fund is an actively managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective with limited volatility and reduced correlation to the overall performance of the equity markets by allocating its assets among the following five major asset classes equities, fixed income securities, real estate, currencies, and commodities. The Fund operates in a manner that is commonly referred to as a fund of funds, meaning that it obtains investment exposure to an asset class primarily by investing in one or more ETFs designed to track the performance of the asset class. The ETFs in which the Fund invests may invest in a broad range of securities, including equity securities of any market capitalization of US and foreign (including emerging markets) issuers and fixed income securities of any duration, maturity, and quality (including high yield or non-investment grade securities, commonly referred to as junk bonds ). In addition, the Fund may invest directly in securities and other instruments that provide the desired exposure to the asset class. The Sub-Adviser s target drawdown for the Fund is 13%.

ETFs related toTDSD

ETFs correlated to TDSD include TDSC, SSUS, DAUG

TDSD
Exchange Listed Funds Trust - Cabana Target Drawdown 13 ETF
TDSC
Exchange Listed Funds Trust - Cabana Target Drawdown 10 ETF
SSUS
Strategy Shares - Day Hagan/Ned Davis Research Smart Sector ETF
DAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - August
DAPR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - April
PMAY
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - May
UAUG
Innovator ETFs Trust - Innovator U.S. Equity Ultra Buffer ETF - August
SPD
Simplify Exchange Traded Funds - Simplify US Equity PLUS Downside Convexity ETF
ESGV
Vanguard Group, Inc. - Vanguard ESG U.S. Stock ETF
IWF
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Growth ETF
CACG
Legg Mason ETF Investment Trust - ClearBridge All Cap Growth ESG ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toTDSD

#SIN

Safety in Sin Stocks

Category

Grow Your Portfolio

Risk Rating

Aggressive

Create your own algorithmic trading strategy with TDSD using Composer

FAQ

TDSD is a Global Diversified ETF. The Fund is an actively managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective with limited volatility and reduced correlation to the overall performance of the equity markets by allocating its assets among the following five major asset classes equities, fixed income securities, real estate, currencies, and commodities. The Fund operates in a manner that is commonly referred to as a fund of funds, meaning that it obtains investment exposure to an asset class primarily by investing in one or more ETFs designed to track the performance of the asset class. The ETFs in which the Fund invests may invest in a broad range of securities, including equity securities of any market capitalization of US and foreign (including emerging markets) issuers and fixed income securities of any duration, maturity, and quality (including high yield or non-investment grade securities, commonly referred to as junk bonds ). In addition, the Fund may invest directly in securities and other instruments that provide the desired exposure to the asset class. The Sub-Adviser s target drawdown for the Fund is 13%.

Yes, TDSD is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, TDSD is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TDSD is 0.0044%. This is the percent change in the value of TDSD over the most recent 1-month period. The 3-month return on TDSD is 0.01%. This is the percent change in the value of TDSD over the most recent 3-month period.

The standard deviation of TDSD for the past year is 0.1255%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to TDSD include PGF, AMJ, and AOR.

ETFs correlated to TDSD include TDSC, SSUS, and DAUG.

ETFs that are inversely correlated to TDSD include HDGE, SPXS, and QID.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.