Skip to Content
ETFs

Cabana Target Drawdown 16 ETF

TDSE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 16 2020
Expense Ratio
0.69%
Type
Global Diversified
Fund Owner
Cabana ETF
Volume (1m avg. daily)
$475,509
AUM
$53,757,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

GBIL
Goldman Sachs ETF Trust - Goldman Sachs Access Treasury 0-1 Year ETF
49.55%
SGOV
iShares Trust - iShares 0-3 Month Treasury Bond ETF
49.55%
n/a
CASH & OTHER
0.89%
Invest with TDSE

What is TDSE?

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 16%

ETFs related toTDSE

ETFs correlated to TDSE include TDSC, GJUN, EQTY

TDSE
Exchange Listed Funds Trust - Cabana Target Drawdown 16 ETF
TDSC
Exchange Listed Funds Trust - Cabana Target Drawdown 10 ETF
GJUN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - June
EQTY
Valued Advisers Trust - Kovitz Core Equity ETF
TCAF
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Capital Appreciation Equity 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.

FAQ

TDSE 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 16%

Yes, TDSE 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, TDSE 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 TDSE is 0.0046%. This is the percent change in the value of TDSE over the most recent 1-month period. The 3-month return on TDSE is 0.0013%. This is the percent change in the value of TDSE over the most recent 3-month period.

The standard deviation of TDSE for the past year is 0.0968%. 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 TDSE include AOR, DRSK, and FPEI.

ETFs correlated to TDSE include TDSC, GJUN, and EQTY.

ETFs that are inversely correlated to TDSE include HDGE, WEBS, and HIBS.

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.