Cabana Target Drawdown 10 ETF (TDSC) Performance
TDSC total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +14.0% since Dec 31, 2025
- 1 year
- +14.6% total return
- 5 years
- +2.9% a year
- Since first price
- +4.3% a year since 2020
TDSC trailing returns vs AGG, TLT, SPY
| Period | TDSC total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +1.0% | +0.6% | +0.9% | +1.5% | −1.0% |
| 3 months | +3.4% | +3.0% | −0.4% | −1.0% | +3.2% |
| 6 months | +7.1% | +6.4% | −1.5% | −3.8% | +7.8% |
| YTD | +14.0% | +13.0% | −1.0% | −3.4% | +12.3% |
| 1 year | +14.6% | +13.0% | −1.1% | −6.9% | +14.4% |
| 3 years | +40.6%+12.0%/yr | +30.9% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +15.5%+2.9%/yr | +3.7% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| Since inceptionSep 17, 2020 | +29.0%+4.3%/yr | +15.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: TDSC vs AGG
From Sep 17, 2020: TDSC grew to $12,902, AGG to $9,755.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TDSC returns by calendar year
4 of 5 full years positive. Best 2021 (+14.8%), worst 2022 (−19.7%). 2026 is year to date.
TDSC annual returns table
| Year | TDSC | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +14.0% | −5.3% | −1.0% | −3.4% | +12.3% |
| 2025 | +6.6% | −14.2% | +7.2% | +4.3% | +17.7% |
| 2024 | +7.1% | −5.7% | +1.3% | −8.1% | +24.9% |
| 2023 | +7.6% | −5.2% | +5.7% | +2.8% | +26.2% |
| 2022 | −19.7% | −20.7% | −13.0% | −31.2% | −18.2% |
| 2021 | +14.8% | −5.6% | −1.8% | −4.6% | +28.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
TDSC largest drawdowns
Now 0.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 8, 2021 | −21.5% | Aug 18, 2023 | Jan 21, 2026 | 1.8 years | 4.2 years |
| Mar 2, 2026 | −5.3% | Mar 30, 2026 | Apr 30, 2026 | 28 days | 59 days |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
TDSC risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +11.5% | +3.2% | +4.3% |
| Volatility (annualized) | 9.1% | 10.0% | 9.5% |
| Sharpe ratio | 0.77 | 0.01 | 0.18 |
| Sortino ratio | 1.15 | 0.01 | 0.23 |
| Best month | +5.4% | +5.4% | +5.4% |
| Worst month | −5.8% | −7.0% | −7.0% |
| Best 12 months | +20.0% | +20.0% | +20.0% |
| Worst 12 months | +1.5% | −19.7% | −19.7% |
| Positive months | 64% | 60% | 62% |
| Beta vs S&P 500 | 0.52 | 0.46 | — |
| Correlation with S&P 500 | 0.71 | 0.72 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
TDSC rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 62 | −19.7% | +5.6% | +20.0% | 68% |
| 3-year (a year) | 38 | −2.5% | +1.5% | +12.2% | 68% |
| 5-year (a year) | 14 | +2.4% | +2.8% | +4.0% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
TDSC performance overview
Cabana Target Drawdown 10 ETF (TDSC) returned +14.6% over the past year and +2.9% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +4.3% a year, turning $10,000 into about $12,902. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −21.5%, from Nov 8, 2021 to Aug 18, 2023, and it took 2.4 years to get back to the old high. TDSC finished 4 of its 5 full calendar years with a gain; the best year was 2021 (+14.8%) and the worst 2022 (−19.7%). Volatility has been 9.5% a year.
Related: TDSC chart, TDSC holdings, TDSC dividends, TDSC bond profile. See the TDSC overview for the latest quote and fund facts.
TDSC performance FAQ
What is the TDSC return over the past year?
TDSC returned +14.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 13.0%.
What is the average annual return of TDSC?
TDSC has returned +2.9% a year over 5 years, +4.3% a year since September 17, 2020 (total return, distributions reinvested).
How much would $10,000 invested in TDSC be worth?
$10,000 invested in TDSC at its first recorded close on September 17, 2020 would be worth about $12,902 on October 23, 2026 with distributions reinvested.
What was the worst year for TDSC?
The worst calendar year was 2022, with a total return of −19.7%. The best was 2021 at +14.8%.
What is the biggest drawdown of TDSC?
The largest peak-to-trough decline was −21.5% between November 8, 2021 and August 18, 2023. It recovered to the old high on January 21, 2026, 2.4 years after the bottom.
How volatile is TDSC?
Over the past 3 years TDSC had an annualized volatility of 9.1% and a Sharpe ratio of 0.77 (excess return over 1–3 month T-bills per unit of risk).