- Issuer
- Tema
- Inception Date
- May 10, 2023
- Category
- Large Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $47M
Share Price Chart
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Performance
TOLL Performance Chart
Tema Monopolies and Oligopolies ETF (TOLL) is up 17.1% since the beginning of the year. TOLL is currently trading at $41 per share.
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Returns By Period
Tema Monopolies and Oligopolies ETF (TOLL) has returned 17.14% so far this year and 25.31% over the past 12 months.
Tema Monopolies and Oligopolies ETF
- 1D
- 0.98%
- 1M
- 6.76%
- YTD
- 17.14%
- 6M
- 16.23%
- 1Y
- 25.31%
- 3Y*
- 18.41%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
TOLL Monthly Returns History
Based on dividend-adjusted daily data since May 11, 2023, TOLL's average daily return is +0.07%, while the average monthly return is +1.49%. At this rate, an investment would double in approximately 3.9 years.
Historically, 68% of months were positive and 32% were negative. The best month was Nov 2023 with a return of +12.6%, while the worst month was Mar 2026 at -7.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, TOLL closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +9.9%, while the worst single day was Apr 4, 2025 at -6.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.35% | 0.59% | -7.88% | 9.76% | 6.74% | 4.41% | 17.14% | ||||||
| 2025 | 5.29% | -0.30% | -3.57% | -0.25% | 4.31% | 2.22% | -0.89% | 0.74% | 0.37% | 1.40% | 1.17% | 0.62% | 11.36% |
| 2024 | 1.80% | 6.27% | 2.54% | -5.88% | 3.99% | 0.80% | 3.97% | 2.71% | 0.94% | -4.79% | 5.52% | -4.84% | 12.79% |
| 2023 | -1.01% | 6.22% | 1.61% | -1.28% | -5.88% | -2.49% | 12.60% | 5.93% | 15.44% |
Benchmark Metrics
Tema Monopolies and Oligopolies ETF has an annualized alpha of -0.49%, beta of 0.93, and R2 of 0.76 versus S&P 500 Index. Calculated based on daily prices since May 11, 2023.
- This ETF participated in 100.52% of S&P 500 Index downside but only 92.10% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.93 and R2 of 0.76, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -0.49%
- Beta
- 0.93
- R²
- 0.76
- Upside Capture
- 92.10%
- Downside Capture
- 100.52%
Expense Ratio
TOLL has an expense ratio of 0.55%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TOLL ranks 50 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Tema Monopolies and Oligopolies ETF (TOLL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TOLL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.37 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.78 | -0.53 |
| Martin ratioReturn relative to average drawdown | 8.58 | 12.44 | -3.86 |
Dividends
Dividend History
Tema Monopolies and Oligopolies ETF provided a 0.27% dividend yield over the last twelve months, with an annual payout of $0.11 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.11 | $0.11 | $0.63 | $0.10 |
Dividend yield | 0.27% | 0.32% | 1.99% | 0.36% |
Monthly Dividends
The table displays the monthly dividend distributions for Tema Monopolies and Oligopolies ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.63 | $0.63 |
| 2023 | $0.10 | $0.10 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Tema Monopolies and Oligopolies ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Tema Monopolies and Oligopolies ETF was 15.54%, occurring on Apr 8, 2025. Recovery took 27 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -15.54%Apr 2025 | 1mo 17d | 1mo 8d | 2mo 25dFeb 2025 - May 2025 |
2023 correction2023 | -11.43%Oct 2023 | 3mo 2d | 24d | 3mo 26dJul 2023 - Nov 2023 |
2026 correction2026 | -11.26%Mar 2026 | 2mo 6d | 1mo 9d | 3mo 15dJan 2026 - May 2026 |
2024 pullback2024 | -7.44%Apr 2024 | 28d | 26d | 1mo 24dMar 2024 - May 2024 |
2025 pullback2025 | -6.57%Jan 2025 | 2mo 27d | 1mo 10d | 4mo 7dOct 2024 - Feb 2025 |
Drawdown Indicators
| TOLL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.54% | -56.78% | +41.24% |
Max Drawdown (1Y)Largest decline over 1 year | -11.26% | -9.10% | -2.16% |
Max Drawdown (3Y)Largest decline over 3 years | -15.54% | -18.90% | +3.36% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -10.71% | +8.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 2.03% | +0.93% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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