DUBS vs. TOLZ

Last updated Jul 17, 2026

DUBS (Aptus Large Cap Enhanced Yield ETF) and TOLZ (ProShares DJ Brookfield Global Infrastructure ETF) are both exchange-traded funds - DUBS is a Derivative Income fund actively managed by Aptus, while TOLZ is a Industrials Equities fund tracking the Dow Jones Brookfield Global Infrastructure Composite Index. DUBS is actively managed, while TOLZ is passively managed. Over the past 3 years, DUBS returned 20.03%/yr vs 14.46%/yr for TOLZ. At a 0.31 correlation, their price movements are largely independent. DUBS charges 0.39%/yr vs 0.46%/yr for TOLZ.

Performance

DUBS vs. TOLZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus Large Cap Enhanced Yield ETF (DUBS) and ProShares DJ Brookfield Global Infrastructure ETF (TOLZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DUBS achieves a 12.20% return, which is significantly lower than TOLZ's 13.47% return.

DUBS

• 1D: -0.77%
• 1M: 0.36%
• 6M: 10.95%
• YTD: 12.20%
• 1Y: 25.29%
• 3Y*: 20.03%
• 5Y*: —
• 10Y*: —

TOLZ

• 1D: 0.49%
• 1M: 1.10%
• 6M: 12.48%
• YTD: 13.47%
• 1Y: 17.92%
• 3Y*: 14.46%
• 5Y*: 9.04%
• 10Y*: 7.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DUBS vs. TOLZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DUBS Aptus Large Cap Enhanced Yield ETF	12.20%	19.28%	24.08%	7.89%
TOLZ ProShares DJ Brookfield Global Infrastructure ETF	13.47%	14.76%	11.67%	4.05%

Correlation

The correlation between DUBS and TOLZ is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (All Time) Calculated using the full available price history since Jun 14, 2023	0.31

Over the past year, the correlation between DUBS and TOLZ has dropped to 0.04 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.

DUBS vs. TOLZ - Sectors Allocation Comparison

Sectors	DUBS	TOLZ
Technology	38.8%	0.4%
Financial Services	11.0%	2.0%
Communication Services	10.8%	-
Consumer Cyclical	10.0%	0.8%
Healthcare	8.3%	-
Industrials	7.9%	5.5%
Consumer Defensive	4.5%	4.4%
Energy	3.2%	35.2%
Utilities	2.1%	24.2%
Real Estate	1.8%	7.2%
Basic Materials	1.7%	-

Return for Risk

DUBS vs. TOLZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DUBS

DUBS Risk / Return Rank: 75
DUBS Sharpe Ratio Rank: 74
DUBS Sortino Ratio Rank: 70
DUBS Omega Ratio Rank: 74
DUBS Calmar Ratio Rank: 75
DUBS Martin Ratio Rank: 85

TOLZ

TOLZ Risk / Return Rank: 68
TOLZ Sharpe Ratio Rank: 65
TOLZ Sortino Ratio Rank: 67
TOLZ Omega Ratio Rank: 60
TOLZ Calmar Ratio Rank: 82
TOLZ Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DUBS vs. TOLZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus Large Cap Enhanced Yield ETF (DUBS) and ProShares DJ Brookfield Global Infrastructure ETF (TOLZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	DUBS	TOLZ	Difference
Sharpe ratio: Return per unit of total volatility	1.88	1.70	+0.18
Sortino ratio: Return per unit of downside risk	2.54	2.45	+0.09
Omega ratio: Gain probability vs. loss probability	1.35	1.29	+0.05
Calmar ratio: Return relative to maximum drawdown	3.06	3.48	-0.41
Martin ratio: Return relative to average drawdown	13.43	9.77	+3.66

DUBS vs. TOLZ - Sharpe Ratio Comparison

The current DUBS Sharpe Ratio is 1.88, which is comparable to the TOLZ Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of DUBS and TOLZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DUBS vs. TOLZ - Drawdown Comparison

The maximum DUBS drawdown since its inception was -18.48%, smaller than the maximum TOLZ drawdown of -39.33%. Use the drawdown chart below to compare losses from any high point for DUBS and TOLZ.

Drawdown Indicators

	DUBS	TOLZ	Difference
Max Drawdown Largest peak-to-trough decline	-18.48%	-39.33%	+20.85%
Max Drawdown (1Y) Largest decline over 1 year	-8.29%	-5.18%	-3.11%
Max Drawdown (3Y) Largest decline over 3 years	-18.48%	-11.94%	-6.54%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.33%	—
Current Drawdown Current decline from peak	-0.89%	-1.24%	+0.35%
Average Drawdown Average peak-to-trough decline	-1.94%	-6.59%	+4.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	1.84%	+0.05%

Volatility

DUBS vs. TOLZ - Volatility Comparison

Aptus Large Cap Enhanced Yield ETF (DUBS) and ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) have volatilities of 3.52% and 3.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DUBS	TOLZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.52%	3.65%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	10.77%	8.69%	+2.08%
Volatility (1Y) Calculated over the trailing 1-year period	13.53%	10.60%	+2.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.63%	14.03%	+0.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.63%	16.22%	-1.59%

DUBS vs. TOLZ - Expense Ratio Comparison

DUBS has a 0.39% expense ratio, which is lower than TOLZ's 0.46% expense ratio.

Dividends

DUBS vs. TOLZ - Dividend Comparison

DUBS's dividend yield for the trailing twelve months is around 1.99%, less than TOLZ's 2.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DUBS Aptus Large Cap Enhanced Yield ETF	1.99%	2.06%	2.52%	1.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TOLZ ProShares DJ Brookfield Global Infrastructure ETF	2.94%	3.99%	3.53%	3.34%	3.01%	3.28%	3.16%	2.96%	3.63%	3.30%	2.62%	3.67%

Frequently Asked Questions

Can I hold both DUBS and TOLZ in my portfolio?

DUBS and TOLZ have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DUBS or TOLZ?

TOLZ has higher volatility (3.65%) compared to DUBS (3.52%). In terms of maximum drawdown, DUBS dropped -18.48% vs TOLZ's -39.33%.

Which ETF is better, DUBS or TOLZ?

On 3-year performance, DUBS leads with 20.03% vs 14.46% for TOLZ. On fees, DUBS is cheaper at 0.39% per year. On volatility, DUBS has been the lower-risk option at 3.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DUBS or TOLZ?

Over the 3-year period, DUBS has performed better with a 20.03% return vs 14.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DUBS or TOLZ?

DUBS is cheaper with a 0.39% expense ratio, compared with 0.46% for TOLZ.

Which ETF pays a higher dividend yield, DUBS or TOLZ?

TOLZ has the higher dividend yield at 2.94%, compared with 1.99% for DUBS.

What is the main difference between DUBS and TOLZ?

DUBS is categorized as Derivative Income, while TOLZ is Industrials Equities. They also come from different issuers: Aptus and ProShares. Their fees differ too: 0.39% for DUBS and 0.46% for TOLZ.

Which has better risk-adjusted returns?

DUBS currently has the higher Sharpe Ratio (1.88 vs 1.70), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.