FITZ vs. TOLL

Last updated Jul 8, 2026

FITZ (Fitz-Gerald Must Have Portfolio ETF) and TOLL (Tema Monopolies and Oligopolies ETF) are both Large Cap Growth Equities funds. Both are actively managed. A 0.54 correlation means they provide meaningful diversification when combined. FITZ charges 0.75%/yr vs 0.55%/yr for TOLL.

Performance

FITZ vs. TOLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fitz-Gerald Must Have Portfolio ETF (FITZ) and Tema Monopolies and Oligopolies ETF (TOLL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FITZ

• 1D: -0.53%
• 1M: 1.78%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TOLL

• 1D: -1.82%
• 1M: 4.02%
• 6M: 9.77%
• YTD: 14.10%
• 1Y: 17.94%
• 3Y*: 17.37%
• 5Y*: —
• 10Y*: —

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

FITZ vs. TOLL - Yearly Performance Comparison

	2026 (YTD)
FITZ Fitz-Gerald Must Have Portfolio ETF	-1.72%
TOLL Tema Monopolies and Oligopolies ETF	2.41%

Correlation

The correlation between FITZ and TOLL is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.54

Return for Risk

FITZ vs. TOLL — Risk / Return Rank

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

FITZ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

TOLL

TOLL Risk / Return Rank: 37
TOLL Sharpe Ratio Rank: 36
TOLL Sortino Ratio Rank: 35
TOLL Omega Ratio Rank: 33
TOLL Calmar Ratio Rank: 36
TOLL Martin Ratio Rank: 43

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.

FITZ vs. TOLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fitz-Gerald Must Have Portfolio ETF (FITZ) and Tema Monopolies and Oligopolies ETF (TOLL). 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.

	FITZ	TOLL	Difference
Sharpe ratio: Return per unit of total volatility	—	1.13	—
Sortino ratio: Return per unit of downside risk	—	1.67	—
Omega ratio: Gain probability vs. loss probability	—	1.20	—
Calmar ratio: Return relative to maximum drawdown	—	1.60	—
Martin ratio: Return relative to average drawdown	—	6.02	—

Drawdowns

FITZ vs. TOLL - Drawdown Comparison

The maximum FITZ drawdown since its inception was -7.37%, smaller than the maximum TOLL drawdown of -15.54%. Use the drawdown chart below to compare losses from any high point for FITZ and TOLL.

Drawdown Indicators

	FITZ	TOLL	Difference
Max Drawdown Largest peak-to-trough decline	-7.37%	-15.54%	+8.17%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.26%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.54%	—
Current Drawdown Current decline from peak	-3.11%	-3.74%	+0.63%
Average Drawdown Average peak-to-trough decline	-4.03%	-2.36%	-1.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.98%	—

Volatility

Volatility by Period

	FITZ	TOLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.73%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.03%	15.91%	+1.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.03%	16.19%	+0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.03%	16.19%	+0.84%

FITZ vs. TOLL - Expense Ratio Comparison

FITZ has a 0.75% expense ratio, which is higher than TOLL's 0.55% expense ratio.

Dividends

FITZ vs. TOLL - Dividend Comparison

FITZ has not paid dividends to shareholders, while TOLL's dividend yield for the trailing twelve months is around 0.28%.

Position	TTM	2025	2024	2023
FITZ Fitz-Gerald Must Have Portfolio ETF	0.00%	0.00%	0.00%	0.00%
TOLL Tema Monopolies and Oligopolies ETF	0.28%	0.32%	1.99%	0.36%

Frequently Asked Questions

Can I hold both FITZ and TOLL in my portfolio?

FITZ and TOLL have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FITZ or TOLL?

On fees, TOLL is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FITZ or TOLL?

TOLL is cheaper with a 0.55% expense ratio, compared with 0.75% for FITZ.

Which ETF pays a higher dividend yield, FITZ or TOLL?

TOLL has the higher dividend yield at 0.28%, compared with 0.00% for FITZ.

What is the main difference between FITZ and TOLL?

They also come from different issuers: Nicholas and Tema. Their fees differ too: 0.75% for FITZ and 0.55% for TOLL.