MODL vs. TOLZ

Last updated Jun 3, 2026

MODL (Victoryshares Westend U.S. Sector ETF) and TOLZ (ProShares DJ Brookfield Global Infrastructure ETF) are both exchange-traded funds - MODL is a Large Cap Blend Equities fund actively managed by Victory, while TOLZ is a Industrials Equities fund tracking the Dow Jones Brookfield Global Infrastructure Composite Index. MODL is actively managed, while TOLZ is passively managed. Over the past 3 years, MODL returned 20.33%/yr vs 14.21%/yr for TOLZ. At a 0.44 correlation, their price movements are largely independent. Both charge a 0.46% expense ratio.

Performance

MODL vs. TOLZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victoryshares Westend U.S. Sector ETF (MODL) 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, MODL achieves a 7.80% return, which is significantly lower than TOLZ's 11.42% return.

MODL

• 1D: -0.17%
• 1M: 4.08%
• YTD: 7.80%
• 6M: 8.04%
• 1Y: 24.87%
• 3Y*: 20.33%
• 5Y*: —
• 10Y*: —

TOLZ

• 1D: 0.80%
• 1M: -2.12%
• YTD: 11.42%
• 6M: 12.13%
• 1Y: 13.99%
• 3Y*: 14.21%
• 5Y*: 8.65%
• 10Y*: 7.76%

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

MODL vs. TOLZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MODL Victoryshares Westend U.S. Sector ETF	7.80%	18.99%	24.73%	23.74%	7.13%
TOLZ ProShares DJ Brookfield Global Infrastructure ETF	11.42%	14.76%	11.67%	6.18%	13.66%

Correlation

The correlation between MODL and TOLZ is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (All Time) Calculated using the full available price history since Oct 13, 2022	0.44

Over the past year, the correlation between MODL and TOLZ has dropped to 0.16 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.

MODL vs. TOLZ - Sectors Allocation Comparison

Sectors	MODL	TOLZ
Technology	32.3%	0.4%
Financial Services	17.4%	2.0%
Communication Services	16.4%	-
Healthcare	14.9%	-
Consumer Cyclical	5.0%	0.8%
Consumer Defensive	4.5%	4.5%
Utilities	4.2%	22.2%
Industrials	4.1%	5.2%
Energy	0.0%	35.4%
Basic Materials	-	-
Real Estate	-	8.0%

Return for Risk

MODL vs. TOLZ — Risk / Return Rank

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

MODL

MODL Risk / Return Rank: 64
MODL Sharpe Ratio Rank: 67
MODL Sortino Ratio Rank: 68
MODL Omega Ratio Rank: 66
MODL Calmar Ratio Rank: 53
MODL Martin Ratio Rank: 65

TOLZ

TOLZ Risk / Return Rank: 44
TOLZ Sharpe Ratio Rank: 38
TOLZ Sortino Ratio Rank: 38
TOLZ Omega Ratio Rank: 35
TOLZ Calmar Ratio Rank: 58
TOLZ Martin Ratio Rank: 51

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.

MODL vs. TOLZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victoryshares Westend U.S. Sector ETF (MODL) 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.

	MODL	TOLZ	Difference
Sharpe ratio Return per unit of total volatility	2.24	1.37	+0.88
Sortino ratio Return per unit of downside risk	3.16	1.99	+1.17
Omega ratio Gain probability vs. loss probability	1.40	1.23	+0.17
Calmar ratio Return relative to maximum drawdown	2.68	2.90	-0.21
Martin ratio Return relative to average drawdown	12.07	8.79	+3.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MODL vs. TOLZ - Sharpe Ratio Comparison

The current MODL Sharpe Ratio is 2.24, which is higher than the TOLZ Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of MODL 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.

Sharpe Ratios by Period

	MODL	TOLZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	1.37	+0.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.62	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.59	0.41	+1.17

Drawdowns

MODL vs. TOLZ - Drawdown Comparison

The maximum MODL drawdown since its inception was -17.60%, smaller than the maximum TOLZ drawdown of -39.33%. Use the drawdown chart below to compare losses from any high point for MODL and TOLZ.

Drawdown Indicators

	MODL	TOLZ	Difference
Max Drawdown Largest peak-to-trough decline	-17.60%	-39.33%	+21.73%
Max Drawdown (1Y) Largest decline over 1 year	-9.46%	-5.18%	-4.28%
Max Drawdown (3Y) Largest decline over 3 years	-17.60%	-11.94%	-5.66%
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	-0.17%	-3.04%	+2.87%
Average Drawdown Average peak-to-trough decline	-2.04%	-6.63%	+4.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	1.71%	+0.39%

Volatility

MODL vs. TOLZ - Volatility Comparison

The current volatility for Victoryshares Westend U.S. Sector ETF (MODL) is 2.63%, while ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) has a volatility of 3.39%. This indicates that MODL experiences smaller price fluctuations and is considered to be less risky than TOLZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MODL	TOLZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.63%	3.39%	-0.76%
Volatility (6M) Calculated over the trailing 6-month period	8.37%	8.24%	+0.13%
Volatility (1Y) Calculated over the trailing 1-year period	11.14%	10.32%	+0.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.59%	13.99%	+0.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.59%	16.30%	-1.71%

MODL vs. TOLZ - Expense Ratio Comparison

Both MODL and TOLZ have an expense ratio of 0.46%.

Dividends

MODL vs. TOLZ - Dividend Comparison

MODL's dividend yield for the trailing twelve months is around 0.67%, less than TOLZ's 3.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MODL Victoryshares Westend U.S. Sector ETF	0.67%	0.67%	0.83%	1.02%	0.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TOLZ ProShares DJ Brookfield Global Infrastructure ETF	3.66%	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 MODL and TOLZ in my portfolio?

MODL and TOLZ have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MODL or TOLZ?

TOLZ has higher volatility (3.39%) compared to MODL (2.63%). In terms of maximum drawdown, MODL dropped -17.60% vs TOLZ's -39.33%.

Which ETF is better, MODL or TOLZ?

On 3-year performance, MODL leads with 20.33% vs 14.21% for TOLZ. Both ETFs have the same 0.46% expense ratio. On volatility, MODL has been the lower-risk option at 2.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MODL or TOLZ?

Over the 3-year period, MODL has performed better with a 20.33% return vs 14.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MODL or TOLZ?

MODL and TOLZ have the same expense ratio: 0.46% per year.

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

TOLZ has the higher dividend yield at 3.66%, compared with 0.67% for MODL.

What is the main difference between MODL and TOLZ?

MODL is categorized as Large Cap Blend Equities, while TOLZ is Industrials Equities. They also come from different issuers: Victory and ProShares.

Which has better risk-adjusted returns?

MODL currently has the higher Sharpe Ratio (2.24 vs 1.37), 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.