NASA vs. TOLL

Last updated Jun 8, 2026

NASA (Tema Space Innovators ETF) and TOLL (Tema Monopolies and Oligopolies ETF) are both exchange-traded funds - NASA is a Aerospace & Defense fund actively managed by Tema, while TOLL is a Large Cap Growth Equities fund actively managed by Tema. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. NASA charges 0.75%/yr vs 0.55%/yr for TOLL.

Performance

NASA vs. TOLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema Space Innovators ETF (NASA) and Tema Monopolies and Oligopolies ETF (TOLL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NASA

• 1D: -9.48%
• 1M: 1.71%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TOLL

• 1D: -2.73%
• 1M: 0.79%
• YTD: 9.69%
• 6M: 10.54%
• 1Y: 14.43%
• 3Y*: 16.33%
• 5Y*: —
• 10Y*: —

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

NASA vs. TOLL - Yearly Performance Comparison

	2026 (YTD)
NASA Tema Space Innovators ETF	29.65%
TOLL Tema Monopolies and Oligopolies ETF	14.54%

Correlation

The correlation between NASA and TOLL is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 1, 2026	0.44

Return for Risk

NASA vs. TOLL — Risk / Return Rank

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

TOLL

TOLL Risk / Return Rank: 31
TOLL Sharpe Ratio Rank: 31
TOLL Sortino Ratio Rank: 30
TOLL Omega Ratio Rank: 30
TOLL Calmar Ratio Rank: 29
TOLL Martin Ratio Rank: 36

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.

NASA vs. TOLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Space Innovators ETF (NASA) 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.

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

Sharpe Ratios by Period

	NASA	TOLL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.20	1.03	+4.16

Drawdowns

NASA vs. TOLL - Drawdown Comparison

The maximum NASA drawdown since its inception was -22.08%, which is greater than TOLL's maximum drawdown of -15.54%. Use the drawdown chart below to compare losses from any high point for NASA and TOLL.

Drawdown Indicators

	NASA	TOLL	Difference
Max Drawdown Largest peak-to-trough decline	-22.08%	-15.54%	-6.54%
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	-22.08%	-3.15%	-18.93%
Average Drawdown Average peak-to-trough decline	-3.70%	-2.39%	-1.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.96%	—

Volatility

Volatility by Period

	NASA	TOLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	61.27%	14.53%	+46.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.27%	15.88%	+45.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.27%	15.88%	+45.39%

NASA vs. TOLL - Expense Ratio Comparison

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

Dividends

NASA vs. TOLL - Dividend Comparison

NASA has not paid dividends to shareholders, while TOLL's dividend yield for the trailing twelve months is around 0.29%.

Position	TTM	2025	2024	2023
NASA Tema Space Innovators ETF	0.00%	0.00%	0.00%	0.00%
TOLL Tema Monopolies and Oligopolies ETF	0.29%	0.32%	1.99%	0.36%

Frequently Asked Questions

Can I hold both NASA and TOLL in my portfolio?

NASA and TOLL have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NASA 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, NASA or TOLL?

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

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

TOLL has the higher dividend yield at 0.29%, compared with 0.00% for NASA.

What is the main difference between NASA and TOLL?

NASA is categorized as Aerospace & Defense, while TOLL is Large Cap Growth Equities. Their fees differ too: 0.75% for NASA and 0.55% for TOLL.