TOGA vs. WLDR

Last updated Jun 3, 2026

TOGA (Tremblant Global ETF) and WLDR (Affinity World Leaders Equity ETF) are both Global Equities funds. TOGA is actively managed, while WLDR is passively managed. Over the past year, TOGA returned -6.85% vs 60.09% for WLDR. A 0.56 correlation means they provide meaningful diversification when combined. TOGA charges 0.69%/yr vs 0.67%/yr for WLDR.

Performance

TOGA vs. WLDR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tremblant Global ETF (TOGA) and Affinity World Leaders Equity ETF (WLDR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TOGA achieves a -11.33% return, which is significantly lower than WLDR's 31.09% return.

TOGA

• 1D: -1.97%
• 1M: 2.66%
• YTD: -11.33%
• 6M: -9.61%
• 1Y: -6.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WLDR

• 1D: -0.28%
• 1M: 13.39%
• YTD: 31.09%
• 6M: 37.06%
• 1Y: 60.09%
• 3Y*: 33.25%
• 5Y*: 18.51%
• 10Y*: —

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

TOGA vs. WLDR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TOGA Tremblant Global ETF	-11.33%	14.13%	17.42%
WLDR Affinity World Leaders Equity ETF	31.09%	31.24%	10.87%

Correlation

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

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (All Time) Calculated using the full available price history since May 6, 2024	0.56

The correlation between TOGA and WLDR shifts across timeframes, from 0.44 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.

TOGA vs. WLDR - Sectors Allocation Comparison

Sectors	TOGA	WLDR
Consumer Cyclical	33.5%	6.2%
Technology	28.2%	29.9%
Communication Services	26.1%	10.9%
Financial Services	9.2%	13.4%
Real Estate	3.1%	1.9%
Basic Materials	-	3.5%
Consumer Defensive	-	9.1%
Energy	-	4.7%
Healthcare	-	9.1%
Industrials	-	8.6%
Utilities	-	2.7%

Return for Risk

TOGA vs. WLDR — Risk / Return Rank

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

TOGA

TOGA Risk / Return Rank: 6
TOGA Sharpe Ratio Rank: 5
TOGA Sortino Ratio Rank: 5
TOGA Omega Ratio Rank: 5
TOGA Calmar Ratio Rank: 6
TOGA Martin Ratio Rank: 6

WLDR

WLDR Risk / Return Rank: 94
WLDR Sharpe Ratio Rank: 95
WLDR Sortino Ratio Rank: 95
WLDR Omega Ratio Rank: 94
WLDR Calmar Ratio Rank: 93
WLDR Martin Ratio Rank: 94

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.

TOGA vs. WLDR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tremblant Global ETF (TOGA) and Affinity World Leaders Equity ETF (WLDR). 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.

	TOGA	WLDR	Difference
Sharpe ratio Return per unit of total volatility	-0.34	4.04	-4.38
Sortino ratio Return per unit of downside risk	-0.33	5.33	-5.65
Omega ratio Gain probability vs. loss probability	0.96	1.69	-0.73
Calmar ratio Return relative to maximum drawdown	-0.23	6.84	-7.07
Martin ratio Return relative to average drawdown	-0.54	27.78	-28.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TOGA vs. WLDR - Sharpe Ratio Comparison

The current TOGA Sharpe Ratio is -0.34, which is lower than the WLDR Sharpe Ratio of 4.04. The chart below compares the historical Sharpe Ratios of TOGA and WLDR, 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

	TOGA	WLDR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.34	4.04	-4.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.61	-0.19

Drawdowns

TOGA vs. WLDR - Drawdown Comparison

The maximum TOGA drawdown since its inception was -28.50%, smaller than the maximum WLDR drawdown of -44.69%. Use the drawdown chart below to compare losses from any high point for TOGA and WLDR.

Drawdown Indicators

	TOGA	WLDR	Difference
Max Drawdown Largest peak-to-trough decline	-28.50%	-44.69%	+16.19%
Max Drawdown (1Y) Largest decline over 1 year	-28.50%	-8.86%	-19.64%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.30%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.77%	—
Current Drawdown Current decline from peak	-16.84%	-0.28%	-16.56%
Average Drawdown Average peak-to-trough decline	-6.41%	-8.63%	+2.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.48%	2.18%	+10.30%

Volatility

TOGA vs. WLDR - Volatility Comparison

The current volatility for Tremblant Global ETF (TOGA) is 4.80%, while Affinity World Leaders Equity ETF (WLDR) has a volatility of 5.35%. This indicates that TOGA experiences smaller price fluctuations and is considered to be less risky than WLDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TOGA	WLDR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.80%	5.35%	-0.55%
Volatility (6M) Calculated over the trailing 6-month period	16.19%	12.06%	+4.13%
Volatility (1Y) Calculated over the trailing 1-year period	20.48%	14.94%	+5.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.96%	17.21%	+3.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.96%	20.94%	+0.02%

TOGA vs. WLDR - Expense Ratio Comparison

TOGA has a 0.69% expense ratio, which is higher than WLDR's 0.67% expense ratio.

Dividends

TOGA vs. WLDR - Dividend Comparison

TOGA has not paid dividends to shareholders, while WLDR's dividend yield for the trailing twelve months is around 6.97%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
TOGA Tremblant Global ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WLDR Affinity World Leaders Equity ETF	6.97%	9.01%	13.99%	2.28%	2.10%	7.55%	1.80%	2.48%	2.82%

Frequently Asked Questions

Can I hold both TOGA and WLDR in my portfolio?

TOGA and WLDR 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 is riskier, TOGA or WLDR?

WLDR has higher volatility (5.35%) compared to TOGA (4.80%). In terms of maximum drawdown, TOGA dropped -28.50% vs WLDR's -44.69%.

Which ETF is better, TOGA or WLDR?

On 1-year performance, WLDR leads with 60.09% vs -6.85% for TOGA. On fees, WLDR is cheaper at 0.67% per year. On volatility, TOGA has been the lower-risk option at 4.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TOGA or WLDR?

Over the 1-year period, WLDR has performed better with a 60.09% return vs -6.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TOGA or WLDR?

WLDR is cheaper with a 0.67% expense ratio, compared with 0.69% for TOGA.

Which ETF pays a higher dividend yield, TOGA or WLDR?

WLDR has the higher dividend yield at 6.97%, compared with 0.00% for TOGA.

What is the main difference between TOGA and WLDR?

They also come from different issuers: Tremblant Advisors and Regents Park Funds. Their fees differ too: 0.69% for TOGA and 0.67% for WLDR.

Which has better risk-adjusted returns?

WLDR currently has the higher Sharpe Ratio (4.04 vs -0.34), 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.