TOK vs. FITZ
TOK (iShares MSCI Kokusai ETF) and FITZ (Fitz-Gerald Must Have Portfolio ETF) are both Large Cap Growth Equities funds. TOK is passively managed, while FITZ is actively managed. A 0.77 correlation means they provide meaningful diversification when combined. TOK charges 0.25%/yr vs 0.75%/yr for FITZ.
Performance
TOK vs. FITZ - Performance Comparison
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Returns By Period
TOK
- 1D
- -2.48%
- 1M
- -0.06%
- YTD
- 7.65%
- 6M
- 8.12%
- 1Y
- 23.58%
- 3Y*
- 20.17%
- 5Y*
- 11.75%
- 10Y*
- 13.19%
FITZ
- 1D
- -2.89%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TOK vs. FITZ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TOK iShares MSCI Kokusai ETF | -1.90% |
FITZ Fitz-Gerald Must Have Portfolio ETF | -4.50% |
Correlation
The correlation between TOK and FITZ is 0.77, 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 29, 2026 | 0.77 |
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Return for Risk
TOK vs. FITZ — Risk / Return Rank
TOK
FITZ
TOK vs. FITZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Kokusai ETF (TOK) and Fitz-Gerald Must Have Portfolio ETF (FITZ). 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.
| TOK | FITZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.35 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | — | — |
| Martin ratioReturn relative to average drawdown | 11.95 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TOK | FITZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | -5.11 | +5.54 |
Drawdowns
TOK vs. FITZ - Drawdown Comparison
The maximum TOK drawdown since its inception was -56.18%, which is greater than FITZ's maximum drawdown of -4.81%. Use the drawdown chart below to compare losses from any high point for TOK and FITZ.
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Drawdown Indicators
| TOK | FITZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.18% | -4.81% | -51.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.07% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -16.23% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.86% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.82% | — | — |
Current DrawdownCurrent decline from peak | -2.70% | -4.81% | +2.11% |
Average DrawdownAverage peak-to-trough decline | -8.52% | -1.70% | -6.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | — | — |
Volatility
TOK vs. FITZ - Volatility Comparison
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Volatility by Period
| TOK | FITZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.72% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.22% | 18.34% | -6.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.96% | 18.34% | -2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.16% | 18.34% | -1.18% |
TOK vs. FITZ - Expense Ratio Comparison
TOK has a 0.25% expense ratio, which is lower than FITZ's 0.75% expense ratio.
Dividends
TOK vs. FITZ - Dividend Comparison
TOK's dividend yield for the trailing twelve months is around 1.28%, while FITZ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FITZ Fitz-Gerald Must Have Portfolio ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TOK iShares MSCI Kokusai ETF | 1.28% | 1.37% | 1.66% | 1.95% | 3.55% | 1.66% | 1.52% | 2.12% | 2.74% | 2.60% | 2.56% | 3.02% |
Frequently Asked Questions
TOK and FITZ have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TOK is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TOK is cheaper with a 0.25% expense ratio, compared with 0.75% for FITZ.
TOK has the higher dividend yield at 1.28%, compared with 0.00% for FITZ.
They also come from different issuers: iShares and Nicholas. Their fees differ too: 0.25% for TOK and 0.75% for FITZ.
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