TOLL vs. BIBL

Last updated Apr 1, 2026

Compare and contrast key facts about Tema Monopolies and Oligopolies ETF (TOLL) and Inspire 100 ETF (BIBL).

TOLL and BIBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TOLL is an actively managed fund by Tema. It was launched on May 10, 2023. BIBL is a passively managed fund by Inspire that tracks the performance of the Inspire 100 Index. It was launched on Oct 30, 2017.

Performance

TOLL vs. BIBL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema Monopolies and Oligopolies ETF (TOLL) and Inspire 100 ETF (BIBL). The values are adjusted to include any dividend payments, if applicable.

TOLL vs. BIBL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TOLL Tema Monopolies and Oligopolies ETF	-4.23%	11.36%	12.79%	15.37%
BIBL Inspire 100 ETF	4.92%	17.27%	12.49%	15.66%

Returns By Period

In the year-to-date period, TOLL achieves a -4.23% return, which is significantly lower than BIBL's 4.92% return.

TOLL

• 1D: 1.57%
• 1M: -7.88%
• YTD: -4.23%
• 6M: -1.15%
• 1Y: 5.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BIBL

• 1D: 3.22%
• 1M: -5.73%
• YTD: 4.92%
• 6M: 6.80%
• 1Y: 24.23%
• 3Y*: 15.73%
• 5Y*: 8.13%
• 10Y*: —

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

TOLL vs. BIBL - Expense Ratio Comparison

TOLL has a 0.55% expense ratio, which is higher than BIBL's 0.35% expense ratio.

TOLL

Tema Monopolies and Oligopolies ETF

BIBL

Inspire 100 ETF

Return for Risk

TOLL vs. BIBL — Risk / Return Rank

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

TOLL

TOLL Risk / Return Rank: 22
TOLL Sharpe Ratio Rank: 19
TOLL Sortino Ratio Rank: 20
TOLL Omega Ratio Rank: 20
TOLL Calmar Ratio Rank: 24
TOLL Martin Ratio Rank: 25

BIBL

BIBL Risk / Return Rank: 72
BIBL Sharpe Ratio Rank: 69
BIBL Sortino Ratio Rank: 70
BIBL Omega Ratio Rank: 70
BIBL Calmar Ratio Rank: 72
BIBL Martin Ratio Rank: 80

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.

TOLL vs. BIBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Monopolies and Oligopolies ETF (TOLL) and Inspire 100 ETF (BIBL). 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.

	TOLL	BIBL	Difference
Sharpe ratio Return per unit of total volatility	0.28	1.20	-0.91
Sortino ratio Return per unit of downside risk	0.55	1.72	-1.17
Omega ratio Gain probability vs. loss probability	1.07	1.25	-0.18
Calmar ratio Return relative to maximum drawdown	0.52	1.78	-1.27
Martin ratio Return relative to average drawdown	1.92	8.47	-6.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TOLL vs. BIBL - Sharpe Ratio Comparison

The current TOLL Sharpe Ratio is 0.28, which is lower than the BIBL Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of TOLL and BIBL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TOLL	BIBL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.28	1.20	-0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.53	+0.24

Correlation

The correlation between TOLL and BIBL is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TOLL vs. BIBL - Dividend Comparison

TOLL's dividend yield for the trailing twelve months is around 0.33%, less than BIBL's 1.12% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
TOLL Tema Monopolies and Oligopolies ETF	0.33%	0.32%	1.99%	0.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BIBL Inspire 100 ETF	1.12%	1.01%	0.92%	1.02%	0.98%	17.87%	1.67%	1.30%	1.49%	0.31%

Drawdowns

TOLL vs. BIBL - Drawdown Comparison

The maximum TOLL drawdown since its inception was -15.54%, smaller than the maximum BIBL drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for TOLL and BIBL.

Drawdown Indicators

	TOLL	BIBL	Difference
Max Drawdown Largest peak-to-trough decline	-15.54%	-36.12%	+20.58%
Max Drawdown (1Y) Largest decline over 1 year	-11.83%	-13.93%	+2.10%
Max Drawdown (5Y) Largest decline over 5 years	—	-30.85%	—
Current Drawdown Current decline from peak	-9.33%	-6.01%	-3.32%
Average Drawdown Average peak-to-trough decline	-2.43%	-7.17%	+4.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	2.93%	+0.26%

Volatility

TOLL vs. BIBL - Volatility Comparison

The current volatility for Tema Monopolies and Oligopolies ETF (TOLL) is 5.65%, while Inspire 100 ETF (BIBL) has a volatility of 6.90%. This indicates that TOLL experiences smaller price fluctuations and is considered to be less risky than BIBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TOLL	BIBL	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.65%	6.90%	-1.25%
Volatility (6M) Calculated over the trailing 6-month period	10.53%	12.24%	-1.71%
Volatility (1Y) Calculated over the trailing 1-year period	19.18%	20.37%	-1.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.76%	19.44%	-3.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.76%	21.15%	-5.39%