TOLL vs. FITZ

Last updated Aug 2, 2026

TOLL (Tema Monopolies and Oligopolies ETF) and FITZ (Fitz-Gerald Must Have Portfolio ETF) are both Large Cap Growth Equities funds. Both are actively managed. Their 0.58 correlation means they have sometimes moved together and sometimes differently. TOLL charges 0.55%/yr vs 0.75%/yr for FITZ.

Performance

TOLL vs. FITZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema Monopolies and Oligopolies ETF (TOLL) and Fitz-Gerald Must Have Portfolio ETF (FITZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TOLL

• 1D: 0.73%
• 1M: -3.52%
• 6M: 7.48%
• YTD: 11.07%
• 1Y: 16.44%
• 3Y*: 14.88%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.94%

FITZ

• 1D: 0.60%
• 1M: -0.74%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FITZ Fitz-Gerald Must Have Portfolio ETF	$718.51K	$811.16K	$3.71M
TOLL Tema Monopolies and Oligopolies ETF	$213.51K	$340.80K	$548.66K

TOLL vs. FITZ - Yearly Performance Comparison

	2026 (YTD)
TOLL Tema Monopolies and Oligopolies ETF	-0.31%
FITZ Fitz-Gerald Must Have Portfolio ETF	-2.88%

Correlation

The correlation between TOLL and FITZ is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.58

Return for Risk

TOLL vs. FITZ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TOLL

TOLL Risk / Return Rank: 40
TOLL Sharpe Ratio Rank: 40
TOLL Sortino Ratio Rank: 40
TOLL Omega Ratio Rank: 37
TOLL Calmar Ratio Rank: 40
TOLL Martin Ratio Rank: 44

FITZ

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TOLL vs. FITZ - Risk-Adjusted Trends Comparison

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

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	TOLL	FITZ	Difference
Sharpe ratio: Return per unit of total volatility	0.99	—	—
Sortino ratio: Return per unit of downside risk	1.50	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.42	—	—
Martin ratio: Return relative to average drawdown	4.92	—	—

Drawdowns

TOLL vs. FITZ - Drawdown Comparison

The maximum TOLL drawdown since its inception was -15.54%, which is greater than FITZ's maximum drawdown of -7.37%. Use the drawdown chart below to compare losses from any high point for TOLL and FITZ.

Drawdown Indicators

	TOLL	FITZ	Difference
Max Drawdown Largest peak-to-trough decline	-15.54%	-7.37%	-8.17%
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	-6.29%	-4.25%	-2.04%
Average Drawdown Average peak-to-trough decline	-2.43%	-4.03%	+1.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.24%	—	—

Volatility

Volatility by Period

	TOLL	FITZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.90%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.70%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.30%	14.85%	+1.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.18%	14.85%	+1.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.18%	14.85%	+1.33%

TOLL vs. FITZ - Expense Ratio Comparison

TOLL has a 0.55% expense ratio, which is lower than FITZ's 0.75% expense ratio.

Dividends

TOLL vs. FITZ - Dividend Comparison

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

Position	TTM	2025	2024	2023
FITZ Fitz-Gerald Must Have Portfolio 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 TOLL and FITZ in my portfolio?

TOLL and FITZ have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TOLL or FITZ?

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, TOLL or FITZ?

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

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

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

What is the main difference between TOLL and FITZ?

They also come from different issuers: Tema and Nicholas. Their fees differ too: 0.55% for TOLL and 0.75% for FITZ.