TOLL vs. NASA

Last updated Jun 24, 2026

TOLL (Tema Monopolies and Oligopolies ETF) and NASA (Tema Space Innovators ETF) are both exchange-traded funds - TOLL is a Large Cap Growth Equities fund actively managed by Tema, while NASA is a Aerospace & Defense fund actively managed by Tema. Both are actively managed. At a 0.43 correlation, their price movements are largely independent. TOLL charges 0.55%/yr vs 0.75%/yr for NASA.

Performance

TOLL vs. NASA - Performance Comparison

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

Returns By Period

TOLL

• 1D: -2.41%
• 1M: 4.20%
• YTD: 14.33%
• 6M: 13.56%
• 1Y: 20.94%
• 3Y*: 17.45%
• 5Y*: —
• 10Y*: —

NASA

• 1D: -3.39%
• 1M: -25.85%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TOLL vs. NASA - Yearly Performance Comparison

	2026 (YTD)
TOLL Tema Monopolies and Oligopolies ETF	21.25%
NASA Tema Space Innovators ETF	19.25%

Correlation

The correlation between TOLL and NASA is 0.43, 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 Mar 31, 2026	0.43

Return for Risk

TOLL vs. NASA — Risk / Return Rank

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

TOLL

TOLL Risk / Return Rank: 42
TOLL Sharpe Ratio Rank: 42
TOLL Sortino Ratio Rank: 42
TOLL Omega Ratio Rank: 40
TOLL Calmar Ratio Rank: 40
TOLL Martin Ratio Rank: 46

NASA

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

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. NASA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Monopolies and Oligopolies ETF (TOLL) and Tema Space Innovators ETF (NASA). 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	NASA	Difference
Sharpe ratio: Return per unit of total volatility	1.38	—	—
Sortino ratio: Return per unit of downside risk	2.00	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	1.87	—	—
Martin ratio: Return relative to average drawdown	7.09	—	—

Drawdowns

TOLL vs. NASA - Drawdown Comparison

The maximum TOLL drawdown since its inception was -15.54%, smaller than the maximum NASA drawdown of -31.39%. Use the drawdown chart below to compare losses from any high point for TOLL and NASA.

Drawdown Indicators

	TOLL	NASA	Difference
Max Drawdown Largest peak-to-trough decline	-15.54%	-31.39%	+15.85%
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	-2.41%	-31.39%	+28.98%
Average Drawdown Average peak-to-trough decline	-2.37%	-7.53%	+5.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	—	—

Volatility

Volatility by Period

	TOLL	NASA	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.54%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.94%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.25%	67.40%	-52.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.05%	67.40%	-51.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.05%	67.40%	-51.35%

TOLL vs. NASA - Expense Ratio Comparison

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

Dividends

TOLL vs. NASA - Dividend Comparison

TOLL's dividend yield for the trailing twelve months is around 0.28%, while NASA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
NASA Tema Space Innovators ETF	0.00%	0.00%	0.00%	0.00%
TOLL Tema Monopolies and Oligopolies ETF	0.28%	0.32%	1.99%	0.36%

Frequently Asked Questions

Can I hold both TOLL and NASA in my portfolio?

TOLL and NASA have a correlation of 0.43, 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 NASA?

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 NASA?

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

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

TOLL has the higher dividend yield at 0.28%, compared with 0.00% for NASA.

What is the main difference between TOLL and NASA?

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