TOLZ vs. BILT

Last updated Aug 2, 2026

TOLZ (ProShares DJ Brookfield Global Infrastructure ETF) and BILT (iShares Infrastructure Active ETF) are both Infrastructure Equities funds. TOLZ is passively managed, while BILT is actively managed. Over the past year, TOLZ returned 15.76% vs 17.98% for BILT. Their correlation of 0.84 means they have usually moved in the same direction. TOLZ charges 0.46%/yr vs 0.60%/yr for BILT.

Performance

TOLZ vs. BILT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) and iShares Infrastructure Active ETF (BILT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TOLZ achieves a 12.26% return, which is significantly lower than BILT's 14.30% return.

TOLZ

• 1D: -0.70%
• 1M: 0.30%
• 6M: 7.13%
• YTD: 12.26%
• 1Y: 15.76%
• 3Y*: 14.11%
• 5Y*: 8.83%
• 10Y*: 7.50%
• ALL TIME*: 6.71%

BILT

• 1D: 0.11%
• 1M: -1.05%
• 6M: 8.99%
• YTD: 14.30%
• 1Y: 17.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.07%

*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)
BILT iShares Infrastructure Active ETF	$2.38M	$1.70M	$1.65M
TOLZ ProShares DJ Brookfield Global Infrastructure ETF	$2.85M	$1.54M	$1.36M

TOLZ vs. BILT - Yearly Performance Comparison

	2026 (YTD)	2025
TOLZ ProShares DJ Brookfield Global Infrastructure ETF	12.26%	3.64%
BILT iShares Infrastructure Active ETF	14.30%	4.16%

Correlation

The correlation between TOLZ and BILT is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.84
Correlation (All Time) Calculated using the full available price history since Jul 31, 2025	0.84

The correlation between TOLZ and BILT has been stable across timeframes, ranging from 0.84 to 0.84 - a consistent structural relationship.

Return for Risk

TOLZ vs. BILT — Risk / Return Rank

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

TOLZ

TOLZ Risk / Return Rank: 71
TOLZ Sharpe Ratio Rank: 67
TOLZ Sortino Ratio Rank: 69
TOLZ Omega Ratio Rank: 62
TOLZ Calmar Ratio Rank: 84
TOLZ Martin Ratio Rank: 72

BILT

BILT Risk / Return Rank: 81
BILT Sharpe Ratio Rank: 80
BILT Sortino Ratio Rank: 79
BILT Omega Ratio Rank: 78
BILT Calmar Ratio Rank: 88
BILT Martin Ratio Rank: 81

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.

TOLZ vs. BILT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) and iShares Infrastructure Active ETF (BILT). 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.

	TOLZ	BILT	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.84	-0.29
Sortino ratio: Return per unit of downside risk	2.24	2.56	-0.33
Omega ratio: Gain probability vs. loss probability	1.27	1.33	-0.06
Calmar ratio: Return relative to maximum drawdown	3.20	3.52	-0.32
Martin ratio: Return relative to average drawdown	8.87	10.60	-1.73

TOLZ vs. BILT - Sharpe Ratio Comparison

The current TOLZ Sharpe Ratio is 1.55, which is comparable to the BILT Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of TOLZ and BILT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TOLZ vs. BILT - Drawdown Comparison

The maximum TOLZ drawdown since its inception was -39.33%, which is greater than BILT's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for TOLZ and BILT.

Drawdown Indicators

	TOLZ	BILT	Difference
Max Drawdown Largest peak-to-trough decline	-39.33%	-5.38%	-33.95%
Max Drawdown (1Y) Largest decline over 1 year	-5.18%	-5.38%	+0.20%
Max Drawdown (3Y) Largest decline over 3 years	-9.26%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.85%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.33%	—	—
Current Drawdown Current decline from peak	-2.30%	-2.25%	-0.05%
Average Drawdown Average peak-to-trough decline	-6.57%	-1.36%	-5.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	1.78%	+0.08%

Volatility

TOLZ vs. BILT - Volatility Comparison

ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) has a higher volatility of 3.58% compared to iShares Infrastructure Active ETF (BILT) at 3.10%. This indicates that TOLZ's price experiences larger fluctuations and is considered to be riskier than BILT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TOLZ	BILT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.58%	3.10%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	8.79%	8.44%	+0.35%
Volatility (1Y) Calculated over the trailing 1-year period	10.70%	10.31%	+0.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.03%	10.31%	+3.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.23%	10.31%	+5.92%

TOLZ vs. BILT - Expense Ratio Comparison

TOLZ has a 0.46% expense ratio, which is lower than BILT's 0.60% expense ratio.

Dividends

TOLZ vs. BILT - Dividend Comparison

TOLZ's dividend yield for the trailing twelve months is around 2.97%, less than BILT's 5.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BILT iShares Infrastructure Active ETF	5.70%	0.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TOLZ ProShares DJ Brookfield Global Infrastructure ETF	2.97%	3.99%	3.53%	3.34%	3.01%	3.28%	3.16%	2.96%	3.63%	3.30%	2.62%	3.67%

Frequently Asked Questions

Can I hold both TOLZ and BILT in my portfolio?

TOLZ and BILT have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TOLZ or BILT?

TOLZ has higher volatility (3.58%) compared to BILT (3.10%). In terms of maximum drawdown, TOLZ dropped -39.33% vs BILT's -5.38%.

Which ETF is better, TOLZ or BILT?

On 1-year performance, BILT leads with 17.98% vs 15.76% for TOLZ. On fees, TOLZ is cheaper at 0.46% per year. On volatility, BILT has been the lower-risk option at 3.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TOLZ or BILT?

Over the 1-year period, BILT has performed better with a 17.98% return vs 15.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TOLZ or BILT?

TOLZ is cheaper with a 0.46% expense ratio, compared with 0.60% for BILT.

Which ETF pays a higher dividend yield, TOLZ or BILT?

BILT has the higher dividend yield at 5.70%, compared with 2.97% for TOLZ.

What is the main difference between TOLZ and BILT?

They also come from different issuers: ProShares and iShares. Their fees differ too: 0.46% for TOLZ and 0.60% for BILT.

Which has better risk-adjusted returns?

BILT currently has the higher Sharpe Ratio (1.84 vs 1.55), 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.