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TOLZ vs. VOO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TOLZ vs. VOO

Last updated Jun 23, 2026

TOLZ (ProShares DJ Brookfield Global Infrastructure ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - TOLZ is a Industrials Equities fund tracking the Dow Jones Brookfield Global Infrastructure Composite Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, TOLZ returned 7.84%/yr vs 15.77%/yr for VOO. A 0.60 correlation means they provide meaningful diversification when combined. TOLZ charges 0.46%/yr vs 0.03%/yr for VOO.

Performance

TOLZ vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TOLZ achieves a 11.11% return, which is significantly higher than VOO's 9.75% return. Over the past 10 years, TOLZ has underperformed VOO with an annualized return of 7.84%, while VOO has yielded a comparatively higher 15.77% annualized return.

TOLZ

1D
0.45%
1M
-3.18%
YTD
11.11%
6M
12.03%
1Y
16.22%
3Y*
14.79%
5Y*
8.61%
10Y*
7.84%

VOO

1D
-0.29%
1M
0.08%
YTD
9.75%
6M
9.30%
1Y
26.77%
3Y*
21.36%
5Y*
13.58%
10Y*
15.77%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TOLZ vs. VOO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
TOLZ
ProShares DJ Brookfield Global Infrastructure ETF		11.11%14.76%11.67%6.18%-4.25%20.47%-9.46%26.84%-7.90%13.28%
VOO
Vanguard S&P 500 ETF		9.75%17.82%24.98%26.32%-18.17%28.79%18.32%31.37%-4.50%21.77%

Correlation

The correlation between TOLZ and VOO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.13

Correlation (3Y)
Calculated over the trailing 3-year period

0.36

Correlation (5Y)
Calculated over the trailing 5-year period

0.53

Correlation (10Y)
Calculated over the trailing 10-year period

0.60

Correlation (All Time)
Calculated using the full available price history since Mar 27, 2014

0.60

Over the past year, the correlation between TOLZ and VOO has dropped to 0.13 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.

TOLZ vs. VOO - Sectors Allocation Comparison

Sectors
TOLZ
VOO

Energy

36.0%
3.2%

Utilities

22.2%
2.5%

Real Estate

7.9%
1.8%

Industrials

5.1%
7.6%

Consumer Defensive

4.4%
4.5%

Financial Services

1.9%
10.9%

Consumer Cyclical

0.8%
9.8%

Technology

0.4%
39.1%

Basic Materials

-

1.7%

Communication Services

-

10.5%

Healthcare

-

8.3%

Energy

TOLZ
36.0%
VOO
3.2%

Utilities

TOLZ
22.2%
VOO
2.5%

Real Estate

TOLZ
7.9%
VOO
1.8%

Industrials

TOLZ
5.1%
VOO
7.6%

Consumer Defensive

TOLZ
4.4%
VOO
4.5%

Financial Services

TOLZ
1.9%
VOO
10.9%

Consumer Cyclical

TOLZ
0.8%
VOO
9.8%

Technology

TOLZ
0.4%
VOO
39.1%

Basic Materials

TOLZ

-

VOO
1.7%

Communication Services

TOLZ

-

VOO
10.5%

Healthcare

TOLZ

-

VOO
8.3%

Compare stocks, funds, or ETFs

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ProShares DJ Brookfield Global Infrastructure ETF

Vanguard S&P 500 ETF

Often compared with TOLZ:
TOLZ vs. GIITOLZ vs. IFRATOLZ vs. PAVETOLZ vs. BPTOLZ vs. GRIDTOLZ vs. BNTOLZ vs. BTAL
Often compared with VOO:
VOO vs. VTIVOO vs. QQQVOO vs. SCHDVOO vs. VTVOO vs. SPYVOO vs. FXAIXVOO vs. VGT

Return for Risk

TOLZ vs. VOO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TOLZ
TOLZ Risk / Return Rank: 5151
Overall Rank
TOLZ Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
TOLZ Sortino Ratio Rank: 4646
Sortino Ratio Rank
TOLZ Omega Ratio Rank: 4343
Omega Ratio Rank
TOLZ Calmar Ratio Rank: 6565
Calmar Ratio Rank
TOLZ Martin Ratio Rank: 5454
Martin Ratio Rank
VOO
VOO Risk / Return Rank: 6868
Overall Rank
VOO Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
VOO Sortino Ratio Rank: 6767
Sortino Ratio Rank
VOO Omega Ratio Rank: 6969
Omega Ratio Rank
VOO Calmar Ratio Rank: 6363
Calmar Ratio Rank
VOO Martin Ratio Rank: 7474
Martin Ratio Rank
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.

TOLZ vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) and Vanguard S&P 500 ETF (VOO). 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.

TOLZVOODifference
Sharpe ratioReturn per unit of total volatility
1.57
2.17

-0.60

Sortino ratioReturn per unit of downside risk
2.25
2.93

-0.68

Omega ratioGain probability vs. loss probability

1.27

1.39

-0.12

Calmar ratioReturn relative to maximum drawdown

3.15

3.02

+0.13

Martin ratioReturn relative to average drawdown

9.12

13.58

-4.46

TOLZ vs. VOO - Sharpe Ratio Comparison

The current TOLZ Sharpe Ratio is 1.57, which is comparable to the VOO Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of TOLZ and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

TOLZ vs. VOO - Drawdown Comparison

The maximum TOLZ drawdown since its inception was -39.33%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for TOLZ and VOO.

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Drawdown Indicators

TOLZVOODifference

Max Drawdown

Largest peak-to-trough decline

-39.33%

-33.99%

-5.34%

Max Drawdown (1Y)

Largest decline over 1 year

-5.18%

-8.90%

+3.72%

Max Drawdown (3Y)

Largest decline over 3 years

-11.94%

-18.69%

+6.75%

Max Drawdown (5Y)

Largest decline over 5 years

-21.85%

-24.52%

+2.67%

Max Drawdown (10Y)

Largest decline over 10 years

-39.33%

-33.99%

-5.34%

Current Drawdown

Current decline from peak

-3.30%

-1.74%

-1.56%

Average Drawdown

Average peak-to-trough decline

-6.61%

-3.68%

-2.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.78%

1.98%

-0.20%

Volatility

TOLZ vs. VOO - Volatility Comparison

The current volatility for ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) is 3.17%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.60%. This indicates that TOLZ experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TOLZVOODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.17%

4.60%

-1.43%

Volatility (6M)

Calculated over the trailing 6-month period

8.28%

9.73%

-1.45%

Volatility (1Y)

Calculated over the trailing 1-year period

10.40%

12.39%

-1.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.98%

16.90%

-2.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.26%

18.05%

-1.79%

TOLZ vs. VOO - Expense Ratio Comparison

TOLZ has a 0.46% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

TOLZ vs. VOO - Dividend Comparison

TOLZ's dividend yield for the trailing twelve months is around 3.67%, more than VOO's 1.04% yield.

PositionTTM20252024202320222021202020192018201720162015
TOLZ
ProShares DJ Brookfield Global Infrastructure ETF		3.67%3.99%3.53%3.34%3.01%3.28%3.16%2.96%3.63%3.30%2.62%3.67%
VOO
Vanguard S&P 500 ETF		1.04%1.13%1.24%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%

Frequently Asked Questions

TOLZ and VOO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VOO has higher volatility (4.60%) compared to TOLZ (3.17%). In terms of maximum drawdown, TOLZ dropped -39.33% vs VOO's -33.99%.

On 10-year performance, VOO leads with 15.77% vs 7.84% for TOLZ. On fees, VOO is cheaper at 0.03% per year. On volatility, TOLZ has been the lower-risk option at 3.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VOO has performed better with a 15.77% return vs 7.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VOO is cheaper with a 0.03% expense ratio, compared with 0.46% for TOLZ.

TOLZ has the higher dividend yield at 3.67%, compared with 1.04% for VOO.

TOLZ is categorized as Industrials Equities, while VOO is S&P 500. TOLZ tracks Dow Jones Brookfield Global Infrastructure Composite Index, while VOO tracks S&P 500 Index. They also come from different issuers: ProShares and Vanguard. Their fees differ too: 0.46% for TOLZ and 0.03% for VOO.

VOO currently has the higher Sharpe Ratio (2.17 vs 1.57), 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.

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