VSLU vs. TOLZ

Last updated Jun 3, 2026

VSLU (Applied Finance Valuation Large Cap US ETF) and TOLZ (ProShares DJ Brookfield Global Infrastructure ETF) are both exchange-traded funds - VSLU is a Large Cap Blend Equities fund actively managed by Applied Finance, while TOLZ is a Industrials Equities fund tracking the Dow Jones Brookfield Global Infrastructure Composite Index. VSLU is actively managed, while TOLZ is passively managed. Over the past 5 years, VSLU returned 14.42%/yr vs 8.65%/yr for TOLZ. At a 0.49 correlation, their price movements are largely independent. VSLU charges 0.49%/yr vs 0.46%/yr for TOLZ.

Performance

VSLU vs. TOLZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Applied Finance Valuation Large Cap US ETF (VSLU) and ProShares DJ Brookfield Global Infrastructure ETF (TOLZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VSLU achieves a 6.76% return, which is significantly lower than TOLZ's 11.42% return.

VSLU

• 1D: -0.37%
• 1M: 4.20%
• YTD: 6.76%
• 6M: 7.74%
• 1Y: 27.23%
• 3Y*: 22.03%
• 5Y*: 14.42%
• 10Y*: —

TOLZ

• 1D: 0.80%
• 1M: -2.12%
• YTD: 11.42%
• 6M: 12.13%
• 1Y: 13.99%
• 3Y*: 14.21%
• 5Y*: 8.65%
• 10Y*: 7.76%

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

VSLU vs. TOLZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VSLU Applied Finance Valuation Large Cap US ETF	6.76%	21.52%	23.80%	26.79%	-16.05%	14.05%
TOLZ ProShares DJ Brookfield Global Infrastructure ETF	11.42%	14.76%	11.67%	6.18%	-4.25%	8.11%

Correlation

The correlation between VSLU and TOLZ is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (All Time) Calculated using the full available price history since May 3, 2021	0.49

Over the past year, the correlation between VSLU and TOLZ has dropped to 0.08 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.

VSLU vs. TOLZ - Sectors Allocation Comparison

Sectors	VSLU	TOLZ
Technology	36.3%	0.4%
Communication Services	14.7%	-
Healthcare	11.6%	-
Consumer Cyclical	11.0%	0.8%
Financial Services	9.4%	2.0%
Industrials	7.4%	5.2%
Consumer Defensive	4.3%	4.5%
Energy	2.3%	35.4%
Utilities	1.2%	22.2%
Basic Materials	1.1%	-
Real Estate	0.8%	8.0%

Return for Risk

VSLU vs. TOLZ — Risk / Return Rank

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

VSLU

VSLU Risk / Return Rank: 64
VSLU Sharpe Ratio Rank: 65
VSLU Sortino Ratio Rank: 63
VSLU Omega Ratio Rank: 63
VSLU Calmar Ratio Rank: 59
VSLU Martin Ratio Rank: 70

TOLZ

TOLZ Risk / Return Rank: 44
TOLZ Sharpe Ratio Rank: 38
TOLZ Sortino Ratio Rank: 38
TOLZ Omega Ratio Rank: 35
TOLZ Calmar Ratio Rank: 58
TOLZ Martin Ratio Rank: 51

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.

VSLU vs. TOLZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Applied Finance Valuation Large Cap US ETF (VSLU) and ProShares DJ Brookfield Global Infrastructure ETF (TOLZ). 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.

	VSLU	TOLZ	Difference
Sharpe ratio Return per unit of total volatility	2.19	1.37	+0.82
Sortino ratio Return per unit of downside risk	2.98	1.99	+0.99
Omega ratio Gain probability vs. loss probability	1.39	1.23	+0.15
Calmar ratio Return relative to maximum drawdown	3.00	2.90	+0.10
Martin ratio Return relative to average drawdown	13.33	8.79	+4.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VSLU vs. TOLZ - Sharpe Ratio Comparison

The current VSLU Sharpe Ratio is 2.19, which is higher than the TOLZ Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of VSLU and TOLZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VSLU	TOLZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	1.37	+0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.62	+0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	0.41	+0.46

Drawdowns

VSLU vs. TOLZ - Drawdown Comparison

The maximum VSLU drawdown since its inception was -23.86%, smaller than the maximum TOLZ drawdown of -39.33%. Use the drawdown chart below to compare losses from any high point for VSLU and TOLZ.

Drawdown Indicators

	VSLU	TOLZ	Difference
Max Drawdown Largest peak-to-trough decline	-23.86%	-39.33%	+15.47%
Max Drawdown (1Y) Largest decline over 1 year	-9.16%	-5.18%	-3.98%
Max Drawdown (3Y) Largest decline over 3 years	-17.89%	-11.94%	-5.95%
Max Drawdown (5Y) Largest decline over 5 years	-23.86%	-21.85%	-2.01%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.33%	—
Current Drawdown Current decline from peak	-0.37%	-3.04%	+2.67%
Average Drawdown Average peak-to-trough decline	-4.89%	-6.63%	+1.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	1.71%	+0.35%

Volatility

VSLU vs. TOLZ - Volatility Comparison

The current volatility for Applied Finance Valuation Large Cap US ETF (VSLU) is 2.41%, while ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) has a volatility of 3.39%. This indicates that VSLU experiences smaller price fluctuations and is considered to be less risky than TOLZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VSLU	TOLZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.41%	3.39%	-0.98%
Volatility (6M) Calculated over the trailing 6-month period	9.24%	8.24%	+1.00%
Volatility (1Y) Calculated over the trailing 1-year period	12.48%	10.32%	+2.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.19%	13.99%	+2.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.14%	16.30%	-0.16%

VSLU vs. TOLZ - Expense Ratio Comparison

VSLU has a 0.49% expense ratio, which is higher than TOLZ's 0.46% expense ratio.

Dividends

VSLU vs. TOLZ - Dividend Comparison

VSLU's dividend yield for the trailing twelve months is around 0.43%, less than TOLZ's 3.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TOLZ ProShares DJ Brookfield Global Infrastructure ETF	3.66%	3.99%	3.53%	3.34%	3.01%	3.28%	3.16%	2.96%	3.63%	3.30%	2.62%	3.67%
VSLU Applied Finance Valuation Large Cap US ETF	0.43%	0.46%	0.60%	0.60%	0.99%	0.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VSLU and TOLZ in my portfolio?

VSLU and TOLZ have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VSLU or TOLZ?

TOLZ has higher volatility (3.39%) compared to VSLU (2.41%). In terms of maximum drawdown, VSLU dropped -23.86% vs TOLZ's -39.33%.

Which ETF is better, VSLU or TOLZ?

On 5-year performance, VSLU leads with 14.42% vs 8.65% for TOLZ. On fees, TOLZ is cheaper at 0.46% per year. On volatility, VSLU has been the lower-risk option at 2.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VSLU or TOLZ?

Over the 5-year period, VSLU has performed better with a 14.42% return vs 8.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VSLU or TOLZ?

TOLZ is cheaper with a 0.46% expense ratio, compared with 0.49% for VSLU.

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

TOLZ has the higher dividend yield at 3.66%, compared with 0.43% for VSLU.

What is the main difference between VSLU and TOLZ?

VSLU is categorized as Large Cap Blend Equities, while TOLZ is Industrials Equities. They also come from different issuers: Applied Finance and ProShares. Their fees differ too: 0.49% for VSLU and 0.46% for TOLZ.

Which has better risk-adjusted returns?

VSLU currently has the higher Sharpe Ratio (2.19 vs 1.37), 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.