TOGA vs VOO
Tremblant Global ETF vs Vanguard S&P 500 ETF
Which is better, TOGA or VOO?
Mid Cap Blend against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y and the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 44.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | TOGA | VOO |
|---|---|---|
| Expense Ratio | 0.69% | 0.03%Best |
| AUM | $166M | $1.0T |
| Dividend Yield | 0.00% | 1.04% |
| Holdings | 66 | 506 |
| YTD Return | -15.00% | +12.75%Best |
| 1Y Return | -17.90% | +15.60%Best |
| 3Y Return (annualized) | - | +22.95% |
| 5Y Return (annualized) | - | +13.55% |
| Volatility (annualized) | 17.9% | 11.6%Best |
| Max Drawdown | -28.5% | -18.7%Best |
| $10,000 over 2.4 years | $11,351 | $15,378Best |
| Top 10 Weight | 44.8% | 37.6%Best |
| Fund Family | Tremblant Advisors LP | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Blend |
| Inception | Aug 1, 2022 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: May 3, 2024 to Oct 1, 2026 (2.4 years).
TOGA vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.4 years both funds cover.
TOGA vs VOO Performance
Tremblant Global ETF (TOGA) is an ETF from Tremblant Advisors LP and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year TOGA returned -17.90% while VOO returned +15.60%. Year to date, TOGA is down 15.00% versus a gain of 12.75% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TOGA has been the more volatile fund, with annualized monthly volatility of 17.9% compared with 11.6% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -28.5% for TOGA and -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
TOGA charges 0.69% per year while VOO charges 0.03%. On a $10,000 position that is $69 vs $3 annually, a gap of $66 per year that compounds over a long holding period. On income, TOGA currently yields 0.00% against 1.04% for VOO.
Holdings Overlap
25.4% of TOGA's money is in holdings VOO also owns. 0.7% of VOO's money is in holdings TOGA also owns.
TOGA and VOO share little of their money.
The two holdings books were reported 46 days apart, TOGA as of Sep 15, 2026 and VOO as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
7 positions in common, counted across the 32 positions we hold weights for in TOGA and 494 in VOO, against full books of 66 and 506.
What only one of them owns
Our book lists 480 positions for VOO that do not appear in our book for TOGA (98.5% of the fund), and 21 for TOGA that do not appear in VOO (61.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in TOGA | Weight in VOO | Difference |
|---|---|---|---|
| UBERUber Technologies Inc | 4.73% | 0.22% | 4.51% |
| DASHDoordash Inc - A | 4.68% | 0.12% | 4.56% |
| LYVLive Nation Entertainment Inc | 3.87% | 0.04% | 3.83% |
| TKOTko Group Holdings Inc | 3.70% | 0.02% | 3.68% |
| CSGPCostar Group Inc. | 3.29% | 0.02% | 3.27% |
| PGRProgressive Corporation | 2.60% | 0.19% | 2.41% |
| CMGChipotle Mexican Grill Inc. Class A | 2.54% | 0.07% | 2.47% |
25.4% of TOGA is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, TOGA or VOO?
TOGA has an expense ratio of 0.69% while VOO charges 0.03%. VOO is the cheaper option, by $66 a year on a $10,000 investment.
Which performed better, TOGA or VOO?
Over the past year TOGA returned -17.90% vs +15.60% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), TOGA annualized +5.42% vs +19.64% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, TOGA or VOO?
TOGA has been the more volatile fund at 17.9% annualized versus 11.6% for VOO. Worst drawdown: TOGA -28.5% vs VOO -18.7%.
Should I hold both TOGA and VOO?
TOGA and VOO have a monthly-return correlation of 0.76, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between TOGA and VOO?
25.4% of TOGA's money is in holdings VOO also owns. 0.7% of VOO's is in holdings TOGA also owns. They hold 7 positions in common, counted across the 32 positions we hold weights for in TOGA and 494 in VOO.
Which pays a higher dividend, TOGA or VOO?
TOGA yields 0.00% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than TOGA?
VOO has a lower expense ratio. VOO led over 1Y and the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 44.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.