TOLL vs VOO
Tema Durable Quality ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | TOLL | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.03% | |
| AUM | $59M | $997.4B | |
| Dividend Yield | 0.26% | 1.08% | |
| Holdings | 37 | 509 | |
| YTD Return | +11.34% | +13.20% | |
| 1Y Return | +15.82% | +21.62% | |
| 3Y Return (annualized) | +16.46% | +22.16% | |
| 5Y Return (annualized) | - | +13.42% | |
| Volatility (annualized) | 15.5% | 14.1% | |
| Max Drawdown | -15.5% | -34.3% | |
| Fund Family | Tema Global Limited | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | May 11, 2023 | Sep 7, 2010 |
TOLL vs VOO Performance
Tema Durable Quality ETF (TOLL) is a ETF from Tema Global Limited and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year TOLL returned +15.82% while VOO returned +21.62%. Year to date, TOLL is up 11.34% versus a gain of 13.20% for VOO.
Over three years, TOLL compounded at +16.46% per year against +22.16% for VOO. Across the full 3-year window we track, TOLL has the edge at +14.96% annualized vs +13.51%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TOLL has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 14.1% 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 -15.5% for TOLL and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
TOLL charges 0.55% per year while VOO charges 0.03%. On a $10,000 position that is $55 vs $3 annually, a gap of $52 per year that compounds over a long holding period. On income, TOLL currently yields 0.26% against 1.08% for VOO.
Holdings Overlap
TOLL and VOO share 26 holdings out of 514 unique holdings combined, representing a 10.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, TOLL or VOO?
TOLL has an expense ratio of 0.55% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, TOLL or VOO?
Over the past year TOLL returned +15.82% vs +21.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (3 years), TOLL annualized +14.96% vs +13.51% for VOO. Past performance does not guarantee future results.
Which is riskier, TOLL or VOO?
TOLL has been the more volatile fund at 15.5% annualized versus 14.1% for VOO. Worst drawdown: TOLL -15.5% vs VOO -34.3%.
Should I hold both TOLL and VOO?
TOLL and VOO have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TOLL and VOO?
TOLL and VOO share 26 common holdings with a 10.3% weight overlap. Combined, they hold 514 unique securities.
Which pays a higher dividend, TOLL or VOO?
TOLL yields 0.26% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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