BTR vs TOLL
Beacon Tactical Risk ETF vs Tema Durable Quality ETF
Which is better, BTR or TOLL?
TOLL has been ahead.
TOLL has a lower expense ratio. TOLL led over 1Y and the full window.
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 | BTR | TOLL |
|---|---|---|
| Expense Ratio | 1.08% | 0.55%Best |
| AUM | $30M | $47M |
| Dividend Yield | 1.15% | 0.24% |
| Holdings | 24 | 37 |
| Volatility (annualized) | 12.5%Best | 15.4% |
| Max Drawdown | -16.7% | -15.5%Best |
| $10,000 over 3.4 years | $10,463 | $16,394Best |
| Fund Family | Beacon Capital Management | Tema Global Limited |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Apr 17, 2023 | May 11, 2023 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 21 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. BTR has data through Sep 23, 2026 and TOLL through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 3.4 years row, are measured over the window both funds cover: May 11, 2023 to Sep 23, 2026 (3.4 years).
Risk: Volatility and Drawdowns
TOLL has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 12.5% for BTR. 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 -16.7% for BTR and -15.5% for TOLL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.53. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BTR charges 1.08% per year while TOLL charges 0.55%. On a $10,000 position that is $108 vs $55 annually, a gap of $53 per year that compounds over a long holding period. On income, BTR currently yields 1.15% against 0.24% for TOLL.
Holdings Overlap
We hold position weights for 11 holdings in BTR and 35 in TOLL, totalling 99.5% and 84.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 11 positions we hold weights for in BTR and 35 in TOLL, against full books of 24 and 37.
You are not choosing between two funds in isolation.
Whichever of BTR and TOLL you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BTR or TOLL?
BTR has an expense ratio of 1.08% while TOLL charges 0.55%. TOLL is the cheaper option, by $53 a year on a $10,000 investment.
Which is riskier, BTR or TOLL?
TOLL has been the more volatile fund at 15.4% annualized versus 12.5% for BTR. Worst drawdown: BTR -16.7% vs TOLL -15.5%.
Should I hold both BTR and TOLL?
BTR and TOLL have a monthly-return correlation of 0.53, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BTR or TOLL?
BTR yields 1.15% while TOLL yields 0.24%, so BTR currently pays the higher dividend yield.
Is TOLL better than BTR?
TOLL has a lower expense ratio. TOLL led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.