DARP vs TOLL
Grizzle Growth ETF vs Tema Durable Quality ETF
Which is better, DARP or TOLL?
DARP has been ahead.
TOLL has a lower expense ratio. DARP led over 1Y, 3Y 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 | DARP | TOLL |
|---|---|---|
| Expense Ratio | 0.75% | 0.55%Best |
| AUM | $44M | $47M |
| Dividend Yield | 0.34% | 0.24% |
| Holdings | 88 | 37 |
| YTD Return | +22.55%Best | +13.71% |
| 1Y Return | +35.28%Best | +17.61% |
| 3Y Return (annualized) | +31.75%Best | +18.18% |
| Volatility (annualized) | 21.6% | 15.6%Best |
| Max Drawdown | -30.3% | -15.5%Best |
| $10,000 over 3.1 years | $22,727Best | $15,842 |
| Fund Family | Grizzle Investment Management LLC | Tema Global Limited |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Dec 17, 2021 | May 11, 2023 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Aug 28, 2023 to Oct 14, 2026 (3.1 years).
DARP vs TOLL 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 3.1 years both funds cover.
DARP vs TOLL Performance
Grizzle Growth ETF (DARP) is an ETF from Grizzle Investment Management LLC and Tema Durable Quality ETF (TOLL) is an ETF from Tema Global Limited. Over the past year DARP returned +35.28% while TOLL returned +17.61%. Year to date, DARP is up 22.55% versus a gain of 13.71% for TOLL.
Over three years, DARP compounded at +31.75% per year against +18.18% for TOLL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DARP has been the more volatile fund, with annualized monthly volatility of 21.6% compared with 15.6% for TOLL. 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 -30.3% for DARP 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 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
DARP charges 0.75% per year while TOLL charges 0.55%. On a $10,000 position that is $75 vs $55 annually, a gap of $20 per year that compounds over a long holding period. On income, DARP currently yields 0.34% against 0.24% for TOLL.
Holdings Overlap
At least 1.8% of DARP's money is in holdings TOLL also owns.
Stated as a floor: for TOLL, our book for it covers 84.9% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
DARP and TOLL share little of their money.
1 positions in common, counted across the 44 positions we hold weights for in DARP and 35 in TOLL, against full books of 88 and 37.
Top Shared Holdings
| Stock | Weight in DARP | Weight in TOLL | Difference |
|---|---|---|---|
| AMATApplied Materials, Inc. | 1.77% | 3.18% | 1.41% |
You are not choosing between two funds in isolation.
Whichever of DARP 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, DARP or TOLL?
DARP has an expense ratio of 0.75% while TOLL charges 0.55%. TOLL is the cheaper option, by $20 a year on a $10,000 investment.
Which performed better, DARP or TOLL?
Over the past year DARP returned +35.28% vs +17.61% for TOLL, so DARP leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DARP or TOLL?
DARP has been the more volatile fund at 21.6% annualized versus 15.6% for TOLL. Worst drawdown: DARP -30.3% vs TOLL -15.5%.
Should I hold both DARP and TOLL?
DARP and TOLL have a monthly-return correlation of 0.68, 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 DARP and TOLL?
At least 1.8% of DARP's money is in holdings TOLL also owns. Our book for TOLL is partial, so the real figure is this or higher. They hold 1 positions in common, counted across the 44 positions we hold weights for in DARP and 35 in TOLL.
Which pays a higher dividend, DARP or TOLL?
DARP yields 0.34% while TOLL yields 0.24%, so DARP currently pays the higher dividend yield.
Is TOLL better than DARP?
TOLL has a lower expense ratio. DARP led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.