GQRE vs TOGA
Northern Trust Global Quality Real Estate ETF vs Tremblant Global ETF
Which is better, GQRE or TOGA?
GQRE has been ahead.
GQRE has a lower expense ratio. GQRE led over 1Y and the full window. GQRE is less concentrated, with 35.9% of the fund in its ten largest positions against 44.0%.
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 | GQRE | TOGA |
|---|---|---|
| Expense Ratio | 0.45%Best | 0.69% |
| AUM | $446M | $174M |
| Dividend Yield | 4.45% | 0.00% |
| Holdings | 197 | 66 |
| YTD Return | +1.63%Best | -13.54% |
| 1Y Return | +2.94%Best | -14.87% |
| 3Y Return (annualized) | +10.26% | - |
| 5Y Return (annualized) | +0.12% | - |
| Volatility (annualized) | 13.4%Best | 17.9% |
| Max Drawdown | -15.2%Best | -28.5% |
| $10,000 over 2.4 years | $11,925Best | $11,522 |
| Top 10 Weight | 35.9%Best | 44.0% |
| Fund Family | Northern Trust Asset Management | Tremblant Advisors LP |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Mid Cap Blend |
| Inception | Nov 5, 2013 | Aug 1, 2022 |
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 14, 2026 (2.4 years).
GQRE vs TOGA 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.
GQRE vs TOGA Performance
Northern Trust Global Quality Real Estate ETF (GQRE) is an ETF from Northern Trust Asset Management and Tremblant Global ETF (TOGA) is an ETF from Tremblant Advisors LP. Over the past year GQRE returned +2.94% while TOGA returned -14.87%. Year to date, GQRE is up 1.63% versus a loss of 13.54% for TOGA.
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 13.4% for GQRE. 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 -15.2% for GQRE and -28.5% for TOGA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.36. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GQRE charges 0.45% per year while TOGA charges 0.69%. On a $10,000 position that is $45 vs $69 annually, a gap of $24 per year that compounds over a long holding period. On income, GQRE currently yields 4.45% against 0.00% for TOGA.
Holdings Overlap
We hold position weights for 139 holdings in GQRE and 31 in TOGA, totalling 98.5% and 99.8% 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 139 positions we hold weights for in GQRE and 31 in TOGA, against full books of 197 and 66.
What only one of them owns
Our book lists 28 positions for TOGA that do not appear in our book for GQRE (88.2% of the fund), and 59 for GQRE that do not appear in TOGA (67.0%).
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.
You are not choosing between two funds in isolation.
Whichever of GQRE and TOGA 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, GQRE or TOGA?
GQRE has an expense ratio of 0.45% while TOGA charges 0.69%. GQRE is the cheaper option, by $24 a year on a $10,000 investment.
Which performed better, GQRE or TOGA?
Over the past year GQRE returned +2.94% vs -14.87% for TOGA, so GQRE leads on 1-year performance. Over the longest common window we track (2 years), GQRE annualized +7.61% vs +6.08% for TOGA. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GQRE or TOGA?
TOGA has been the more volatile fund at 17.9% annualized versus 13.4% for GQRE. Worst drawdown: GQRE -15.2% vs TOGA -28.5%.
Should I hold both GQRE and TOGA?
GQRE and TOGA have a monthly-return correlation of 0.36, 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, GQRE or TOGA?
GQRE yields 4.45% while TOGA yields 0.00%, so GQRE currently pays the higher dividend yield.
Is TOGA better than GQRE?
GQRE has a lower expense ratio. GQRE led over 1Y and the full window. GQRE is less concentrated, with 35.9% of the fund in its ten largest positions against 44.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.