DEMZvsTOLLETF Comparison
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The Democratic Large-Cap Core ETF (DEMZ) belongs to the US Large Cap segment. Tema Monopolies and Oligopolies ETF (TOLL) is part of the Uncategorized Equities segment. DEMZ's top 3 sector exposures are Technology, Industrials and Finance. In contrast, TOLL's top sector exposures are Technology, Industrials and Healthcare. DEMZ is less expensive with a Total Expense Ratio (TER) of 0.45%, versus 0.55% for TOLL. DEMZ is up 9.38% year-to-date (YTD) with +$6M in YTD flows. TOLL performs better with 10.09% YTD performance, and -$12M in YTD flows. Run a side-by-side ETF comparison of DEMZ and TOLL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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DEMZ vs TOLL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DEMZ TOLL | -0.77%-5.66% | +6.41%+6.54% | +9.38%+10.09% | +18.20%+12.49% | +70.51%+49.62% | +77.19%n/a |
| Flows | DEMZ TOLL | -$1K+$15M | +$2M+$7M | +$6M-$12M | +$12M-$9M | +$19M+$39M | +$39M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DEMZ TOLL | +14.78%+19.69% | +14.82%+16.24% | +16.08%+15.46% | +18.43%n/a |
| Max drawdown | DEMZ TOLL | -3.33%-7.30% | -12.25%-11.67% | -19.10%-14.25% | -27.17%n/a |
| Max drawdown duration | DEMZ TOLL | 28d28d | 94d105d | 187d85d | 719dn/a |
Trading data
DEMZ | TOLL | |
Last sale 7/29/2026 at 1:30 PM | $46.11 | $38.44 |
| Previous close 07/28/2026 | $46.67 | $38.87 |
| Consolidated volume 07/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 7/29/2026 at 1:30 PM
Live
Closed
DEMZ | TOLL | |
|---|---|---|
| Last price | $46.11 | $38.44 |
| 1D performance | -1.20% | -1.11% |
| AuM | $65.31 M | $57.45 M |
| E/R | 0.45% | 0.55% |
Characteristics
DEMZ | TOLL | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Reflection Asset Management | Tema |
| Benchmark | - | - |
| N° of holdings | 43 | 36 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 2, 2020 | May 11, 2023 |
| ESG | No | No |
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Exposure
Countries
DEMZ
USA
97.17%
Other
2.83%
TOLL
USA
82.55%
Other
17.45%
Sectors
DEMZ
Technology
53.68%
Industrials
10.43%
Finance
9.91%
Consumer Non-Cycl.
7.7%
Other
18.28%
TOLL
Technology
39.22%
Industrials
16.08%
Healthcare
11.78%
Finance
10.61%
Other
22.31%
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Diversification
DEMZ
Total weight of top 15 holdings out of 15
63.46%
TOLL
Total weight of top 15 holdings out of 15
58.66%
Top 15 holdings
Data as of June 30, 2026
DEMZ
Lam Research Corp.
5.57%
KLA Corp.
5.47%
Advanced Micro Devices, Inc.
4.91%
Microsoft Corp.
4.73%
NVIDIA Corp.
4.70%
Apple, Inc.
4.70%
Nordson Corp.
4.50%
Alphabet, Inc.
4.25%
Amphenol Corp.
4.21%
Loews Corp.
4.04%
Xylem, Inc.
3.87%
Meta Platforms, Inc.
3.82%
Costco Wholesale Corp.
3.73%
Kimco Realty Corp.
2.49%
Arista Networks, Inc.
2.48%
TOLL
Lam Research Corp.
6.47%
KLA Corp.
5.72%
GE Aerospace
5.45%
Fortinet, Inc.
5.01%
Visa, Inc.
4.69%
Performance Food Group Co.
4.45%
Applied Materials, Inc.
3.96%
Cboe Global Markets, Inc.
3.61%
Keysight Technologies, Inc.
3.19%
ON Semiconductor Corp.
3.06%
Broadcom Inc.
2.82%
Ferrovial NV
2.79%
Thermo Fisher Scientific, Inc.
2.59%
Synopsys, Inc.
2.43%
Moody's Corp.
2.42%
Frequently asked questions about DEMZ and TOLL
How have the DEMZ and TOLL ETFs performed in 2026?
As of July 28, 2026, DEMZ is up 9.38% year-to-date (YTD), while TOLL has returned 10.09%. That puts TOLL better performer ahead so far this year.
Which ETF is attracting more investor money: DEMZ or TOLL?
Year-to-date, the DEMZ ETF saw +$6M in flows, compared to -$12M for TOLL.
Which ETF is more volatile: DEMZ or TOLL?
Over the past year, DEMZ had a volatility of 14.82%, while TOLL experienced 16.24%.
Which ETF is bigger: DEMZ or TOLL?
As of July 28, 2026, DEMZ holds $65.31 M in assets under management (AUM), while TOLL manages $57.45 M.
What sectors do the DEMZ and TOLL ETFs invest in?
DEMZ leans toward sectors like Technology, Industrials and Finance. Meanwhile, TOLL focuses on Technology, Industrials and Healthcare.
What are the top holdings of the DEMZ ETF and TOLL ETF?
DEMZ top holdings include Lam Research Corp., KLA Corp. and Advanced Micro Devices, Inc.. TOLL holds in its top three: Lam Research Corp., KLA Corp. and GE Aerospace.
Which ETF is more diversified: DEMZ or TOLL?
DEMZ holds 43 securities with 63.46% of its assets in the top 15. TOLL has 36 securities and a top 15 weight of 58.66%.
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Latest news about DEMZ & TOLL
The ETF Underdogs, Part 9: Wide Moats and Competitive Advantages
July 7, 2026
TOLL
TEMA ETF - A New Fund Manager Focused on Thematic Solutions
July 28, 2023
TOLL
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