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AVTM vs TOGA

Avantis Total Equity Markets ETF 1

AVTMANYSE Arca

Tremblant Global ETF

TOGADNYSE Arca

Overlap

Expense ratio

AVTM −0.47pt a year

AVTM0.22%TOGA0.69%

Avg volume · 30D

TOGA 1.6×the volume

AVTM3.19KTOGA5.1K

AVTM vs TOGA Performance

Jul 31, 2026 – Oct 30, 2026

0.0%AVTM−0.5%TOGA

Jul 31, 2026 to Oct 30, 2026. AVTM 0.0%. TOGA −0.5%. Use the arrow keys to read each point.−4%2%4%6%Jul 2026Sep 2026Oct 2026
Expense ratio
AVTM 0.22%, better
TOGA 0.69%
Fund size
AVTM $766M
TOGA $172M
1Y total return
AVTM No data
TOGA −13.3%
Holdings
AVTM 1712
TOGA 30
Avg volume (30D)
AVTM 3.19K sh
TOGA 5.1K sh, better
NAV per share
AVTM $53.87
TOGA $29.99
52W range

ETF.net Grade

AVTM: Cost 100, Risk 58, Mission not scored, Tradability 70, Holdings 71, Durability 69. TOGA: Cost 49, Risk 5, Mission not scored, Tradability 31, Holdings 52, Durability 66.
Pillar letters and Scores for AVTM, TOGA, with each pillar’s weight
PillarAVTMTOGA
Cost30% weightA100HigherC49
Mission25% weightNot scoredNot scored
Risk15% weightB58HigherF5
Tradability15% weightA70HigherD31
Holdings10% weightA71HigherC52
Durability5% weightB69HigherB66

Rank among Global Active Equity funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. AVTM and TOGA are both graded against the same 44 Global Active Equity funds, so their Grades compare head to head.

Global Active Equity⁠

Category · 44 funds
See all 44 ›

AVTM ranks 1st and TOGA 30th of 44 funds in the Global Active Equity Category.

  1. Rank 1AAVTMAvantis Total Equity Markets ETF 1Score 79
  2. Rank 1ABDVLiShares Disciplined Volatility Equity Active ETFScore 79
  3. Rank 28DLSATLeaderShares AlphaFactor Tactical Focused ETFScore 39
  4. Rank 30DTOGATremblant Global ETFScore 38
  5. Rank 31DLENSSarmaya Thematic ETFScore 37

Our read on each fund

ETF.net Research

AVTMAAvantis Total Equity Markets ETF 1

TOGADTremblant Global ETF

In short

AVTM Avantis' one-ticket world stock market: roughly 1,700 holdings, U.S. names owned directly and the overseas sleeves held through sister Avantis funds, all tilted toward cheaper, more profitable companies.

TOGA No index here. A manager picks stocks anywhere in the world, and the 0.69% fee lands right at the middle of the active global equity pack. Launched in 2024, so the record is still short.

Stated mandate

AVTM Seeks long-term capital appreciation through a broadly diversified total-market equity allocation, using individual securities and Avantis ETFs while emphasizing securities expected to offer higher returns or better risk characteristics than a passive market-capitalization-weighted index.

TOGA The Fund is an actively managed ETF whose objective is pursued primarily through investments in equity securities.

Why people hold it

  • AVTM Costs 0.22% net of a fee waiver (0.23% gross), a notch under stablemate AVGE at 0.23% and below the typical fee in its category.
  • Owns U.S. companies directly rather than only stacking funds, then uses Avantis ETFs for developed and emerging markets abroad. One ticket, all market caps.sec.gov
  • Benchmarked to 85% Russell 3000 and 15% MSCI ACWI ex-US IMI: a deliberately U.S.-heavy world portfolio, not a global cap-weight split.avantisinvestors.com
  • One of the stronger builds in a crowded field of actively managed global equity funds.
  • TOGA Genuinely active and genuinely global: the portfolio is assembled by a manager choosing equities worldwide, not by copying a benchmark.
  • The 0.69% expense ratio is the median for its active global equity group, so the stock-picking costs no more than the going rate.
  • Plain-vanilla fund structure under the 1940 Act: ordinary ETF shares, 1099 at tax time, no K-1 paperwork.

Worth knowing

  • AVTM Avantis flags that much of the starting portfolio sits on a low tax basis, so the fund may realize and distribute more capital gains than other ETFs.avantisinvestors.com
  • Trades thinly next to the index giants in its category, so spreads and order size matter more here.
  • Launched January 2026, so the history is short, and with no index to follow the portfolio reflects Avantis' own valuation and profitability tilts.sec.gov
  • TOGA The strongest-graded funds in this global cohort charge far less: GSWO at 0.15% and AVGE at 0.25%, against 0.69% here.
  • Thinly traded, so the gap between bid and ask can widen. Limit orders are the standard tool with funds like this.
  • A 2024 launch means a short history, and on the single year of data available the ride has been bumpier than most global peers.

Full AVTM profile⁠

Full TOGA profile⁠

AVTM vs TOGA Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AVTM vs TOGA Cost

Overpaying TOGA vs AVTM

$8,871

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • AVTM 0.22%

    $4,558

  • TOGA 0.69%

    $13,429

$10,000
30 years

Cost over time

  • AVTM 0.22%
  • TOGA 0.69%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530TOGA $13,429AVTM $4,558

Year by year

YearAVTMTOGAOverpaying
10$401$1,232$831
20$1,561$4,697$3,136
30$4,558$13,429$8,871

Expense ratio

  • 0.22%AVTM, cheaper
  • 0.69%TOGA
  • Middle half of Global Active Equity funds
  • Median 0.69%

AVTM cheapest of 44 funds

TOGA 22nd cheapest of 44 funds

AVTM vs TOGA Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
AVTM No data
TOGA None
Last payment
AVTM $0.15
TOGA No data
Ex-dividend
AVTM Sep 8, 2026
TOGA No data
Paid on
AVTM Sep 10, 2026
TOGA No data
Frequency
AVTM Quarterly
TOGA No data

Distribution history

Per share, 2026, same scale for both

AVTMQuarterly · 3 paymentsAll AVTM payments⁠
One bar per payment. 3 payments in 2026 YTD. Mar 10, 2026 $0.04; Jun 9, 2026 $0.11; Sep 8, 2026 $0.15. Use the arrow keys to read each point.$0$0.102026YTD
TOGAAll TOGA payments⁠

No distribution history available.

AVTM vs TOGA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AVTM No dataTOGA 18.0%since Jun 2024
Return per unit of riskSharpe ratio, 3 years
AVTM No dataTOGA 0.23since Jun 2024
Worst fallMax drawdown, 5 years
AVTM No dataTOGA −28.5%since May 2024
Market sensitivityBeta, 5 years
AVTM 0.95TOGA 1.17

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