Tremblant Global ETF (TOGA) Performance
TOGA total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −12.3% since Dec 31, 2025
- 1 year
- −14.7% total return
- Since first price
- +17.5% since 2024
TOGA trailing returns vs SPY, QQQ, AGG
| Period | TOGA total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.8% | +1.8% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.1% | +3.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.5% | +1.5% | +7.8% | +8.4% | −1.5% |
| YTD | −12.3% | −12.3% | +12.3% | +15.1% | −1.0% |
| 1 year | −14.7% | −14.7% | +14.4% | +15.9% | −1.1% |
| Since inceptionMay 3, 2024 | +17.5% | +17.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: TOGA vs SPY
From May 3, 2024: TOGA grew to $11,754, SPY to $15,303.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TOGA returns by calendar year
1 of 1 full years positive. Best 2025 (+14.1%), worst 2025 (+14.1%). 2026 is year to date.
TOGA annual returns table
| Year | TOGA | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −12.3% | −25.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +14.1% | −21.8% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
TOGA largest drawdowns
Now 17.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 18, 2025 | −28.5% | Mar 27, 2026 | not yet | 6 months | 1.1 years so far |
| Feb 18, 2025 | −21.8% | Apr 8, 2025 | May 16, 2025 | 49 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
TOGA risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +5.8% |
| Volatility (annualized) | 18.2% |
| Sharpe ratio | 0.17 |
| Sortino ratio | 0.25 |
| Best month | +10.7% |
| Worst month | −8.5% |
| Best 12 months | +35.1% |
| Worst 12 months | −18.6% |
| Positive months | 61% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
TOGA rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 18 | −18.6% | −1.0% | +35.1% | 50% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
TOGA performance overview
Tremblant Global ETF (TOGA) returned −14.7% over the past year, with distributions reinvested. Since its first recorded price on May 3, 2024 it has returned +17.5%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −28.5%, from Sep 18, 2025 to Mar 27, 2026; the fund has not yet regained that high. Volatility has been 18.2% a year.
Related: TOGA chart, TOGA holdings, TOGA valuation. See the TOGA overview for the latest quote and fund facts.
TOGA performance FAQ
What is the TOGA return over the past year?
TOGA returned −14.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 14.7%.
How much would $10,000 invested in TOGA be worth?
$10,000 invested in TOGA at its first recorded close on May 3, 2024 would be worth about $11,754 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of TOGA?
The largest peak-to-trough decline was −28.5% between September 18, 2025 and March 27, 2026. It has not yet recovered to that high; it is 17.7% below its peak.
How volatile is TOGA?
Over the past history TOGA had an annualized volatility of 18.2% and a Sharpe ratio of 0.17 (excess return over 1–3 month T-bills per unit of risk).