MGMT vs TOGA

Comparison between BALLAST SMALL/MID CAP ETF (MGMT, ETF) and TREMBLANT GLOBAL ETF (TOGA, ETF).

MGMT vs TOGA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MGMT(ETF)	TOGA(ETF)
Net Assets	$179M	$180M
Expense Ratio	1.10%	0.69%
Max Drawdown	25.02%	28.50%
Sharpe Ratio	1.18	-0.73
5Y Beta	0.93	1.03
P/E Ratio	3.82	46.83
Forward P/E	12.85	28.93
PEG Ratio	N/A	0.24
5Y EPS CAGR	13.37%	N/A
Debt to Equity	N/A	-38.47%
P/S Ratio	1.32	3.45
P/B Ratio	2.08	6.79

Net Assets

MGMT

$179M

Winner

TOGA

$180M

Expense Ratio

MGMT

1.10%

Winner

TOGA

0.69%

Max Drawdown

Winner

MGMT

25.02%

TOGA

28.50%

Sharpe Ratio

Winner

MGMT

1.18

TOGA

-0.73

5Y Beta

Winner

MGMT

0.93

TOGA

1.03

P/E Ratio

Winner

MGMT

3.82

TOGA

46.83

Forward P/E

Winner

MGMT

12.85

TOGA

28.93

PEG Ratio

MGMT

N/A

TOGA

0.24

5Y EPS CAGR

MGMT

13.37%

TOGA

N/A

Debt to Equity

MGMT

N/A

TOGA

-38.47%

P/S Ratio

Winner

MGMT

1.32

TOGA

3.45

P/B Ratio

Winner

MGMT

2.08

TOGA

6.79

MGMT vs TOGA - Holdings Comparison

MGMT and TOGA have 1 common holdings. Overlap is 0.29%

MGMT's top 25 holdings weight is 60.86%. TOGA's top 25 holdings weight is 93.07%.

Rank	MGMT	TOGA
#1	NATURAL RESOURCES PARTNERS LP (NRP) - 4.16%	REDDIT INC CLASS A SHARES (RDDT) - 6.12%
#2	AZZ INC (AZZ) - 3.27%	GRAB HOLDINGS LTD CLASS A (GRAB) - 4.81%
#3	CLIMB GLOBAL SOLUTIONS INC (CLMB) - 3.03%	VARONIS SYSTEMS INC (VRNS) - 4.78%
#4	CAVCO INDUSTRIES INC (CVCO) - 2.97%	SPOTIFY TECHNOLOGY SA (SPOT) - 4.71%
#5	BEL FUSE INC CLASS B (BELFB) - 2.91%	AFFIRM HOLDINGS INC ORDINARY SHARES CLASS A (AFRM) - 4.64%
#6	FEDERAL AGRICULTURAL MORTGAGE CORP CLASS C (AGM) - 2.81%	COUPANG INC ORDINARY SHARES CLASS A (CPNG) - 4.53%
#7	CAPITAL BANCORP INC (CBNK) - 2.75%	DOORDASH INC ORDINARY SHARES CLASS A (DASH) - 4.47%
#8	LANDSTAR SYSTEM INC (LSTR) - 2.72%	UBER TECHNOLOGIES INC (UBER) - 4.30%
#9	ECOVYST INC (ECVT) - 2.67%	WYNDHAM HOTELS & RESORTS INC ORDINARY SHARES (WH) - 4.14%
#10	MERCHANTS BANCORP (MBIN) - 2.61%	MATCH GROUP INC ORDINARY SHARES NEW (MTCH) - 4.11%
#11	CONSENSUS CLOUD SOLUTIONS INC ORDINARY SHARES (CCSI) - 2.46%	WINGSTOP INC (WING) - 4.04%
#12	TEREX CORP (TEX) - 2.42%	LIVE NATION ENTERTAINMENT INC (LYV) - 3.92%
#13	SOLARIS ENERGY INFRASTRUCTURE INC CLASS A (SEI) - 2.37%	CHIPOTLE MEXICAN GRILL INC (CMG) - 3.64%
#14	THE GEO GROUP INC (GEO) - 2.30%	TKO GROUP HOLDINGS INC (TKO) - 3.54%
#15	GPGI INC CLASS A (GPGI) - 2.26%	CTS EVENTIM AG & CO. KGAA (n/a) - 3.40%
#16	TURNING POINT BRANDS INC (TPB) - 2.19%	MERCADOLIBRE INC (MELI) - 3.37%
#17	METALLUS INC (MTUS) - 2.11%	MONGODB INC CLASS A (MDB) - 3.13%
#18	BRUKER CORP (BRKR) - 2.00%	COSTAR GROUP INC (CSGP) - 3.11%
#19	HILLMAN SOLUTIONS CORP SHS (HLMN) - 1.92%	AMAZON.COM INC (AMZN) - 3.11%
#20	CRITEO SA ADR (CRTO) - 1.86%	SHOPIFY INC REGISTERED SHS -A- SUBORD VTG (SHOP) - 2.85%
#21	CABOT CORP (CBT) - 1.85%	DRAFTKINGS INC ORDINARY SHARES CLASS A (DKNG) - 2.68%
#22	THE BRINK'S CO (BCO) - 1.84%	Q2 HOLDINGS INC (QTWO) - 2.67%
#23	EAGLE MATERIALS INC (EXP) - 1.82%	PROGRESSIVE CORP (PGR) - 2.64%
#24	PATRICK INDUSTRIES INC (PATK) - 1.78%	EVERCORE INC CLASS A (EVR) - 2.57%
#25	MUELLER INDUSTRIES INC (MLI) - 1.78%	MONDAY.COM LTD ORDINARY SHARES (MNDY) - 1.79%
Total Holdings	55	31

MGMT vs TOGA - Historical Returns

Returns include dividend reinvestment.

Period	MGMT	TOGA
1 month	+1.97%	+1.65%
3 months	+6.04%	+0.13%
6 months	+3.98%	-8.39%
1 year	+26.32%	-13.48%
5 years(CAGR)	+7.86%	N/A
Max(CAGR)	+13.74%	+7.99%

Winner

MGMT

+1.97%

TOGA

+1.65%

Winner

MGMT

+6.04%

TOGA

+0.13%

Winner

MGMT

+3.98%

TOGA

-8.39%

Winner

MGMT

+26.32%

TOGA

-13.48%

5Y(CAGR)

MGMT

+7.86%

TOGA

N/A

Max(CAGR)

Winner

MGMT

+13.74%

TOGA

+7.99%

MGMT vs TOGA - Annual Returns (2020 - 2026)

Returns include dividend reinvestment.

Year	MGMT	TOGA
2026	+13.88%	-11.28%
2025	+7.28%	+13.83%
2024	+13.84%	+17.42%
2023	+18.69%	N/A
2022	-15.24%	N/A
2021	+41.80%	N/A
2020	+5.36%	N/A

MGMT vs TOGA Drawdown Comparison

The maximum drawdown for MGMT was -24.95%, occurring on Sep 26, 2022. Recovery took 496 trading sessions.

The maximum drawdown for TOGA was -28.50%, occurring on Mar 27, 2026. This drawdown has not yet recovered.

The current MGMT drawdown is -0.71%. The current TOGA drawdown is -17.03%.

Rank	MGMT	TOGA
#1	-24.95% Jan 4, 2022 - Dec 26, 2023	-28.50% Sep 18, 2025 - Mar 27, 2026
#2	-23.76% Dec 2, 2024 - Aug 22, 2025	-21.81% Feb 18, 2025 - May 16, 2025
#3	-12.32% Feb 11, 2026 - Jun 12, 2026	-7.92% Dec 6, 2024 - Feb 4, 2025
#4	-11.10% Jul 16, 2024 - Oct 16, 2024	-5.60% Jul 16, 2024 - Aug 15, 2024
#5	-8.87% Sep 18, 2025 - Dec 10, 2025	-5.46% Jul 23, 2025 - Sep 11, 2025
#6	-7.48% Mar 28, 2024 - Jul 15, 2024	-3.63% Jun 6, 2025 - Jun 24, 2025
#7	-6.97% Nov 16, 2021 - Jan 4, 2022	-3.01% May 20, 2024 - Jul 16, 2024
#8	-6.96% Mar 17, 2021 - Apr 23, 2021	-2.81% May 16, 2025 - Jun 5, 2025
#9	-6.35% Dec 26, 2023 - Mar 21, 2024	-2.61% Aug 23, 2024 - Sep 13, 2024
#10	-5.46% Jun 25, 2021 - Aug 3, 2021	-2.20% Nov 13, 2024 - Nov 20, 2024
#11	-5.14% Sep 2, 2021 - Oct 25, 2021	-2.10% Sep 26, 2024 - Oct 10, 2024
#12	-5.09% May 7, 2021 - Jun 1, 2021	-2.07% Jul 10, 2025 - Jul 21, 2025
#13	-4.83% Jun 8, 2021 - Jun 24, 2021	-1.83% Feb 4, 2025 - Feb 13, 2025
#14	-4.34% Jan 25, 2021 - Feb 4, 2021	-1.76% Oct 22, 2024 - Nov 5, 2024
#15	-4.04% Aug 3, 2021 - Aug 27, 2021	-1.01% Jun 24, 2025 - Jun 27, 2025