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Twin Oak Short Horizon Absolute Return ETF (TOAK)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
US56170L6618
CUSIP
56170L661
Issuer
Twin Oak
Inception Date
Aug 19, 2024
Region
Global (Broad)
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Domicile
United States
Distribution Policy
Accumulating
Asset Class
Alternatives

Share Price Chart


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Performance

TOAK Performance Chart

Twin Oak Short Horizon Absolute Return ETF (TOAK) is up 0.8% since the beginning of the year. TOAK is currently trading at $29 per share.


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S&P 500 Index

Returns By Period

Twin Oak Short Horizon Absolute Return ETF (TOAK) has returned 0.83% so far this year and 3.81% over the past 12 months.


Twin Oak Short Horizon Absolute Return ETF

1D
0.00%
1M
0.25%
YTD
0.83%
6M
1.67%
1Y
3.81%
3Y*
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
1.02%
1M
3.83%
YTD
0.60%
6M
3.48%
1Y
28.39%
3Y*
18.51%
5Y*
10.79%
10Y*
12.71%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TOAK Monthly Returns History

Based on dividend-adjusted daily data since Aug 20, 2024, TOAK's average daily return is +0.02%, while the average monthly return is +0.31%. At this rate, an investment would double in approximately 18.7 years.

Historically, 100% of months were positive and 0% were negative. The best month was Sep 2025 with a return of +0.5%, while the worst month was Apr 2026 at 0.0%. The longest winning streak lasted 21 consecutive months, and the longest losing streak was 0 months.

On a daily basis, TOAK closed higher 57% of trading days. The best single day was Dec 15, 2025 with a return of +0.6%, while the worst single day was Dec 16, 2025 at -0.7%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.30%0.18%0.32%0.03%0.83%
20250.44%0.33%0.35%0.38%0.31%0.40%0.22%0.38%0.48%0.23%0.34%0.35%4.28%
20240.09%0.41%0.26%0.40%0.34%1.51%

Benchmark Metrics

Twin Oak Short Horizon Absolute Return ETF has an annualized alpha of 4.12%, beta of -0.00, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since August 21, 2024.

  • This ETF captured 8.84% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -16.28%) — a profile typical of hedging or uncorrelated assets.
  • Beta of -0.00 may look defensive, but with R² of 0.00 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
  • R² of 0.00 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
4.12%
Beta
-0.00
0.00
Upside Capture
8.84%
Downside Capture
-16.28%

Expense Ratio

TOAK has an expense ratio of 0.25%, which is considered low.


Return for Risk

Risk / Return Rank

TOAK ranks 93 for risk / return — in the top 93% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.


TOAK Risk / Return Rank: 9393
Overall Rank
TOAK Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
TOAK Sortino Ratio Rank: 9393
Sortino Ratio Rank
TOAK Omega Ratio Rank: 9898
Omega Ratio Rank
TOAK Calmar Ratio Rank: 8989
Calmar Ratio Rank
TOAK Martin Ratio Rank: 9494
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Twin Oak Short Horizon Absolute Return ETF (TOAK) and compare them to a chosen benchmark (S&P 500 Index).


TOAKBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

3.28

2.17

+1.11

Sortino ratio

Return per unit of downside risk

4.97

3.02

+1.94

Omega ratio

Gain probability vs. loss probability

2.40

1.41

+0.99

Calmar ratio

Return relative to maximum drawdown

5.63

2.88

+2.75

Martin ratio

Return relative to average drawdown

26.37

13.00

+13.37

Explore TOAK risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History


Twin Oak Short Horizon Absolute Return ETF doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Twin Oak Short Horizon Absolute Return ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Twin Oak Short Horizon Absolute Return ETF was 0.68%, occurring on Dec 16, 2025. Recovery took 44 trading sessions.

The current Twin Oak Short Horizon Absolute Return ETF drawdown is 0.03%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-0.68%Dec 16, 20251Dec 16, 202544Feb 20, 202645
-0.13%Nov 11, 20243Nov 13, 20243Nov 18, 20246
-0.09%Feb 23, 20269Mar 5, 20263Mar 10, 202612
-0.07%Nov 18, 20252Nov 19, 20252Nov 21, 20254
-0.07%Apr 6, 20261Apr 6, 2026

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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