- ISIN
- US56170L6618
- CUSIP
- 56170L661
- Issuer
- Twin Oak
- Inception Date
- Aug 19, 2024
- Region
- Global (Broad)
- Category
- Multistrategy
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Alternatives
- Assets Under Management
- $44M
Share Price Chart
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Performance
TOAK Performance Chart
Twin Oak Short Horizon Absolute Return ETF (TOAK) is up 1.5% since the beginning of the year. TOAK is currently trading at $29 per share.
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Returns By Period
Twin Oak Short Horizon Absolute Return ETF (TOAK) has returned 1.51% so far this year and 3.67% over the past 12 months.
Twin Oak Short Horizon Absolute Return ETF
- 1D
- 0.02%
- 1M
- 0.24%
- YTD
- 1.51%
- 6M
- 1.57%
- 1Y
- 3.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
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, 96% of months were positive and 4% were negative. The best month was Sep 2025 with a return of +0.5%, while the worst month was Aug 2024 at -0.1%. The longest winning streak lasted 22 consecutive months, and the longest losing streak was 1 months.
On a daily basis, TOAK closed higher 57% of trading days. The best single day was May 12, 2026 with a return of +2.0%, while the worst single day was May 13, 2026 at -1.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.30% | 0.18% | 0.32% | 0.26% | 0.24% | 0.21% | 1.51% | ||||||
| 2025 | 0.44% | 0.33% | 0.35% | 0.38% | 0.31% | 0.40% | 0.22% | 0.38% | 0.48% | 0.23% | 0.34% | 0.35% | 4.28% |
| 2024 | -0.06% | 0.41% | 0.26% | 0.40% | 0.34% | 1.36% |
Benchmark Metrics
Twin Oak Short Horizon Absolute Return ETF has an annualized alpha of 4.04%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since August 20, 2024.
- This ETF captured 7.46% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -15.24%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.01 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
- 4.04%
- Beta
- -0.01
- R²
- 0.00
- Upside Capture
- 7.46%
- Downside Capture
- -15.24%
Expense Ratio
TOAK has an expense ratio of 0.25%, which is considered low.
Return for Risk
Risk / Return Rank
TOAK ranks 52 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
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 S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TOAK | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.77 | 1.32 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 2.46 | -0.42 |
| Martin ratioReturn relative to average drawdown | 6.27 | 10.92 | -4.64 |
Dividends
Dividend History
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 1.81%, occurring on May 20, 2026. The portfolio has not yet recovered.
The current Twin Oak Short Horizon Absolute Return ETF drawdown is 1.53%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -1.81%May 2026 | 7d | — | 1mo 12dMay 2026 - now |
2025 pullback2025 | -0.68%Dec 2025 | 0s | 2mo 6d | 2mo 6dDec 2025 - Feb 2026 |
2026 pullback2026 | -0.16%Apr 2026 | 19d | 5d | 24dMar 2026 - Apr 2026 |
2024 pullback2024 | -0.15%Aug 2024 | 0s | 17d | 17dAug 2024 - Sep 2024 |
2024 pullback2024 | -0.13%Nov 2024 | 2d | 5d | 7dNov 2024 - Nov 2024 |
Drawdown Indicators
| TOAK | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.81% | -56.78% | +54.97% |
Max Drawdown (1Y)Largest decline over 1 year | -1.81% | -9.10% | +7.29% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.53% | -3.21% | +1.68% |
Average DrawdownAverage peak-to-trough decline | -0.15% | -10.71% | +10.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 2.04% | -1.45% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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