GENM vs. TOAK

Last updated Jun 4, 2026

GENM (Genter Capital Municipal Quality Intermediate ETF) and TOAK (Twin Oak Short Horizon Absolute Return ETF) are both exchange-traded funds - GENM is a Municipal Bonds fund actively managed by Genter Capital, while TOAK is a Multistrategy fund actively managed by Twin Oak. Both are actively managed. Over the past year, GENM returned 5.22% vs 3.70% for TOAK. At a correlation of -0.10, they often move in opposite directions. GENM charges 0.39%/yr vs 0.25%/yr for TOAK.

Performance

GENM vs. TOAK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Genter Capital Municipal Quality Intermediate ETF (GENM) and Twin Oak Short Horizon Absolute Return ETF (TOAK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GENM achieves a 1.68% return, which is significantly higher than TOAK's 1.32% return.

GENM

• 1D: 0.10%
• 1M: 0.64%
• YTD: 1.68%
• 6M: 1.86%
• 1Y: 5.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TOAK

• 1D: 0.03%
• 1M: 0.24%
• YTD: 1.32%
• 6M: 1.55%
• 1Y: 3.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GENM vs. TOAK - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GENM Genter Capital Municipal Quality Intermediate ETF	1.68%	5.10%	-0.12%
TOAK Twin Oak Short Horizon Absolute Return ETF	1.32%	4.28%	1.51%

Correlation

The correlation between GENM and TOAK is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.13
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024	-0.10

Return for Risk

GENM vs. TOAK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GENM

GENM Risk / Return Rank: 55
GENM Sharpe Ratio Rank: 54
GENM Sortino Ratio Rank: 58
GENM Omega Ratio Rank: 62
GENM Calmar Ratio Rank: 50
GENM Martin Ratio Rank: 48

TOAK

TOAK Risk / Return Rank: 52
TOAK Sharpe Ratio Rank: 36
TOAK Sortino Ratio Rank: 37
TOAK Omega Ratio Rank: 96
TOAK Calmar Ratio Rank: 42
TOAK Martin Ratio Rank: 49

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.

GENM vs. TOAK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Genter Capital Municipal Quality Intermediate ETF (GENM) and Twin Oak Short Horizon Absolute Return ETF (TOAK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	GENM	TOAK	Difference
Sharpe ratio: Return per unit of total volatility	1.82	1.27	+0.55
Sortino ratio: Return per unit of downside risk	2.74	1.89	+0.85
Omega ratio: Gain probability vs. loss probability	1.37	1.77	-0.40
Calmar ratio: Return relative to maximum drawdown	2.43	2.05	+0.38
Martin ratio: Return relative to average drawdown	7.90	8.11	-0.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GENM vs. TOAK - Sharpe Ratio Comparison

The current GENM Sharpe Ratio is 1.82, which is higher than the TOAK Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of GENM and TOAK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GENM	TOAK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.82	1.27	+0.55
Sharpe Ratio (All Time) Calculated using the full available price history	1.43	1.82	-0.39

Drawdowns

GENM vs. TOAK - Drawdown Comparison

The maximum GENM drawdown since its inception was -2.41%, which is greater than TOAK's maximum drawdown of -1.81%. Use the drawdown chart below to compare losses from any high point for GENM and TOAK.

Drawdown Indicators

	GENM	TOAK	Difference
Max Drawdown Largest peak-to-trough decline	-2.41%	-1.81%	-0.60%
Max Drawdown (1Y) Largest decline over 1 year	-2.15%	-1.81%	-0.34%
Current Drawdown Current decline from peak	-0.38%	-1.72%	+1.34%
Average Drawdown Average peak-to-trough decline	-0.49%	-0.10%	-0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.66%	0.46%	+0.20%

Volatility

GENM vs. TOAK - Volatility Comparison

The current volatility for Genter Capital Municipal Quality Intermediate ETF (GENM) is 0.61%, while Twin Oak Short Horizon Absolute Return ETF (TOAK) has a volatility of 2.72%. This indicates that GENM experiences smaller price fluctuations and is considered to be less risky than TOAK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GENM	TOAK	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.61%	2.72%	-2.11%
Volatility (6M) Calculated over the trailing 6-month period	1.86%	2.89%	-1.03%
Volatility (1Y) Calculated over the trailing 1-year period	2.88%	2.92%	-0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.16%	2.22%	+0.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.16%	2.22%	+0.94%

GENM vs. TOAK - Expense Ratio Comparison

GENM has a 0.39% expense ratio, which is higher than TOAK's 0.25% expense ratio.

Dividends

GENM vs. TOAK - Dividend Comparison

GENM's dividend yield for the trailing twelve months is around 2.92%, while TOAK has not paid dividends to shareholders.

Position	TTM	2025	2024
GENM Genter Capital Municipal Quality Intermediate ETF	2.92%	2.88%	2.19%
TOAK Twin Oak Short Horizon Absolute Return ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GENM and TOAK in my portfolio?

GENM and TOAK have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GENM or TOAK?

TOAK has higher volatility (2.72%) compared to GENM (0.61%). In terms of maximum drawdown, GENM dropped -2.41% vs TOAK's -1.81%.

Which ETF is better, GENM or TOAK?

On 1-year performance, GENM leads with 5.22% vs 3.70% for TOAK. On fees, TOAK is cheaper at 0.25% per year. On volatility, GENM has been the lower-risk option at 0.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GENM or TOAK?

Over the 1-year period, GENM has performed better with a 5.22% return vs 3.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GENM or TOAK?

TOAK is cheaper with a 0.25% expense ratio, compared with 0.39% for GENM.

Which ETF pays a higher dividend yield, GENM or TOAK?

GENM has the higher dividend yield at 2.92%, compared with 0.00% for TOAK.

What is the main difference between GENM and TOAK?

GENM is categorized as Municipal Bonds, while TOAK is Multistrategy. They also come from different issuers: Genter Capital and Twin Oak. Their fees differ too: 0.39% for GENM and 0.25% for TOAK.

Which has better risk-adjusted returns?

GENM currently has the higher Sharpe Ratio (1.82 vs 1.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.