TOAK vs. IVEP

Last updated Jul 17, 2026

TOAK (Twin Oak Short Horizon Absolute Return ETF) and IVEP (Dan IVES Wedbush AI Power & Infrastructure ETF) are both exchange-traded funds - TOAK is a Multistrategy fund actively managed by Twin Oak, while IVEP is a Industrials Equities fund tracking the Solactive Wedbush AI Power & Infrastructure Index. TOAK is actively managed, while IVEP is passively managed. At a 0.11 correlation, their price movements are largely independent. TOAK charges 0.25%/yr vs 0.75%/yr for IVEP.

Performance

TOAK vs. IVEP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Twin Oak Short Horizon Absolute Return ETF (TOAK) and Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TOAK

• 1D: 0.45%
• 1M: 0.69%
• 6M: 2.00%
• YTD: 2.15%
• 1Y: 4.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IVEP

• 1D: -2.80%
• 1M: -7.80%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TOAK vs. IVEP - Yearly Performance Comparison

	2026 (YTD)
TOAK Twin Oak Short Horizon Absolute Return ETF	1.33%
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	-1.95%

Correlation

The correlation between TOAK and IVEP is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 8, 2026	0.11

Return for Risk

TOAK vs. IVEP — Risk / Return Rank

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

TOAK

TOAK Risk / Return Rank: 60
TOAK Sharpe Ratio Rank: 49
TOAK Sortino Ratio Rank: 52
TOAK Omega Ratio Rank: 97
TOAK Calmar Ratio Rank: 57
TOAK Martin Ratio Rank: 46

IVEP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

TOAK vs. IVEP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Twin Oak Short Horizon Absolute Return ETF (TOAK) and Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP). 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.

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	IVEP	Difference
Sharpe ratio: Return per unit of total volatility	1.39	—	—
Sortino ratio: Return per unit of downside risk	2.08	—	—
Omega ratio: Gain probability vs. loss probability	1.84	—	—
Calmar ratio: Return relative to maximum drawdown	2.27	—	—
Martin ratio: Return relative to average drawdown	6.04	—	—

Drawdowns

TOAK vs. IVEP - Drawdown Comparison

The maximum TOAK drawdown since its inception was -1.81%, smaller than the maximum IVEP drawdown of -12.17%. Use the drawdown chart below to compare losses from any high point for TOAK and IVEP.

Drawdown Indicators

	TOAK	IVEP	Difference
Max Drawdown Largest peak-to-trough decline	-1.81%	-12.17%	+10.36%
Max Drawdown (1Y) Largest decline over 1 year	-1.81%	—	—
Current Drawdown Current decline from peak	-0.92%	-12.17%	+11.25%
Average Drawdown Average peak-to-trough decline	-0.19%	-3.91%	+3.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.68%	—	—

Volatility

Volatility by Period

	TOAK	IVEP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.48%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.75%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.95%	29.12%	-26.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.18%	29.12%	-26.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.18%	29.12%	-26.94%

TOAK vs. IVEP - Expense Ratio Comparison

TOAK has a 0.25% expense ratio, which is lower than IVEP's 0.75% expense ratio.

Dividends

TOAK vs. IVEP - Dividend Comparison

Neither TOAK nor IVEP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TOAK and IVEP in my portfolio?

TOAK and IVEP have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TOAK or IVEP?

On fees, TOAK is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TOAK or IVEP?

TOAK is cheaper with a 0.25% expense ratio, compared with 0.75% for IVEP.

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

TOAK and IVEP have nearly identical dividend yields, around 0.00%.

What is the main difference between TOAK and IVEP?

TOAK is categorized as Multistrategy, while IVEP is Industrials Equities. They also come from different issuers: Twin Oak and Wedbush. Their fees differ too: 0.25% for TOAK and 0.75% for IVEP.