TOAK vs. PICK
TOAK (Twin Oak Short Horizon Absolute Return ETF) and PICK (iShares MSCI Global Metals & Mining Producers ETF) are both exchange-traded funds - TOAK is a Multistrategy fund actively managed by Twin Oak, while PICK is a Metals fund tracking the MSCI ACWI Select Metals & Mining Producers ex Gold and Silver Investable Market Index. TOAK is actively managed, while PICK is passively managed. Over the past year, TOAK returned 3.67% vs 69.31% for PICK. At a correlation of -0.01, they often move in opposite directions. TOAK charges 0.25%/yr vs 0.39%/yr for PICK.
Performance
TOAK vs. PICK - Performance Comparison
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Returns By Period
In the year-to-date period, TOAK achieves a 1.51% return, which is significantly lower than PICK's 17.36% return.
TOAK
- 1D
- 0.02%
- 1M
- 0.24%
- YTD
- 1.51%
- 6M
- 1.57%
- 1Y
- 3.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PICK
- 1D
- -4.38%
- 1M
- -5.22%
- YTD
- 17.36%
- 6M
- 17.02%
- 1Y
- 69.31%
- 3Y*
- 18.27%
- 5Y*
- 10.54%
- 10Y*
- 16.67%
TOAK vs. PICK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TOAK Twin Oak Short Horizon Absolute Return ETF | 1.51% | 4.28% | 1.36% |
PICK iShares MSCI Global Metals & Mining Producers ETF | 17.36% | 51.89% | -8.37% |
Correlation
The correlation between TOAK and PICK is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2024 | -0.01 |
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Return for Risk
TOAK vs. PICK — Risk / Return Rank
TOAK
PICK
TOAK vs. PICK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Twin Oak Short Horizon Absolute Return ETF (TOAK) and iShares MSCI Global Metals & Mining Producers ETF (PICK). 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 | PICK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.77 | 1.39 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 3.56 | -1.53 |
| Martin ratioReturn relative to average drawdown | 6.27 | 13.38 | -7.10 |
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Drawdowns
TOAK vs. PICK - Drawdown Comparison
The maximum TOAK drawdown since its inception was -1.81%, smaller than the maximum PICK drawdown of -68.87%. Use the drawdown chart below to compare losses from any high point for TOAK and PICK.
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Drawdown Indicators
| TOAK | PICK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.81% | -68.87% | +67.06% |
Max Drawdown (1Y)Largest decline over 1 year | -1.81% | -19.54% | +17.73% |
Max Drawdown (3Y)Largest decline over 3 years | — | -32.52% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.37% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.72% | — |
Current DrawdownCurrent decline from peak | -1.53% | -12.59% | +11.06% |
Average DrawdownAverage peak-to-trough decline | -0.15% | -24.06% | +23.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 5.20% | -4.61% |
Volatility
TOAK vs. PICK - Volatility Comparison
The current volatility for Twin Oak Short Horizon Absolute Return ETF (TOAK) is 0.11%, while iShares MSCI Global Metals & Mining Producers ETF (PICK) has a volatility of 13.12%. This indicates that TOAK experiences smaller price fluctuations and is considered to be less risky than PICK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TOAK | PICK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.11% | 13.12% | -13.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 26.56% | -23.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.91% | 30.14% | -27.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.19% | 28.14% | -25.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.19% | 28.34% | -26.15% |
TOAK vs. PICK - Expense Ratio Comparison
TOAK has a 0.25% expense ratio, which is lower than PICK's 0.39% expense ratio.
Dividends
TOAK vs. PICK - Dividend Comparison
TOAK has not paid dividends to shareholders, while PICK's dividend yield for the trailing twelve months is around 2.21%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PICK iShares MSCI Global Metals & Mining Producers ETF | 2.21% | 2.88% | 3.26% | 4.19% | 6.93% | 5.89% | 2.27% | 5.51% | 4.77% | 2.41% | 1.15% | 15.77% |
TOAK Twin Oak Short Horizon Absolute Return ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TOAK and PICK have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PICK has higher volatility (13.12%) compared to TOAK (0.11%). In terms of maximum drawdown, TOAK dropped -1.81% vs PICK's -68.87%.
On 1-year performance, PICK leads with 69.31% vs 3.67% for TOAK. On fees, TOAK is cheaper at 0.25% per year. On volatility, TOAK has been the lower-risk option at 0.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PICK has performed better with a 69.31% return vs 3.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TOAK is cheaper with a 0.25% expense ratio, compared with 0.39% for PICK.
PICK has the higher dividend yield at 2.21%, compared with 0.00% for TOAK.
TOAK is categorized as Multistrategy, while PICK is Metals. They also come from different issuers: Twin Oak and iShares. Their fees differ too: 0.25% for TOAK and 0.39% for PICK.
PICK currently has the higher Sharpe Ratio (2.31 vs 1.26), 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.
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