TOS vs. DMAY

Last updated Jun 6, 2026

TOS (Twin Oak Strategic Solutions ETF) and DMAY (FT Cboe Vest U.S. Equity Deep Buffer ETF - May) are both Large Cap Blend Equities funds. TOS is actively managed, while DMAY is passively managed. A 0.68 correlation means they provide meaningful diversification when combined. TOS charges 0.76%/yr vs 0.85%/yr for DMAY.

Performance

TOS vs. DMAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Twin Oak Strategic Solutions ETF (TOS) and FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TOS

• 1D: -4.55%
• 1M: -0.53%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DMAY

• 1D: -1.19%
• 1M: 0.18%
• YTD: 3.39%
• 6M: 4.18%
• 1Y: 11.53%
• 3Y*: 11.58%
• 5Y*: 6.95%
• 10Y*: —

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

TOS vs. DMAY - Yearly Performance Comparison

	2026 (YTD)
TOS Twin Oak Strategic Solutions ETF	14.23%
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May	2.70%

Correlation

The correlation between TOS and DMAY is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 29, 2026	0.68

Return for Risk

TOS vs. DMAY — Risk / Return Rank

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

DMAY

DMAY Risk / Return Rank: 83
DMAY Sharpe Ratio Rank: 79
DMAY Sortino Ratio Rank: 82
DMAY Omega Ratio Rank: 89
DMAY Calmar Ratio Rank: 73
DMAY Martin Ratio Rank: 91

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.

TOS vs. DMAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Twin Oak Strategic Solutions ETF (TOS) and FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY). 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.

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

Sharpe Ratios by Period

	TOS	DMAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.39	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.74	0.85	+0.89

Drawdowns

TOS vs. DMAY - Drawdown Comparison

The maximum TOS drawdown since its inception was -11.72%, smaller than the maximum DMAY drawdown of -13.90%. Use the drawdown chart below to compare losses from any high point for TOS and DMAY.

Drawdown Indicators

	TOS	DMAY	Difference
Max Drawdown Largest peak-to-trough decline	-11.72%	-13.90%	+2.18%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.36%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.38%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.90%	—
Current Drawdown Current decline from peak	-5.20%	-1.28%	-3.92%
Average Drawdown Average peak-to-trough decline	-2.57%	-2.24%	-0.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.55%	—

Volatility

Volatility by Period

	TOS	DMAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	26.41%	4.89%	+21.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.41%	9.03%	+17.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.41%	8.44%	+17.97%

TOS vs. DMAY - Expense Ratio Comparison

TOS has a 0.76% expense ratio, which is lower than DMAY's 0.85% expense ratio.

Dividends

TOS vs. DMAY - Dividend Comparison

Neither TOS nor DMAY has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TOS and DMAY in my portfolio?

TOS and DMAY have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TOS or DMAY?

On fees, TOS is cheaper at 0.76% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TOS or DMAY?

TOS is cheaper with a 0.76% expense ratio, compared with 0.85% for DMAY.

Which ETF pays a higher dividend yield, TOS or DMAY?

TOS and DMAY have nearly identical dividend yields, around 0.00%.

What is the main difference between TOS and DMAY?

They also come from different issuers: Twin Oak ETF Company and First Trust. Their fees differ too: 0.76% for TOS and 0.85% for DMAY.