TOT vs. SASS

Last updated Jul 17, 2026

TOT (LionShares U.S. Equity Total Return ETF) and SASS (M.D. Sass Concentrated Value ETF) are both Actively Managed funds. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined. TOT charges 0.07%/yr vs 0.75%/yr for SASS.

Performance

TOT vs. SASS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LionShares U.S. Equity Total Return ETF (TOT) and M.D. Sass Concentrated Value ETF (SASS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TOT

• 1D: -0.53%
• 1M: 0.24%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SASS

• 1D: 0.51%
• 1M: -0.63%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TOT vs. SASS - Yearly Performance Comparison

	2026 (YTD)
TOT LionShares U.S. Equity Total Return ETF	0.63%
SASS M.D. Sass Concentrated Value ETF	2.51%

Correlation

The correlation between TOT and SASS is 0.59, 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 May 26, 2026	0.59

Return for Risk

TOT vs. SASS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LionShares U.S. Equity Total Return ETF (TOT) and M.D. Sass Concentrated Value ETF (SASS). 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.

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

Drawdowns

TOT vs. SASS - Drawdown Comparison

The maximum TOT drawdown since its inception was -4.26%, smaller than the maximum SASS drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for TOT and SASS.

Drawdown Indicators

	TOT	SASS	Difference
Max Drawdown Largest peak-to-trough decline	-4.26%	-9.61%	+5.35%
Current Drawdown Current decline from peak	-0.84%	-2.17%	+1.33%
Average Drawdown Average peak-to-trough decline	-1.33%	-3.46%	+2.13%

Volatility

Volatility by Period

	TOT	SASS	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.52%	17.23%	-3.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.52%	17.23%	-3.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.52%	17.23%	-3.71%

TOT vs. SASS - Expense Ratio Comparison

TOT has a 0.07% expense ratio, which is lower than SASS's 0.75% expense ratio.

Dividends

TOT vs. SASS - Dividend Comparison

Neither TOT nor SASS has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TOT and SASS in my portfolio?

TOT and SASS have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TOT or SASS?

On fees, TOT is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TOT or SASS?

TOT is cheaper with a 0.07% expense ratio, compared with 0.75% for SASS.

Which ETF pays a higher dividend yield, TOT or SASS?

TOT and SASS have nearly identical dividend yields, around 0.00%.

What is the main difference between TOT and SASS?

They also come from different issuers: LionShares and M.D. Sass. Their fees differ too: 0.07% for TOT and 0.75% for SASS.