TSPX vs. EAOA

Last updated Jun 5, 2026

TSPX (Twin Oak Active Opportunities ETF) and EAOA (iShares ESG Aware Aggressive Allocation ETF) are both Diversified Portfolio funds. TSPX is actively managed, while EAOA is passively managed. Over the past year, TSPX returned 21.64% vs 24.34% for EAOA. Their correlation of 0.93 suggests significant overlap in exposure. TSPX charges 1.01%/yr vs 0.18%/yr for EAOA.

Performance

TSPX vs. EAOA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Twin Oak Active Opportunities ETF (TSPX) and iShares ESG Aware Aggressive Allocation ETF (EAOA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSPX achieves a 8.52% return, which is significantly lower than EAOA's 10.26% return.

TSPX

• 1D: 0.28%
• 1M: 3.65%
• YTD: 8.52%
• 6M: 8.92%
• 1Y: 21.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EAOA

• 1D: 0.30%
• 1M: 3.78%
• YTD: 10.26%
• 6M: 10.73%
• 1Y: 24.34%
• 3Y*: 17.42%
• 5Y*: 8.58%
• 10Y*: —

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

TSPX vs. EAOA - Yearly Performance Comparison

	2026 (YTD)	2025
TSPX Twin Oak Active Opportunities ETF	8.52%	15.46%
EAOA iShares ESG Aware Aggressive Allocation ETF	10.26%	14.93%

Correlation

The correlation between TSPX and EAOA is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (All Time) Calculated using the full available price history since Feb 24, 2025	0.93

The correlation between TSPX and EAOA has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

Return for Risk

TSPX vs. EAOA — Risk / Return Rank

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

TSPX

TSPX Risk / Return Rank: 74
TSPX Sharpe Ratio Rank: 75
TSPX Sortino Ratio Rank: 75
TSPX Omega Ratio Rank: 75
TSPX Calmar Ratio Rank: 65
TSPX Martin Ratio Rank: 78

EAOA

EAOA Risk / Return Rank: 69
EAOA Sharpe Ratio Rank: 71
EAOA Sortino Ratio Rank: 72
EAOA Omega Ratio Rank: 71
EAOA Calmar Ratio Rank: 61
EAOA Martin Ratio Rank: 72

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.

TSPX vs. EAOA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Twin Oak Active Opportunities ETF (TSPX) and iShares ESG Aware Aggressive Allocation ETF (EAOA). 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.

	TSPX	EAOA	Difference
Sharpe ratio: Return per unit of total volatility	2.38	2.28	+0.11
Sortino ratio: Return per unit of downside risk	3.33	3.21	+0.12
Omega ratio: Gain probability vs. loss probability	1.44	1.41	+0.02
Calmar ratio: Return relative to maximum drawdown	3.19	2.99	+0.20
Martin ratio: Return relative to average drawdown	14.91	13.28	+1.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSPX vs. EAOA - Sharpe Ratio Comparison

The current TSPX Sharpe Ratio is 2.38, which is comparable to the EAOA Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of TSPX and EAOA, 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

	TSPX	EAOA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.38	2.28	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.79	0.93	+0.86

Drawdowns

TSPX vs. EAOA - Drawdown Comparison

The maximum TSPX drawdown since its inception was -7.80%, smaller than the maximum EAOA drawdown of -25.06%. Use the drawdown chart below to compare losses from any high point for TSPX and EAOA.

Drawdown Indicators

	TSPX	EAOA	Difference
Max Drawdown Largest peak-to-trough decline	-7.80%	-25.06%	+17.26%
Max Drawdown (1Y) Largest decline over 1 year	-6.81%	-8.17%	+1.36%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.84%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.06%	—
Current Drawdown Current decline from peak	-0.23%	-0.41%	+0.18%
Average Drawdown Average peak-to-trough decline	-1.18%	-5.31%	+4.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.46%	1.84%	-0.38%

Volatility

TSPX vs. EAOA - Volatility Comparison

The current volatility for Twin Oak Active Opportunities ETF (TSPX) is 2.25%, while iShares ESG Aware Aggressive Allocation ETF (EAOA) has a volatility of 3.33%. This indicates that TSPX experiences smaller price fluctuations and is considered to be less risky than EAOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSPX	EAOA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.25%	3.33%	-1.08%
Volatility (6M) Calculated over the trailing 6-month period	7.08%	8.65%	-1.57%
Volatility (1Y) Calculated over the trailing 1-year period	9.12%	10.75%	-1.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.78%	13.24%	-2.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.78%	13.14%	-2.36%

TSPX vs. EAOA - Expense Ratio Comparison

TSPX has a 1.01% expense ratio, which is higher than EAOA's 0.18% expense ratio.

Dividends

TSPX vs. EAOA - Dividend Comparison

TSPX's dividend yield for the trailing twelve months is around 1.98%, more than EAOA's 1.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
EAOA iShares ESG Aware Aggressive Allocation ETF	1.95%	2.10%	2.09%	2.21%	1.93%	1.48%	1.12%
TSPX Twin Oak Active Opportunities ETF	1.98%	2.15%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSPX and EAOA in my portfolio?

With a correlation of 0.94, TSPX and EAOA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TSPX or EAOA?

EAOA has higher volatility (3.33%) compared to TSPX (2.25%). In terms of maximum drawdown, TSPX dropped -7.80% vs EAOA's -25.06%.

Which ETF is better, TSPX or EAOA?

On 1-year performance, EAOA leads with 24.34% vs 21.64% for TSPX. On fees, EAOA is cheaper at 0.18% per year. On volatility, TSPX has been the lower-risk option at 2.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSPX or EAOA?

Over the 1-year period, EAOA has performed better with a 24.34% return vs 21.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSPX or EAOA?

EAOA is cheaper with a 0.18% expense ratio, compared with 1.01% for TSPX.

Which ETF pays a higher dividend yield, TSPX or EAOA?

TSPX has the higher dividend yield at 1.98%, compared with 1.95% for EAOA.

What is the main difference between TSPX and EAOA?

They also come from different issuers: Twin Oak and iShares. Their fees differ too: 1.01% for TSPX and 0.18% for EAOA.

Which has better risk-adjusted returns?

TSPX currently has the higher Sharpe Ratio (2.38 vs 2.28), 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.