TSPX vs. TOS

Last updated Aug 1, 2026

TSPX (Twin Oak Active Opportunities ETF) and TOS (Twin Oak Strategic Solutions ETF) are both exchange-traded funds - TSPX is a Diversified Portfolio fund actively managed by Twin Oak, while TOS is a Large Cap Blend Equities fund actively managed by Twin Oak. Both are actively managed. Their 0.78 correlation means they have sometimes moved together and sometimes differently. TSPX charges 1.01%/yr vs 0.76%/yr for TOS.

Performance

TSPX vs. TOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Twin Oak Active Opportunities ETF (TSPX) and Twin Oak Strategic Solutions ETF (TOS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TSPX

• 1D: 0.71%
• 1M: 0.38%
• 6M: 6.90%
• YTD: 7.79%
• 1Y: 16.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.44%

TOS

• 1D: 1.64%
• 1M: -4.33%
• 6M: 12.32%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TOS Twin Oak Strategic Solutions ETF	$17.00K	$86.45K	$60.98K
TSPX Twin Oak Active Opportunities ETF	$393.88	$1.58M	$538.56K

TSPX vs. TOS - Yearly Performance Comparison

	2026 (YTD)
TSPX Twin Oak Active Opportunities ETF	6.44%
TOS Twin Oak Strategic Solutions ETF	11.02%

Correlation

The correlation between TSPX and TOS is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 28, 2026	0.78

Return for Risk

TSPX vs. TOS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TSPX

TSPX Risk / Return Rank: 67
TSPX Sharpe Ratio Rank: 67
TSPX Sortino Ratio Rank: 66
TSPX Omega Ratio Rank: 65
TSPX Calmar Ratio Rank: 64
TSPX Martin Ratio Rank: 76

TOS

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TSPX vs. TOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Twin Oak Active Opportunities ETF (TSPX) and Twin Oak Strategic Solutions ETF (TOS). 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.

	TSPX	TOS	Difference
Sharpe ratio: Return per unit of total volatility	1.55	—	—
Sortino ratio: Return per unit of downside risk	2.18	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.26	—	—
Martin ratio: Return relative to average drawdown	9.67	—	—

Drawdowns

TSPX vs. TOS - Drawdown Comparison

The maximum TSPX drawdown since its inception was -7.80%, smaller than the maximum TOS drawdown of -15.09%. Use the drawdown chart below to compare losses from any high point for TSPX and TOS.

Drawdown Indicators

	TSPX	TOS	Difference
Max Drawdown Largest peak-to-trough decline	-7.80%	-15.09%	+7.29%
Max Drawdown (1Y) Largest decline over 1 year	-6.81%	—	—
Current Drawdown Current decline from peak	-0.90%	-9.46%	+8.56%
Average Drawdown Average peak-to-trough decline	-1.21%	-3.26%	+2.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.59%	—	—

Volatility

Volatility by Period

	TSPX	TOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.90%	28.34%	-18.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.86%	28.34%	-17.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.86%	28.34%	-17.48%

TSPX vs. TOS - Expense Ratio Comparison

TSPX has a 1.01% expense ratio, which is higher than TOS's 0.76% expense ratio.

Dividends

TSPX vs. TOS - Dividend Comparison

TSPX's dividend yield for the trailing twelve months is around 1.99%, while TOS has not paid dividends to shareholders.

Position	TTM	2025
TOS Twin Oak Strategic Solutions ETF	0.00%	0.00%
TSPX Twin Oak Active Opportunities ETF	1.99%	2.15%

Frequently Asked Questions

Can I hold both TSPX and TOS in my portfolio?

TSPX and TOS have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSPX or TOS?

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, TSPX or TOS?

TOS is cheaper with a 0.76% expense ratio, compared with 1.01% for TSPX.

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

TSPX has the higher dividend yield at 1.99%, compared with 0.00% for TOS.

What is the main difference between TSPX and TOS?

TSPX is categorized as Diversified Portfolio, while TOS is Large Cap Blend Equities. Their fees differ too: 1.01% for TSPX and 0.76% for TOS.