Twin Oak Short Horizon Absolute Return ETF
$29.07+0.00 (+0.00%)
- Expense ratio
- 0.25%
- Fund size
- $105M
- 1Y return
- +3.5%
- Yield · Last 12 months
- —
- Volume · 30D
- 0M sh
- NAV per share
- $29.07
- 52W range
The ETF.net TOAK Grade
Score 68 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 87Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 65Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 42Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 47Category rank
Our read on TOAK
BMost low-volatility funds just buy calm stocks. TOAK builds defined-risk options positions instead, chasing absolute return over a zero-to-one-year horizon, and charges well under the typical fee in its defensive-equity peer group.
The Fund seeks capital appreciation with low price volatility, which the Adviser describes as stable returns. It pursues this through defined-risk options intended to generate an absolute return over a short, zero-to-one-year duration.
Why people hold it
- A different engine than its peer group: defined-risk options positions aiming for absolute return over a zero-to-one-year window, rather than a basket of low-beta stocks.
- 0.25% a year, roughly half the 0.47% median in its low-volatility cohort, and cheaper than options-lite peers like LOWV (0.39%) and SIXL (0.47%).
- Sits in the upper half of its defensive US equity cohort, which is unusual for a strategy this unconventional in a group of conventional stock pickers.
- Standard plumbing under the hood: a 1940 Act US equity ETF, not a commodity pool or a note with issuer credit risk attached.
Worth knowing
- Small asset base and light trading volume. Spreads can run wider than in big index funds, so limit orders matter more here.
- Not an income vehicle. The mandate targets return from the options book, and the fund has not been making regular cash payouts.
- Thin risk history: there is only about a year of usable volatility data, so the strategy has not been observed across a full range of market conditions.
TOAK Holdings
- Other
- —
- 100%
- QQQ 01/15/2027 20.01 C
TOAK Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | TOAK |
|---|---|
| Year to date | +2.4% |
| 1 month | +0.3% |
| 3 months | +0.9% |
| 1 year | +3.5% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TOAK |
|---|---|---|
| 2026 YTD | +2.4% | |
| 2025 | +4.3% | |
| 2024 | +1.5% |
TOAK in the news
ETF.net Research hasn’t filed on TOAK yet — coverage lands here as it’s written.
TOAK Dividends
No distributions in the last 12 months.
TOAK Risk
- 0.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.79
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −1.8%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.0003
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TOAK Cost
- The middle half of US Active Low Volatility funds
- Median 0.44%
1 of the 10 US Active Low Volatility funds charge less.