TOAK 주가 전망 및 ETF 분석 - 배당·운용보수·보유종목·NAV·RSI·MACD

TOAK

Twin Oak Short Horizon Absolute Return ETF

7월 28일 2:03 PM ET (한국 7/29 03:03)

$28.93

+0.01 ▲ +0.05%

🌙 7월 28일 5:05 PM ET (한국 7/29 06:05)

$28.94

+0.00 +0.00%

TOAK ETF is analyzed across 10 metrics including expense ratio, holdings, sector allocation, dividends, RSI, and MACD.

Total Expense Ratio

0.25%

Annual operating cost

Net Assets (AUM)

$91M

약 1245억원

Holdings

3 items

Dividend Yield

Management Style

Active

Category ⓘ	US Equities - Quant Strat	Asset Type ⓘ	Equities (Stocks)	Return% 1Y ⓘ	3.79%	Total Holdings ⓘ	3	Perf Week ⓘ	0.09%
ETF Type ⓘ	US Equities	Active/Passive ⓘ	Active	Return% 3Y ⓘ	-	AUM ⓘ	$91M	Perf Month ⓘ	0.35%
Expense ⓘ	0.25%	NAV ⓘ	$28.93	Return% 5Y ⓘ	-	52W High ⓘ	-1.45%	Perf Quarter ⓘ	0.91%
Dividend TTM ⓘ	-	Div Gr. 3/5Y ⓘ	-	Return% 10Y ⓘ	-	52W Low ⓘ	3.82%	Perf Half Y ⓘ	1.65%
Flows% 1M ⓘ	-	Flows% YTD ⓘ	55.96%	Return% SI ⓘ	3.97%	Volatility(W/M) ⓘ	0.19% 0.11%	Perf YTD ⓘ	1.92%
SMA20 ⓘ	0.13%	SMA50 ⓘ	0.37%	SMA200 ⓘ	1.38%	RSI (14) ⓘ	54.5	Beta ⓘ	0
IPO ⓘ	2024/8/20	Prev Close ⓘ	$28.92	Perf Year ⓘ	3.8%	Avg Volume ⓘ	0.01M	Price ⓘ	$28.93

📊 Twin Oak Short Horizon Absolute Return ETF (TOAK) Investment Analysis

ETF Overview

Twin Oak Short Horizon Absolute Return ETF · US Equities - Quant Strat

인버스형 — 지수 하락에 베팅 (단기 헤지용 · 고위험)

2024년 상장, 2년 운영 중.

Twin Oak Short Horizon Absolute Return ETF는 낮은 가격 변동성과 함께 자본 증식을 목표로 합니다. 주로 리스크가 제한된 옵션 전략을 활용하여 절대 수익을 창출하고자 하며, 1년 미만의 짧은 듀레이션을 유지하면서 롱 콜, 롱 풋, 데빗 스프레드 옵션 등에 투자하는 액티브 운용 ETF입니다.

📘 TOAK ETF 자세히 알아보기 →

U.S.equityoptionscovered-call

규모: $91M 약 1245억원
운용사: Twin
운용 방식: 액티브 (운용사 재량)
상장일: 2024년

Cost Efficiency

Annual Expense Ratio · Category Rank · Long-Term Cost Impact

Top-tier low cost — 0.25% annually

상위 5% within the US Equities - Quant Strat category. For a ₩100M investment, the annual cost is roughly ₩250,000.

Effective Annual Expense Ratio (Net Expense Ratio)

상위 5%

0.25%

My positionTop 5%

Low range Average High range

Actual Cost Simulation by Investment Amount

$100.0M

Annual Expense Ratio

$250K

Save $540K per year vs. category average

Category Median Annual Cost

$790K

Based on expense ratio of 0.79%

10-Year Cumulative Expense Ratio (Long-term simulation assuming 7% annual market growth)

$4.5M

4.7% of returns you could have earned goes to the fund manager due to fees

💡 Because the expense ratio takes a slice of your assets every year, costs compound over 10 years and result in far greater losses than a simple sum (annual fee × 10). The 7% annual return assumption is based on the S&P 500's long-term average.

Defaults shown against $100K baseline portfolio. Adjust the slider to update the amount in real time.

Cheaper alternatives in the same category

CBOX

Calamos Tax-Aware Collateral ETF

0.14%

-0.11%p annually

XBOX

Roundhill Ultra Short Duration No Dividend Target ETF

0.14%

-0.11%p annually

SELV

SEI QiM U.S. Large Cap Low Volatility Active ETF

0.15%

-0.10%p annually

* A lower fee does not necessarily mean a better ETF. Consider the tracked index, liquidity, and tax treatment as well.

Long-Term Performance

1-year · 3-year · 5-year · 10-year returns · vs. benchmark · drawdown defense

Insufficient return data

-14.0%p vs. benchmark (SPY) over 1Y.

ℹ️ The "1Y·3Y·5Y·10Y" periods below represent annualized returns (CAGR) measured backward from today. Example: "3Y +12%" means the investment grew at a compounded 12% per year over the past three years.

↩️ Inverse ETF — for short-term hedging only

These products bet on declines in the underlying index. By construction, "if the index rises, the ETF falls," so it is not unusual to see a negative annualized return (−). The daily reset mechanism causes significant compounding decay over longer holding periods. Long-term holding is not recommended outside of hedging or short-term trading purposes.

If you had invested 1 year(s) ago

$100.0M

Today's value

$103.8M

→

Total gain

+$3.8M

Annualized +3.8%

1 Year

2025.07 ~ 2026.07

Annualized +3.79%

하위 5%

Trailed the benchmark by 14.0%p annually

My positionBottom 5%

Low range Average High range

3 Years

2023.07 ~ 2026.07

Listed 2024/8 — under 3 years

5 Years

2021.07 ~ 2026.07

Listed 2024/8 — under 5 years

10Y

2016.07 ~ 2026.07

Listed 2024/8 — under 10 years

2Y Cumulative Total Return Curve

2024-08-20 start, based on a 100M KRW base — read the curve values directly as units of 100M KRW (e.g., 308 → 3.08억 / 308M KRW). Both this ETF and the benchmark are rebased to 100 on the same start date for comparison.

TOAK · Price Only TOAK · Price + Cumulative Dividends TOAK · Dividend Reinvested S&P 500 (SPY)

100

150

ℹ️ Price Only: Excludes dividends and tracks pure stock price only. Covered-call and high-dividend ETFs often show a flat or declining line on this view, which is meaningful from a "principal preservation" standpoint. Price + Cumulative Dividend: Share count stays the same and received dividends are accumulated as cash. Closely matches your actual account total assets. Reinvested: Dividends are immediately used to buy additional shares (adjClose-based, the industry standard for total return). The wider the gap between the three lines, the easier it is to gauge the effectiveness of the dividend strategy.

Annual Return Comparison

ETF returns vs S&P 500 (SPY) by calendar year

TOAK S&P 500 (SPY)

+40%

−40%

+2%

2024

+4%

2025

+2%

2026 YTD

💡 Inverse ETFs are the mirror image — positive returns in years the benchmark falls, losses in years it rises.

ℹ️ Returns from January 1 to December 31 of each year. The current year (2026) column is dimmed to indicate YTD (incomplete). If blue is higher than gray, the ETF outperformed the benchmark in that year.

Win rate vs S&P 500 (SPY)

—

Completed years: 2 — 3+ years of data are needed for a win rate to be shown.

2024 ✗

2025 ✗

2026 ✗ YTD

💡 Inverses only win in down years — not suitable as a long-term win-rate metric.

ℹ️ Number of winning years versus S&P 500 (SPY) within a completed calendar year (1/1–12/31). The current year (YTD) is reported separately.

Downside Capture

🛡️ -3%

Falls less than the benchmark in drawdowns — strong downside protection

<85% (Defend) 85~110% (Track) >110% (Lag)

💡 Inverses rise when the benchmark falls and fall when it rises — the usual interpretation of this metric is reversed.

ℹ️ Average % drop of this ETF when S&P 500 (SPY) is −1%. Based on daily returns over the past 3 years (only days where the benchmark is negative).

Risk Profile

Volatility · Beta · Max Drawdown · Sharpe · Drawdown Recovery History

Overall Risk Grade

High Risk

These products move opposite to the market. The longer you hold them, the more losses accumulate over time, making them suitable only for short-term hedging.

↩️ Inverse ETFs — Negative Beta is normal

Because they move opposite to the index, a negative Beta or one near −1 is expected. Volatility is similar to the underlying index. These are intended for short-term hedging and are unsuitable for long-term holding.

Beta (market sensitivity)

0.00

If the market rises +10% +0.0%

If the market falls -10% 0.0%

ℹ️ A beta of 1.0 moves in line with the market. Above 1 means it moves more than the market; below 1 means less.

Average daily range (last 1 month)

상위 25%

±0.11%

S&P 500 typically ±1.0~1.3% · Bond funds ±0.3% · Leveraged ETFs ±3% or more

Annual volatility trend (past 10 years)

ℹ️ This ETF's average daily price swing. 1% means "on average, moves about ±1% per day." The rolling curve below shows the annualized volatility (long-term standard measure) over time.

Max Drawdown · Past 10 years

-1.8%

Drawdown duration: 0 months

2026-05-12 → 2026-05-20

Still recovering

2024-08-20 Worst -5% 2026-07-01

ℹ️ Maximum drawdown is the largest peak-to-trough decline in the past. It represents the worst-case loss a long-term investor must psychologically endure.

Sharpe Ratio (Risk-Adjusted Return)

0.43

Weak — Low risk-adjusted returns

ℹ️ Annualized return minus the risk-free rate (3% annualized), divided by annualized volatility. A value above 1.0 is generally considered good risk-adjusted performance.

Overall investment appeal

What this ETF fits best — strengths, weaknesses, and target investor profile

Designed for short-term trading Not recommended for long-term investing, but suitable for short-term trading and hedging.

⚠️ Short-term hedge that moves opposite to the market. Time decay causes losses to accumulate on long holds.

🎯 목적별 적합도

내가 이 ETF를 어떤 목적으로 활용할 수 있는지 확인하세요.

🌳

장기 보유

수년 이상 꾸준히 모아갈 때

부적합

💵

배당 인컴

매월·분기 현금흐름이 목적일 때

부적합

⚡

단기 트레이딩

며칠~몇 주 단기 방향성 매매

매우 적합

🧩

포트폴리오 보조

자산 배분·헤지 용도

매우 낮음

👤

이런 분에게 어울려요

For short-term hedging and downside bets

✅ 강점

💸Top 5% lowest expense ratio in US Equities - Quant Strat — 0.25% annually
🛡️Below-average volatility

⚠️ 약점·주의사항

🎯Trails benchmark by -14.0%p annually
🔄Inverse — time decay losses accumulate the longer you hold

Portfolio Composition

What's actually inside — sector weights and top holdings

파생상품 기반 ETF

실제 보유 종목이 일반 ETF와 다르게 스왑·선물 중심이에요.

ℹ️ 왜 구성을 봐야 하나요?

ETF의 실제 성과는 담고 있는 종목과 섹터에서 나와요. 이름이 "S&P 500"이라도 기술주 비중이 유난히 높을 수 있고, "배당주 ETF"라도 몇몇 대형주에 쏠려 있을 수 있어요. 라벨보다 실제 구성을 확인하는 게 중요해요.

🔬 집중도 한눈에 보기

총 보유종목

5개

상위 10개 비중

100.0%

최대 단일 종목

50.09%

집중도(HHI)

3851

높음 (집중)

⚠️ 소수 종목·섹터에 집중되어 있어, 해당 종목/섹터가 흔들리면 ETF 전체가 크게 영향을 받아요.

📋 상위 보유 종목 Top 10 Top 10이 전체의 100.0% 차지

티커 옆의 점 색상 = 섹터 구분 (섹터 차트와 동일 색상)

#1 - N/A

50.09%

#2 - N/A

34.91%

#3 - N/A

9.94%

#4 - N/A

4.94%

#5 - U.S. Bank Money Market Deposit Account

0.13%

Category Peers

Category: US Equities - Quant Strat

같은 카테고리 6종 중 AUM 2/6위 · 보수율 1/6위

카테고리: US Equities - Quant Strat

ℹ️ 왜 비교해야 하나요?

같은 카테고리 ETF끼리는 보수율·규모(AUM)·배당률을 비교해 볼 가치가 있어요. 보수율은 낮을수록 장기 수익에 유리하고, AUM이 크면 운용 안정성이 높아요. ▲ 표시는 TOAK보다 유리, ▼ 표시는 TOAK보다 불리를 뜻해요.

티커	ETF명	보수율	AUM	보유종목	배당률	YTD	1년
TOAK	Twin Oak Short Horizon Absolute Return ETF	0.25%	$91M	3	-	+1.92%	+3.80%
CLSE	Convergence Long/Short Equity ETF	1.52% ▼	$795M ▲	368	0.77%	-	+41.93% ▲
QBER	TrueShares Quarterly Bear Hedge ETF	0.79% ▼	$73M ▼	21	3.27%	-	-3.27% ▼
HDGE	Ranger Equity Bear -1x Shares	3.62% ▼	$61M ▼	61	3.78%	-	-10.06% ▼
EHLS	Even Herd Long Short ETF	2.62% ▼	$59M ▼	242	-	-	+15.77% ▲
FFLS	The Future Fund Long/Short ETF	1.6% ▼	$42M ▼	60	0.14%	-	-7.72% ▼

AUM 내림차순 정렬 · ▲ TOAK보다 유리 · ▼ TOAK보다 불리

Leveraged & Covered Call ETFs on the Same Theme

ETFs that approach the same theme with a different strategy

21 ETFs tracking the same theme as TOAK using leveraged or covered call strategies (Leverage 8 · Inverse 5 · Covered Call 8)

Not direct derivatives of TOAK, but ETFs that cover the same theme via a different strategy.

ℹ️ Which ETFs are included?

Among ETFs whose theme (category or sector) overlaps with TOAK, some use special strategies. Leveraged ETFs aim for 2–3× the daily move, Inverse ETFs seek opposite-direction returns, and Covered Call ETFs generate monthly income from option premiums.

⚠️ Caution: Long-Term Holding

Leveraged and inverse ETFs track only the daily return. With high volatility, holding them for longer periods causes cumulative volatility decay—returns diverge further from the underlying index. They are meant for short-term trading.

📈 Leverage 8 ETFs that amplify the same theme by 2-3x (high volatility)