TOAK vs VYM
Twin Oak Short Horizon Absolute Return ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | TOAK | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.04% | |
| AUM | $93M | $81.6B | |
| Dividend Yield | 0.00% | 2.24% | |
| Holdings | 3 | 616 | |
| YTD Return | +2.08% | +14.66% | |
| 1Y Return | +3.65% | +22.16% | |
| 3Y Return (annualized) | - | +18.72% | |
| 5Y Return (annualized) | - | +12.18% | |
| Volatility (annualized) | 0.4% | 14.6% | |
| Max Drawdown | -1.8% | -58.8% | |
| Fund Family | Twin Oak | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 19, 2024 | Nov 10, 2006 |
TOAK vs VYM Performance
Twin Oak Short Horizon Absolute Return ETF (TOAK) is a ETF from Twin Oak and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year TOAK returned +3.65% while VYM returned +22.16%. Year to date, TOAK is up 2.08% versus a gain of 14.66% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 0.4% for TOAK. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -1.8% for TOAK and -58.8% for VYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.07. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
TOAK charges 0.25% per year while VYM charges 0.04%. On a $10,000 position that is $25 vs $4 annually, a gap of $21 per year that compounds over a long holding period. On income, TOAK currently yields 0.00% against 2.24% for VYM.
Holdings Overlap
TOAK and VYM share 0 holdings out of 604 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, TOAK or VYM?
TOAK has an expense ratio of 0.25% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, TOAK or VYM?
Over the past year TOAK returned +3.65% vs +22.16% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), TOAK annualized +3.96% vs +7.01% for VYM. Past performance does not guarantee future results.
Which is riskier, TOAK or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 0.4% for TOAK. Worst drawdown: TOAK -1.8% vs VYM -58.8%.
Should I hold both TOAK and VYM?
TOAK and VYM have a monthly-return correlation of 0.07, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TOAK and VYM?
TOAK and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 604 unique securities.
Which pays a higher dividend, TOAK or VYM?
TOAK yields 0.00% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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