IQ

TSPX · Twin Oak Active Opportunities ETF

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$30.54
+1.3% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

TSPX is actively managed and returned +11.8% over the past year.

Why did TSPX return +26.9% from Feb 2025 to Oct 2026, against VOO’s +29.9%?Is a 1.04% fee low for a fund like TSPX?What does TSPX cost to hold and to trade?
Equity fund · Actively managedExpense ratio 1.04%Fund assets $244m net assets, latest filing (Aug 31, 2026)First traded Feb 21, 2025Benchmark S&P 500 TR Index, measured by VOO, which tracks the same indexSEC filings ↗Dividend history

TSPX returned +11.8% over the year to Nov 4, 2026, charges 1.04% a year and holds $244m in net assets on Aug 31, 2026.

Promise check: Not measuredIt names no index it tracks.

Compare with…Trading costsPut to the committeeaskIQ about TSPXAdd to portfolioAlerts

TSPX risk and return scorecard

vs VOO · Feb 2025 to Oct 2026 · 87 weekly returns · dividend-adjusted

Short history · 20 months
TSPX +26.9%, VOO +29.9%, Feb 2025 to Oct 2026, distributions reinvested.
Return
MeasureTSPXVOOEdge
Total return+26.9%+29.9%VOO (slight)
Annualized+15.3%+16.9%VOO (slight)
Price return+24.3%+27.2%VOO
Risk
MeasureTSPXVOOEdge
Volatility9.9%15.2%TSPX
Max drawdown−6.4%−14.5%TSPX
Upside capture64.6%100.0%VOO
Downside capture72.9%100.0%TSPX
Risk-adjusted
MeasureTSPXVOOEdge
Sharpe ratio1.090.84TSPX
Sortino ratio1.801.27TSPX
Alpha vs VOO
MeasureTSPXVOOEdge
Alpha, a year+2.6%Not significant
Alpha t-stat1.48
Beta to VOO0.641.00Lower beta

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

What you earned

TSPX −0.8%, VOO −1.1%: total return over one month to Nov 4, 2026.
TSPX−0.8%
VOO−1.1%
TSPX −0.3%, VOO −0.1%: total return over three months to Nov 4, 2026.
TSPX−0.3%
VOO−0.1%
TSPX +4.0%, VOO +5.0%: total return over six months to Nov 4, 2026.
TSPX+4.0%
VOO+5.0%
TSPX +10.2%, VOO +13.4%: total return over the year to Nov 4, 2026.
TSPX+10.2%
VOO+13.4%
TSPX +11.8%, VOO +14.8%: total return over one year to Nov 4, 2026.
TSPX+11.8%
VOO+14.8%
TSPX +27.2%, VOO +30.4%: total return since launch to Nov 4, 2026.
TSPX+27.2%
VOO+30.4%
askIQ: why did TSPX return +11.8% over one year, against VOO’s +14.8%? ↗

How concentrated, and what does it cost?

No index, actively managed
+11.8%
Total return, 1 year
Report
1.04%
Expense ratio
Report
3
Holdings
Report
−1.3%
Below its high
Report
2.1%
12-month yield, capital gains included, on its starting price
Report
$0.5953
Last payment, ex-date Dec 31, 2025
Report
Sector mix
Cost against like funds
askIQ: is a 1.04% fee low for a fund like TSPX? ↗

More on TSPX

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Price, 1 year

$30.54+1.3%1 day, priceClose, Nov 4, 2026

Price only. Total return over the same days, distributions reinvested, was +11.8%. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

TSPX returns by window: total return, cash paid and price change
WindowTotal returnBenchmark (VOO)Gap to VOO
1M Oct 5 – Nov 4, 2026−0.8%−1.1%+0.3 pts
3M Aug 5 – Nov 4, 2026−0.3%−0.1%−0.2 pts
6M May 6 – Nov 4, 2026+4.0%+5.0%−1.0 pts
YTD Dec 31, 2025 – Nov 4, 2026+10.2%+13.4%−3.2 pts
1Y Nov 4, 2025 – Nov 4, 2026+11.8%+14.8%−3.0 pts
Since launch Feb 21, 2025 – Nov 4, 2026+27.2%+30.4%−3.2 pts
Since launch, annualised Feb 21, 2025 – Nov 4, 2026+15.2%––

Total returns, distributions reinvested. Listed Feb 2025: no 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

TSPX key stats

52-week high, daily closes to Nov 4, 2026 (ETFIQ)$30.95 on Oct 6, 2026
52-week low, daily closes to Nov 4, 2026 (ETFIQ)$26.16 on Mar 30, 2026
Close on Nov 4, 2026, within that range (ETFIQ)$30.54, 91% of the way from the low to the high
Beta to its benchmark, 1 year (ETFIQ)0.78, against VOO
R-squared, the same days (ETFIQ)0.95
Beta and R-squared measured over251 daily total returns, Nov 5, 2025 to Nov 4, 2026
Holdings3
Top ten weight99.9%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Nov 4, 2026
Trading · TSPXas of Nov 4, 2026
·
Not scored2 of 6 measured · Nov 4, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

TSPX for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
TSPX interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

TSPX is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work

About TSPX

What it tracksNo index, actively managed
Fund typeEquity fund
Category (ETFIQ)Stocks · U.S. large-cap blend
Expense ratio (485BPOS XBRL, Sep 25, 2026)1.04%
Price$30.54
First tradedFeb 21, 2025
Net assets (SEC filing, whole fund, as filed for Aug 31, 2026)$244mReport
Benchmark (ETFIQ, from its filings)S&P 500 TR Index, measured by VOO, which tracks the same index
Benchmark named inits shareholder report, N-CSR, Aug 7, 2026
TSPX, 1 year to Nov 4, 2026+11.8%
VOO, the same days+14.8%
Against its benchmark, 1 year (ETFIQ)−3.0 pts
Below its high (ETFIQ)−1.3%
Holdings3
Top ten weight99.9%
Cash, not in the top ten0.1%
Holdings as of (SEC N-PORT)Aug 31, 2026
Already in the S&P 500, by weight (ETFIQ)0.0%
Active share vs the S&P 500 (ETFIQ)100.0%
Already in the Nasdaq-100, by weight (ETFIQ)0.0%
IQ Investment Committee on TSPX

12 seats on TSPX, as of Nov 4, 2026: 1 Supports, 2 Mixed, 4 Challenges, 4 Not enough data, 1 Does not apply.

In the tradition ofJohn BogleBogle-style Low CostMixed
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyDoes not apply
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherChallenges
In the tradition ofHoward MarksMarks-style Cycles & RiskChallenges
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationMixed
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingSupports
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatChallenges
Put TSPX to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about TSPX

How has TSPX performed?
Over the year to Nov 4, 2026, TSPX returned +11.8% with distributions reinvested, against +14.8% for the S&P 500.
What does TSPX cost?
The prospectus expense ratio is 1.04% a year.
What does TSPX hold?
3 positions as filed for Aug 31, 2026, with the top ten at 99.9% of the fund. 0% of its weight is in stocks the S&P 500 also holds.
How far is TSPX below its high?
1.3% below its high of Oct 6, 2026, measured on the reinvested series to Nov 4, 2026.
Sources and dates
Prices, TSPX and Benchmark (VOO)Tiingo end-of-day · Nov 4, 2026
Fee, 1.04%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $244mSEC filing, whole fund · Aug 31, 2026
SourceHoldings filing (SEC Form N-PORT) ↗
IssuerTwin Oak ETF website ↗
All fund filingsFund filings on SEC EDGAR ↗
Twin Oak ETF’s own site ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
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ETFIQ, TSPX, stock fund, data as of Nov 4, 2026. https://etfiq.com/funds/tspx

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

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TSPX: TSPX over 1 year: total return +11.8%, its benchmark S&P 500 TR Index through VOO +14.8%, −3.0 pts. Data to Nov 4, 2026.
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<iframe src="https://etfiq.com/embed/core/tspx/" title="TSPX: TSPX over 1 year: total return +11.8%, its benchmark S&amp;P 500 TR Index through VOO +14.8%, −3.0 pts. Data to Nov 4, 2026." width="640" height="370" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">TSPX: TSPX over 1 year: total return +11.8%, its benchmark S&amp;P 500 TR Index through VOO +14.8%, −3.0 pts. Data to Nov 4, 2026. Data: <a href="https://etfiq.com/funds/tspx">ETFIQ</a></figcaption>
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