FRWD vs TOS
Comparison between Nomura Transformational Technologies ETF (FRWD, ETF) and Twin Oak Strategic Solutions ETF (TOS, ETF).
FRWD vs TOS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
FRWD
$144M
TOS
$144M
Expense Ratio
Winner
FRWD
0.65%
TOS
0.76%
Max Drawdown
FRWD
18.49%
Winner
TOS
11.72%
Sharpe Ratio
Winner
FRWD
1.77
TOS
1.43
5Y Beta
FRWD
1.94
Winner
TOS
1.53
P/E Ratio
FRWD
46.93
Winner
TOS
45.02
Forward P/E
Winner
FRWD
31.71
TOS
34.20
PEG Ratio
Winner
FRWD
0.42
TOS
0.59
5Y EPS CAGR
Winner
FRWD
34.62%
TOS
33.80%
P/S Ratio
FRWD
4.90
Winner
TOS
2.87
P/B Ratio
FRWD
13.93
Winner
TOS
9.83
FRWD vs TOS - Holdings Comparison
FRWD and TOS have 5 common holdings. Overlap is 27.06%
FRWD's top 25 holdings weight is 99.99%. TOS's top 25 holdings weight is 93.48%.
| Rank | FRWD | TOS |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 9.46% | ASML HOLDING NV ADR (ASML) - 10.26% |
| #2 | SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 8.89% | COHERENT CORP (COHR) - 10.14% |
| #3 | ADVANCED MICRO DEVICES INC (AMD) - 8.37% | NVIDIA CORP (NVDA) - 9.48% |
| #4 | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR (TSM) - 5.72% | DIMENSIONAL INTERNATIONAL SM CP VAL ETF (DISV) - 8.58% |
| #5 | LAM RESEARCH CORP (LRCX) - 5.28% | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR (TSM) - 8.32% |
| #6 | WESTERN DIGITAL CORP (WDC) - 5.03% | UNION PACIFIC CORP (UNP) - 5.82% |
| #7 | BROADCOM INC (AVGO) - 4.60% | AVANTIS INTERNATIONAL SMALL CAP VAL ETF (AVDV) - 5.75% |
| #8 | TEXAS INSTRUMENTS INC (TXN) - 4.52% | CONSTELLATION ENERGY CORP (CEG) - 5.53% |
| #9 | ASML HOLDING NV ADR (ASML) - 4.45% | AMAZON.COM INC (AMZN) - 5.34% |
| #10 | MICRON TECHNOLOGY INC (MU) - 4.32% | IREN LTD (IREN) - 4.47% |
| #11 | MICROSOFT CORP (MSFT) - 4.27% | LIVE NATION ENTERTAINMENT INC (LYV) - 4.10% |
| #12 | SAMSUNG ELECTRONICS CO LTD (n/a) - 4.18% | LAM RESEARCH CORP (LRCX) - 3.63% |
| #13 | AMAZON.COM INC (AMZN) - 3.80% | COCA-COLA CO (KO) - 3.36% |
| #14 | ALPHABET INC CLASS A (GOOGL) - 3.57% | WISDOMTREE JAPAN SMALLCAP DIVIDEND ETF (DFJ) - 3.28% |
| #15 | NETFLIX INC (NFLX) - 3.53% | CAMBRIA GLOBAL EW ETF (GEW) - 2.36% |
| #16 | SPOTIFY TECHNOLOGY SA (SPOT) - 2.69% | VERADERMICS INC (MANE) - 2.00% |
| #17 | DOORDASH INC ORDINARY SHARES CLASS A (DASH) - 2.65% | CORE SCIENTIFIC INC ORDINARY SHARES NEW (CORZ) - 0.69% |
| #18 | CELESTICA INC ORDINARY SHARES (SUBORDINATE VOTING) (CLS) - 2.49% | VISA INC CLASS A (V) - 0.37% |
| #19 | KRATOS DEFENSE & SECURITY SOLUTIONS INC (KTOS) - 2.31% | N/A |
| #20 | SERVICENOW INC (NOW) - 2.06% | N/A |
| #21 | CADENCE DESIGN SYSTEMS INC (CDNS) - 1.95% | N/A |
| #22 | BOOKING HOLDINGS INC (BKNG) - 1.77% | N/A |
| #23 | MERCADOLIBRE INC (MELI) - 1.74% | N/A |
| #24 | SHOPIFY INC REGISTERED SHS -A- SUBORD VTG (SHOP) - 1.66% | N/A |
| #25 | INVESCO SHRT-TRM INV GOV&AGCY INSTL (AGPXX) - 0.68% | N/A |
| Total Holdings | 26 | 18 |
FRWD vs TOS - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FRWD
+6.85%
TOS
+2.73%
3M
Winner
FRWD
+28.66%
TOS
+11.96%
Max(CAGR)
Winner
FRWD
+73.54%
TOS
+46.19%
FRWD vs TOS - Annual Returns (2026 - 2026)
Returns include dividend reinvestment.
| Year | FRWD | TOS |
|---|---|---|
| 2026 | +24.09% | +14.23% |
FRWD vs TOS Drawdown Comparison
The maximum drawdown for FRWD was -18.49%, occurring on Mar 30, 2026. Recovery took 53 trading sessions.
The maximum drawdown for TOS was -11.72%, occurring on Mar 30, 2026. Recovery took 28 trading sessions.
The current FRWD drawdown is -8.69%. The current TOS drawdown is -5.20%.
| Rank | FRWD | TOS |
|---|---|---|
| #1 | -18.49% Jan 28, 2026 - Apr 15, 2026 | -11.72% Mar 2, 2026 - Apr 10, 2026 |
| #2 | -8.69% Jun 2, 2026 - Jun 5, 2026 | -5.20% Jun 2, 2026 - Jun 5, 2026 |
| #3 | -5.01% May 14, 2026 - May 22, 2026 | -4.65% May 14, 2026 - Jun 2, 2026 |
| #4 | -2.67% Apr 24, 2026 - May 1, 2026 | -4.36% Jan 28, 2026 - Feb 9, 2026 |
| #5 | -1.87% Jan 16, 2026 - Jan 22, 2026 | -2.79% Apr 24, 2026 - May 5, 2026 |
| #6 | -1.60% May 11, 2026 - May 14, 2026 | -2.09% Feb 25, 2026 - Mar 2, 2026 |
| #7 | -1.53% Jan 13, 2026 - Jan 16, 2026 | -2.02% May 6, 2026 - May 11, 2026 |
| #8 | -1.34% May 6, 2026 - May 8, 2026 | -1.47% Feb 9, 2026 - Feb 19, 2026 |
| #9 | -0.89% Apr 22, 2026 - Apr 24, 2026 | -1.38% Apr 17, 2026 - Apr 24, 2026 |
| #10 | -0.59% Apr 17, 2026 - Apr 22, 2026 | -1.27% Apr 14, 2026 - Apr 17, 2026 |
| #11 | -0.09% May 1, 2026 - May 5, 2026 | -0.74% May 11, 2026 - May 13, 2026 |
| #12 | N/A | -0.25% Feb 20, 2026 - Feb 24, 2026 |
Correlation
Correlation between FRWD and TOS is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Select Stocks to Compare
Popular: FRWD vs SPYTOS vs SPY
More Comparisons
Compare with similar stocks