- Issuer
- State Street
- Inception Date
- Sep 27, 2021
- Region
- North America (U.S.)
- Category
- Nontraditional Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $57M
Highlights
- Avg. Volume (1M)
- 7K
- Avg. Volume Value (1M)
- $187.33K
Share Price Chart
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Performance
OBND Performance Chart
SPDR Loomis Sayles Opportunistic Bond ETF (OBND) is up 0.7% since the beginning of the year. OBND is currently trading at $25 per share.
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Returns By Period
SPDR Loomis Sayles Opportunistic Bond ETF (OBND) has returned 0.67% so far this year and 3.50% over the past 12 months.
SPDR Loomis Sayles Opportunistic Bond ETF
- 1D
- -0.11%
- 1M
- -1.05%
- 6M
- 0.09%
- YTD
- 0.67%
- 1Y
- 3.50%
- 3Y*
- 6.23%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.11%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
OBND Monthly Returns History
Based on dividend-adjusted daily data since Sep 28, 2021, OBND's average daily return is +0.01%, while the average monthly return is +0.19%. At this rate, an investment would double in approximately 30.4 years.
Historically, 53% of months were positive and 47% were negative. The best month was Jul 2022 with a return of +4.3%, while the worst month was Sep 2022 at -4.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, OBND closed higher 52% of trading days. The best single day was Nov 10, 2022 with a return of +2.1%, while the worst single day was Jun 13, 2022 at -1.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.58% | 0.61% | -1.78% | 1.65% | 0.44% | 0.25% | -1.05% | 0.67% | |||||
| 2025 | 0.60% | 1.81% | -0.55% | -0.14% | 0.76% | 1.70% | 0.18% | 1.47% | 0.66% | 0.52% | 0.74% | -0.16% | 7.85% |
| 2024 | -0.03% | -0.58% | 1.21% | -1.47% | 1.40% | 0.62% | 1.94% | 1.43% | 1.22% | -1.09% | 1.13% | -1.00% | 4.80% |
| 2023 | 3.83% | -2.71% | 1.89% | 0.57% | -1.08% | 0.85% | 0.84% | -0.22% | -1.29% | -1.06% | 4.01% | 3.71% | 9.47% |
| 2022 | -1.69% | -1.31% | -1.33% | -3.05% | -0.64% | -3.98% | 4.25% | -2.42% | -4.46% | -0.05% | 3.88% | -0.66% | -11.24% |
| 2021 | -0.05% | -0.13% | -0.57% | 0.81% | 0.05% |
Benchmark Metrics
SPDR Loomis Sayles Opportunistic Bond ETF has an annualized alpha of 0.45%, beta of 0.14, and R2 of 0.28 versus S&P 500 Index. Calculated based on daily prices since September 28, 2021.
- This ETF participated in 38.08% of S&P 500 Index downside but only 23.38% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.14 may look defensive, but with R2 of 0.28 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.28 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 0.45%
- Beta
- 0.14
- R²
- 0.28
- Upside Capture
- 23.38%
- Downside Capture
- 38.08%
Expense Ratio
OBND has an expense ratio of 0.55%, placing it in the medium range.
Return for Risk
Risk / Return Rank
OBND ranks 44 for risk / return — above 44% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for SPDR Loomis Sayles Opportunistic Bond ETF (OBND) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| OBND | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.25 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 2.00 | -0.62 |
| Martin ratioReturn relative to average drawdown | 5.65 | 8.49 | -2.84 |
Dividends
Dividend History
SPDR Loomis Sayles Opportunistic Bond ETF provided a 5.86% dividend yield over the last twelve months, with an annual payout of $1.49 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $1.49 | $1.63 | $1.68 | $1.57 | $1.16 | $0.17 |
Dividend yield | 5.86% | 6.26% | 6.53% | 6.01% | 4.56% | 0.55% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR Loomis Sayles Opportunistic Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.14 | $0.13 | $0.13 | $0.13 | $0.14 | $0.15 | $0.82 | |||||
| 2025 | $0.00 | $0.14 | $0.14 | $0.13 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.13 | $0.27 | $1.63 |
| 2024 | $0.00 | $0.14 | $0.15 | $0.14 | $0.16 | $0.15 | $0.15 | $0.15 | $0.14 | $0.13 | $0.14 | $0.25 | $1.68 |
| 2023 | $0.00 | $0.10 | $0.13 | $0.12 | $0.13 | $0.13 | $0.15 | $0.14 | $0.13 | $0.13 | $0.14 | $0.29 | $1.57 |
| 2022 | $0.00 | $0.08 | $0.09 | $0.07 | $0.07 | $0.09 | $0.09 | $0.11 | $0.10 | $0.12 | $0.11 | $0.22 | $1.16 |
| 2021 | $0.04 | $0.12 | $0.17 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the SPDR Loomis Sayles Opportunistic Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SPDR Loomis Sayles Opportunistic Bond ETF was 15.86%, occurring on Oct 20, 2022. Recovery took 447 trading sessions.
The current SPDR Loomis Sayles Opportunistic Bond ETF drawdown is 1.21%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-15.86%Oct 2022 | 11mo 14d | 1y 9mo | 2y 8moNov 2021 - Aug 2024 | Bear market2022 |
-3.08%Apr 2025 | 1mo 8d | 1mo 19d | 2mo 27dMar 2025 - May 2025 | 2025 selloff2025 |
-2.88%Mar 2026 | 28d | 21d | 1mo 19dFeb 2026 - Apr 2026 | — |
-2.17%Jan 2025 | 1mo 5d | 1mo 12d | 2mo 17dDec 2024 - Feb 2025 | — |
-1.76%Nov 2024 | 1mo 7d | 1mo 3d | 2mo 10dSep 2024 - Dec 2024 | — |
Drawdown Indicators
| OBND | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.86% | -56.78% | +40.92% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -9.10% | +6.22% |
Max Drawdown (3Y)Largest decline over 3 years | -3.08% | -18.90% | +15.82% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.21% | -1.58% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -4.27% | -10.70% | +6.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 2.14% | -1.44% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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