SPDR Loomis Sayles Opportunistic Bond ETF (OBND) belongs to the Nontraditional Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with OBND. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to OBND
OBND charges 0.55% annually. There are 5 ETFs in the Nontraditional Bonds category with lower expense ratios, going as low as 0.23%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | 0.23% | 131.15M | Dec 2013 | OBND vs AGZD | |
| DoubleLine Asset-Backed Securities ETF | 0.40% | 146.87M | Feb 2025 | OBND vs DABS | |
| JPMorgan Flexible Debt ETF | 0.45% | 1.44B | Sep 2025 | OBND vs JFLX | |
| Simplify Bond Bull ETF | 0.50% | 45.63M | Dec 2024 | OBND vs RFIX | |
| Simplify Interest Rate Hedge ETF | 0.50% | 182.81M | May 2021 | OBND vs PFIX |
Best Risk-Adjusted Alternatives to OBND
OBND has a PortfoliosLab risk / return rank of 44. There are 9 ETFs in the Nontraditional Bonds category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Brookmont Catastrophic Bond ETF | 98 | 16.11M | Mar 2025 | OBND vs ILS | |
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | 91 | 131.15M | Dec 2013 | OBND vs AGZD | |
| Simplify Kayne Anderson Energy and Infrastructure ... | 88 | 150.10M | May 2025 | OBND vs KNRG | |
| DoubleLine Asset-Backed Securities ETF | 85 | 146.87M | Feb 2025 | OBND vs DABS | |
| NEOS Enhanced Income Credit Select ETF | 81 | 219.35M | Sep 2024 | OBND vs HYBI |
Top Performing OBND Alternatives (YTD)
OBND is at 0.67% YTD. There are 13 ETFs in the Nontraditional Bonds category with higher YTD returns, going as high as 10.66%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Interest Rate Hedge ETF | 10.66% | 182.81M | May 2021 | OBND vs PFIX | |
| FolioBeyond Alternative Income and Interest Rate H... | 4.91% | 180.75M | Sep 2021 | OBND vs RISR | |
| Simplify Bond Bull ETF | 4.85% | 45.63M | Dec 2024 | OBND vs RFIX | |
| Return Stacked Bonds & Managed Futures ETF | 4.41% | 137.91M | Feb 2023 | OBND vs RSBT | |
| Brookmont Catastrophic Bond ETF | 3.50% | 16.11M | Mar 2025 | OBND vs ILS |
Lowest Volatility Alternatives to OBND
OBND has 3.52% 1-year volatility. There are 8 ETFs in the Nontraditional Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vest 2 Year Interest Rate Hedge ETF | 0.00% | — | Jan 2024 | OBND vs HYKE | |
| DoubleLine Asset-Backed Securities ETF | 2.41% | 146.87M | Feb 2025 | OBND vs DABS | |
| Brookmont Catastrophic Bond ETF | 2.46% | 16.11M | Mar 2025 | OBND vs ILS | |
| JPMorgan Flexible Debt ETF | 2.58% | 1.44B | Sep 2025 | OBND vs JFLX | |
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | 2.69% | 131.15M | Dec 2013 | OBND vs AGZD |
Lowest Drawdown Alternatives to OBND
OBND has a 1-year max drawdown of -2.88%. There are 9 ETFs in the Nontraditional Bonds category with shallower 1-year drawdowns, going as shallow as -0.55%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Brookmont Catastrophic Bond ETF | -0.55% | 16.11M | Mar 2025 | OBND vs ILS | |
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | -0.73% | 131.15M | Dec 2013 | OBND vs AGZD | |
| DoubleLine Asset-Backed Securities ETF | -1.29% | 146.87M | Feb 2025 | OBND vs DABS | |
| NEOS Enhanced Income Credit Select ETF | -1.43% | 219.35M | Sep 2024 | OBND vs HYBI | |
| Nicholas Fixed Income Alternative ETF | -2.40% | 130.55M | Nov 2022 | OBND vs FIAX |
Other ETFs from State Street
The 10 most viewed State Street ETFs shown here include SPY, GLD, XLK and span 10 categories. AUM among these funds goes as high as $789B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | S&P 500 | 67 | 10.13% | 789.06B | Jan 1993 | OBND vs SPY | |
| SPDR Gold Shares | Gold, Precious Metals | 30 | -6.25% | 130.32B | Nov 2004 | OBND vs GLD | |
| State Street Technology Select Sector SPDR ETF | Technology Equities | 55 | 22.09% | 115.56B | Dec 1998 | OBND vs XLK | |
| State Street SPDR Portfolio S&P 500 Growth ETF | S&P 500, Large Cap Growth Equities | 43 | 10.06% | 51.09B | Sep 2000 | OBND vs SPYG | |
| State Street SPDR Portfolio S&P 500 ETF | S&P 500 | 68 | 10.15% | 160.81B | Nov 2005 | OBND vs SPYM | |
| State Street SPDR Portfolio S&P 500 High Dividend ... | S&P 500, Dividend | 78 | 16.95% | 8.75B | Oct 2015 | OBND vs SPYD | |
| State Street Energy Select Sector SPDR ETF | Energy Equities | 76 | 35.03% | 38.64B | Dec 1998 | OBND vs XLE | |
| SPDR Gold MiniShares Trust | Gold, Precious Metals | 31 | -6.13% | 27.37B | Jun 2018 | OBND vs GLDM | |
| State Street Utilities Select Sector SPDR ETF | Utilities Equities | 21 | 5.28% | 23.07B | Dec 1998 | OBND vs XLU | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | Government Bonds, Ultrashort Bond | 100 | 2.08% | 47.03B | May 2007 | OBND vs BIL |
Often Compared With OBND
Investors most often compare OBND with HTRB, IGEB, SGOV. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare OBND with Any Fund or Stock
Compare OBND with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair OBND with funds that move differently
SPDR Loomis Sayles Opportunistic Bond ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to OBND.
Explore OBND Diversifiers