- Issuer
- Obra
- Inception Date
- Apr 8, 2024
- Category
- Multisector Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $37M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
OOSP Performance Chart
Obra Opportunistic Structured Products ETF (OOSP) is up 2.7% since the beginning of the year. OOSP is currently trading at $10 per share.
Loading charts...
Returns By Period
Obra Opportunistic Structured Products ETF (OOSP) has returned 2.66% so far this year and 6.71% over the past 12 months.
Obra Opportunistic Structured Products ETF
- 1D
- 0.00%
- 1M
- 0.36%
- YTD
- 2.66%
- 6M
- 2.87%
- 1Y
- 6.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
OOSP Monthly Returns History
Based on dividend-adjusted daily data since Apr 10, 2024, OOSP's average daily return is +0.03%, while the average monthly return is +0.59%. At this rate, an investment would double in approximately 9.8 years.
Historically, 93% of months were positive and 7% were negative. The best month was Jun 2024 with a return of +1.2%, while the worst month was Mar 2026 at -0.4%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 1 months.
On a daily basis, OOSP closed higher 49% of trading days. The best single day was May 13, 2025 with a return of +1.3%, while the worst single day was Nov 19, 2025 at -1.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.04% | 0.33% | -0.41% | 0.63% | 0.91% | 0.15% | 2.66% | ||||||
| 2025 | 1.07% | 0.72% | 0.13% | -0.02% | 1.00% | 1.15% | 0.30% | 0.89% | 0.35% | 0.35% | 0.64% | 0.59% | 7.41% |
| 2024 | 0.40% | 0.74% | 1.15% | 0.72% | 0.70% | 0.84% | 0.50% | 0.63% | 0.43% | 6.27% |
Benchmark Metrics
Obra Opportunistic Structured Products ETF has an annualized alpha of 7.58%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since April 10, 2024.
- This ETF captured 18.80% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -14.41%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.00 may look defensive, but with R2 of 0.00 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 0.00 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
- 7.58%
- Beta
- 0.00
- R²
- 0.00
- Upside Capture
- 18.80%
- Downside Capture
- -14.41%
Expense Ratio
OOSP has an expense ratio of 0.90%, placing it in the medium range.
Return for Risk
Risk / Return Rank
OOSP ranks 72 for risk / return — better than 72% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Obra Opportunistic Structured Products ETF (OOSP) 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.
| OOSP | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 5.13 | 2.78 | +2.35 |
| Martin ratioReturn relative to average drawdown | 19.00 | 12.44 | +6.57 |
Dividends
Dividend History
Obra Opportunistic Structured Products ETF provided a 6.45% dividend yield over the last twelve months, with an annual payout of $0.65 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.65 | $0.68 | $0.55 |
Dividend yield | 6.45% | 6.71% | 5.42% |
Monthly Dividends
The table displays the monthly dividend distributions for Obra Opportunistic Structured Products 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 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.27 | ||||||
| 2025 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.68 |
| 2024 | $0.16 | $0.06 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.55 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Obra Opportunistic Structured Products 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 Obra Opportunistic Structured Products ETF was 1.31%, occurring on Nov 19, 2025. Recovery took 31 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 pullback2025 | -1.31%Nov 2025 | 0s | 1mo 18d | 1mo 18dNov 2025 - Jan 2026 |
2025 selloff2025 | -1.20%May 2025 | 0s | 27d | 27dMay 2025 - Jun 2025 |
2025 selloff2025 | -0.98%Apr 2025 | 4d | 29d | 1mo 3dApr 2025 - May 2025 |
2026 pullback2026 | -0.88%Feb 2026 | 3d | 11d | 14dFeb 2026 - Mar 2026 |
2026 pullback2026 | -0.74%Mar 2026 | 14d | 28d | 1mo 12dMar 2026 - Apr 2026 |
Drawdown Indicators
| OOSP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.31% | -56.78% | +55.47% |
Max Drawdown (1Y)Largest decline over 1 year | -1.31% | -9.10% | +7.79% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
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 | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -0.20% | -10.71% | +10.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 2.03% | -1.68% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with OOSP
Add Obra Opportunistic Structured Products ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with OOSP