BCCC vs. OOSP

Last updated Jun 4, 2026

BCCC (Global X Bitcoin Covered Call ETF) and OOSP (Obra Opportunistic Structured Products ETF) are both exchange-traded funds - BCCC is a Cryptocurrency fund actively managed by Global X, while OOSP is a Multisector Bonds fund actively managed by Obra. Both are actively managed. At a correlation of -0.10, they often move in opposite directions. BCCC charges 0.75%/yr vs 0.90%/yr for OOSP.

Performance

BCCC vs. OOSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Bitcoin Covered Call ETF (BCCC) and Obra Opportunistic Structured Products ETF (OOSP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCCC achieves a -21.49% return, which is significantly lower than OOSP's 2.41% return.

BCCC

• 1D: -2.78%
• 1M: -14.90%
• YTD: -21.49%
• 6M: -22.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OOSP

• 1D: 0.00%
• 1M: 0.91%
• YTD: 2.41%
• 6M: 2.51%
• 1Y: 6.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BCCC vs. OOSP - Yearly Performance Comparison

	2026 (YTD)	2025
BCCC Global X Bitcoin Covered Call ETF	-21.49%	-7.14%
OOSP Obra Opportunistic Structured Products ETF	2.41%	4.14%

Correlation

The correlation between BCCC and OOSP is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	-0.10

Return for Risk

BCCC vs. OOSP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OOSP

OOSP Risk / Return Rank: 68
OOSP Sharpe Ratio Rank: 52
OOSP Sortino Ratio Rank: 54
OOSP Omega Ratio Rank: 61
OOSP Calmar Ratio Rank: 88
OOSP Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCCC vs. OOSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Bitcoin Covered Call ETF (BCCC) and Obra Opportunistic Structured Products ETF (OOSP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BCCC	OOSP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.78	2.29	-3.07

Drawdowns

BCCC vs. OOSP - Drawdown Comparison

The maximum BCCC drawdown since its inception was -41.62%, which is greater than OOSP's maximum drawdown of -1.31%. Use the drawdown chart below to compare losses from any high point for BCCC and OOSP.

Drawdown Indicators

	BCCC	OOSP	Difference
Max Drawdown Largest peak-to-trough decline	-41.62%	-1.31%	-40.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.31%	—
Current Drawdown Current decline from peak	-37.25%	-0.18%	-37.07%
Average Drawdown Average peak-to-trough decline	-16.84%	-0.20%	-16.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.35%	—

Volatility

Volatility by Period

	BCCC	OOSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.23%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	35.07%	3.71%	+31.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.07%	3.35%	+31.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.07%	3.35%	+31.72%

BCCC vs. OOSP - Expense Ratio Comparison

BCCC has a 0.75% expense ratio, which is lower than OOSP's 0.90% expense ratio.

Dividends

BCCC vs. OOSP - Dividend Comparison

BCCC's dividend yield for the trailing twelve months is around 62.51%, more than OOSP's 6.47% yield.

Position	TTM	2025	2024
BCCC Global X Bitcoin Covered Call ETF	62.51%	29.55%	0.00%
OOSP Obra Opportunistic Structured Products ETF	6.47%	6.71%	5.42%

Frequently Asked Questions

Can I hold both BCCC and OOSP in my portfolio?

BCCC and OOSP have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BCCC or OOSP?

On fees, BCCC is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BCCC or OOSP?

BCCC is cheaper with a 0.75% expense ratio, compared with 0.90% for OOSP.

Which ETF pays a higher dividend yield, BCCC or OOSP?

BCCC has the higher dividend yield at 62.51%, compared with 6.47% for OOSP.

What is the main difference between BCCC and OOSP?

BCCC is categorized as Cryptocurrency, while OOSP is Multisector Bonds. They also come from different issuers: Global X and Obra. Their fees differ too: 0.75% for BCCC and 0.90% for OOSP.