CARY vs. OOSP
Compare and contrast key facts about Angel Oak Income ETF (CARY) and Obra Opportunistic Structured Products ETF (OOSP).
CARY and OOSP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CARY is an actively managed fund by Angel Oak. It was launched on Nov 7, 2022. OOSP is an actively managed fund by Obra. It was launched on Apr 8, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CARY or OOSP.
Correlation
The correlation between CARY and OOSP is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
CARY vs. OOSP - Performance Comparison
Key characteristics
CARY:
3.24
OOSP:
3.16
CARY:
5.32
OOSP:
4.72
CARY:
1.67
OOSP:
1.83
CARY:
5.28
OOSP:
8.17
CARY:
13.83
OOSP:
35.94
CARY:
0.64%
OOSP:
0.22%
CARY:
2.73%
OOSP:
2.50%
CARY:
-1.68%
OOSP:
-0.97%
CARY:
-0.43%
OOSP:
-0.40%
Returns By Period
The year-to-date returns for both investments are quite close, with CARY having a 1.96% return and OOSP slightly higher at 2.01%.
CARY
1.96%
-0.34%
2.63%
7.99%
N/A
N/A
OOSP
2.01%
-0.12%
3.08%
7.85%
N/A
N/A
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CARY vs. OOSP - Expense Ratio Comparison
CARY has a 0.80% expense ratio, which is lower than OOSP's 0.90% expense ratio.
Risk-Adjusted Performance
CARY vs. OOSP — Risk-Adjusted Performance Rank
CARY
OOSP
CARY vs. OOSP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Angel Oak Income ETF (CARY) 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.
Dividends
CARY vs. OOSP - Dividend Comparison
CARY's dividend yield for the trailing twelve months is around 6.57%, less than OOSP's 7.78% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
CARY Angel Oak Income ETF | 6.57% | 6.69% | 6.38% | 0.48% |
OOSP Obra Opportunistic Structured Products ETF | 7.78% | 5.41% | 0.00% | 0.00% |
Drawdowns
CARY vs. OOSP - Drawdown Comparison
The maximum CARY drawdown since its inception was -1.68%, which is greater than OOSP's maximum drawdown of -0.97%. Use the drawdown chart below to compare losses from any high point for CARY and OOSP. For additional features, visit the drawdowns tool.
Volatility
CARY vs. OOSP - Volatility Comparison
The current volatility for Angel Oak Income ETF (CARY) is 1.10%, while Obra Opportunistic Structured Products ETF (OOSP) has a volatility of 1.27%. This indicates that CARY experiences smaller price fluctuations and is considered to be less risky than OOSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.