DUKZ vs. OBND

Last updated Jun 24, 2026

DUKZ (Ocean Park Diversified Income ETF) and OBND (SPDR Loomis Sayles Opportunistic Bond ETF) are both Nontraditional Bonds funds. Both are actively managed. Over the past year, DUKZ returned 7.65% vs 5.74% for OBND. A 0.78 correlation means they provide meaningful diversification when combined. DUKZ charges 1.03%/yr vs 0.55%/yr for OBND.

Performance

DUKZ vs. OBND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ocean Park Diversified Income ETF (DUKZ) and SPDR Loomis Sayles Opportunistic Bond ETF (OBND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DUKZ achieves a 2.67% return, which is significantly higher than OBND's 1.47% return.

DUKZ

• 1D: -0.14%
• 1M: 1.13%
• YTD: 2.67%
• 6M: 2.69%
• 1Y: 7.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

OBND

• 1D: -0.00%
• 1M: 0.54%
• YTD: 1.47%
• 6M: 1.42%
• 1Y: 5.74%
• 3Y*: 6.84%
• 5Y*: —
• 10Y*: —

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

DUKZ vs. OBND - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DUKZ Ocean Park Diversified Income ETF	2.67%	4.24%	2.55%
OBND SPDR Loomis Sayles Opportunistic Bond ETF	1.47%	7.85%	2.90%

Correlation

The correlation between DUKZ and OBND is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jul 11, 2024	0.78

The correlation between DUKZ and OBND has been stable across timeframes, ranging from 0.78 to 0.81 - a consistent structural relationship.

Return for Risk

DUKZ vs. OBND — Risk / Return Rank

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

DUKZ

DUKZ Risk / Return Rank: 53
DUKZ Sharpe Ratio Rank: 54
DUKZ Sortino Ratio Rank: 53
DUKZ Omega Ratio Rank: 56
DUKZ Calmar Ratio Rank: 50
DUKZ Martin Ratio Rank: 52

OBND

OBND Risk / Return Rank: 52
OBND Sharpe Ratio Rank: 52
OBND Sortino Ratio Rank: 56
OBND Omega Ratio Rank: 54
OBND Calmar Ratio Rank: 44
OBND Martin Ratio Rank: 54

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.

DUKZ vs. OBND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ocean Park Diversified Income ETF (DUKZ) and SPDR Loomis Sayles Opportunistic Bond ETF (OBND). 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.

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.

	DUKZ	OBND	Difference
Sharpe ratio: Return per unit of total volatility	1.66	1.66	+0.01
Sortino ratio: Return per unit of downside risk	2.34	2.47	-0.13
Omega ratio: Gain probability vs. loss probability	1.32	1.31	+0.01
Calmar ratio: Return relative to maximum drawdown	2.27	2.00	+0.26
Martin ratio: Return relative to average drawdown	8.19	8.70	-0.50

DUKZ vs. OBND - Sharpe Ratio Comparison

The current DUKZ Sharpe Ratio is 1.66, which is comparable to the OBND Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of DUKZ and OBND, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DUKZ vs. OBND - Drawdown Comparison

The maximum DUKZ drawdown since its inception was -4.70%, smaller than the maximum OBND drawdown of -15.86%. Use the drawdown chart below to compare losses from any high point for DUKZ and OBND.

Drawdown Indicators

	DUKZ	OBND	Difference
Max Drawdown Largest peak-to-trough decline	-4.70%	-15.86%	+11.16%
Max Drawdown (1Y) Largest decline over 1 year	-3.39%	-2.88%	-0.51%
Max Drawdown (3Y) Largest decline over 3 years	—	-3.17%	—
Current Drawdown Current decline from peak	-0.51%	-0.27%	-0.24%
Average Drawdown Average peak-to-trough decline	-1.13%	-4.36%	+3.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.94%	0.66%	+0.28%

Volatility

DUKZ vs. OBND - Volatility Comparison

Ocean Park Diversified Income ETF (DUKZ) has a higher volatility of 2.05% compared to SPDR Loomis Sayles Opportunistic Bond ETF (OBND) at 1.13%. This indicates that DUKZ's price experiences larger fluctuations and is considered to be riskier than OBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DUKZ	OBND	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.05%	1.13%	+0.92%
Volatility (6M) Calculated over the trailing 6-month period	4.00%	2.79%	+1.21%
Volatility (1Y) Calculated over the trailing 1-year period	4.61%	3.48%	+1.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.43%	4.66%	-0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.43%	4.66%	-0.23%

DUKZ vs. OBND - Expense Ratio Comparison

DUKZ has a 1.03% expense ratio, which is higher than OBND's 0.55% expense ratio.

Dividends

DUKZ vs. OBND - Dividend Comparison

DUKZ's dividend yield for the trailing twelve months is around 3.81%, less than OBND's 6.27% yield.

Position	TTM	2025	2024	2023	2022	2021
DUKZ Ocean Park Diversified Income ETF	3.81%	4.05%	2.44%	0.00%	0.00%	0.00%
OBND SPDR Loomis Sayles Opportunistic Bond ETF	6.27%	6.26%	6.53%	6.01%	4.56%	0.55%

Frequently Asked Questions

Can I hold both DUKZ and OBND in my portfolio?

DUKZ and OBND have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DUKZ or OBND?

DUKZ has higher volatility (2.05%) compared to OBND (1.13%). In terms of maximum drawdown, DUKZ dropped -4.70% vs OBND's -15.86%.

Which ETF is better, DUKZ or OBND?

On 1-year performance, DUKZ leads with 7.65% vs 5.74% for OBND. On fees, OBND is cheaper at 0.55% per year. On volatility, OBND has been the lower-risk option at 1.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DUKZ or OBND?

Over the 1-year period, DUKZ has performed better with a 7.65% return vs 5.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DUKZ or OBND?

OBND is cheaper with a 0.55% expense ratio, compared with 1.03% for DUKZ.

Which ETF pays a higher dividend yield, DUKZ or OBND?

OBND has the higher dividend yield at 6.27%, compared with 3.81% for DUKZ.

What is the main difference between DUKZ and OBND?

They also come from different issuers: Ocean Park and State Street. Their fees differ too: 1.03% for DUKZ and 0.55% for OBND.

Which has better risk-adjusted returns?

DUKZ currently has the higher Sharpe Ratio (1.66 vs 1.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.