EKIZX vs. OOSP
Compare and contrast key facts about Allspring Adjustable Rate Government Fund (EKIZX) and Obra Opportunistic Structured Products ETF (OOSP).
EKIZX is managed by Allspring Global Investments. It was launched on Oct 1, 1991. 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: EKIZX or OOSP.
Correlation
The correlation between EKIZX and OOSP is -0.06. 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
EKIZX vs. OOSP - Performance Comparison
Key characteristics
EKIZX:
4.05
OOSP:
3.33
EKIZX:
12.43
OOSP:
4.96
EKIZX:
3.85
OOSP:
1.89
EKIZX:
27.86
OOSP:
8.36
EKIZX:
102.33
OOSP:
36.03
EKIZX:
0.06%
OOSP:
0.23%
EKIZX:
1.57%
OOSP:
2.46%
EKIZX:
-4.00%
OOSP:
-0.97%
EKIZX:
-0.11%
OOSP:
-0.30%
Returns By Period
In the year-to-date period, EKIZX achieves a 1.24% return, which is significantly lower than OOSP's 2.11% return.
EKIZX
1.24%
-0.11%
2.16%
6.31%
3.04%
2.07%
OOSP
2.11%
0.03%
3.19%
8.09%
N/A
N/A
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EKIZX vs. OOSP - Expense Ratio Comparison
EKIZX has a 0.47% expense ratio, which is lower than OOSP's 0.90% expense ratio.
Risk-Adjusted Performance
EKIZX vs. OOSP — Risk-Adjusted Performance Rank
EKIZX
OOSP
EKIZX vs. OOSP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Adjustable Rate Government Fund (EKIZX) 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
EKIZX vs. OOSP - Dividend Comparison
EKIZX's dividend yield for the trailing twelve months is around 4.96%, less than OOSP's 7.79% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EKIZX Allspring Adjustable Rate Government Fund | 4.96% | 6.32% | 4.57% | 1.52% | 0.70% | 1.71% | 2.43% | 1.95% | 1.06% | 1.07% | 1.07% | 1.08% |
OOSP Obra Opportunistic Structured Products ETF | 7.79% | 5.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EKIZX vs. OOSP - Drawdown Comparison
The maximum EKIZX drawdown since its inception was -4.00%, which is greater than OOSP's maximum drawdown of -0.97%. Use the drawdown chart below to compare losses from any high point for EKIZX and OOSP. For additional features, visit the drawdowns tool.
Volatility
EKIZX vs. OOSP - Volatility Comparison
The current volatility for Allspring Adjustable Rate Government Fund (EKIZX) is 0.20%, while Obra Opportunistic Structured Products ETF (OOSP) has a volatility of 1.21%. This indicates that EKIZX 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.