EUFN vs. OOSP
EUFN (iShares MSCI Europe Financials ETF) and OOSP (Obra Opportunistic Structured Products ETF) are both exchange-traded funds - EUFN is a Financials Equities fund tracking the MSCI Europe Financials Index, while OOSP is a Multisector Bonds fund actively managed by Obra. EUFN is passively managed, while OOSP is actively managed. Over the past year, EUFN returned 28.57% vs 6.13% for OOSP. At a correlation of -0.01, they often move in opposite directions. EUFN charges 0.48%/yr vs 0.90%/yr for OOSP.
Performance
EUFN vs. OOSP - Performance Comparison
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Returns By Period
In the year-to-date period, EUFN achieves a 4.75% return, which is significantly higher than OOSP's 2.31% return.
EUFN
- 1D
- 1.20%
- 1M
- 3.43%
- YTD
- 4.75%
- 6M
- 9.10%
- 1Y
- 28.57%
- 3Y*
- 32.04%
- 5Y*
- 18.43%
- 10Y*
- 13.48%
OOSP
- 1D
- 0.00%
- 1M
- 0.28%
- YTD
- 2.31%
- 6M
- 2.41%
- 1Y
- 6.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUFN vs. OOSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EUFN iShares MSCI Europe Financials ETF | 4.75% | 65.73% | 8.31% |
OOSP Obra Opportunistic Structured Products ETF | 2.31% | 7.41% | 6.27% |
Correlation
The correlation between EUFN and OOSP is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2024 | -0.01 |
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Return for Risk
EUFN vs. OOSP — Risk / Return Rank
EUFN
OOSP
EUFN vs. OOSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Financials ETF (EUFN) 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.
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.
| EUFN | OOSP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.37 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 4.89 | -3.11 |
| Martin ratioReturn relative to average drawdown | 6.24 | 18.06 | -11.82 |
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Drawdowns
EUFN vs. OOSP - Drawdown Comparison
The maximum EUFN drawdown since its inception was -53.25%, which is greater than OOSP's maximum drawdown of -1.31%. Use the drawdown chart below to compare losses from any high point for EUFN and OOSP.
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Drawdown Indicators
| EUFN | OOSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.25% | -1.31% | -51.94% |
Max Drawdown (1Y)Largest decline over 1 year | -14.77% | -1.31% | -13.46% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -35.15% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -53.25% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -0.28% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -14.53% | -0.20% | -14.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.23% | 0.35% | +3.88% |
Volatility
EUFN vs. OOSP - Volatility Comparison
iShares MSCI Europe Financials ETF (EUFN) has a higher volatility of 6.96% compared to Obra Opportunistic Structured Products ETF (OOSP) at 0.82%. This indicates that EUFN's price experiences larger fluctuations and is considered to be riskier than OOSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUFN | OOSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.96% | 0.82% | +6.14% |
Volatility (6M)Calculated over the trailing 6-month period | 17.05% | 2.17% | +14.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.17% | 3.67% | +16.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.88% | 3.33% | +18.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.53% | 3.33% | +21.20% |
EUFN vs. OOSP - Expense Ratio Comparison
EUFN has a 0.48% expense ratio, which is lower than OOSP's 0.90% expense ratio.
Dividends
EUFN vs. OOSP - Dividend Comparison
EUFN's dividend yield for the trailing twelve months is around 3.41%, less than OOSP's 6.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUFN iShares MSCI Europe Financials ETF | 3.41% | 3.57% | 5.36% | 5.00% | 4.24% | 4.15% | 1.38% | 4.55% | 6.48% | 3.04% | 4.03% | 3.65% |
OOSP Obra Opportunistic Structured Products ETF | 6.48% | 6.71% | 5.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUFN and OOSP have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EUFN has higher volatility (6.96%) compared to OOSP (0.82%). In terms of maximum drawdown, EUFN dropped -53.25% vs OOSP's -1.31%.
On 1-year performance, EUFN leads with 28.57% vs 6.13% for OOSP. On fees, EUFN is cheaper at 0.48% per year. On volatility, OOSP has been the lower-risk option at 0.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EUFN has performed better with a 28.57% return vs 6.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EUFN is cheaper with a 0.48% expense ratio, compared with 0.90% for OOSP.
OOSP has the higher dividend yield at 6.48%, compared with 3.41% for EUFN.
EUFN is categorized as Financials Equities, while OOSP is Multisector Bonds. They also come from different issuers: iShares and Obra. Their fees differ too: 0.48% for EUFN and 0.90% for OOSP.
OOSP currently has the higher Sharpe Ratio (1.75 vs 1.31), 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.
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