FLXI vs. OOSP
FLXI (Invesco Flexible Income ETF) and OOSP (Obra Opportunistic Structured Products ETF) are both Multisector Bonds funds. Both are actively managed. At a 0.22 correlation, their price movements are largely independent. FLXI charges 0.39%/yr vs 0.90%/yr for OOSP.
Performance
FLXI vs. OOSP - Performance Comparison
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Returns By Period
FLXI
- 1D
- -0.14%
- 1M
- -0.32%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OOSP
- 1D
- -0.34%
- 1M
- 0.31%
- 6M
- 2.63%
- YTD
- 2.98%
- 1Y
- 6.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLXI vs. OOSP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
FLXI Invesco Flexible Income ETF | 8,634.42% |
OOSP Obra Opportunistic Structured Products ETF | 1.87% |
Correlation
The correlation between FLXI and OOSP is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 6, 2026 | 0.22 |
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Return for Risk
FLXI vs. OOSP — Risk / Return Rank
FLXI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
OOSP
FLXI vs. OOSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Flexible Income ETF (FLXI) 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.
| FLXI | OOSP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.78 | — |
| Martin ratioReturn relative to average drawdown | — | 17.52 | — |
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Drawdowns
FLXI vs. OOSP - Drawdown Comparison
The maximum FLXI drawdown since its inception was -3.52%, which is greater than OOSP's maximum drawdown of -1.31%. Use the drawdown chart below to compare losses from any high point for FLXI and OOSP.
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Drawdown Indicators
| FLXI | OOSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.52% | -1.31% | -2.21% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.31% | — |
Current DrawdownCurrent decline from peak | -0.96% | -0.34% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -1.22% | -0.20% | -1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.36% | — |
Volatility
FLXI vs. OOSP - Volatility Comparison
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Volatility by Period
| FLXI | OOSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.16% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.31% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13,190.34% | 3.76% | +13,186.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13,190.34% | 3.36% | +13,186.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13,190.34% | 3.36% | +13,186.98% |
FLXI vs. OOSP - Expense Ratio Comparison
FLXI has a 0.39% expense ratio, which is lower than OOSP's 0.90% expense ratio.
Dividends
FLXI vs. OOSP - Dividend Comparison
FLXI's dividend yield for the trailing twelve months is around 1.70%, less than OOSP's 6.42% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FLXI Invesco Flexible Income ETF | 1.70% | 0.00% | 0.00% |
OOSP Obra Opportunistic Structured Products ETF | 6.42% | 6.71% | 5.42% |
Frequently Asked Questions
FLXI and OOSP have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXI is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXI is cheaper with a 0.39% expense ratio, compared with 0.90% for OOSP.
OOSP has the higher dividend yield at 6.42%, compared with 1.70% for FLXI.
They also come from different issuers: Invesco and Obra. Their fees differ too: 0.39% for FLXI and 0.90% for OOSP.
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