FMKT vs. OOSP
FMKT (The Free Markets ETF) and OOSP (Obra Opportunistic Structured Products ETF) are both exchange-traded funds - FMKT is a Large Cap Blend Equities fund, while OOSP is a Multisector Bonds fund actively managed by Obra. Both are actively managed. At a correlation of -0.09, they often move in opposite directions. FMKT charges 0.76%/yr vs 0.90%/yr for OOSP.
Performance
FMKT vs. OOSP - Performance Comparison
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Returns By Period
In the year-to-date period, FMKT achieves a 2.65% return, which is significantly higher than OOSP's 2.41% return.
FMKT
- 1D
- -2.40%
- 1M
- -0.64%
- YTD
- 2.65%
- 6M
- 0.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OOSP
- 1D
- 0.00%
- 1M
- 0.91%
- YTD
- 2.41%
- 6M
- 2.51%
- 1Y
- 6.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FMKT vs. OOSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FMKT The Free Markets ETF | 2.65% | 10.93% |
OOSP Obra Opportunistic Structured Products ETF | 2.41% | 3.73% |
Correlation
The correlation between FMKT and OOSP is -0.09, 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 (All Time) Calculated using the full available price history since Jun 11, 2025 | -0.09 |
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Return for Risk
FMKT vs. OOSP — Risk / Return Rank
FMKT
OOSP
FMKT vs. OOSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Free Markets ETF (FMKT) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| FMKT | OOSP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 2.29 | -1.56 |
Drawdowns
FMKT vs. OOSP - Drawdown Comparison
The maximum FMKT drawdown since its inception was -17.79%, which is greater than OOSP's maximum drawdown of -1.31%. Use the drawdown chart below to compare losses from any high point for FMKT and OOSP.
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Drawdown Indicators
| FMKT | OOSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.79% | -1.31% | -16.48% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.31% | — |
Current DrawdownCurrent decline from peak | -6.86% | -0.18% | -6.68% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -0.20% | -5.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.35% | — |
Volatility
FMKT vs. OOSP - Volatility Comparison
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Volatility by Period
| FMKT | OOSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.23% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.23% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.59% | 3.71% | +15.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.59% | 3.35% | +16.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.59% | 3.35% | +16.24% |
FMKT vs. OOSP - Expense Ratio Comparison
FMKT has a 0.76% expense ratio, which is lower than OOSP's 0.90% expense ratio.
Dividends
FMKT vs. OOSP - Dividend Comparison
FMKT's dividend yield for the trailing twelve months is around 2.10%, less than OOSP's 6.47% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FMKT The Free Markets ETF | 2.10% | 2.15% | 0.00% |
OOSP Obra Opportunistic Structured Products ETF | 6.47% | 6.71% | 5.42% |
Frequently Asked Questions
FMKT and OOSP have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FMKT is cheaper at 0.76% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FMKT is cheaper with a 0.76% expense ratio, compared with 0.90% for OOSP.
OOSP has the higher dividend yield at 6.47%, compared with 2.10% for FMKT.
FMKT is categorized as Large Cap Blend Equities, while OOSP is Multisector Bonds. Their fees differ too: 0.76% for FMKT and 0.90% for OOSP.
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