FTWO vs. OOSP

Last updated Jun 4, 2026

FTWO (Strive Natural Resources and Security ETF) and OOSP (Obra Opportunistic Structured Products ETF) are both exchange-traded funds - FTWO is a Energy Equities fund tracking the Bloomberg Natural Resources and Security Total Return Index, while OOSP is a Multisector Bonds fund actively managed by Obra. FTWO is passively managed, while OOSP is actively managed. Over the past year, FTWO returned 30.91% vs 6.71% for OOSP. At a correlation of -0.13, they often move in opposite directions. FTWO charges 0.49%/yr vs 0.90%/yr for OOSP.

Performance

FTWO vs. OOSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive Natural Resources and Security ETF (FTWO) and Obra Opportunistic Structured Products ETF (OOSP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTWO achieves a 10.90% return, which is significantly higher than OOSP's 2.41% return.

FTWO

• 1D: -0.94%
• 1M: -1.13%
• YTD: 10.90%
• 6M: 13.58%
• 1Y: 30.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

OOSP

• 1D: 0.00%
• 1M: 0.91%
• YTD: 2.41%
• 6M: 2.51%
• 1Y: 6.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTWO vs. OOSP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FTWO Strive Natural Resources and Security ETF	10.90%	43.06%	1.37%
OOSP Obra Opportunistic Structured Products ETF	2.41%	7.41%	6.43%

Correlation

The correlation between FTWO and OOSP is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.15
Correlation (All Time) Calculated using the full available price history since Apr 11, 2024	-0.13

Return for Risk

FTWO vs. OOSP — Risk / Return Rank

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

FTWO

FTWO Risk / Return Rank: 49
FTWO Sharpe Ratio Rank: 50
FTWO Sortino Ratio Rank: 48
FTWO Omega Ratio Rank: 46
FTWO Calmar Ratio Rank: 55
FTWO Martin Ratio Rank: 44

OOSP

OOSP Risk / Return Rank: 68
OOSP Sharpe Ratio Rank: 52
OOSP Sortino Ratio Rank: 54
OOSP Omega Ratio Rank: 61
OOSP Calmar Ratio Rank: 88
OOSP Martin Ratio Rank: 87

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.

FTWO vs. OOSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive Natural Resources and Security ETF (FTWO) 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.

	FTWO	OOSP	Difference
Sharpe ratio Return per unit of total volatility	1.72	1.82	-0.10
Sortino ratio Return per unit of downside risk	2.33	2.64	-0.30
Omega ratio Gain probability vs. loss probability	1.29	1.38	-0.08
Calmar ratio Return relative to maximum drawdown	2.69	5.13	-2.44
Martin ratio Return relative to average drawdown	7.23	19.01	-11.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTWO vs. OOSP - Sharpe Ratio Comparison

The current FTWO Sharpe Ratio is 1.72, which is comparable to the OOSP Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of FTWO and OOSP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FTWO	OOSP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	1.82	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	1.31	2.29	-0.97

Drawdowns

FTWO vs. OOSP - Drawdown Comparison

The maximum FTWO drawdown since its inception was -18.17%, which is greater than OOSP's maximum drawdown of -1.31%. Use the drawdown chart below to compare losses from any high point for FTWO and OOSP.

Drawdown Indicators

	FTWO	OOSP	Difference
Max Drawdown Largest peak-to-trough decline	-18.17%	-1.31%	-16.86%
Max Drawdown (1Y) Largest decline over 1 year	-11.54%	-1.31%	-10.23%
Current Drawdown Current decline from peak	-9.19%	-0.18%	-9.01%
Average Drawdown Average peak-to-trough decline	-3.43%	-0.20%	-3.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.29%	0.35%	+3.94%

Volatility

FTWO vs. OOSP - Volatility Comparison

Strive Natural Resources and Security ETF (FTWO) has a higher volatility of 5.79% compared to Obra Opportunistic Structured Products ETF (OOSP) at 1.23%. This indicates that FTWO'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.

Volatility by Period

	FTWO	OOSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.79%	1.23%	+4.56%
Volatility (6M) Calculated over the trailing 6-month period	14.59%	2.23%	+12.36%
Volatility (1Y) Calculated over the trailing 1-year period	18.09%	3.71%	+14.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.23%	3.35%	+15.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.23%	3.35%	+15.88%

FTWO vs. OOSP - Expense Ratio Comparison

FTWO has a 0.49% expense ratio, which is lower than OOSP's 0.90% expense ratio.

Dividends

FTWO vs. OOSP - Dividend Comparison

FTWO's dividend yield for the trailing twelve months is around 1.01%, less than OOSP's 6.47% yield.

Position	TTM	2025	2024	2023
FTWO Strive Natural Resources and Security ETF	1.01%	1.02%	1.23%	0.59%
OOSP Obra Opportunistic Structured Products ETF	6.47%	6.71%	5.42%	0.00%

Frequently Asked Questions

Can I hold both FTWO and OOSP in my portfolio?

FTWO and OOSP have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTWO or OOSP?

FTWO has higher volatility (5.79%) compared to OOSP (1.23%). In terms of maximum drawdown, FTWO dropped -18.17% vs OOSP's -1.31%.

Which ETF is better, FTWO or OOSP?

On 1-year performance, FTWO leads with 30.91% vs 6.71% for OOSP. On fees, FTWO is cheaper at 0.49% per year. On volatility, OOSP has been the lower-risk option at 1.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTWO or OOSP?

Over the 1-year period, FTWO has performed better with a 30.91% return vs 6.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTWO or OOSP?

FTWO is cheaper with a 0.49% expense ratio, compared with 0.90% for OOSP.

Which ETF pays a higher dividend yield, FTWO or OOSP?

OOSP has the higher dividend yield at 6.47%, compared with 1.01% for FTWO.

What is the main difference between FTWO and OOSP?

FTWO is categorized as Energy Equities, while OOSP is Multisector Bonds. They also come from different issuers: Strive and Obra. Their fees differ too: 0.49% for FTWO and 0.90% for OOSP.

Which has better risk-adjusted returns?

OOSP currently has the higher Sharpe Ratio (1.82 vs 1.72), 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.