GLDB vs. OBND

Last updated Apr 1, 2026

Compare and contrast key facts about Strategy Shares Gold-Hedged Bond ETF (GLDB) and SPDR Loomis Sayles Opportunistic Bond ETF (OBND).

GLDB and OBND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLDB is a passively managed fund by Strategy Shares that tracks the performance of the Solactive Gold Backed Bond Index - Benchmark TR Gross. It was launched on May 17, 2021. OBND is an actively managed fund by State Street. It was launched on Sep 27, 2021.

Performance

GLDB vs. OBND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strategy Shares Gold-Hedged Bond ETF (GLDB) and SPDR Loomis Sayles Opportunistic Bond ETF (OBND). The values are adjusted to include any dividend payments, if applicable.

GLDB vs. OBND - Yearly Performance Comparison

	2026 (YTD)	2025
GLDB Strategy Shares Gold-Hedged Bond ETF	-2.60%	-3.51%
OBND SPDR Loomis Sayles Opportunistic Bond ETF	-0.60%	0.49%

Returns By Period

In the year-to-date period, GLDB achieves a -2.60% return, which is significantly lower than OBND's -0.60% return.

GLDB

• 1D: 3.72%
• 1M: -6.76%
• YTD: -2.60%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OBND

• 1D: 0.80%
• 1M: -1.78%
• YTD: -0.60%
• 6M: 0.50%
• 1Y: 5.23%
• 3Y*: 6.11%
• 5Y*: —
• 10Y*: —

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

GLDB vs. OBND - Expense Ratio Comparison

GLDB has a 0.79% expense ratio, which is higher than OBND's 0.55% expense ratio.

GLDB

Strategy Shares Gold-Hedged Bond ETF

OBND

SPDR Loomis Sayles Opportunistic Bond ETF

Return for Risk

GLDB vs. OBND — Risk / Return Rank

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

OBND

OBND Risk / Return Rank: 73
OBND Sharpe Ratio Rank: 76
OBND Sortino Ratio Rank: 77
OBND Omega Ratio Rank: 72
OBND Calmar Ratio Rank: 70
OBND Martin Ratio Rank: 69

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.

GLDB vs. OBND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Gold-Hedged Bond ETF (GLDB) and SPDR Loomis Sayles Opportunistic Bond ETF (OBND). 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.

Sharpe Ratios by Period

	GLDB	OBND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.31	0.42	-0.73

Correlation

The correlation between GLDB and OBND is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

GLDB vs. OBND - Dividend Comparison

GLDB's dividend yield for the trailing twelve months is around 0.20%, less than OBND's 6.34% yield.

	TTM	2025	2024	2023	2022	2021
GLDB Strategy Shares Gold-Hedged Bond ETF	0.20%	0.19%	0.00%	0.00%	0.00%	0.00%
OBND SPDR Loomis Sayles Opportunistic Bond ETF	6.34%	6.26%	6.53%	6.01%	4.56%	0.55%

Drawdowns

GLDB vs. OBND - Drawdown Comparison

The maximum GLDB drawdown since its inception was -27.36%, which is greater than OBND's maximum drawdown of -15.86%. Use the drawdown chart below to compare losses from any high point for GLDB and OBND.

Drawdown Indicators

	GLDB	OBND	Difference
Max Drawdown Largest peak-to-trough decline	-27.36%	-15.86%	-11.50%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.88%	—
Current Drawdown Current decline from peak	-22.48%	-1.85%	-20.63%
Average Drawdown Average peak-to-trough decline	-10.62%	-4.56%	-6.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.74%	—

Volatility

Volatility by Period

	GLDB	OBND	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.89%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.45%	—
Volatility (1Y) Calculated over the trailing 1-year period	44.68%	3.71%	+40.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.68%	4.69%	+39.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.68%	4.69%	+39.99%