HTRB vs. OBND

Last updated Jun 24, 2026

HTRB (Hartford Total Return Bond ETF) and OBND (SPDR Loomis Sayles Opportunistic Bond ETF) are both exchange-traded funds - HTRB is a Intermediate Core-Plus Bond fund actively managed by Hartford, while OBND is a Nontraditional Bonds fund actively managed by State Street. Both are actively managed. Over the past 3 years, HTRB returned 4.66%/yr vs 6.84%/yr for OBND. A 0.77 correlation means they provide meaningful diversification when combined. HTRB charges 0.29%/yr vs 0.55%/yr for OBND.

Performance

HTRB vs. OBND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Total Return Bond ETF (HTRB) and SPDR Loomis Sayles Opportunistic Bond ETF (OBND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HTRB achieves a 0.53% return, which is significantly lower than OBND's 1.47% return.

HTRB

• 1D: 0.12%
• 1M: 0.79%
• YTD: 0.53%
• 6M: 0.69%
• 1Y: 4.83%
• 3Y*: 4.66%
• 5Y*: 0.35%
• 10Y*: —

OBND

• 1D: -0.00%
• 1M: 0.54%
• YTD: 1.47%
• 6M: 1.42%
• 1Y: 5.74%
• 3Y*: 6.84%
• 5Y*: —
• 10Y*: —

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

HTRB vs. OBND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HTRB Hartford Total Return Bond ETF	0.53%	7.38%	2.35%	7.15%	-14.36%	-0.50%
OBND SPDR Loomis Sayles Opportunistic Bond ETF	1.47%	7.85%	4.80%	9.47%	-11.24%	0.05%

Correlation

The correlation between HTRB and OBND is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021	0.77

The correlation between HTRB and OBND has been stable across timeframes, ranging from 0.77 to 0.87 - a consistent structural relationship.

Return for Risk

HTRB vs. OBND — Risk / Return Rank

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

HTRB

HTRB Risk / Return Rank: 37
HTRB Sharpe Ratio Rank: 39
HTRB Sortino Ratio Rank: 40
HTRB Omega Ratio Rank: 36
HTRB Calmar Ratio Rank: 37
HTRB Martin Ratio Rank: 34

OBND

OBND Risk / Return Rank: 52
OBND Sharpe Ratio Rank: 52
OBND Sortino Ratio Rank: 56
OBND Omega Ratio Rank: 54
OBND Calmar Ratio Rank: 44
OBND Martin Ratio Rank: 54

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.

HTRB vs. OBND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Total Return Bond ETF (HTRB) 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.

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.

	HTRB	OBND	Difference
Sharpe ratio: Return per unit of total volatility	1.29	1.66	-0.37
Sortino ratio: Return per unit of downside risk	1.93	2.47	-0.54
Omega ratio: Gain probability vs. loss probability	1.23	1.31	-0.08
Calmar ratio: Return relative to maximum drawdown	1.72	2.00	-0.28
Martin ratio: Return relative to average drawdown	4.83	8.70	-3.87

HTRB vs. OBND - Sharpe Ratio Comparison

The current HTRB Sharpe Ratio is 1.29, which is comparable to the OBND Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of HTRB and OBND, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HTRB vs. OBND - Drawdown Comparison

The maximum HTRB drawdown since its inception was -19.48%, which is greater than OBND's maximum drawdown of -15.86%. Use the drawdown chart below to compare losses from any high point for HTRB and OBND.

Drawdown Indicators

	HTRB	OBND	Difference
Max Drawdown Largest peak-to-trough decline	-19.48%	-15.86%	-3.62%
Max Drawdown (1Y) Largest decline over 1 year	-2.82%	-2.88%	+0.06%
Max Drawdown (3Y) Largest decline over 3 years	-6.52%	-3.17%	-3.35%
Max Drawdown (5Y) Largest decline over 5 years	-19.48%	—	—
Current Drawdown Current decline from peak	-1.29%	-0.27%	-1.02%
Average Drawdown Average peak-to-trough decline	-4.79%	-4.36%	-0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.00%	0.66%	+0.34%

Volatility

HTRB vs. OBND - Volatility Comparison

The current volatility for Hartford Total Return Bond ETF (HTRB) is 1.05%, while SPDR Loomis Sayles Opportunistic Bond ETF (OBND) has a volatility of 1.13%. This indicates that HTRB experiences smaller price fluctuations and is considered to be less risky than OBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HTRB	OBND	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.05%	1.13%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	2.80%	2.79%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	3.78%	3.48%	+0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.12%	4.66%	+1.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.56%	4.66%	+0.90%

HTRB vs. OBND - Expense Ratio Comparison

HTRB has a 0.29% expense ratio, which is lower than OBND's 0.55% expense ratio.

Dividends

HTRB vs. OBND - Dividend Comparison

HTRB's dividend yield for the trailing twelve months is around 4.62%, less than OBND's 6.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
HTRB Hartford Total Return Bond ETF	4.62%	4.66%	4.45%	3.87%	3.08%	4.22%	4.79%	6.30%	2.37%	0.96%
OBND SPDR Loomis Sayles Opportunistic Bond ETF	6.27%	6.26%	6.53%	6.01%	4.56%	0.55%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HTRB and OBND in my portfolio?

HTRB and OBND have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HTRB or OBND?

OBND has higher volatility (1.13%) compared to HTRB (1.05%). In terms of maximum drawdown, HTRB dropped -19.48% vs OBND's -15.86%.

Which ETF is better, HTRB or OBND?

On 3-year performance, OBND leads with 6.84% vs 4.66% for HTRB. On fees, HTRB is cheaper at 0.29% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HTRB or OBND?

Over the 3-year period, OBND has performed better with a 6.84% return vs 4.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HTRB or OBND?

HTRB is cheaper with a 0.29% expense ratio, compared with 0.55% for OBND.

Which ETF pays a higher dividend yield, HTRB or OBND?

OBND has the higher dividend yield at 6.27%, compared with 4.62% for HTRB.

What is the main difference between HTRB and OBND?

HTRB is categorized as Intermediate Core-Plus Bond, while OBND is Nontraditional Bonds. They also come from different issuers: Hartford and State Street. Their fees differ too: 0.29% for HTRB and 0.55% for OBND.

Which has better risk-adjusted returns?

OBND currently has the higher Sharpe Ratio (1.66 vs 1.29), 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.