HYKE vs. OBND

Last updated Jun 5, 2026

HYKE (Vest 2 Year Interest Rate Hedge ETF) and OBND (SPDR Loomis Sayles Opportunistic Bond ETF) are both Nontraditional Bonds funds. Both are actively managed. HYKE charges 0.85%/yr vs 0.55%/yr for OBND.

Performance

HYKE vs. OBND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vest 2 Year Interest Rate Hedge ETF (HYKE) and SPDR Loomis Sayles Opportunistic Bond ETF (OBND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HYKE

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OBND

• 1D: 0.14%
• 1M: 0.22%
• YTD: 1.45%
• 6M: 1.44%
• 1Y: 6.40%
• 3Y*: 6.93%
• 5Y*: —
• 10Y*: —

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

HYKE vs. OBND - Yearly Performance Comparison

	2026 (YTD)
HYKE Vest 2 Year Interest Rate Hedge ETF	0.00%
OBND SPDR Loomis Sayles Opportunistic Bond ETF	2.88%

Return for Risk

HYKE 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: 56
OBND Sharpe Ratio Rank: 58
OBND Sortino Ratio Rank: 62
OBND Omega Ratio Rank: 60
OBND Calmar Ratio Rank: 46
OBND Martin Ratio Rank: 57

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.

HYKE vs. OBND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vest 2 Year Interest Rate Hedge ETF (HYKE) 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

	HYKE	OBND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.50	—

Drawdowns

HYKE vs. OBND - Drawdown Comparison

The maximum HYKE drawdown since its inception was 0.00%, smaller than the maximum OBND drawdown of -15.86%. Use the drawdown chart below to compare losses from any high point for HYKE and OBND.

Drawdown Indicators

	HYKE	OBND	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-15.86%	+15.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.88%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-3.17%	—
Current Drawdown Current decline from peak	0.00%	-0.15%	+0.15%
Average Drawdown Average peak-to-trough decline	0.00%	-4.40%	+4.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.66%	—

Volatility

Volatility by Period

	HYKE	OBND	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	3.38%	-3.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	4.66%	-4.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	4.66%	-4.66%

HYKE vs. OBND - Expense Ratio Comparison

HYKE has a 0.85% expense ratio, which is higher than OBND's 0.55% expense ratio.

Dividends

HYKE vs. OBND - Dividend Comparison

HYKE has not paid dividends to shareholders, while OBND's dividend yield for the trailing twelve months is around 6.27%.

Position	TTM	2025	2024	2023	2022	2021
HYKE Vest 2 Year Interest Rate Hedge ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OBND SPDR Loomis Sayles Opportunistic Bond ETF	6.27%	6.26%	6.53%	6.01%	4.56%	0.55%

Frequently Asked Questions

Which ETF is better, HYKE or OBND?

On fees, OBND is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HYKE or OBND?

OBND is cheaper with a 0.55% expense ratio, compared with 0.85% for HYKE.

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

OBND has the higher dividend yield at 6.27%, compared with 0.00% for HYKE.

What is the main difference between HYKE and OBND?

They also come from different issuers: Cboe Vest and State Street. Their fees differ too: 0.85% for HYKE and 0.55% for OBND.