LUTR.L vs. OSTIX

Last updated Jun 5, 2026

LUTR.L (SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF) and OSTIX (Osterweis Strategic Income Fund) are both funds - LUTR.L is a Government Bonds fund tracking the Bloomberg US Treasury 10+ Year Index, while OSTIX is a High Yield Bonds fund managed by Osterweis. Over the past 10 years, LUTR.L returned -0.95%/yr vs 5.12%/yr for OSTIX. At a 0.03 correlation, their price movements are largely independent. LUTR.L charges 0.15%/yr vs 0.84%/yr for OSTIX.

Performance

LUTR.L vs. OSTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (LUTR.L) and Osterweis Strategic Income Fund (OSTIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LUTR.L achieves a -0.85% return, which is significantly lower than OSTIX's 1.58% return. Over the past 10 years, LUTR.L has underperformed OSTIX with an annualized return of -0.95%, while OSTIX has yielded a comparatively higher 5.12% annualized return.

LUTR.L

• 1D: 0.35%
• 1M: 0.66%
• YTD: -0.85%
• 6M: -0.90%
• 1Y: 4.34%
• 3Y*: -0.60%
• 5Y*: -5.20%
• 10Y*: -0.95%

OSTIX

• 1D: -0.09%
• 1M: 0.74%
• YTD: 1.58%
• 6M: 2.10%
• 1Y: 4.94%
• 3Y*: 7.23%
• 5Y*: 4.37%
• 10Y*: 5.12%

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

LUTR.L vs. OSTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LUTR.L SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF	-0.85%	5.48%	-5.76%	2.50%	-28.88%	-4.85%	16.61%	16.93%	-1.71%	8.58%
OSTIX Osterweis Strategic Income Fund	1.58%	4.04%	8.03%	12.29%	-5.94%	5.48%	9.01%	5.36%	-0.66%	6.00%

Correlation

The correlation between LUTR.L and OSTIX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (10Y) Calculated over the trailing 10-year period	0.04
Correlation (All Time) Calculated using the full available price history since Feb 23, 2016	0.03

Over the past year, LUTR.L and OSTIX have become more correlated (0.39) than their long-term average of 0.03, meaning their price movements have been converging.

Return for Risk

LUTR.L vs. OSTIX — Risk / Return Rank

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

LUTR.L

LUTR.L Risk / Return Rank: 17
LUTR.L Sharpe Ratio Rank: 17
LUTR.L Sortino Ratio Rank: 17
LUTR.L Omega Ratio Rank: 16
LUTR.L Calmar Ratio Rank: 17
LUTR.L Martin Ratio Rank: 17

OSTIX

OSTIX Risk / Return Rank: 87
OSTIX Sharpe Ratio Rank: 90
OSTIX Sortino Ratio Rank: 90
OSTIX Omega Ratio Rank: 92
OSTIX Calmar Ratio Rank: 79
OSTIX Martin Ratio Rank: 86

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.

LUTR.L vs. OSTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (LUTR.L) and Osterweis Strategic Income Fund (OSTIX). 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.

	LUTR.L	OSTIX	Difference
Sharpe ratio: Return per unit of total volatility	0.49	2.99	-2.50
Sortino ratio: Return per unit of downside risk	0.77	4.46	-3.69
Omega ratio: Gain probability vs. loss probability	1.09	1.72	-0.63
Calmar ratio: Return relative to maximum drawdown	0.62	3.57	-2.95
Martin ratio: Return relative to average drawdown	1.65	16.16	-14.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LUTR.L vs. OSTIX - Sharpe Ratio Comparison

The current LUTR.L Sharpe Ratio is 0.49, which is lower than the OSTIX Sharpe Ratio of 2.99. The chart below compares the historical Sharpe Ratios of LUTR.L and OSTIX, 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

	LUTR.L	OSTIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.49	2.99	-2.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.37	1.46	-1.83
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.07	1.74	-1.81
Sharpe Ratio (All Time) Calculated using the full available price history	-0.06	2.35	-2.41

Drawdowns

LUTR.L vs. OSTIX - Drawdown Comparison

The maximum LUTR.L drawdown since its inception was -46.52%, which is greater than OSTIX's maximum drawdown of -10.06%. Use the drawdown chart below to compare losses from any high point for LUTR.L and OSTIX.

Drawdown Indicators

	LUTR.L	OSTIX	Difference
Max Drawdown Largest peak-to-trough decline	-46.52%	-10.06%	-36.46%
Max Drawdown (1Y) Largest decline over 1 year	-7.01%	-1.42%	-5.59%
Max Drawdown (3Y) Largest decline over 3 years	-17.06%	-3.27%	-13.79%
Max Drawdown (5Y) Largest decline over 5 years	-40.30%	-9.75%	-30.55%
Max Drawdown (10Y) Largest decline over 10 years	-46.52%	-10.06%	-36.46%
Current Drawdown Current decline from peak	-37.53%	-0.09%	-37.44%
Average Drawdown Average peak-to-trough decline	-20.79%	-0.94%	-19.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	0.31%	+2.32%

Volatility

LUTR.L vs. OSTIX - Volatility Comparison

SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (LUTR.L) has a higher volatility of 3.27% compared to Osterweis Strategic Income Fund (OSTIX) at 0.53%. This indicates that LUTR.L's price experiences larger fluctuations and is considered to be riskier than OSTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LUTR.L	OSTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	0.53%	+2.74%
Volatility (6M) Calculated over the trailing 6-month period	6.09%	1.34%	+4.75%
Volatility (1Y) Calculated over the trailing 1-year period	8.84%	1.69%	+7.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.94%	3.01%	+10.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.27%	2.96%	+10.31%

LUTR.L vs. OSTIX - Expense Ratio Comparison

LUTR.L has a 0.15% expense ratio, which is lower than OSTIX's 0.84% expense ratio.

Dividends

LUTR.L vs. OSTIX - Dividend Comparison

LUTR.L's dividend yield for the trailing twelve months is around 4.63%, less than OSTIX's 4.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LUTR.L SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF	4.63%	4.40%	4.22%	3.13%	2.56%	1.72%	1.91%	3.60%	2.49%	2.61%	1.14%	0.00%
OSTIX Osterweis Strategic Income Fund	4.75%	3.96%	5.25%	5.72%	4.72%	4.03%	3.85%	4.74%	4.66%	4.58%	5.23%	5.98%

Frequently Asked Questions

Can I hold both LUTR.L and OSTIX in my portfolio?

LUTR.L and OSTIX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.