OBND vs. DIA
OBND (SPDR Loomis Sayles Opportunistic Bond ETF) and DIA (State Street SPDR Dow Jones Industrial Average ETF Trust) are both exchange-traded funds - OBND is a Nontraditional Bonds fund actively managed by State Street, while DIA is a Large Cap Blend Equities fund tracking the Dow Jones Industrial Average. OBND is actively managed, while DIA is passively managed. Over the past 3 years, OBND returned 6.84%/yr vs 17.21%/yr for DIA. At a 0.45 correlation, their price movements are largely independent. OBND charges 0.55%/yr vs 0.16%/yr for DIA.
Performance
OBND vs. DIA - Performance Comparison
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Returns By Period
In the year-to-date period, OBND achieves a 1.47% return, which is significantly lower than DIA's 8.31% return.
OBND
- 1D
- -0.00%
- 1M
- 0.54%
- YTD
- 1.47%
- 6M
- 1.42%
- 1Y
- 5.74%
- 3Y*
- 6.84%
- 5Y*
- —
- 10Y*
- —
DIA
- 1D
- -0.09%
- 1M
- 2.35%
- YTD
- 8.31%
- 6M
- 7.49%
- 1Y
- 23.20%
- 3Y*
- 17.21%
- 5Y*
- 10.52%
- 10Y*
- 13.69%
OBND vs. DIA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OBND SPDR Loomis Sayles Opportunistic Bond ETF | 1.47% | 7.85% | 4.80% | 9.47% | -11.24% | 0.05% |
DIA State Street SPDR Dow Jones Industrial Average ETF Trust | 8.31% | 14.71% | 14.82% | 16.02% | -7.02% | 4.65% |
Correlation
The correlation between OBND and DIA is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021 | 0.45 |
The correlation between OBND and DIA shifts across timeframes, from 0.42 (3 years) to 0.54 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
OBND vs. DIA — Risk / Return Rank
OBND
DIA
OBND vs. DIA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Loomis Sayles Opportunistic Bond ETF (OBND) and State Street SPDR Dow Jones Industrial Average ETF Trust (DIA). 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.
| OBND | DIA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.33 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 2.39 | -0.39 |
| Martin ratioReturn relative to average drawdown | 8.70 | 9.22 | -0.52 |
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Drawdowns
OBND vs. DIA - Drawdown Comparison
The maximum OBND drawdown since its inception was -15.86%, smaller than the maximum DIA drawdown of -51.87%. Use the drawdown chart below to compare losses from any high point for OBND and DIA.
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Drawdown Indicators
| OBND | DIA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.86% | -51.87% | +36.01% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -9.76% | +6.88% |
Max Drawdown (3Y)Largest decline over 3 years | -3.17% | -15.95% | +12.78% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.76% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.70% | — |
Current DrawdownCurrent decline from peak | -0.27% | -0.65% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -7.13% | +2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 2.52% | -1.86% |
Volatility
OBND vs. DIA - Volatility Comparison
The current volatility for SPDR Loomis Sayles Opportunistic Bond ETF (OBND) is 1.13%, while State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) has a volatility of 4.15%. This indicates that OBND experiences smaller price fluctuations and is considered to be less risky than DIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OBND | DIA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 4.15% | -3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 9.76% | -6.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.48% | 12.42% | -8.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.66% | 14.84% | -10.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.66% | 17.53% | -12.87% |
OBND vs. DIA - Expense Ratio Comparison
OBND has a 0.55% expense ratio, which is higher than DIA's 0.16% expense ratio.
Dividends
OBND vs. DIA - Dividend Comparison
OBND's dividend yield for the trailing twelve months is around 6.27%, more than DIA's 1.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIA State Street SPDR Dow Jones Industrial Average ETF Trust | 1.40% | 1.43% | 1.61% | 1.81% | 1.91% | 1.58% | 1.87% | 1.85% | 2.24% | 1.97% | 2.26% | 2.33% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
OBND and DIA have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIA has higher volatility (4.15%) compared to OBND (1.13%). In terms of maximum drawdown, OBND dropped -15.86% vs DIA's -51.87%.
On 3-year performance, DIA leads with 17.21% vs 6.84% for OBND. On fees, DIA is cheaper at 0.16% per year. On volatility, OBND has been the lower-risk option at 1.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DIA has performed better with a 17.21% return vs 6.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIA is cheaper with a 0.16% expense ratio, compared with 0.55% for OBND.
OBND has the higher dividend yield at 6.27%, compared with 1.40% for DIA.
OBND is categorized as Nontraditional Bonds, while DIA is Large Cap Blend Equities. Their fees differ too: 0.55% for OBND and 0.16% for DIA.
DIA currently has the higher Sharpe Ratio (1.88 vs 1.66), 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.
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