OBND vs. GLDB
OBND (SPDR Loomis Sayles Opportunistic Bond ETF) and GLDB (Strategy Shares Gold-Hedged Bond ETF) are both Nontraditional Bonds funds. OBND is actively managed, while GLDB is passively managed. At a 0.36 correlation, their price movements are largely independent. OBND charges 0.55%/yr vs 0.79%/yr for GLDB.
Performance
OBND vs. GLDB - Performance Comparison
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Returns By Period
In the year-to-date period, OBND achieves a 1.31% return, which is significantly higher than GLDB's -7.90% return.
OBND
- 1D
- -0.23%
- 1M
- 0.37%
- YTD
- 1.31%
- 6M
- 1.22%
- 1Y
- 6.61%
- 3Y*
- 6.89%
- 5Y*
- —
- 10Y*
- —
GLDB
- 1D
- -2.17%
- 1M
- -7.55%
- YTD
- -7.90%
- 6M
- -6.06%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OBND vs. GLDB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OBND SPDR Loomis Sayles Opportunistic Bond ETF | 1.31% | 0.49% |
GLDB Strategy Shares Gold-Hedged Bond ETF | -7.90% | -3.51% |
Correlation
The correlation between OBND and GLDB is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025 | 0.36 |
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Return for Risk
OBND vs. GLDB — Risk / Return Rank
OBND
GLDB
OBND vs. GLDB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Loomis Sayles Opportunistic Bond ETF (OBND) and Strategy Shares Gold-Hedged Bond ETF (GLDB). 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.
| OBND | GLDB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.37 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | — | — |
| Martin ratioReturn relative to average drawdown | 10.09 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OBND | GLDB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.97 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | -0.45 | +0.95 |
Drawdowns
OBND vs. GLDB - Drawdown Comparison
The maximum OBND drawdown since its inception was -15.86%, smaller than the maximum GLDB drawdown of -27.36%. Use the drawdown chart below to compare losses from any high point for OBND and GLDB.
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Drawdown Indicators
| OBND | GLDB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.86% | -27.36% | +11.50% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.17% | — | — |
Current DrawdownCurrent decline from peak | -0.29% | -26.71% | +26.42% |
Average DrawdownAverage peak-to-trough decline | -4.41% | -13.44% | +9.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | — | — |
Volatility
OBND vs. GLDB - Volatility Comparison
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Volatility by Period
| OBND | GLDB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.68% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 39.96% | -36.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.66% | 39.96% | -35.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.66% | 39.96% | -35.30% |
OBND vs. GLDB - Expense Ratio Comparison
OBND has a 0.55% expense ratio, which is lower than GLDB's 0.79% expense ratio.
Dividends
OBND vs. GLDB - Dividend Comparison
OBND's dividend yield for the trailing twelve months is around 6.28%, more than GLDB's 0.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GLDB Strategy Shares Gold-Hedged Bond ETF | 0.21% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% |
OBND SPDR Loomis Sayles Opportunistic Bond ETF | 6.28% | 6.26% | 6.53% | 6.01% | 4.56% | 0.55% |
Frequently Asked Questions
OBND and GLDB have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
OBND is cheaper with a 0.55% expense ratio, compared with 0.79% for GLDB.
OBND has the higher dividend yield at 6.28%, compared with 0.21% for GLDB.
They also come from different issuers: State Street and Strategy Shares. Their fees differ too: 0.55% for OBND and 0.79% for GLDB.
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