OBND vs. HTRB

Last updated Jun 23, 2026

OBND (SPDR Loomis Sayles Opportunistic Bond ETF) and HTRB (Hartford Total Return Bond ETF) are both exchange-traded funds - OBND is a Nontraditional Bonds fund actively managed by State Street, while HTRB is a Intermediate Core-Plus Bond fund actively managed by Hartford. Both are actively managed. Over the past 3 years, OBND returned 6.84%/yr vs 4.61%/yr for HTRB. A 0.77 correlation means they provide meaningful diversification when combined. OBND charges 0.55%/yr vs 0.29%/yr for HTRB.

Performance

OBND vs. HTRB - Performance Comparison

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

Returns By Period

In the year-to-date period, OBND achieves a 1.47% return, which is significantly higher than HTRB's 0.41% return.

OBND

• 1D: -0.19%
• 1M: 0.54%
• YTD: 1.47%
• 6M: 1.52%
• 1Y: 6.03%
• 3Y*: 6.84%
• 5Y*: —
• 10Y*: —

HTRB

• 1D: -0.24%
• 1M: 0.67%
• YTD: 0.41%
• 6M: 0.54%
• 1Y: 4.99%
• 3Y*: 4.61%
• 5Y*: 0.34%
• 10Y*: —

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

OBND vs. HTRB - 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%
HTRB Hartford Total Return Bond ETF	0.41%	7.38%	2.35%	7.15%	-14.36%	-0.50%

Correlation

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

Return for Risk

OBND vs. HTRB — Risk / Return Rank

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

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

HTRB

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

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.

OBND vs. HTRB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Loomis Sayles Opportunistic Bond ETF (OBND) and Hartford Total Return Bond ETF (HTRB). 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	HTRB	Difference
Sharpe ratio: Return per unit of total volatility	1.74	1.33	+0.41
Sortino ratio: Return per unit of downside risk	2.59	1.99	+0.60
Omega ratio: Gain probability vs. loss probability	1.33	1.23	+0.09
Calmar ratio: Return relative to maximum drawdown	2.10	1.78	+0.33
Martin ratio: Return relative to average drawdown	9.13	5.00	+4.13

OBND vs. HTRB - Sharpe Ratio Comparison

The current OBND Sharpe Ratio is 1.74, which is higher than the HTRB Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of OBND and HTRB, 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

OBND vs. HTRB - Drawdown Comparison

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

Drawdown Indicators

	OBND	HTRB	Difference
Max Drawdown Largest peak-to-trough decline	-15.86%	-19.48%	+3.62%
Max Drawdown (1Y) Largest decline over 1 year	-2.88%	-2.82%	-0.06%
Max Drawdown (3Y) Largest decline over 3 years	-3.17%	-6.52%	+3.35%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.48%	—
Current Drawdown Current decline from peak	-0.27%	-1.40%	+1.13%
Average Drawdown Average peak-to-trough decline	-4.36%	-4.79%	+0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.66%	1.00%	-0.34%

Volatility

OBND vs. HTRB - Volatility Comparison

SPDR Loomis Sayles Opportunistic Bond ETF (OBND) has a higher volatility of 1.13% compared to Hartford Total Return Bond ETF (HTRB) at 1.05%. This indicates that OBND's price experiences larger fluctuations and is considered to be riskier than HTRB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OBND	HTRB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.13%	1.05%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	2.81%	2.81%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	3.49%	3.78%	-0.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.66%	6.12%	-1.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.66%	5.56%	-0.90%

OBND vs. HTRB - Expense Ratio Comparison

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

Dividends

OBND vs. HTRB - Dividend Comparison

OBND's dividend yield for the trailing twelve months is around 6.27%, more than HTRB's 4.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
HTRB Hartford Total Return Bond ETF	4.63%	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 OBND and HTRB in my portfolio?

OBND and HTRB 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, OBND or HTRB?

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

Which ETF is better, OBND or HTRB?

On 3-year performance, OBND leads with 6.84% vs 4.61% 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, OBND or HTRB?

Over the 3-year period, OBND has performed better with a 6.84% return vs 4.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OBND or HTRB?

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

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

OBND has the higher dividend yield at 6.27%, compared with 4.63% for HTRB.

What is the main difference between OBND and HTRB?

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

Which has better risk-adjusted returns?

OBND currently has the higher Sharpe Ratio (1.74 vs 1.33), 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.