Correlation
The correlation between OBND and HTRB is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
OBND vs. HTRB
Compare and contrast key facts about SPDR Loomis Sayles Opportunistic Bond ETF (OBND) and Hartford Total Return Bond ETF (HTRB).
OBND and HTRB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OBND is an actively managed fund by SPDR. It was launched on Sep 27, 2021. HTRB is an actively managed fund by The Hartford. It was launched on Sep 27, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OBND or HTRB.
Performance
OBND vs. HTRB - Performance Comparison
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Key characteristics
OBND:
1.91
HTRB:
1.05
OBND:
2.64
HTRB:
1.53
OBND:
1.35
HTRB:
1.19
OBND:
2.05
HTRB:
0.54
OBND:
7.73
HTRB:
2.34
OBND:
0.91%
HTRB:
2.47%
OBND:
3.80%
HTRB:
5.38%
OBND:
-15.86%
HTRB:
-19.48%
OBND:
0.00%
HTRB:
-5.20%
Returns By Period
In the year-to-date period, OBND achieves a 2.50% return, which is significantly higher than HTRB's 2.23% return.
OBND
2.50%
1.02%
1.48%
6.90%
4.22%
N/A
N/A
HTRB
2.23%
0.17%
0.66%
5.20%
2.27%
-0.17%
N/A
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OBND vs. HTRB - Expense Ratio Comparison
OBND has a 0.55% expense ratio, which is higher than HTRB's 0.29% expense ratio.
Risk-Adjusted Performance
OBND vs. HTRB — Risk-Adjusted Performance Rank
OBND
HTRB
OBND vs. HTRB - Risk-Adjusted Performance 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.
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Dividends
OBND vs. HTRB - Dividend Comparison
OBND's dividend yield for the trailing twelve months is around 6.40%, more than HTRB's 4.52% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
OBND SPDR Loomis Sayles Opportunistic Bond ETF | 6.40% | 6.53% | 6.01% | 4.56% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% |
HTRB Hartford Total Return Bond ETF | 4.52% | 4.45% | 3.87% | 3.08% | 4.22% | 4.52% | 6.30% | 2.37% | 0.67% |
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.
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Volatility
OBND vs. HTRB - Volatility Comparison
The current volatility for SPDR Loomis Sayles Opportunistic Bond ETF (OBND) is 0.93%, while Hartford Total Return Bond ETF (HTRB) has a volatility of 1.64%. This indicates that OBND experiences smaller price fluctuations and is considered to be less risky than HTRB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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