OBND vs. IGEB
Compare and contrast key facts about SPDR Loomis Sayles Opportunistic Bond ETF (OBND) and iShares Investment Grade Bond Factor ETF (IGEB).
OBND and IGEB 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. IGEB is a passively managed fund by iShares that tracks the performance of the BlackRock Investment Grade Enhanced Bond Index. It was launched on Jul 11, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OBND or IGEB.
Correlation
The correlation between OBND and IGEB is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
OBND vs. IGEB - Performance Comparison
Key characteristics
OBND:
1.30
IGEB:
0.66
OBND:
1.85
IGEB:
0.95
OBND:
1.23
IGEB:
1.11
OBND:
1.00
IGEB:
0.33
OBND:
6.45
IGEB:
2.36
OBND:
0.74%
IGEB:
1.53%
OBND:
3.67%
IGEB:
5.51%
OBND:
-15.85%
IGEB:
-21.13%
OBND:
-2.04%
IGEB:
-5.81%
Returns By Period
In the year-to-date period, OBND achieves a 4.16% return, which is significantly higher than IGEB's 2.76% return.
OBND
4.16%
-0.70%
2.69%
4.44%
N/A
N/A
IGEB
2.76%
-0.76%
2.02%
3.27%
1.08%
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
OBND vs. IGEB - Expense Ratio Comparison
OBND has a 0.55% expense ratio, which is higher than IGEB's 0.18% expense ratio.
Risk-Adjusted Performance
OBND vs. IGEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Loomis Sayles Opportunistic Bond ETF (OBND) and iShares Investment Grade Bond Factor ETF (IGEB). 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.
Dividends
OBND vs. IGEB - Dividend Comparison
OBND's dividend yield for the trailing twelve months is around 6.07%, more than IGEB's 5.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
OBND SPDR Loomis Sayles Opportunistic Bond ETF | 6.07% | 6.01% | 4.57% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% |
IGEB iShares Investment Grade Bond Factor ETF | 5.11% | 4.60% | 3.63% | 3.84% | 3.77% | 5.61% | 3.59% | 1.61% |
Drawdowns
OBND vs. IGEB - Drawdown Comparison
The maximum OBND drawdown since its inception was -15.85%, smaller than the maximum IGEB drawdown of -21.13%. Use the drawdown chart below to compare losses from any high point for OBND and IGEB. For additional features, visit the drawdowns tool.
Volatility
OBND vs. IGEB - Volatility Comparison
The current volatility for SPDR Loomis Sayles Opportunistic Bond ETF (OBND) is 1.30%, while iShares Investment Grade Bond Factor ETF (IGEB) has a volatility of 1.80%. This indicates that OBND experiences smaller price fluctuations and is considered to be less risky than IGEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.