OBND vs. RYSE

Last updated Apr 1, 2026

Compare and contrast key facts about SPDR Loomis Sayles Opportunistic Bond ETF (OBND) and Cboe Vest 10 Year Interest Rate Hedge ETF (RYSE).

OBND and RYSE 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 State Street. It was launched on Sep 27, 2021. RYSE is an actively managed fund by Vest. It was launched on Feb 2, 2023.

Performance

OBND vs. RYSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Loomis Sayles Opportunistic Bond ETF (OBND) and Cboe Vest 10 Year Interest Rate Hedge ETF (RYSE). The values are adjusted to include any dividend payments, if applicable.

OBND vs. RYSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
OBND SPDR Loomis Sayles Opportunistic Bond ETF	-0.60%	7.85%	4.80%	4.50%
RYSE Cboe Vest 10 Year Interest Rate Hedge ETF	2.52%	-3.09%	12.46%	9.32%

Returns By Period

In the year-to-date period, OBND achieves a -0.60% return, which is significantly lower than RYSE's 2.52% return.

OBND

• 1D: 0.80%
• 1M: -1.78%
• YTD: -0.60%
• 6M: 0.50%
• 1Y: 5.23%
• 3Y*: 6.11%
• 5Y*: —
• 10Y*: —

RYSE

• 1D: 0.00%
• 1M: 7.97%
• YTD: 2.52%
• 6M: 5.48%
• 1Y: 4.31%
• 3Y*: 6.72%
• 5Y*: —
• 10Y*: —

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

OBND vs. RYSE - Expense Ratio Comparison

OBND has a 0.55% expense ratio, which is lower than RYSE's 0.85% expense ratio.

RYSE

Cboe Vest 10 Year Interest Rate Hedge ETF

OBND

SPDR Loomis Sayles Opportunistic Bond ETF

Return for Risk

OBND vs. RYSE — Risk / Return Rank

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

OBND

OBND Risk / Return Rank: 73
OBND Sharpe Ratio Rank: 76
OBND Sortino Ratio Rank: 77
OBND Omega Ratio Rank: 72
OBND Calmar Ratio Rank: 70
OBND Martin Ratio Rank: 69

RYSE

RYSE Risk / Return Rank: 19
RYSE Sharpe Ratio Rank: 22
RYSE Sortino Ratio Rank: 21
RYSE Omega Ratio Rank: 19
RYSE Calmar Ratio Rank: 17
RYSE Martin Ratio Rank: 15

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. RYSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Loomis Sayles Opportunistic Bond ETF (OBND) and Cboe Vest 10 Year Interest Rate Hedge ETF (RYSE). 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	RYSE	Difference
Sharpe ratio Return per unit of total volatility	1.42	0.34	+1.08
Sortino ratio Return per unit of downside risk	2.02	0.58	+1.44
Omega ratio Gain probability vs. loss probability	1.27	1.06	+0.21
Calmar ratio Return relative to maximum drawdown	1.84	0.25	+1.60
Martin ratio Return relative to average drawdown	7.17	0.50	+6.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OBND vs. RYSE - Sharpe Ratio Comparison

The current OBND Sharpe Ratio is 1.42, which is higher than the RYSE Sharpe Ratio of 0.34. The chart below compares the historical Sharpe Ratios of OBND and RYSE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	OBND	RYSE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.42	0.34	+1.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.43	-0.01

Correlation

The correlation between OBND and RYSE is -0.72. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

OBND vs. RYSE - Dividend Comparison

OBND's dividend yield for the trailing twelve months is around 6.34%, more than RYSE's 1.37% yield.

	TTM	2025	2024	2023	2022	2021
OBND SPDR Loomis Sayles Opportunistic Bond ETF	6.34%	6.26%	6.53%	6.01%	4.56%	0.55%
RYSE Cboe Vest 10 Year Interest Rate Hedge ETF	1.37%	1.86%	2.58%	24.91%	0.00%	0.00%

Drawdowns

OBND vs. RYSE - Drawdown Comparison

The maximum OBND drawdown since its inception was -15.86%, smaller than the maximum RYSE drawdown of -19.70%. Use the drawdown chart below to compare losses from any high point for OBND and RYSE.

Drawdown Indicators

	OBND	RYSE	Difference
Max Drawdown Largest peak-to-trough decline	-15.86%	-19.70%	+3.84%
Max Drawdown (1Y) Largest decline over 1 year	-2.88%	-8.23%	+5.35%
Current Drawdown Current decline from peak	-1.85%	-7.83%	+5.98%
Average Drawdown Average peak-to-trough decline	-4.56%	-9.25%	+4.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.74%	4.06%	-3.32%

Volatility

OBND vs. RYSE - Volatility Comparison

The current volatility for SPDR Loomis Sayles Opportunistic Bond ETF (OBND) is 1.89%, while Cboe Vest 10 Year Interest Rate Hedge ETF (RYSE) has a volatility of 4.62%. This indicates that OBND experiences smaller price fluctuations and is considered to be less risky than RYSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OBND	RYSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.89%	4.62%	-2.73%
Volatility (6M) Calculated over the trailing 6-month period	2.45%	8.01%	-5.56%
Volatility (1Y) Calculated over the trailing 1-year period	3.71%	12.88%	-9.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.69%	15.33%	-10.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.69%	15.33%	-10.64%