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OBND vs. SPHY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between OBND and SPHY is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Performance

OBND vs. SPHY - Performance Comparison

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

2.00%4.00%6.00%8.00%10.00%12.00%14.00%December2025FebruaryMarchAprilMay
3.34%
11.96%
OBND
SPHY

Key characteristics

Sharpe Ratio

OBND:

1.60

SPHY:

1.41

Sortino Ratio

OBND:

2.23

SPHY:

2.01

Omega Ratio

OBND:

1.29

SPHY:

1.30

Calmar Ratio

OBND:

1.72

SPHY:

1.56

Martin Ratio

OBND:

6.54

SPHY:

8.25

Ulcer Index

OBND:

0.90%

SPHY:

0.92%

Daily Std Dev

OBND:

3.79%

SPHY:

5.53%

Max Drawdown

OBND:

-15.85%

SPHY:

-21.97%

Current Drawdown

OBND:

-0.99%

SPHY:

-1.00%

Returns By Period

In the year-to-date period, OBND achieves a 1.47% return, which is significantly higher than SPHY's 1.21% return.


OBND

YTD

1.47%

1M

1.87%

6M

1.53%

1Y

6.01%

5Y*

N/A

10Y*

N/A

SPHY

YTD

1.21%

1M

4.05%

6M

1.09%

1Y

7.78%

5Y*

6.58%

10Y*

4.55%

*Annualized

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OBND vs. SPHY - Expense Ratio Comparison

OBND has a 0.55% expense ratio, which is higher than SPHY's 0.10% expense ratio.


Risk-Adjusted Performance

OBND vs. SPHY — Risk-Adjusted Performance Rank

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

OBND
The Risk-Adjusted Performance Rank of OBND is 9191
Overall Rank
The Sharpe Ratio Rank of OBND is 9292
Sharpe Ratio Rank
The Sortino Ratio Rank of OBND is 9292
Sortino Ratio Rank
The Omega Ratio Rank of OBND is 9090
Omega Ratio Rank
The Calmar Ratio Rank of OBND is 9292
Calmar Ratio Rank
The Martin Ratio Rank of OBND is 8989
Martin Ratio Rank

SPHY
The Risk-Adjusted Performance Rank of SPHY is 9090
Overall Rank
The Sharpe Ratio Rank of SPHY is 9090
Sharpe Ratio Rank
The Sortino Ratio Rank of SPHY is 8989
Sortino Ratio Rank
The Omega Ratio Rank of SPHY is 9090
Omega Ratio Rank
The Calmar Ratio Rank of SPHY is 9090
Calmar Ratio Rank
The Martin Ratio Rank of SPHY is 9191
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

OBND vs. SPHY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Loomis Sayles Opportunistic Bond ETF (OBND) and SPDR Portfolio High Yield Bond ETF (SPHY). 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.


The current OBND Sharpe Ratio is 1.60, which is comparable to the SPHY Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of OBND and SPHY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50December2025FebruaryMarchAprilMay
1.60
1.41
OBND
SPHY

Dividends

OBND vs. SPHY - Dividend Comparison

OBND's dividend yield for the trailing twelve months is around 6.46%, less than SPHY's 7.78% yield.


TTM20242023202220212020201920182017201620152014
OBND
SPDR Loomis Sayles Opportunistic Bond ETF
6.46%6.52%6.01%4.57%0.55%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPHY
SPDR Portfolio High Yield Bond ETF
7.78%7.80%7.30%6.47%5.14%5.63%5.73%4.09%4.41%4.27%4.29%3.98%

Drawdowns

OBND vs. SPHY - Drawdown Comparison

The maximum OBND drawdown since its inception was -15.85%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for OBND and SPHY. For additional features, visit the drawdowns tool.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%December2025FebruaryMarchAprilMay
-0.99%
-1.00%
OBND
SPHY

Volatility

OBND vs. SPHY - Volatility Comparison

The current volatility for SPDR Loomis Sayles Opportunistic Bond ETF (OBND) is 1.45%, while SPDR Portfolio High Yield Bond ETF (SPHY) has a volatility of 3.42%. This indicates that OBND experiences smaller price fluctuations and is considered to be less risky than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%December2025FebruaryMarchAprilMay
1.45%
3.42%
OBND
SPHY