OGSP vs. BLUI

Last updated Jun 24, 2026

OGSP (Obra High Grade Structured Products ETF) and BLUI (Bluemonte Diversified Income ETF) are both Multisector Bonds funds. Over the past year, OGSP returned 5.47% vs 7.60% for BLUI. At a 0.21 correlation, their price movements are largely independent. OGSP charges 0.90%/yr vs 0.75%/yr for BLUI.

Performance

OGSP vs. BLUI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Obra High Grade Structured Products ETF (OGSP) and Bluemonte Diversified Income ETF (BLUI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OGSP achieves a 2.00% return, which is significantly lower than BLUI's 3.65% return.

OGSP

• 1D: 0.05%
• 1M: 0.53%
• YTD: 2.00%
• 6M: 2.18%
• 1Y: 5.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BLUI

• 1D: 0.34%
• 1M: 0.03%
• YTD: 3.65%
• 6M: 3.78%
• 1Y: 7.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OGSP vs. BLUI - Yearly Performance Comparison

	2026 (YTD)	2025
OGSP Obra High Grade Structured Products ETF	2.00%	3.51%
BLUI Bluemonte Diversified Income ETF	3.65%	3.60%

Correlation

The correlation between OGSP and BLUI is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (All Time) Calculated using the full available price history since Jun 23, 2025	0.21

Return for Risk

OGSP vs. BLUI — Risk / Return Rank

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

OGSP

OGSP Risk / Return Rank: 96
OGSP Sharpe Ratio Rank: 94
OGSP Sortino Ratio Rank: 96
OGSP Omega Ratio Rank: 98
OGSP Calmar Ratio Rank: 97
OGSP Martin Ratio Rank: 96

BLUI

BLUI Risk / Return Rank: 71
BLUI Sharpe Ratio Rank: 66
BLUI Sortino Ratio Rank: 70
BLUI Omega Ratio Rank: 72
BLUI Calmar Ratio Rank: 69
BLUI Martin Ratio Rank: 78

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.

OGSP vs. BLUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Obra High Grade Structured Products ETF (OGSP) and Bluemonte Diversified Income ETF (BLUI). 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.

	OGSP	BLUI	Difference
Sharpe ratio: Return per unit of total volatility	3.26	1.96	+1.30
Sortino ratio: Return per unit of downside risk	5.12	2.88	+2.24
Omega ratio: Gain probability vs. loss probability	2.09	1.38	+0.71
Calmar ratio: Return relative to maximum drawdown	11.08	3.14	+7.94
Martin ratio: Return relative to average drawdown	33.85	13.68	+20.17

OGSP vs. BLUI - Sharpe Ratio Comparison

The current OGSP Sharpe Ratio is 3.26, which is higher than the BLUI Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of OGSP and BLUI, 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

OGSP vs. BLUI - Drawdown Comparison

The maximum OGSP drawdown since its inception was -0.82%, smaller than the maximum BLUI drawdown of -2.43%. Use the drawdown chart below to compare losses from any high point for OGSP and BLUI.

Drawdown Indicators

	OGSP	BLUI	Difference
Max Drawdown Largest peak-to-trough decline	-0.82%	-2.43%	+1.61%
Max Drawdown (1Y) Largest decline over 1 year	-0.50%	-2.43%	+1.93%
Current Drawdown Current decline from peak	-0.05%	-0.13%	+0.08%
Average Drawdown Average peak-to-trough decline	-0.10%	-0.36%	+0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.16%	0.56%	-0.40%

Volatility

OGSP vs. BLUI - Volatility Comparison

The current volatility for Obra High Grade Structured Products ETF (OGSP) is 0.33%, while Bluemonte Diversified Income ETF (BLUI) has a volatility of 1.07%. This indicates that OGSP experiences smaller price fluctuations and is considered to be less risky than BLUI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OGSP	BLUI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.33%	1.07%	-0.74%
Volatility (6M) Calculated over the trailing 6-month period	0.77%	3.08%	-2.31%
Volatility (1Y) Calculated over the trailing 1-year period	1.69%	3.91%	-2.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.92%	3.91%	-1.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.92%	3.91%	-1.99%

OGSP vs. BLUI - Expense Ratio Comparison

OGSP has a 0.90% expense ratio, which is higher than BLUI's 0.75% expense ratio.

Dividends

OGSP vs. BLUI - Dividend Comparison

OGSP's dividend yield for the trailing twelve months is around 5.84%, more than BLUI's 4.70% yield.

Position	TTM	2025	2024
BLUI Bluemonte Diversified Income ETF	4.70%	2.91%	0.00%
OGSP Obra High Grade Structured Products ETF	5.84%	5.88%	4.55%

Frequently Asked Questions

Can I hold both OGSP and BLUI in my portfolio?

OGSP and BLUI have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OGSP or BLUI?

BLUI has higher volatility (1.07%) compared to OGSP (0.33%). In terms of maximum drawdown, OGSP dropped -0.82% vs BLUI's -2.43%.

Which ETF is better, OGSP or BLUI?

On 1-year performance, BLUI leads with 7.60% vs 5.47% for OGSP. On fees, BLUI is cheaper at 0.75% per year. On volatility, OGSP has been the lower-risk option at 0.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OGSP or BLUI?

Over the 1-year period, BLUI has performed better with a 7.60% return vs 5.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OGSP or BLUI?

BLUI is cheaper with a 0.75% expense ratio, compared with 0.90% for OGSP.

Which ETF pays a higher dividend yield, OGSP or BLUI?

OGSP has the higher dividend yield at 5.84%, compared with 4.70% for BLUI.

What is the main difference between OGSP and BLUI?

They also come from different issuers: Obra and Bluemonte. Their fees differ too: 0.90% for OGSP and 0.75% for BLUI.

Which has better risk-adjusted returns?

OGSP currently has the higher Sharpe Ratio (3.26 vs 1.96), 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.