OGSP vs. COM

Last updated Aug 4, 2026

OGSP (Obra High Grade Structured Products ETF) and COM (Direxion Auspice Broad Commodity Strategy ETF) are both exchange-traded funds - OGSP is a Multisector Bonds fund actively managed by Obra, while COM is a Commodities fund tracking the Auspice Broad Commodity ER Index. OGSP is actively managed, while COM is passively managed. Over the past year, OGSP returned 5.25% vs 25.71% for COM. Their -0.05 correlation means they have often moved in opposite directions in the past. OGSP charges 0.90%/yr vs 0.70%/yr for COM.

Performance

OGSP vs. COM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Obra High Grade Structured Products ETF (OGSP) and Direxion Auspice Broad Commodity Strategy ETF (COM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OGSP achieves a 2.52% return, which is significantly lower than COM's 15.98% return.

OGSP

• 1D: 0.00%
• 1M: 0.33%
• 6M: 2.18%
• YTD: 2.52%
• 1Y: 5.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.03%

COM

• 1D: -0.01%
• 1M: 3.62%
• 6M: 12.15%
• YTD: 15.98%
• 1Y: 25.71%
• 3Y*: 8.10%
• 5Y*: 8.38%
• 10Y*: —
• ALL TIME*: 7.03%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
COM Direxion Auspice Broad Commodity Strategy ETF	$1.46M	$1.65M	$5.10M
OGSP Obra High Grade Structured Products ETF	$202.98	$1.55K	$2.49K

OGSP vs. COM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
OGSP Obra High Grade Structured Products ETF	2.52%	6.22%	5.15%
COM Direxion Auspice Broad Commodity Strategy ETF	15.98%	7.72%	-0.82%

Correlation

The correlation between OGSP and COM is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.12
Correlation (All Time) Calculated using the full available price history since Apr 10, 2024	-0.05

Return for Risk

OGSP vs. COM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

OGSP

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

COM

COM Risk / Return Rank: 88
COM Sharpe Ratio Rank: 93
COM Sortino Ratio Rank: 92
COM Omega Ratio Rank: 93
COM Calmar Ratio Rank: 86
COM Martin Ratio Rank: 78

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

OGSP vs. COM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Obra High Grade Structured Products ETF (OGSP) and Direxion Auspice Broad Commodity Strategy ETF (COM). 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	COM	Difference
Sharpe ratio: Return per unit of total volatility	3.45	2.57	+0.88
Sortino ratio: Return per unit of downside risk	5.49	3.50	+2.00
Omega ratio: Gain probability vs. loss probability	2.18	1.49	+0.69
Calmar ratio: Return relative to maximum drawdown	11.87	3.38	+8.49
Martin ratio: Return relative to average drawdown	33.75	10.17	+23.59

OGSP vs. COM - Sharpe Ratio Comparison

The current OGSP Sharpe Ratio is 3.45, which is higher than the COM Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of OGSP and COM, 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. COM - Drawdown Comparison

The maximum OGSP drawdown since its inception was -0.82%, smaller than the maximum COM drawdown of -15.95%. Use the drawdown chart below to compare losses from any high point for OGSP and COM.

Drawdown Indicators

	OGSP	COM	Difference
Max Drawdown Largest peak-to-trough decline	-0.82%	-15.95%	+15.13%
Max Drawdown (1Y) Largest decline over 1 year	-0.44%	-7.63%	+7.19%
Max Drawdown (3Y) Largest decline over 3 years	—	-8.50%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.02%	—
Current Drawdown Current decline from peak	0.00%	-3.70%	+3.70%
Average Drawdown Average peak-to-trough decline	-0.09%	-6.26%	+6.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.16%	2.54%	-2.38%

Volatility

OGSP vs. COM - Volatility Comparison

The current volatility for Obra High Grade Structured Products ETF (OGSP) is 0.29%, while Direxion Auspice Broad Commodity Strategy ETF (COM) has a volatility of 2.00%. This indicates that OGSP experiences smaller price fluctuations and is considered to be less risky than COM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OGSP	COM	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.29%	2.00%	-1.71%
Volatility (6M) Calculated over the trailing 6-month period	0.71%	7.48%	-6.77%
Volatility (1Y) Calculated over the trailing 1-year period	1.53%	10.08%	-8.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.88%	9.44%	-7.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.88%	9.73%	-7.85%

OGSP vs. COM - Expense Ratio Comparison

OGSP has a 0.90% expense ratio, which is higher than COM's 0.70% expense ratio.

Dividends

OGSP vs. COM - Dividend Comparison

OGSP's dividend yield for the trailing twelve months is around 5.86%, more than COM's 2.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
COM Direxion Auspice Broad Commodity Strategy ETF	2.51%	2.99%	3.88%	3.80%	8.59%	10.32%	0.13%	1.09%	2.36%	0.09%
OGSP Obra High Grade Structured Products ETF	5.86%	5.88%	4.55%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OGSP and COM in my portfolio?

OGSP and COM have a correlation of -0.12, 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 COM?

COM has higher volatility (2.00%) compared to OGSP (0.29%). In terms of maximum drawdown, OGSP dropped -0.82% vs COM's -15.95%.

Which ETF is better, OGSP or COM?

On 1-year performance, COM leads with 25.71% vs 5.25% for OGSP. On fees, COM is cheaper at 0.70% per year. On volatility, OGSP has been the lower-risk option at 0.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OGSP or COM?

Over the 1-year period, COM has performed better with a 25.71% return vs 5.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OGSP or COM?

COM is cheaper with a 0.70% expense ratio, compared with 0.90% for OGSP.

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

OGSP has the higher dividend yield at 5.86%, compared with 2.51% for COM.

What is the main difference between OGSP and COM?

OGSP is categorized as Multisector Bonds, while COM is Commodities. They also come from different issuers: Obra and Direxion. Their fees differ too: 0.90% for OGSP and 0.70% for COM.

Which has better risk-adjusted returns?

OGSP currently has the higher Sharpe Ratio (3.45 vs 2.57), 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.