OGSP vs. IBIC
OGSP (Obra High Grade Structured Products ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - OGSP is a Multisector Bonds fund actively managed by Obra, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. OGSP is actively managed, while IBIC is passively managed. Over the past year, OGSP returned 5.25% vs 4.12% for IBIC. Their 0.02 correlation means their historical movements had little consistent relationship. OGSP charges 0.90%/yr vs 0.10%/yr for IBIC.
Performance
OGSP vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, OGSP achieves a 2.52% return, which is significantly lower than IBIC's 2.67% return.
OGSP
- 1D
- 0.00%
- 1M
- 0.33%
- 6M
- 2.18%
- YTD
- 2.52%
- 1Y
- 5.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.03%
IBIC
- 1D
- -0.02%
- 1M
- 0.22%
- 6M
- 2.43%
- YTD
- 2.67%
- 1Y
- 4.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.04M | $841.31K | $530.52K | |
| $202.98 | $1.55K | $2.49K |
OGSP vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
OGSP Obra High Grade Structured Products ETF | 2.52% | 6.22% | 5.15% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.67% | 4.96% | 4.16% |
Correlation
The correlation between OGSP and IBIC is -0.11, 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. | -0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2024 | 0.02 |
The correlation between OGSP and IBIC shifts across timeframes, from -0.11 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OGSP vs. IBIC — Risk / Return Rank
OGSP
IBIC
OGSP vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Obra High Grade Structured Products ETF (OGSP) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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 | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -2.79 | ||
| Omega ratioGain probability vs. loss probability | 2.18 | 2.12 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 11.87 | 15.46 | -3.59 |
| Martin ratioReturn relative to average drawdown | 33.75 | 52.95 | -19.20 |
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Drawdowns
OGSP vs. IBIC - Drawdown Comparison
The maximum OGSP drawdown since its inception was -0.82%, smaller than the maximum IBIC drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for OGSP and IBIC.
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Drawdown Indicators
| OGSP | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.82% | -0.90% | +0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -0.44% | -0.27% | -0.17% |
Current DrawdownCurrent decline from peak | 0.00% | -0.08% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -0.10% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.16% | 0.08% | +0.08% |
Volatility
OGSP vs. IBIC - Volatility Comparison
Obra High Grade Structured Products ETF (OGSP) has a higher volatility of 0.29% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.23%. This indicates that OGSP's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OGSP | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.29% | 0.23% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 0.71% | 0.69% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.53% | 0.89% | +0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.88% | 1.54% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.88% | 1.54% | +0.34% |
OGSP vs. IBIC - Expense Ratio Comparison
OGSP has a 0.90% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
OGSP vs. IBIC - Dividend Comparison
OGSP's dividend yield for the trailing twelve months is around 5.86%, more than IBIC's 4.62% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 4.62% | 4.43% | 4.65% | 0.83% |
OGSP Obra High Grade Structured Products ETF | 5.86% | 5.88% | 4.55% | 0.00% |
Frequently Asked Questions
OGSP and IBIC have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OGSP has higher volatility (0.29%) compared to IBIC (0.23%). In terms of maximum drawdown, OGSP dropped -0.82% vs IBIC's -0.90%.
On 1-year performance, OGSP leads with 5.25% vs 4.12% for IBIC. On fees, IBIC is cheaper at 0.10% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, OGSP has performed better with a 5.25% return vs 4.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.90% for OGSP.
OGSP has the higher dividend yield at 5.86%, compared with 4.62% for IBIC.
OGSP is categorized as Multisector Bonds, while IBIC is Inflation-Protected Bonds. They also come from different issuers: Obra and iShares. Their fees differ too: 0.90% for OGSP and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.67 vs 3.45), 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.
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