OGSP vs. STIP
Compare and contrast key facts about Obra High Grade Structured Products ETF (OGSP) and iShares 0-5 Year TIPS Bond ETF (STIP).
OGSP and STIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OGSP is an actively managed fund by Obra. It was launched on Apr 8, 2024. STIP is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Dec 1, 2010.
Performance
OGSP vs. STIP - Performance Comparison
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OGSP vs. STIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
OGSP Obra High Grade Structured Products ETF | 0.63% | 6.22% | 5.00% |
STIP iShares 0-5 Year TIPS Bond ETF | 1.02% | 6.03% | 4.18% |
Returns By Period
In the year-to-date period, OGSP achieves a 0.63% return, which is significantly lower than STIP's 1.02% return.
OGSP
- 1D
- 0.05%
- 1M
- -0.18%
- YTD
- 0.63%
- 6M
- 2.25%
- 1Y
- 5.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
STIP
- 1D
- 0.05%
- 1M
- 0.11%
- YTD
- 1.02%
- 6M
- 1.38%
- 1Y
- 3.99%
- 3Y*
- 4.69%
- 5Y*
- 3.49%
- 10Y*
- 3.11%
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OGSP vs. STIP - Expense Ratio Comparison
OGSP has a 0.90% expense ratio, which is higher than STIP's 0.06% expense ratio.
Return for Risk
OGSP vs. STIP — Risk / Return Rank
OGSP
STIP
OGSP vs. STIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Obra High Grade Structured Products ETF (OGSP) and iShares 0-5 Year TIPS Bond ETF (STIP). 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.
| OGSP | STIP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.66 | 2.19 | +0.47 |
Sortino ratioReturn per unit of downside risk | 4.00 | 3.34 | +0.66 |
Omega ratioGain probability vs. loss probability | 1.76 | 1.47 | +0.29 |
Calmar ratioReturn relative to maximum drawdown | 6.51 | 4.30 | +2.21 |
Martin ratioReturn relative to average drawdown | 26.37 | 14.63 | +11.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OGSP | STIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.66 | 2.19 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.27 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.04 | 1.05 | +1.99 |
Correlation
The correlation between OGSP and STIP is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
OGSP vs. STIP - Dividend Comparison
OGSP's dividend yield for the trailing twelve months is around 5.88%, more than STIP's 3.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
OGSP Obra High Grade Structured Products ETF | 5.88% | 5.88% | 4.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
STIP iShares 0-5 Year TIPS Bond ETF | 3.93% | 4.11% | 2.62% | 2.84% | 6.04% | 4.15% | 1.40% | 2.06% | 2.44% | 1.59% | 0.89% |
Drawdowns
OGSP vs. STIP - Drawdown Comparison
The maximum OGSP drawdown since its inception was -0.82%, smaller than the maximum STIP drawdown of -5.50%. Use the drawdown chart below to compare losses from any high point for OGSP and STIP.
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Drawdown Indicators
| OGSP | STIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.82% | -5.50% | +4.68% |
Max Drawdown (1Y)Largest decline over 1 year | -0.82% | -0.95% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.50% | — |
Current DrawdownCurrent decline from peak | -0.26% | -0.24% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -1.00% | +0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 0.28% | -0.08% |
Volatility
OGSP vs. STIP - Volatility Comparison
The current volatility for Obra High Grade Structured Products ETF (OGSP) is 0.31%, while iShares 0-5 Year TIPS Bond ETF (STIP) has a volatility of 0.59%. This indicates that OGSP experiences smaller price fluctuations and is considered to be less risky than STIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OGSP | STIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.31% | 0.59% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 1.16% | 0.97% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.01% | 1.83% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.00% | 2.76% | -0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.00% | 2.45% | -0.45% |