OGSP vs. USTB
Compare and contrast key facts about Obra High Grade Structured Products ETF (OGSP) and VictoryShares USAA Core Short-Term Bond ETF (USTB).
OGSP and USTB 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. USTB is an actively managed fund by Crestview. It was launched on Oct 24, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OGSP or USTB.
Correlation
The correlation between OGSP and USTB is 0.04, 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.
Performance
OGSP vs. USTB - Performance Comparison
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Key characteristics
OGSP:
3.14
USTB:
3.71
OGSP:
4.77
USTB:
6.24
OGSP:
1.77
USTB:
1.87
OGSP:
7.27
USTB:
10.05
OGSP:
40.53
USTB:
29.44
OGSP:
0.15%
USTB:
0.23%
OGSP:
1.91%
USTB:
1.81%
OGSP:
-0.82%
USTB:
-5.32%
OGSP:
0.00%
USTB:
0.00%
Returns By Period
The year-to-date returns for both investments are quite close, with OGSP having a 2.07% return and USTB slightly higher at 2.13%.
OGSP
2.07%
0.88%
2.72%
5.94%
N/A
N/A
USTB
2.13%
0.57%
2.78%
6.65%
3.56%
N/A
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OGSP vs. USTB - Expense Ratio Comparison
OGSP has a 0.90% expense ratio, which is higher than USTB's 0.34% expense ratio.
Risk-Adjusted Performance
OGSP vs. USTB — Risk-Adjusted Performance Rank
OGSP
USTB
OGSP vs. USTB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Obra High Grade Structured Products ETF (OGSP) and VictoryShares USAA Core Short-Term Bond ETF (USTB). 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.
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Dividends
OGSP vs. USTB - Dividend Comparison
OGSP's dividend yield for the trailing twelve months is around 6.49%, more than USTB's 4.84% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
OGSP Obra High Grade Structured Products ETF | 6.49% | 4.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USTB VictoryShares USAA Core Short-Term Bond ETF | 4.84% | 5.05% | 4.49% | 2.54% | 1.84% | 2.40% | 2.69% | 2.32% | 0.31% |
Drawdowns
OGSP vs. USTB - Drawdown Comparison
The maximum OGSP drawdown since its inception was -0.82%, smaller than the maximum USTB drawdown of -5.32%. Use the drawdown chart below to compare losses from any high point for OGSP and USTB. For additional features, visit the drawdowns tool.
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Volatility
OGSP vs. USTB - Volatility Comparison
Obra High Grade Structured Products ETF (OGSP) has a higher volatility of 0.54% compared to VictoryShares USAA Core Short-Term Bond ETF (USTB) at 0.48%. This indicates that OGSP's price experiences larger fluctuations and is considered to be riskier than USTB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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