OOSP vs. CARY
Compare and contrast key facts about Obra Opportunistic Structured Products ETF (OOSP) and Angel Oak Income ETF (CARY).
OOSP and CARY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OOSP is an actively managed fund by Obra. It was launched on Apr 8, 2024. CARY is an actively managed fund by Angel Oak. It was launched on Nov 7, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OOSP or CARY.
Correlation
The correlation between OOSP and CARY is 0.21, 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
OOSP vs. CARY - Performance Comparison
Key characteristics
OOSP:
3.06
CARY:
3.14
OOSP:
4.56
CARY:
5.16
OOSP:
1.81
CARY:
1.64
OOSP:
7.88
CARY:
5.21
OOSP:
40.55
CARY:
13.84
OOSP:
0.19%
CARY:
0.63%
OOSP:
2.51%
CARY:
2.79%
OOSP:
-0.97%
CARY:
-1.68%
OOSP:
-0.83%
CARY:
-0.74%
Returns By Period
The year-to-date returns for both investments are quite close, with OOSP having a 1.57% return and CARY slightly higher at 1.64%.
OOSP
1.57%
-0.46%
2.74%
7.72%
N/A
N/A
CARY
1.64%
-0.44%
1.57%
8.41%
N/A
N/A
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OOSP vs. CARY - Expense Ratio Comparison
OOSP has a 0.90% expense ratio, which is higher than CARY's 0.80% expense ratio.
Risk-Adjusted Performance
OOSP vs. CARY — Risk-Adjusted Performance Rank
OOSP
CARY
OOSP vs. CARY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Obra Opportunistic Structured Products ETF (OOSP) and Angel Oak Income ETF (CARY). 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.
Dividends
OOSP vs. CARY - Dividend Comparison
OOSP's dividend yield for the trailing twelve months is around 7.19%, more than CARY's 6.57% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
OOSP Obra Opportunistic Structured Products ETF | 7.19% | 5.41% | 0.00% | 0.00% |
CARY Angel Oak Income ETF | 6.57% | 6.70% | 6.38% | 0.48% |
Drawdowns
OOSP vs. CARY - Drawdown Comparison
The maximum OOSP drawdown since its inception was -0.97%, smaller than the maximum CARY drawdown of -1.68%. Use the drawdown chart below to compare losses from any high point for OOSP and CARY. For additional features, visit the drawdowns tool.
Volatility
OOSP vs. CARY - Volatility Comparison
Obra Opportunistic Structured Products ETF (OOSP) has a higher volatility of 1.05% compared to Angel Oak Income ETF (CARY) at 0.93%. This indicates that OOSP's price experiences larger fluctuations and is considered to be riskier than CARY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.