OOSP vs. CDX
Compare and contrast key facts about Obra Opportunistic Structured Products ETF (OOSP) and Simplify High Yield PLUS Credit Hedge ETF (CDX).
OOSP and CDX 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. CDX is an actively managed fund by Simplify. It was launched on Feb 14, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OOSP or CDX.
Correlation
The correlation between OOSP and CDX is 0.09, 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. CDX - Performance Comparison
Key characteristics
OOSP:
3.06
CDX:
0.80
OOSP:
4.56
CDX:
1.27
OOSP:
1.81
CDX:
1.26
OOSP:
7.88
CDX:
1.50
OOSP:
40.55
CDX:
7.93
OOSP:
0.19%
CDX:
1.68%
OOSP:
2.51%
CDX:
16.68%
OOSP:
-0.97%
CDX:
-13.24%
OOSP:
-0.83%
CDX:
-7.51%
Returns By Period
In the year-to-date period, OOSP achieves a 1.57% return, which is significantly lower than CDX's 6.71% return.
OOSP
1.57%
-0.46%
2.74%
7.72%
N/A
N/A
CDX
6.71%
0.52%
4.87%
13.49%
N/A
N/A
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OOSP vs. CDX - Expense Ratio Comparison
OOSP has a 0.90% expense ratio, which is higher than CDX's 0.26% expense ratio.
Risk-Adjusted Performance
OOSP vs. CDX — Risk-Adjusted Performance Rank
OOSP
CDX
OOSP vs. CDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Obra Opportunistic Structured Products ETF (OOSP) and Simplify High Yield PLUS Credit Hedge ETF (CDX). 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. CDX - Dividend Comparison
OOSP's dividend yield for the trailing twelve months is around 7.19%, less than CDX's 11.50% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
OOSP Obra Opportunistic Structured Products ETF | 7.19% | 5.41% | 0.00% | 0.00% |
CDX Simplify High Yield PLUS Credit Hedge ETF | 11.50% | 12.60% | 5.26% | 7.51% |
Drawdowns
OOSP vs. CDX - Drawdown Comparison
The maximum OOSP drawdown since its inception was -0.97%, smaller than the maximum CDX drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for OOSP and CDX. For additional features, visit the drawdowns tool.
Volatility
OOSP vs. CDX - Volatility Comparison
The current volatility for Obra Opportunistic Structured Products ETF (OOSP) is 1.05%, while Simplify High Yield PLUS Credit Hedge ETF (CDX) has a volatility of 15.40%. This indicates that OOSP experiences smaller price fluctuations and is considered to be less risky than CDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.