OOSP vs. CTEC

Last updated Jun 5, 2026

OOSP (Obra Opportunistic Structured Products ETF) and CTEC (Global X CleanTech ETF) are both exchange-traded funds - OOSP is a Multisector Bonds fund actively managed by Obra, while CTEC is a Alternative Energy Equities fund tracking the Indxx Global CleanTech Index. OOSP is actively managed, while CTEC is passively managed. Over the past year, OOSP returned 6.66% vs 130.53% for CTEC. At a correlation of -0.10, they often move in opposite directions. OOSP charges 0.90%/yr vs 0.50%/yr for CTEC.

Performance

OOSP vs. CTEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Obra Opportunistic Structured Products ETF (OOSP) and Global X CleanTech ETF (CTEC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OOSP achieves a 2.41% return, which is significantly lower than CTEC's 42.92% return.

OOSP

• 1D: 0.00%
• 1M: 0.51%
• YTD: 2.41%
• 6M: 2.82%
• 1Y: 6.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CTEC

• 1D: -0.04%
• 1M: 7.37%
• YTD: 42.92%
• 6M: 34.82%
• 1Y: 130.53%
• 3Y*: 2.12%
• 5Y*: -3.60%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

OOSP vs. CTEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
OOSP Obra Opportunistic Structured Products ETF	2.41%	7.41%	6.43%
CTEC Global X CleanTech ETF	42.92%	57.85%	-25.49%

Correlation

The correlation between OOSP and CTEC is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.16
Correlation (All Time) Calculated using the full available price history since Apr 11, 2024	-0.10

Return for Risk

OOSP vs. CTEC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OOSP

OOSP Risk / Return Rank: 69
OOSP Sharpe Ratio Rank: 53
OOSP Sortino Ratio Rank: 55
OOSP Omega Ratio Rank: 62
OOSP Calmar Ratio Rank: 88
OOSP Martin Ratio Rank: 88

CTEC

CTEC Risk / Return Rank: 91
CTEC Sharpe Ratio Rank: 95
CTEC Sortino Ratio Rank: 90
CTEC Omega Ratio Rank: 86
CTEC Calmar Ratio Rank: 94
CTEC Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OOSP vs. CTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Obra Opportunistic Structured Products ETF (OOSP) and Global X CleanTech ETF (CTEC). 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.

	OOSP	CTEC	Difference
Sharpe ratio: Return per unit of total volatility	1.80	3.76	-1.96
Sortino ratio: Return per unit of downside risk	2.62	4.12	-1.51
Omega ratio: Gain probability vs. loss probability	1.37	1.52	-0.15
Calmar ratio: Return relative to maximum drawdown	5.09	7.45	-2.36
Martin ratio: Return relative to average drawdown	18.85	19.38	-0.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OOSP vs. CTEC - Sharpe Ratio Comparison

The current OOSP Sharpe Ratio is 1.80, which is lower than the CTEC Sharpe Ratio of 3.76. The chart below compares the historical Sharpe Ratios of OOSP and CTEC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OOSP	CTEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.80	3.76	-1.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.28	0.01	+2.28

Drawdowns

OOSP vs. CTEC - Drawdown Comparison

The maximum OOSP drawdown since its inception was -1.31%, smaller than the maximum CTEC drawdown of -81.58%. Use the drawdown chart below to compare losses from any high point for OOSP and CTEC.

Drawdown Indicators

	OOSP	CTEC	Difference
Max Drawdown Largest peak-to-trough decline	-1.31%	-81.58%	+80.27%
Max Drawdown (1Y) Largest decline over 1 year	-1.31%	-17.62%	+16.31%
Max Drawdown (3Y) Largest decline over 3 years	—	-65.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-76.46%	—
Current Drawdown Current decline from peak	-0.18%	-45.78%	+45.60%
Average Drawdown Average peak-to-trough decline	-0.20%	-52.38%	+52.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.35%	6.76%	-6.41%

Volatility

OOSP vs. CTEC - Volatility Comparison

The current volatility for Obra Opportunistic Structured Products ETF (OOSP) is 1.17%, while Global X CleanTech ETF (CTEC) has a volatility of 10.93%. This indicates that OOSP experiences smaller price fluctuations and is considered to be less risky than CTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OOSP	CTEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.17%	10.93%	-9.76%
Volatility (6M) Calculated over the trailing 6-month period	2.23%	23.73%	-21.50%
Volatility (1Y) Calculated over the trailing 1-year period	3.71%	34.93%	-31.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.35%	36.38%	-33.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.35%	37.75%	-34.40%

OOSP vs. CTEC - Expense Ratio Comparison

OOSP has a 0.90% expense ratio, which is higher than CTEC's 0.50% expense ratio.

Dividends

OOSP vs. CTEC - Dividend Comparison

OOSP's dividend yield for the trailing twelve months is around 6.47%, more than CTEC's 0.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
CTEC Global X CleanTech ETF	0.52%	0.75%	1.56%	0.51%	0.25%	0.39%	0.02%
OOSP Obra Opportunistic Structured Products ETF	6.47%	6.71%	5.42%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OOSP and CTEC in my portfolio?

OOSP and CTEC have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OOSP or CTEC?

CTEC has higher volatility (10.93%) compared to OOSP (1.17%). In terms of maximum drawdown, OOSP dropped -1.31% vs CTEC's -81.58%.

Which ETF is better, OOSP or CTEC?

On 1-year performance, CTEC leads with 130.53% vs 6.66% for OOSP. On fees, CTEC is cheaper at 0.50% per year. On volatility, OOSP has been the lower-risk option at 1.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OOSP or CTEC?

Over the 1-year period, CTEC has performed better with a 130.53% return vs 6.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OOSP or CTEC?

CTEC is cheaper with a 0.50% expense ratio, compared with 0.90% for OOSP.

Which ETF pays a higher dividend yield, OOSP or CTEC?

OOSP has the higher dividend yield at 6.47%, compared with 0.52% for CTEC.

What is the main difference between OOSP and CTEC?

OOSP is categorized as Multisector Bonds, while CTEC is Alternative Energy Equities. They also come from different issuers: Obra and Global X. Their fees differ too: 0.90% for OOSP and 0.50% for CTEC.

Which has better risk-adjusted returns?

CTEC currently has the higher Sharpe Ratio (3.76 vs 1.80), 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.