OOSP vs. EWS
OOSP (Obra Opportunistic Structured Products ETF) and EWS (iShares MSCI Singapore ETF) are both exchange-traded funds - OOSP is a Multisector Bonds fund actively managed by Obra, while EWS is a Asia Pacific Equities fund tracking the MSCI Singapore Index. OOSP is actively managed, while EWS is passively managed. Over the past year, OOSP returned 6.13% vs 18.15% for EWS. At a 0.02 correlation, their price movements are largely independent. OOSP charges 0.90%/yr vs 0.50%/yr for EWS.
Performance
OOSP vs. EWS - Performance Comparison
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Returns By Period
In the year-to-date period, OOSP achieves a 2.31% return, which is significantly lower than EWS's 5.96% return.
OOSP
- 1D
- 0.00%
- 1M
- 0.28%
- YTD
- 2.31%
- 6M
- 2.41%
- 1Y
- 6.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EWS
- 1D
- 0.07%
- 1M
- 0.24%
- YTD
- 5.96%
- 6M
- 7.68%
- 1Y
- 18.15%
- 3Y*
- 20.28%
- 5Y*
- 8.93%
- 10Y*
- 7.88%
OOSP vs. EWS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
OOSP Obra Opportunistic Structured Products ETF | 2.31% | 7.41% | 6.27% |
EWS iShares MSCI Singapore ETF | 5.96% | 31.35% | 22.17% |
Correlation
The correlation between OOSP and EWS is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2024 | 0.02 |
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Return for Risk
OOSP vs. EWS — Risk / Return Rank
OOSP
EWS
OOSP vs. EWS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Obra Opportunistic Structured Products ETF (OOSP) and iShares MSCI Singapore ETF (EWS). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| OOSP | EWS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.21 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.89 | 2.24 | +2.65 |
| Martin ratioReturn relative to average drawdown | 18.06 | 5.40 | +12.65 |
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Drawdowns
OOSP vs. EWS - Drawdown Comparison
The maximum OOSP drawdown since its inception was -1.31%, smaller than the maximum EWS drawdown of -75.13%. Use the drawdown chart below to compare losses from any high point for OOSP and EWS.
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Drawdown Indicators
| OOSP | EWS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.31% | -75.13% | +73.82% |
Max Drawdown (1Y)Largest decline over 1 year | -1.31% | -7.82% | +6.51% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.34% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.84% | — |
Current DrawdownCurrent decline from peak | -0.28% | -2.77% | +2.49% |
Average DrawdownAverage peak-to-trough decline | -0.20% | -21.98% | +21.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 3.23% | -2.88% |
Volatility
OOSP vs. EWS - Volatility Comparison
The current volatility for Obra Opportunistic Structured Products ETF (OOSP) is 0.82%, while iShares MSCI Singapore ETF (EWS) has a volatility of 5.05%. This indicates that OOSP experiences smaller price fluctuations and is considered to be less risky than EWS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OOSP | EWS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 5.05% | -4.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.17% | 12.11% | -9.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 15.24% | -11.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.33% | 17.34% | -14.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.33% | 18.04% | -14.71% |
OOSP vs. EWS - Expense Ratio Comparison
OOSP has a 0.90% expense ratio, which is higher than EWS's 0.50% expense ratio.
Dividends
OOSP vs. EWS - Dividend Comparison
OOSP's dividend yield for the trailing twelve months is around 6.48%, more than EWS's 3.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWS iShares MSCI Singapore ETF | 3.87% | 4.10% | 4.28% | 6.50% | 2.56% | 6.00% | 2.68% | 4.70% | 4.21% | 3.46% | 3.96% | 4.20% |
OOSP Obra Opportunistic Structured Products ETF | 6.48% | 6.71% | 5.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
OOSP and EWS have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWS has higher volatility (5.05%) compared to OOSP (0.82%). In terms of maximum drawdown, OOSP dropped -1.31% vs EWS's -75.13%.
On 1-year performance, EWS leads with 18.15% vs 6.13% for OOSP. On fees, EWS is cheaper at 0.50% per year. On volatility, OOSP has been the lower-risk option at 0.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EWS has performed better with a 18.15% return vs 6.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EWS is cheaper with a 0.50% expense ratio, compared with 0.90% for OOSP.
OOSP has the higher dividend yield at 6.48%, compared with 3.87% for EWS.
OOSP is categorized as Multisector Bonds, while EWS is Asia Pacific Equities. They also come from different issuers: Obra and iShares. Their fees differ too: 0.90% for OOSP and 0.50% for EWS.
OOSP currently has the higher Sharpe Ratio (1.75 vs 1.15), 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.
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