OOSP vs. VGMS

Last updated Apr 1, 2026

Compare and contrast key facts about Obra Opportunistic Structured Products ETF (OOSP) and Vanguard Multi-Sector Income Bond ETF (VGMS).

OOSP and VGMS 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. VGMS is an actively managed fund by Vanguard. It was launched on Jun 9, 2025.

Performance

OOSP vs. VGMS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Obra Opportunistic Structured Products ETF (OOSP) and Vanguard Multi-Sector Income Bond ETF (VGMS). The values are adjusted to include any dividend payments, if applicable.

OOSP vs. VGMS - Yearly Performance Comparison

	2026 (YTD)	2025
OOSP Obra Opportunistic Structured Products ETF	0.96%	4.09%
VGMS Vanguard Multi-Sector Income Bond ETF	-0.28%	5.44%

Returns By Period

In the year-to-date period, OOSP achieves a 0.96% return, which is significantly higher than VGMS's -0.28% return.

OOSP

• 1D: 0.05%
• 1M: -0.41%
• YTD: 0.96%
• 6M: 2.56%
• 1Y: 6.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VGMS

• 1D: 0.79%
• 1M: -1.38%
• YTD: -0.28%
• 6M: 1.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OOSP vs. VGMS - Expense Ratio Comparison

OOSP has a 0.90% expense ratio, which is higher than VGMS's 0.30% expense ratio.

OOSP

Obra Opportunistic Structured Products ETF

VGMS

Vanguard Multi-Sector Income Bond ETF

Return for Risk

OOSP vs. VGMS — Risk / Return Rank

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

OOSP

OOSP Risk / Return Rank: 89
OOSP Sharpe Ratio Rank: 83
OOSP Sortino Ratio Rank: 85
OOSP Omega Ratio Rank: 86
OOSP Calmar Ratio Rank: 96
OOSP Martin Ratio Rank: 94

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. VGMS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Obra Opportunistic Structured Products ETF (OOSP) and Vanguard Multi-Sector Income Bond ETF (VGMS). 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	VGMS	Difference
Sharpe ratio Return per unit of total volatility	1.58	—	—
Sortino ratio Return per unit of downside risk	2.27	—	—
Omega ratio Gain probability vs. loss probability	1.34	—	—
Calmar ratio Return relative to maximum drawdown	4.67	—	—
Martin ratio Return relative to average drawdown	14.23	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	OOSP	VGMS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.28	2.08	+0.19

Correlation

The correlation between OOSP and VGMS is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

OOSP vs. VGMS - Dividend Comparison

OOSP's dividend yield for the trailing twelve months is around 6.58%, more than VGMS's 3.83% yield.

	TTM	2025	2024
OOSP Obra Opportunistic Structured Products ETF	6.58%	6.71%	5.42%
VGMS Vanguard Multi-Sector Income Bond ETF	3.83%	2.94%	0.00%

Drawdowns

OOSP vs. VGMS - Drawdown Comparison

The maximum OOSP drawdown since its inception was -1.31%, smaller than the maximum VGMS drawdown of -2.46%. Use the drawdown chart below to compare losses from any high point for OOSP and VGMS.

Drawdown Indicators

	OOSP	VGMS	Difference
Max Drawdown Largest peak-to-trough decline	-1.31%	-2.46%	+1.15%
Max Drawdown (1Y) Largest decline over 1 year	-1.31%	—	—
Current Drawdown Current decline from peak	-0.65%	-1.51%	+0.86%
Average Drawdown Average peak-to-trough decline	-0.20%	-0.27%	+0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.43%	—	—

Volatility

Volatility by Period

	OOSP	VGMS	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.08%	3.12%	+0.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.34%	3.12%	+0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.34%	3.12%	+0.22%