RYSE vs. OBND

Last updated Aug 4, 2026

RYSE (Vest 10 Year Interest Rate Hedge ETF) and OBND (SPDR Loomis Sayles Opportunistic Bond ETF) are both Nontraditional Bonds funds. Both are actively managed. Over the past 3 years, RYSE returned 2.10%/yr vs 6.47%/yr for OBND. Their -0.68 correlation means they have often moved in opposite directions in the past. RYSE charges 0.85%/yr vs 0.55%/yr for OBND.

Performance

RYSE vs. OBND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vest 10 Year Interest Rate Hedge ETF (RYSE) and SPDR Loomis Sayles Opportunistic Bond ETF (OBND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYSE achieves a 2.52% return, which is significantly higher than OBND's 1.00% return.

RYSE

• 1D: 0.00%
• 1M: 0.00%
• 6M: 1.04%
• YTD: 2.52%
• 1Y: 5.23%
• 3Y*: 2.10%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.88%

OBND

• 1D: 0.33%
• 1M: -0.72%
• 6M: 0.37%
• YTD: 1.00%
• 1Y: 3.85%
• 3Y*: 6.47%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 2.17%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
OBND SPDR Loomis Sayles Opportunistic Bond ETF	$228.22K	$184.21K	$162.77K
RYSE Vest 10 Year Interest Rate Hedge ETF	$0.00	$0.00	$0.00

RYSE vs. OBND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RYSE Vest 10 Year Interest Rate Hedge ETF	2.52%	-3.09%	12.46%	9.32%
OBND SPDR Loomis Sayles Opportunistic Bond ETF	1.00%	7.85%	4.80%	4.47%

Correlation

The correlation between RYSE and OBND is -0.53, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.53
Correlation (3Y) Balances recent behavior with more history.	-0.69
Correlation (All Time) Calculated using the full available price history since Feb 3, 2023	-0.68

The correlation between RYSE and OBND shifts across timeframes, from -0.69 (3 years) to -0.53 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

RYSE vs. OBND — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RYSE

RYSE Risk / Return Rank: 25
RYSE Sharpe Ratio Rank: 25
RYSE Sortino Ratio Rank: 24
RYSE Omega Ratio Rank: 26
RYSE Calmar Ratio Rank: 24
RYSE Martin Ratio Rank: 25

OBND

OBND Risk / Return Rank: 40
OBND Sharpe Ratio Rank: 41
OBND Sortino Ratio Rank: 41
OBND Omega Ratio Rank: 39
OBND Calmar Ratio Rank: 36
OBND Martin Ratio Rank: 45

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RYSE vs. OBND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vest 10 Year Interest Rate Hedge ETF (RYSE) and SPDR Loomis Sayles Opportunistic Bond ETF (OBND). 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.

	RYSE	OBND	Difference
Sharpe ratio: Return per unit of total volatility	0.58	1.10	-0.52
Sortino ratio: Return per unit of downside risk	0.92	1.63	-0.70
Omega ratio: Gain probability vs. loss probability	1.13	1.20	-0.07
Calmar ratio: Return relative to maximum drawdown	0.74	1.34	-0.60
Martin ratio: Return relative to average drawdown	2.07	5.47	-3.39

RYSE vs. OBND - Sharpe Ratio Comparison

The current RYSE Sharpe Ratio is 0.58, which is lower than the OBND Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of RYSE and OBND, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RYSE vs. OBND - Drawdown Comparison

The maximum RYSE drawdown since its inception was -19.70%, which is greater than OBND's maximum drawdown of -15.86%. Use the drawdown chart below to compare losses from any high point for RYSE and OBND.

Drawdown Indicators

	RYSE	OBND	Difference
Max Drawdown Largest peak-to-trough decline	-19.70%	-15.86%	-3.84%
Max Drawdown (1Y) Largest decline over 1 year	-7.06%	-2.88%	-4.18%
Max Drawdown (3Y) Largest decline over 3 years	-19.70%	-3.08%	-16.62%
Current Drawdown Current decline from peak	-7.83%	-0.88%	-6.95%
Average Drawdown Average peak-to-trough decline	-9.11%	-4.27%	-4.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	0.71%	+1.82%

Volatility

RYSE vs. OBND - Volatility Comparison

The current volatility for Vest 10 Year Interest Rate Hedge ETF (RYSE) is 0.00%, while SPDR Loomis Sayles Opportunistic Bond ETF (OBND) has a volatility of 0.97%. This indicates that RYSE experiences smaller price fluctuations and is considered to be less risky than OBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYSE	OBND	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	0.97%	-0.97%
Volatility (6M) Calculated over the trailing 6-month period	5.77%	2.91%	+2.86%
Volatility (1Y) Calculated over the trailing 1-year period	9.06%	3.51%	+5.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.56%	4.63%	+9.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.56%	4.63%	+9.93%

RYSE vs. OBND - Expense Ratio Comparison

RYSE has a 0.85% expense ratio, which is higher than OBND's 0.55% expense ratio.

Dividends

RYSE vs. OBND - Dividend Comparison

RYSE's dividend yield for the trailing twelve months is around 0.93%, less than OBND's 6.44% yield.

Position	TTM	2025	2024	2023	2022	2021
OBND SPDR Loomis Sayles Opportunistic Bond ETF	6.44%	6.26%	6.53%	6.01%	4.56%	0.55%
RYSE Vest 10 Year Interest Rate Hedge ETF	0.93%	1.86%	2.58%	24.91%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RYSE and OBND in my portfolio?

RYSE and OBND have a correlation of -0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYSE or OBND?

OBND has higher volatility (0.97%) compared to RYSE (0.00%). In terms of maximum drawdown, RYSE dropped -19.70% vs OBND's -15.86%.

Which ETF is better, RYSE or OBND?

On 3-year performance, OBND leads with 6.47% vs 2.10% for RYSE. On fees, OBND is cheaper at 0.55% per year. On volatility, RYSE has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RYSE or OBND?

Over the 3-year period, OBND has performed better with a 6.47% return vs 2.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RYSE or OBND?

OBND is cheaper with a 0.55% expense ratio, compared with 0.85% for RYSE.

Which ETF pays a higher dividend yield, RYSE or OBND?

OBND has the higher dividend yield at 6.44%, compared with 0.93% for RYSE.

What is the main difference between RYSE and OBND?

They also come from different issuers: Vest and State Street. Their fees differ too: 0.85% for RYSE and 0.55% for OBND.

Which has better risk-adjusted returns?

OBND currently has the higher Sharpe Ratio (1.10 vs 0.58), 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.