SFYX vs. OOSP

Last updated Jun 4, 2026

SFYX (SoFi Next 500 ETF) and OOSP (Obra Opportunistic Structured Products ETF) are both exchange-traded funds - SFYX is a Mid Cap Growth Equities fund tracking the Solactive SoFi US Next 500 Growth Index, while OOSP is a Multisector Bonds fund actively managed by Obra. SFYX is passively managed, while OOSP is actively managed. At a correlation of -0.07, they often move in opposite directions. SFYX charges 0.00%/yr vs 0.90%/yr for OOSP.

Performance

SFYX vs. OOSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SoFi Next 500 ETF (SFYX) and Obra Opportunistic Structured Products ETF (OOSP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SFYX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OOSP

• 1D: 0.00%
• 1M: 0.91%
• YTD: 2.41%
• 6M: 2.51%
• 1Y: 6.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SFYX vs. OOSP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SFYX SoFi Next 500 ETF	5.66%	14.25%	7.24%
OOSP Obra Opportunistic Structured Products ETF	2.41%	7.41%	6.43%

Correlation

The correlation between SFYX and OOSP is -0.11, 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	-0.11
Correlation (All Time) Calculated using the full available price history since Apr 11, 2024	-0.07

Return for Risk

SFYX vs. OOSP — Risk / Return Rank

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

OOSP

OOSP Risk / Return Rank: 68
OOSP Sharpe Ratio Rank: 52
OOSP Sortino Ratio Rank: 54
OOSP Omega Ratio Rank: 61
OOSP Calmar Ratio Rank: 88
OOSP Martin Ratio Rank: 87

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.

SFYX vs. OOSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SoFi Next 500 ETF (SFYX) and Obra Opportunistic Structured Products ETF (OOSP). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SFYX	OOSP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	2.29	—

Drawdowns

Drawdown Indicators

	SFYX	OOSP	Difference
Max Drawdown Largest peak-to-trough decline	—	-1.31%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-1.31%	—
Current Drawdown Current decline from peak	—	-0.18%	—
Average Drawdown Average peak-to-trough decline	—	-0.20%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.35%	—

Volatility

Volatility by Period

	SFYX	OOSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.23%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	3.71%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	3.35%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	3.35%	—

SFYX vs. OOSP - Expense Ratio Comparison

SFYX has a 0.00% expense ratio, which is lower than OOSP's 0.90% expense ratio.

Dividends

SFYX vs. OOSP - Dividend Comparison

SFYX's dividend yield for the trailing twelve months is around 1.36%, less than OOSP's 6.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
OOSP Obra Opportunistic Structured Products ETF	6.47%	6.71%	5.42%	0.00%	0.00%	0.00%	0.00%	0.00%
SFYX SoFi Next 500 ETF	1.36%	1.44%	1.25%	1.51%	1.56%	0.90%	1.16%	1.02%

Frequently Asked Questions

Can I hold both SFYX and OOSP in my portfolio?

SFYX and OOSP have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SFYX or OOSP?

On fees, SFYX is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SFYX or OOSP?

SFYX is cheaper with a 0.00% expense ratio, compared with 0.90% for OOSP.

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

OOSP has the higher dividend yield at 6.47%, compared with 1.36% for SFYX.

What is the main difference between SFYX and OOSP?

SFYX is categorized as Mid Cap Growth Equities, while OOSP is Multisector Bonds. They also come from different issuers: Toroso Investments and Obra. Their fees differ too: 0.00% for SFYX and 0.90% for OOSP.