TPRY vs. OMAH

Last updated Jul 12, 2026

TPRY (VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF) and OMAH (VistaShares Target 15™ Berkshire Select Income ETF) are both Derivative Income funds from VistaShares. TPRY is passively managed, while OMAH is actively managed. At a 0.07 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.

Performance

TPRY vs. OMAH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF (TPRY) and VistaShares Target 15™ Berkshire Select Income ETF (OMAH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TPRY

• 1D: 0.76%
• 1M: 1.97%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OMAH

• 1D: 0.05%
• 1M: 2.12%
• 6M: 7.83%
• YTD: 8.64%
• 1Y: 12.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TPRY vs. OMAH - Yearly Performance Comparison

	2026 (YTD)
TPRY VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF	5.94%
OMAH VistaShares Target 15™ Berkshire Select Income ETF	8.50%

Correlation

The correlation between TPRY and OMAH is 0.07, 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 (All Time) Calculated using the full available price history since Feb 26, 2026	0.07

Return for Risk

TPRY vs. OMAH — Risk / Return Rank

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

TPRY

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

OMAH

OMAH Risk / Return Rank: 62
OMAH Sharpe Ratio Rank: 54
OMAH Sortino Ratio Rank: 53
OMAH Omega Ratio Rank: 50
OMAH Calmar Ratio Rank: 88
OMAH Martin Ratio Rank: 66

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.

TPRY vs. OMAH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF (TPRY) and VistaShares Target 15™ Berkshire Select Income ETF (OMAH). 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.

	TPRY	OMAH	Difference
Sharpe ratio: Return per unit of total volatility	—	1.48	—
Sortino ratio: Return per unit of downside risk	—	2.09	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	4.03	—
Martin ratio: Return relative to average drawdown	—	9.49	—

Drawdowns

TPRY vs. OMAH - Drawdown Comparison

The maximum TPRY drawdown since its inception was -11.32%, roughly equal to the maximum OMAH drawdown of -11.83%. Use the drawdown chart below to compare losses from any high point for TPRY and OMAH.

Drawdown Indicators

	TPRY	OMAH	Difference
Max Drawdown Largest peak-to-trough decline	-11.32%	-11.83%	+0.51%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.00%	—
Current Drawdown Current decline from peak	-2.98%	-0.42%	-2.56%
Average Drawdown Average peak-to-trough decline	-3.29%	-1.25%	-2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.28%	—

Volatility

Volatility by Period

	TPRY	OMAH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.73%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.81%	—
Volatility (1Y) Calculated over the trailing 1-year period	28.28%	8.20%	+20.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.28%	12.93%	+15.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.28%	12.93%	+15.35%

TPRY vs. OMAH - Expense Ratio Comparison

Both TPRY and OMAH have an expense ratio of 0.95%.

Dividends

TPRY vs. OMAH - Dividend Comparison

TPRY's dividend yield for the trailing twelve months is around 4.91%, less than OMAH's 15.02% yield.

Position	TTM	2025
OMAH VistaShares Target 15™ Berkshire Select Income ETF	15.02%	12.86%
TPRY VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF	4.91%	0.00%

Frequently Asked Questions

Can I hold both TPRY and OMAH in my portfolio?

TPRY and OMAH have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TPRY or OMAH?

Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TPRY or OMAH?

TPRY and OMAH have the same expense ratio: 0.95% per year.

Which ETF pays a higher dividend yield, TPRY or OMAH?

OMAH has the higher dividend yield at 15.02%, compared with 4.91% for TPRY.