VMSB vs. OGSP

Last updated Jun 24, 2026

VMSB (Voya Multi-Sector Income ETF) and OGSP (Obra High Grade Structured Products ETF) are both Multisector Bonds funds. Both are actively managed. At a 0.29 correlation, their price movements are largely independent. VMSB charges 0.45%/yr vs 0.90%/yr for OGSP.

Performance

VMSB vs. OGSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Multi-Sector Income ETF (VMSB) and Obra High Grade Structured Products ETF (OGSP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VMSB achieves a 0.83% return, which is significantly lower than OGSP's 2.00% return.

VMSB

• 1D: 0.27%
• 1M: 0.49%
• YTD: 0.83%
• 6M: 0.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OGSP

• 1D: 0.05%
• 1M: 0.53%
• YTD: 2.00%
• 6M: 2.18%
• 1Y: 5.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VMSB vs. OGSP - Yearly Performance Comparison

	2026 (YTD)	2025
VMSB Voya Multi-Sector Income ETF	0.83%	-0.36%
OGSP Obra High Grade Structured Products ETF	2.00%	0.63%

Correlation

The correlation between VMSB and OGSP is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025	0.29

Return for Risk

VMSB vs. OGSP — Risk / Return Rank

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

VMSB

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

OGSP

OGSP Risk / Return Rank: 96
OGSP Sharpe Ratio Rank: 94
OGSP Sortino Ratio Rank: 96
OGSP Omega Ratio Rank: 98
OGSP Calmar Ratio Rank: 97
OGSP Martin Ratio Rank: 96

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.

VMSB vs. OGSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Multi-Sector Income ETF (VMSB) and Obra High Grade Structured Products ETF (OGSP). 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.

	VMSB	OGSP	Difference
Sharpe ratio: Return per unit of total volatility	—	3.26	—
Sortino ratio: Return per unit of downside risk	—	5.12	—
Omega ratio: Gain probability vs. loss probability	—	2.09	—
Calmar ratio: Return relative to maximum drawdown	—	11.08	—
Martin ratio: Return relative to average drawdown	—	33.85	—

Drawdowns

VMSB vs. OGSP - Drawdown Comparison

The maximum VMSB drawdown since its inception was -2.57%, which is greater than OGSP's maximum drawdown of -0.82%. Use the drawdown chart below to compare losses from any high point for VMSB and OGSP.

Drawdown Indicators

	VMSB	OGSP	Difference
Max Drawdown Largest peak-to-trough decline	-2.57%	-0.82%	-1.75%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.50%	—
Current Drawdown Current decline from peak	-0.56%	-0.05%	-0.51%
Average Drawdown Average peak-to-trough decline	-0.69%	-0.10%	-0.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.16%	—

Volatility

Volatility by Period

	VMSB	OGSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.77%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.80%	1.69%	+2.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.80%	1.92%	+1.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.80%	1.92%	+1.88%

VMSB vs. OGSP - Expense Ratio Comparison

VMSB has a 0.45% expense ratio, which is lower than OGSP's 0.90% expense ratio.

Dividends

VMSB vs. OGSP - Dividend Comparison

VMSB's dividend yield for the trailing twelve months is around 2.35%, less than OGSP's 5.84% yield.

Position	TTM	2025	2024
OGSP Obra High Grade Structured Products ETF	5.84%	5.88%	4.55%
VMSB Voya Multi-Sector Income ETF	2.35%	0.71%	0.00%

Frequently Asked Questions

Can I hold both VMSB and OGSP in my portfolio?

VMSB and OGSP have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VMSB or OGSP?

On fees, VMSB is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VMSB or OGSP?

VMSB is cheaper with a 0.45% expense ratio, compared with 0.90% for OGSP.

Which ETF pays a higher dividend yield, VMSB or OGSP?

OGSP has the higher dividend yield at 5.84%, compared with 2.35% for VMSB.

What is the main difference between VMSB and OGSP?

They also come from different issuers: Voya and Obra. Their fees differ too: 0.45% for VMSB and 0.90% for OGSP.