WTMF vs. OOSP
WTMF (WisdomTree Managed Futures Strategy Fund) and OOSP (Obra Opportunistic Structured Products ETF) are both exchange-traded funds - WTMF is a Hedge Fund fund tracking the WisdomTree Managed Futures Index, while OOSP is a Multisector Bonds fund actively managed by Obra. WTMF is passively managed, while OOSP is actively managed. Over the past year, WTMF returned 22.55% vs 6.71% for OOSP. At a correlation of -0.08, they often move in opposite directions. WTMF charges 0.65%/yr vs 0.90%/yr for OOSP.
Performance
WTMF vs. OOSP - Performance Comparison
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Returns By Period
In the year-to-date period, WTMF achieves a 8.50% return, which is significantly higher than OOSP's 2.41% return.
WTMF
- 1D
- -0.02%
- 1M
- 1.05%
- YTD
- 8.50%
- 6M
- 8.44%
- 1Y
- 22.55%
- 3Y*
- 9.77%
- 5Y*
- 6.17%
- 10Y*
- 3.26%
OOSP
- 1D
- 0.00%
- 1M
- 0.91%
- YTD
- 2.41%
- 6M
- 2.51%
- 1Y
- 6.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WTMF vs. OOSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WTMF WisdomTree Managed Futures Strategy Fund | 8.50% | 12.17% | -2.84% |
OOSP Obra Opportunistic Structured Products ETF | 2.41% | 7.41% | 6.43% |
Correlation
The correlation between WTMF and OOSP is -0.13, 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 | -0.13 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2024 | -0.08 |
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Return for Risk
WTMF vs. OOSP — Risk / Return Rank
WTMF
OOSP
WTMF vs. OOSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Managed Futures Strategy Fund (WTMF) 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.
| WTMF | OOSP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.38 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 5.61 | 5.13 | +0.48 |
| Martin ratioReturn relative to average drawdown | 25.08 | 19.01 | +6.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WTMF | OOSP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.62 | 1.82 | +0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 2.29 | -2.14 |
Drawdowns
WTMF vs. OOSP - Drawdown Comparison
The maximum WTMF drawdown since its inception was -30.79%, which is greater than OOSP's maximum drawdown of -1.31%. Use the drawdown chart below to compare losses from any high point for WTMF and OOSP.
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Drawdown Indicators
| WTMF | OOSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.79% | -1.31% | -29.48% |
Max Drawdown (1Y)Largest decline over 1 year | -4.04% | -1.31% | -2.73% |
Max Drawdown (3Y)Largest decline over 3 years | -9.93% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.21% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -15.99% | — | — |
Current DrawdownCurrent decline from peak | -0.13% | -0.18% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -17.71% | -0.20% | -17.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.35% | +0.55% |
Volatility
WTMF vs. OOSP - Volatility Comparison
WisdomTree Managed Futures Strategy Fund (WTMF) has a higher volatility of 1.61% compared to Obra Opportunistic Structured Products ETF (OOSP) at 1.23%. This indicates that WTMF's price experiences larger fluctuations and is considered to be riskier than OOSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTMF | OOSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 1.23% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 6.84% | 2.23% | +4.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.63% | 3.71% | +4.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.46% | 3.35% | +6.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.07% | 3.35% | +4.72% |
WTMF vs. OOSP - Expense Ratio Comparison
WTMF has a 0.65% expense ratio, which is lower than OOSP's 0.90% expense ratio.
Dividends
WTMF vs. OOSP - Dividend Comparison
WTMF's dividend yield for the trailing twelve months is around 2.80%, less than OOSP's 6.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
OOSP Obra Opportunistic Structured Products ETF | 6.47% | 6.71% | 5.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WTMF WisdomTree Managed Futures Strategy Fund | 2.80% | 3.04% | 3.57% | 4.74% | 5.29% | 14.71% | 0.47% | 1.63% | 3.59% |
Frequently Asked Questions
WTMF and OOSP have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTMF has higher volatility (1.61%) compared to OOSP (1.23%). In terms of maximum drawdown, WTMF dropped -30.79% vs OOSP's -1.31%.
On 1-year performance, WTMF leads with 22.55% vs 6.71% for OOSP. On fees, WTMF is cheaper at 0.65% per year. On volatility, OOSP has been the lower-risk option at 1.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, WTMF has performed better with a 22.55% return vs 6.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WTMF is cheaper with a 0.65% expense ratio, compared with 0.90% for OOSP.
OOSP has the higher dividend yield at 6.47%, compared with 2.80% for WTMF.
WTMF is categorized as Hedge Fund, while OOSP is Multisector Bonds. They also come from different issuers: WisdomTree and Obra. Their fees differ too: 0.65% for WTMF and 0.90% for OOSP.
WTMF currently has the higher Sharpe Ratio (2.62 vs 1.82), 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.
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