XAGG.TO vs. OOSP

Last updated Jun 4, 2026

XAGG.TO (iShares U.S. Aggregate Bond Index ETF) and OOSP (Obra Opportunistic Structured Products ETF) are both exchange-traded funds - XAGG.TO is a Total Bond Market fund tracking the Bloomberg US Aggregate Bond Index, while OOSP is a Multisector Bonds fund actively managed by Obra. XAGG.TO is passively managed, while OOSP is actively managed. Over the past year, XAGG.TO returned 5.87% vs 8.09% for OOSP. At a 0.37 correlation, their price movements are largely independent. XAGG.TO charges 0.10%/yr vs 0.90%/yr for OOSP.

Performance

XAGG.TO vs. OOSP - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares U.S. Aggregate Bond Index ETF (XAGG.TO) and Obra Opportunistic Structured Products ETF (OOSP). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XAGG.TO is traded in CAD, while OOSP is traded in USD. To make them comparable, the OOSP values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XAGG.TO achieves a 0.76% return, which is significantly lower than OOSP's 3.72% return.

XAGG.TO

• 1D: 0.00%
• 1M: 1.87%
• YTD: 0.76%
• 6M: -0.88%
• 1Y: 5.87%
• 3Y*: 4.71%
• 5Y*: —
• 10Y*: —

OOSP

• 1D: 0.41%
• 1M: 2.92%
• YTD: 3.72%
• 6M: 2.12%
• 1Y: 8.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XAGG.TO vs. OOSP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XAGG.TO iShares U.S. Aggregate Bond Index ETF	0.76%	1.84%	9.43%
OOSP Obra Opportunistic Structured Products ETF	3.72%	2.48%	11.87%

Correlation

The correlation between XAGG.TO and OOSP is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (All Time) Calculated using the full available price history since Apr 11, 2024	0.37

Return for Risk

XAGG.TO vs. OOSP — Risk / Return Rank

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

XAGG.TO

XAGG.TO Risk / Return Rank: 33
XAGG.TO Sharpe Ratio Rank: 34
XAGG.TO Sortino Ratio Rank: 35
XAGG.TO Omega Ratio Rank: 33
XAGG.TO Calmar Ratio Rank: 36
XAGG.TO Martin Ratio Rank: 27

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.

XAGG.TO vs. OOSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Aggregate Bond Index ETF (XAGG.TO) 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.

	XAGG.TO	OOSP	Difference
Sharpe ratio Return per unit of total volatility	1.22	1.38	-0.17
Sortino ratio Return per unit of downside risk	1.83	2.00	-0.17
Omega ratio Gain probability vs. loss probability	1.22	1.25	-0.03
Calmar ratio Return relative to maximum drawdown	1.75	2.48	-0.72
Martin ratio Return relative to average drawdown	3.67	6.93	-3.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XAGG.TO vs. OOSP - Sharpe Ratio Comparison

The current XAGG.TO Sharpe Ratio is 1.22, which is comparable to the OOSP Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of XAGG.TO and OOSP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XAGG.TO	OOSP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	1.38	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	1.40	-1.18

Drawdowns

XAGG.TO vs. OOSP - Drawdown Comparison

The maximum XAGG.TO drawdown since its inception was -12.43%, which is greater than OOSP's maximum drawdown of -4.98%. Use the drawdown chart below to compare losses from any high point for XAGG.TO and OOSP.

Drawdown Indicators

	XAGG.TO	OOSP	Difference
Max Drawdown Largest peak-to-trough decline	-12.43%	-4.98%	-7.45%
Max Drawdown (1Y) Largest decline over 1 year	-4.06%	-3.28%	-0.78%
Max Drawdown (3Y) Largest decline over 3 years	-6.98%	—	—
Current Drawdown Current decline from peak	-2.01%	0.00%	-2.01%
Average Drawdown Average peak-to-trough decline	-4.36%	-1.31%	-3.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.56%	1.17%	+2.39%

Volatility

XAGG.TO vs. OOSP - Volatility Comparison

iShares U.S. Aggregate Bond Index ETF (XAGG.TO) has a higher volatility of 1.83% compared to Obra Opportunistic Structured Products ETF (OOSP) at 1.41%. This indicates that XAGG.TO'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.

Volatility by Period

	XAGG.TO	OOSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.83%	1.41%	+0.42%
Volatility (6M) Calculated over the trailing 6-month period	4.22%	4.03%	+0.19%
Volatility (1Y) Calculated over the trailing 1-year period	5.87%	5.87%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.62%	6.05%	+3.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.62%	6.05%	+3.57%

XAGG.TO vs. OOSP - Expense Ratio Comparison

XAGG.TO has a 0.10% expense ratio, which is lower than OOSP's 0.90% expense ratio.

Dividends

XAGG.TO vs. OOSP - Dividend Comparison

XAGG.TO's dividend yield for the trailing twelve months is around 4.10%, less than OOSP's 6.47% yield.

Position	TTM	2025	2024	2023	2022	2021
OOSP Obra Opportunistic Structured Products ETF	6.47%	6.71%	5.42%	0.00%	0.00%	0.00%
XAGG.TO iShares U.S. Aggregate Bond Index ETF	4.10%	3.86%	3.07%	2.59%	1.67%	1.04%

Frequently Asked Questions

Can I hold both XAGG.TO and OOSP in my portfolio?

XAGG.TO and OOSP have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XAGG.TO or OOSP?

On fees, XAGG.TO is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XAGG.TO or OOSP?

XAGG.TO is cheaper with a 0.10% expense ratio, compared with 0.90% for OOSP.

What is the main difference between XAGG.TO and OOSP?

XAGG.TO is categorized as Total Bond Market, while OOSP is Multisector Bonds. They also come from different issuers: iShares and Obra. Their fees differ too: 0.10% for XAGG.TO and 0.90% for OOSP.