OOSP vs VYM
OOSP vs VYM
Obra Opportunistic Structured Products ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | OOSP | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.64% | 0.04% | |
| AUM | $151M | $79.0B | |
| Dividend Yield | 6.96% | 2.86% | |
| Holdings | 103 | 568 | |
| YTD Return | +3.41% | +15.80% | |
| 1Y Return | +6.25% | +26.12% | |
| 3Y Return (annualized) | - | +18.25% | |
| 5Y Return (annualized) | - | +12.51% | |
| Volatility (annualized) | 1.4% | 14.6% | |
| Max Drawdown | -1.3% | -58.8% | |
| Fund Family | Obra Fund Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Apr 9, 2024 | Nov 10, 2006 |
OOSP vs VYM Performance
Obra Opportunistic Structured Products ETF (OOSP) is a ETF from Obra Fund Management and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year OOSP returned +6.25% while VYM returned +26.12%. Year to date, OOSP is up 3.41% versus a gain of 15.80% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 1.4% for OOSP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -1.3% for OOSP and -58.8% for VYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OOSP charges 0.64% per year while VYM charges 0.04%. On a $10,000 position that is $64 vs $4 annually, a gap of $60 per year that compounds over a long holding period. On income, OOSP currently yields 6.96% against 2.86% for VYM.
Holdings Overlap
OOSP and VYM share 0 holdings out of 560 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, OOSP or VYM?
OOSP has an expense ratio of 0.64% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $60 per year of difference.
Which performed better, OOSP or VYM?
Over the past year OOSP returned +6.25% vs +26.12% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), OOSP annualized +7.20% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, OOSP or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 1.4% for OOSP. Worst drawdown: OOSP -1.3% vs VYM -58.8%.
Should I hold both OOSP and VYM?
OOSP and VYM have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OOSP and VYM?
OOSP and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 560 unique securities.
Which pays a higher dividend, OOSP or VYM?
OOSP yields 6.96% while VYM yields 2.86%, so OOSP currently pays the higher dividend yield.
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