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ETFs

SPDR Loomis Sayles Opportunistic Bond ETF

OBND
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 27 2021
Expense Ratio
0.55%
Type
US Bonds
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$10,445
AUM
$34,949,311
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
US Dollar 0
9.36%
n/a
U S TREASURY NOTES 0.125 07/15/2023
6.79%
OAUT5277581
ODART 20211A A 144A 0.87 07/14/2028
1.62%
CS/24A
Credit Suisse AG (New York) Branch - 4.75% NT REDEEM 09/08/2024 USD 250000
1.33%
n/a
UniCredit Notes 2019-02.04.34 -144A- Floating Rate
1.32%
VO71
Standard Chartered plc - FXDFR BD REDEEM 09/01/2027 USD 200000 - 144A
1.13%
HSBC25E
HSBC Holdings plc - FXDFR NT REDEEM 09/12/2025 USD 200000
1.09%
n/a
BANK OF AMERICA CORP 5.822598 04/02/2026
1.01%
BUD/30
Anheuser-Busch Inbev Worldwide Inc - 3.50% NT REDEEM 01/06/2030 USD 1000
1.00%
n/a
EW SCRIPPS TLB L+256.25 LF 75 7.1974 05/01/2026
0.91%
Invest with OBND

What is OBND?

The SPDR Loomis Sayles Opportunistic Bond ETF (OBND) is an actively managed multi-asset credit strategy that seeks to capture risk premiums in markets it believes offer strong risk-adjusted return potential over a full market cycle due to Loomis Sayles credit selection and risk management process.The fund may invest in debt obligations of any credit quality across all fixed income sectors, including bank loans and securitized credit instruments, as well as allocate 100% of the portfolio into non-investment grade rated securities. The fund can also invest across the entire maturity curve with the duration of the portfolio (target duration between zero to seven years) managed based on the interest rate views of Loomis Sayles.

ETFs related toOBND

ETFs correlated to OBND include DIAL, AOK, AOM

OBND
SSgA Active Trust - SPDR Loomis Sayles Opportunistic Bond ETF
DIAL
Columbia ETF Trust I - Columbia Diversified Fixed Income Allocation ETF
AOK
BlackRock Institutional Trust Company N.A. - iShares Core Conservative Allocation ETF
AOM
BlackRock Institutional Trust Company N.A. - iShares Core Moderate Allocation ETF
JPIE
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Income ETF
JPMB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan USD Emerging Markets Sovereign Bond ETF
IIGV
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco Investment Grade Value ETF
GHYG
BlackRock Institutional Trust Company N.A. - iShares US & Intl High Yield Corp Bond ETF
SWAN
Amplify ETF Trust - Amplify BlackSwan Growth & Treasury Core ETF
VCIT
Vanguard Group, Inc. - Vanguard Intermediate-Term Corporate Bond ETF
JSCP
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Short Duration Core Plus ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toOBND

#DYNAM

Dynamic Stocks and Bonds

Category

Getting Defensive

Risk Rating

Moderate

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with OBND using Composer

FAQ

OBND is a US Bonds ETF. The SPDR Loomis Sayles Opportunistic Bond ETF (OBND) is an actively managed multi-asset credit strategy that seeks to capture risk premiums in markets it believes offer strong risk-adjusted return potential over a full market cycle due to Loomis Sayles credit selection and risk management process.The fund may invest in debt obligations of any credit quality across all fixed income sectors, including bank loans and securitized credit instruments, as well as allocate 100% of the portfolio into non-investment grade rated securities. The fund can also invest across the entire maturity curve with the duration of the portfolio (target duration between zero to seven years) managed based on the interest rate views of Loomis Sayles.

Yes, OBND is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, OBND is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on OBND is 0.0136%. This is the percent change in the value of OBND over the most recent 1-month period. The 3-month return on OBND is 0.013%. This is the percent change in the value of OBND over the most recent 3-month period.

The standard deviation of OBND for the past year is 0.068%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to OBND include BIV, MINT, and BLV.

ETFs correlated to OBND include DIAL, AOK, and AOM.

ETFs that are inversely correlated to OBND include SJB, EFZ, and HIBS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.