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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)
$293,142
AUM
$35,230,729
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

—
US Dollar 0
6.83%
SRLN
SSgA Active Trust - SPDR Blackstone Senior Loan ETF
4.83%
OAUT5277581
ODART 20211A A 144A 0.87 07/14/2028
1.62%
UBS/24A
UBS Group AG - 4.75% NT REDEEM 09/08/2024 USD 250000
1.16%
—
UniCredit Notes 2019-02.04.34 -144A- Floating Rate
1.14%
HSBC/25A
HSBC USA Inc - 5.625% NT REDEEM 17/03/2025 USD 200000
1.07%
—
EW SCRIPPS TLB L+256.25 LF 75 8.008 05/01/2026
0.91%
—
AIGIM 20181A BR 144A 7.28775 04/20/2032
0.91%
—
BANK OF AMERICA CORP 6.600097 04/02/2026
0.86%
—
CHG HEALTHCARE TLB L+325 LF50 8.6955 09/29/2028
0.84%
Invest with OBND
Trade OBND Options

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.

1M
3M
6M
YTD
1Y
3Y
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OBND
Performance Measures**

for the time period Sep 28, 2021 to Dec 4, 2025

Returns

1M Trailing Return: 0.5%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 1.4%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -15.8%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 4.7%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.50

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.14

The annualized return divided by the max drawdown for the selected time period.

ETFs related toOBND

ETFs correlated to OBND include PYLD, IBDY, DIAL

OBND
SSgA Active Trust - SPDR Loomis Sayles Opportunistic Bond ETF
PYLD
Pimco Exchange Traded Fund - PIMCO Multisector Bond Active Exchange-Traded Fund
IBDY
iShares Trust - iShares iBonds Dec 2033 Term Corporate ETF
DIAL
Columbia ETF Trust I - Columbia Diversified Fixed Income Allocation ETF
BINC
BlackRock ETF Trust II - BlackRock Flexible Income ETF
VCEB
Vanguard Group, Inc. - Vanguard ESG U.S. Corporate Bond ETF
BSCW
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2032 Corporate Bond ETF
LQD
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD Investment Grade Corporate Bond ETF
BSCU
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2030 Corporate Bond ETF
GIGB
Goldman Sachs ETF Trust - Goldman Sachs Access Investment Grade Corporate Bond ETF
SUSC
iShares Trust - iShares Trust iShares ESG Aware USD Corporate Bond 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.

Trading Strategies
Related toOBND

SPDRverse

Category

Cross-asset momentum, sector rotation, SPDR ETFs, daily rebalancing, tactical allocation

OOS Cumulative Return

-3.32%

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 -0.0029%. This is the percent change in the value of OBND over the most recent 1-month period. The 3-month return on OBND is -0.0021%. 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 0.0596%. 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 GVI, BLV, and BSV.

ETFs correlated to OBND include PYLD, IBDY, and DIAL.

ETFs that are inversely correlated to OBND include TBX, PST, and TBF.

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.