HEQ vs OOSP

Comparison between John Hancock Hedged equity & Income Fund (HEQ, ETF) and OBRA OPPORTUNISTIC STRUCTURED PRODUCTS ETF (OOSP, ETF).

HEQ vs OOSP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HEQ(ETF)	OOSP(ETF)
Net Assets	$151M	$151M
Expense Ratio	N/A	0.64%
Max Drawdown	59.66%	2.14%
Sharpe Ratio	1.29	0.65
5Y Beta	0.53	0.00
5Y Dividends CAGR	1.51%	N/A

Net Assets

Winner

HEQ

$151M

OOSP

$151M

Expense Ratio

HEQ

N/A

OOSP

0.64%

Max Drawdown

HEQ

59.66%

Winner

OOSP

2.14%

Sharpe Ratio

Winner

HEQ

1.29

OOSP

0.65

5Y Beta

HEQ

0.53

Winner

OOSP

0.00

5Y Dividends CAGR

HEQ

1.51%

OOSP

N/A

HEQ vs OOSP - Historical Returns

Returns include dividend reinvestment.

Period	HEQ	OOSP
1 month	+0.88%	+0.51%
3 months	+1.92%	+1.41%
6 months	+8.81%	+2.78%
1 year	+18.60%	+6.03%
5 years(CAGR)	+6.61%	N/A
10 years(CAGR)	+7.26%	N/A
Max(CAGR)	+5.88%	+7.52%

Winner

HEQ

+0.88%

OOSP

+0.51%

Winner

HEQ

+1.92%

OOSP

+1.41%

Winner

HEQ

+8.81%

OOSP

+2.78%

Winner

HEQ

+18.60%

OOSP

+6.03%

5Y(CAGR)

HEQ

+6.61%

OOSP

N/A

10Y(CAGR)

HEQ

+7.26%

OOSP

N/A

Max(CAGR)

HEQ

+5.88%

Winner

OOSP

+7.52%

HEQ vs OOSP - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	HEQ	OOSP
2026	+11.13%	+3.14%
2025	+14.87%	+7.34%
2024	+11.63%	+6.43%
2023	-4.59%	N/A
2022	-2.97%	N/A
2021	+26.11%	N/A
2020	-13.94%	N/A
2019	+25.50%	N/A
2018	-18.15%	N/A
2017	+21.02%	N/A
2016	+21.17%	N/A
2015	-2.20%	N/A
2014	+5.02%	N/A
2013	+17.83%	N/A
2012	+10.48%	N/A
2011	-23.41%	N/A

HEQ vs OOSP Drawdown Comparison

The maximum drawdown for HEQ was -44.30%, occurring on Mar 23, 2020. Recovery took 365 trading sessions.

The maximum drawdown for OOSP was -1.31%, occurring on Nov 19, 2025. Recovery took 32 trading sessions.

The current HEQ drawdown is -1.84%. The current OOSP drawdown is -0.15%.

Rank	HEQ	OOSP
#1	-44.30% Jan 15, 2020 - Jun 28, 2021	-1.31% Nov 18, 2025 - Jan 6, 2026
#2	-32.38% Jul 8, 2011 - Sep 18, 2013	-1.20% May 13, 2025 - Jun 10, 2025
#3	-26.16% May 11, 2018 - Dec 16, 2019	-0.98% Apr 9, 2025 - May 13, 2025
#4	-25.35% May 25, 2022 - Jun 11, 2025	-0.88% Feb 17, 2026 - Mar 6, 2026
#5	-21.69% Jul 24, 2014 - Aug 11, 2016	-0.74% Mar 6, 2026 - Apr 20, 2026
#6	-7.91% Jan 2, 2018 - May 1, 2018	-0.67% Jun 24, 2026 - Jul 15, 2026
#7	-7.73% Jul 14, 2021 - Jan 7, 2022	-0.66% May 12, 2026 - Jun 15, 2026
#8	-7.33% Oct 3, 2016 - Dec 22, 2016	-0.63% Aug 25, 2025 - Sep 9, 2025
#9	-7.12% Apr 18, 2022 - May 20, 2022	-0.63% Oct 27, 2025 - Nov 18, 2025
#10	-7.00% Jan 14, 2022 - Mar 29, 2022	-0.59% Jul 15, 2024 - Jul 29, 2024
#11	-6.91% Feb 25, 2026 - Apr 14, 2026	-0.59% Sep 15, 2025 - Oct 2, 2025
#12	-6.04% Oct 20, 2017 - Dec 19, 2017	-0.54% Apr 22, 2026 - May 6, 2026
#13	-5.98% Jul 31, 2017 - Sep 22, 2017	-0.54% Aug 5, 2024 - Sep 3, 2024
#14	-4.53% Sep 7, 2016 - Oct 3, 2016	-0.49% Jun 30, 2025 - Jul 17, 2025
#15	-4.51% Jan 22, 2014 - Feb 28, 2014	-0.46% Jul 29, 2024 - Aug 5, 2024

Correlation

Correlation between HEQ and OOSP is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.

0.94

-101

Dividend Comparison (2011 - 2026)

HEQ vs OOSP dividend yield comparison.

Year	HEQ	OOSP
2026	4.37%	3.14%
2025	9.30%	6.71%
2024	9.79%	5.42%
2023	10.75%	0.00%
2022	10.09%	0.00%
2021	8.92%	0.00%
2020	11.64%	0.00%
2019	10.09%	0.00%
2018	11.50%	0.00%
2017	10.44%	0.00%
2016	9.57%	0.00%
2015	10.40%	0.00%
2014	9.22%	0.00%
2013	7.88%	0.00%
2012	8.54%	0.00%
2011	4.57%	0.00%