OOSP vs HYI
Comparison between OBRA OPPORTUNISTIC STRUCTURED PRODUCTS ETF (OOSP, ETF) and Western Asset High Yield Defined Opportunity Fund Inc (HYI, ETF).
OOSP vs HYI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
OOSP
$150M
HYI
$150M
Expense Ratio
OOSP
0.64%
HYI
N/A
Max Drawdown
Winner
OOSP
2.09%
HYI
48.50%
Sharpe Ratio
Winner
OOSP
0.78
HYI
-0.64
5Y Beta
Winner
OOSP
0.00
HYI
0.25
5Y Dividends CAGR
OOSP
N/A
HYI
1.72%
OOSP vs HYI - Historical Returns
Returns include dividend reinvestment.
1M
Winner
OOSP
+0.51%
HYI
-1.62%
3M
Winner
OOSP
+1.03%
HYI
-1.87%
6M
Winner
OOSP
+2.81%
HYI
+0.13%
1Y
Winner
OOSP
+6.70%
HYI
-1.19%
5Y(CAGR)
OOSP
N/A
HYI
+1.53%
10Y(CAGR)
OOSP
N/A
HYI
+5.25%
Max(CAGR)
Winner
OOSP
+7.59%
HYI
+4.58%
OOSP vs HYI - Annual Returns (2010 - 2026)
Returns include dividend reinvestment.
| Year | OOSP | HYI |
|---|---|---|
| 2026 | +2.36% | -1.26% |
| 2025 | +7.34% | +3.47% |
| 2024 | +6.43% | +7.19% |
| 2023 | N/A | +7.84% |
| 2022 | N/A | -13.47% |
| 2021 | N/A | +10.82% |
| 2020 | N/A | +7.09% |
| 2019 | N/A | +26.70% |
| 2018 | N/A | -6.90% |
| 2017 | N/A | +8.07% |
| 2016 | N/A | +17.18% |
| 2015 | N/A | -2.30% |
| 2014 | N/A | -4.39% |
| 2013 | N/A | +3.50% |
| 2012 | N/A | +18.60% |
| 2011 | N/A | -0.27% |
| 2010 | N/A | -7.98% |
OOSP vs HYI Drawdown Comparison
The maximum drawdown for OOSP was -1.31%, occurring on Nov 19, 2025. Recovery took 32 trading sessions.
The maximum drawdown for HYI was -36.03%, occurring on Mar 23, 2020. Recovery took 197 trading sessions.
The current OOSP drawdown is -0.18%. The current HYI drawdown is -5.83%.
| Rank | OOSP | HYI |
|---|---|---|
| #1 | -1.31% Nov 18, 2025 - Jan 6, 2026 | -36.03% Feb 18, 2020 - Nov 25, 2020 |
| #2 | -1.20% May 13, 2025 - Jun 10, 2025 | -26.34% Nov 5, 2021 - Feb 18, 2025 |
| #3 | -0.98% Apr 9, 2025 - May 13, 2025 | -18.70% Jul 8, 2011 - Jan 25, 2012 |
| #4 | -0.88% Feb 17, 2026 - Mar 6, 2026 | -18.60% Jun 30, 2014 - Jul 11, 2016 |
| #5 | -0.74% Mar 6, 2026 - Apr 20, 2026 | -10.69% May 15, 2013 - May 8, 2014 |
| #6 | -0.66% May 12, 2026 - May 13, 2026 | -10.68% Sep 27, 2012 - Mar 13, 2013 |
| #7 | -0.63% Aug 25, 2025 - Sep 9, 2025 | -9.67% Oct 17, 2018 - Feb 1, 2019 |
| #8 | -0.63% Oct 27, 2025 - Nov 18, 2025 | -8.88% Nov 1, 2010 - May 12, 2011 |
| #9 | -0.59% Jul 15, 2024 - Jul 29, 2024 | -8.19% Sep 16, 2025 - Mar 30, 2026 |
| #10 | -0.59% Sep 15, 2025 - Oct 2, 2025 | -7.44% Mar 30, 2012 - Jul 9, 2012 |
| #11 | -0.54% Apr 22, 2026 - May 6, 2026 | -6.52% Sep 30, 2016 - Jan 3, 2017 |
| #12 | -0.54% Aug 5, 2024 - Sep 3, 2024 | -5.74% Feb 25, 2025 - May 29, 2025 |
| #13 | -0.49% Jun 30, 2025 - Jul 17, 2025 | -4.59% Oct 13, 2017 - Oct 17, 2018 |
| #14 | -0.46% Jul 29, 2024 - Aug 5, 2024 | -4.13% Aug 1, 2019 - Sep 18, 2019 |
| #15 | -0.45% Apr 17, 2024 - Apr 23, 2024 | -4.01% May 3, 2019 - Jun 19, 2019 |
Correlation
Correlation between OOSP and HYI is 0.76 which considered as a strong positive correlation - the stocks tend to move together.
0.76
-101
Dividend Comparison (2010 - 2026)
OOSP vs HYI dividend yield comparison.
| Year | OOSP | HYI |
|---|---|---|
| 2026 | 2.64% | 4.51% |
| 2025 | 6.71% | 10.22% |
| 2024 | 5.42% | 9.64% |
| 2023 | 0.00% | 9.40% |
| 2022 | 0.00% | 9.09% |
| 2021 | 0.00% | 7.19% |
| 2020 | 0.00% | 7.35% |
| 2019 | 0.00% | 6.87% |
| 2018 | 0.00% | 8.10% |
| 2017 | 0.00% | 7.81% |
| 2016 | 0.00% | 8.73% |
| 2015 | 0.00% | 9.36% |
| 2014 | 0.00% | 8.75% |
| 2013 | 0.00% | 8.98% |
| 2012 | 0.00% | 9.52% |
| 2011 | 0.00% | 10.65% |
| 2010 | 0.00% | 0.80% |
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