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OGSP vs WDE

Obra High Grade Structured Products ETF

OGSPDNYSE Arca

Principal Securitized Debt ETF

WDECCboe

Overlap

No data

Expense ratio

WDE −0.45pt a year

OGSP0.64%WDE0.19%

Avg volume · 30D

WDE 22.0×the volume

OGSP192WDE4.22K

OGSP vs WDE Performance

Jul 31, 2026 – Oct 30, 2026

+1.3%OGSP0.0%WDE

Jul 31, 2026 to Oct 30, 2026. OGSP +1.3%. WDE 0.0%. Use the arrow keys to read each point.−2%−1%Jul 2026Sep 2026Oct 2026
Expense ratio
OGSP 0.64%
WDE 0.19%, better
Fund size
OGSP $29M
WDE $28M
1Y total return
OGSP +5.1%
WDE No data
Yield (12M)
OGSP 5.86%
WDE No data
Holdings
OGSP 162
WDE 72
Avg volume (30D)
OGSP 192 sh
WDE 4.22K sh, better
NAV per share
OGSP $9.94
WDE $24.57
52W range

ETF.net Grade

OGSP: Cost 9, Risk 79, Mission 15, Tradability 12, Holdings 67, Durability 46. WDE: Cost 90, Risk 26, Mission not scored, Tradability 29, Holdings 25, Durability 23.
Pillar letters and Scores for OGSP, WDE, with each pillar’s weight
PillarOGSPWDE
Cost30% weightF9A90Higher
Mission25% weightF15Not scored
Risk15% weightA79HigherD26
Tradability15% weightF12D29Higher
Holdings10% weightB67HigherD25
Durability5% weightC46HigherF23

Rank among Multi-Sector Securitized Bond funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. OGSP and WDE are both graded against the same 11 Multi-Sector Securitized Bond funds, so their Grades compare head to head.

Multi-Sector Securitized Bond⁠

Category · 11 funds
See all 11 ›

WDE ranks 3rd and OGSP 8th of 11 funds in the Multi-Sector Securitized Bond Category.

  1. Rank 1ANSCINuveen Securitized IncomeScore 70
  2. Rank 2BDABSDoubleLine Asset-Backed Securities ETFScore 56
  3. Rank 3CWDEPrincipal Securitized Debt ETFScore 52
  4. Rank 4CSECUiShares Securitized Income Active ETFScore 49
  5. Rank 7CPRABState Street IG Public & Private ABS ETFScore 42
  6. Rank 8DOGSPObra High Grade Structured Products ETFScore 33
  7. JABSNot yet graded
  8. OOSPNot yet graded
  9. TSCZNot yet graded

Our read on each fund

ETF.net Research

OGSPDObra High Grade Structured Products ETF

WDECPrincipal Securitized Debt ETF

In short

OGSP A boutique active take on investment-grade structured credit: asset-backed bonds, CLOs and mortgage deals bought one at a time, with no index to hug. The prospectus calls it a go-anywhere fund within structured products, and it pays monthly.

WDE No data

Stated mandate

OGSP The Fund is actively managed and seeks income; the prospectus's investment-objective table also states capital appreciation.

WDE No data

Why people hold it

  • OGSP Actively managed with no index to track, and the prospectus sets a floor: at least 80% of net assets in high grade structured products.sec.gov
  • One mandate spans ABS, CLOs, CDOs, CMOs, and agency and non-agency mortgage bonds including CMBS and RMBS, chosen deal by deal rather than by index weight.sec.gov
  • Pays monthly, and spreads the work across roughly 150 separate deals instead of a handful of big bets.

WDE No data

Worth knowing

  • OGSP Cost is the trade-off: 0.64% net of a waiver through July 31, 2027, against a 1.69% gross, and above the category median plus peers like WDE (0.19%) and NSCI (0.38%).
  • A small fund that trades lightly, so the bid-ask spread is part of the real cost of getting in and out.
  • "High grade" describes the 80% test, not every line item: the prospectus flags structured products risk and allows holdings rated below investment grade.sec.govsec.gov 2

WDE No data

Full OGSP profile⁠

Full WDE profile⁠

OGSP vs WDE Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

OGSP vs WDE Cost

Overpaying OGSP vs WDE

$8,586

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • OGSP 0.64%

    $12,538

  • WDE 0.19%

    $3,952

$10,000
30 years

Cost over time

  • OGSP 0.64%
  • WDE 0.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530OGSP $12,538WDE $3,952

Year by year

YearOGSPWDEOverpaying
10$1,145$347$798
20$4,375$1,351$3,024
30$12,538$3,952$8,586

Expense ratio

  • 0.64%OGSP
  • 0.19%WDE, cheaper
  • Middle half of Multi-Sector Securitized Bond funds
  • Median 0.39%

WDE cheapest of 11 funds

OGSP 10th cheapest of 11 funds

OGSP vs WDE Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
OGSP 5.86%
WDE No data
Payout (12M)
OGSP $0.58
WDE No data
Last payment
OGSP $0.05
WDE $0.12
Ex-dividend
OGSP Oct 29, 2026
WDE Oct 1, 2026
Paid on
OGSP Oct 30, 2026
WDE Oct 5, 2026
Frequency
OGSP Monthly
WDE Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

OGSPMonthly · 29 paymentsAll OGSP payments⁠
One bar per payment. 29 payments from 2024 to 2026 YTD. Jun 28, 2024 $0.14; Jul 30, 2024 $0.05; Aug 30, 2024 $0.05; Sep 27, 2024 $0.05; Oct 30, 2024 $0.05; Nov 29, 2024 $0.05; Dec 30, 2024 $0.05; Jan 30, 2025 $0.05; Feb 27, 2025 $0.05; Mar 28, 2025 $0.05; Apr 29, 2025 $0.05; May 29, 2025 $0.05; Jun 27, 2025 $0.05; Jul 30, 2025 $0.05; Aug 28, 2025 $0.05; Sep 29, 2025 $0.05; Oct 30, 2025 $0.05; Nov 26, 2025 $0.05; Dec 30, 2025 $0.06; Jan 29, 2026 $0.05; Feb 26, 2026 $0.05; Mar 30, 2026 $0.05; Apr 29, 2026 $0.05; May 28, 2026 $0.05; Jun 29, 2026 $0.05; Jul 30, 2026 $0.05; Aug 28, 2026 $0.05; Sep 29, 2026 $0.05; Oct 29, 2026 $0.05. Use the arrow keys to read each point.$0$0.102026YTD
WDEMonthly · 4 paymentsAll WDE payments⁠
One bar per payment. 4 payments from 2024 to 2026 YTD. Jul 1, 2026 $0.10; Aug 3, 2026 $0.11; Sep 1, 2026 $0.12; Oct 1, 2026 $0.12. Use the arrow keys to read each point.$0$0.102026YTD

OGSP vs WDE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
OGSP 1.0%since May 2024WDE No data
Return per unit of riskSharpe ratio, 3 years
OGSP 1.63since May 2024WDE No data
Worst fallMax drawdown, 5 years
OGSP −0.8%since Apr 2024WDE No data
Market sensitivityBeta, 5 years
OGSP 0.03WDE −0.08

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