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OOSP vs SECU

Obra Opportunistic Structured Products ETF

OOSP—NYSE Arca

iShares Securitized Income Active ETF

SECUCCboe

Overlap

No data

Expense ratio

SECU −0.23pt a year

OOSP0.64%SECU0.41%

Avg volume · 30D

SECU 36.1×the volume

OOSP5.51KSECU199K

OOSP vs SECU Performance

Jul 31, 2026 – Nov 2, 2026

+0.8%OOSP+0.4%SECU

Jul 31, 2026 to Nov 2, 2026. OOSP +0.8%. SECU +0.4%. Use the arrow keys to read each point.−1%−0.5%0%Jul 2026Sep 2026Nov 2026
Expense ratio
OOSP 0.64%
SECU 0.41%, better
Fund size
OOSP $150M
SECU $843M
1Y total return
OOSP +5.4%
SECU No data
Yield (12M)
OOSP 6.28%
SECU No data
Holdings
OOSP 271
SECU 922
Avg volume (30D)
OOSP 5.51K sh
SECU 199K sh, better
NAV per share
OOSP $10.04
SECU $48.98
52W range

ETF.net Grade

  • —OOSPUnder classification review
SECU: Cost 33, Risk 30, Mission 18, Tradability 71, Holdings 78, Durability 91.
Pillar letters and Scores for OOSP, SECU, with each pillar’s weight
PillarOOSPSECU
Cost30% weightNot scoredD33
Mission25% weightNot scoredF18
Risk15% weightNot scoredD30
Tradability15% weightNot scoredA71
Holdings10% weightNot scoredA78
Durability5% weightNot scoredA91

Rank among Multi-Sector Securitized Bond funds

How we build Categories ›

Multi-Sector Securitized Bond⁠

Category · 11 funds
See all 11 ›

SECU ranks 4th of 11 funds in the Multi-Sector Securitized Bond Category.

  1. Rank 1ANSCINuveen Securitized IncomeScore 71
  2. Rank 2BDABSDoubleLine Asset-Backed Securities ETFScore 55
  3. Rank 3CWDEPrincipal Securitized Debt ETFScore 52
  4. Rank 4CSECUiShares Securitized Income Active ETFScore 49
  5. Rank 5CJSIJanus Henderson Securitized Income ETFScore 46
  6. OOSPNot yet graded

Our read on each fund

ETF.net Research

OOSP—Obra Opportunistic Structured Products ETF

SECUCiShares Securitized Income Active ETF

In short

OOSP No data

SECU A 2005-vintage BlackRock mortgage-bond strategy that moved into an ETF wrapper in January 2026: active, roughly 900 securitized bonds deep, at 0.41% with no waiver due to expire.

Stated mandate

OOSP No data

SECU The Fund seeks high total return through active management of a diversified portfolio of securitized fixed-income assets.

Why people hold it

OOSP No data

  • SECU Rare pedigree: the strategy launched as a BlackRock mutual fund on July 29, 2005 and was reorganized into this ETF on January 23, 2026, so the research desk predates the ticker.sec.govblackrock.com
  • Wide net: roughly 900 positions spanning asset-backed bonds, agency and non-agency mortgage paper, CLOs and CMOs, up and down the capital structure.sec.gov
  • The 0.41% fee is the whole story: gross equals net, no waiver propping it up, and it sits near the median for funds in the securitized bond group.
  • Active mandate, no index leash. Managers can hold investment grade or high yield at any maturity, with at least 80% of assets in securitized exposure.sec.gov

Worth knowing

OOSP No data

  • SECU At least 25% of total assets sits in non-agency mortgage bonds, which carry no US government backing. Credit and prepayment swings come attached to the income.sec.gov
  • Cheaper doors exist in the same category: Principal's WDE charges 0.19% and Nuveen's NSCI 0.38%, neither relying on a waiver.
  • The wrapper is young even if the strategy isn't, so exchange-traded history on spreads and volatility is thin next to the predecessor fund's record.sec.gov

Full OOSP profile⁠

Full SECU profile⁠

OOSP vs SECU 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.

OOSP vs SECU Cost

Overpaying OOSP vs SECU

$4,257

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

  • OOSP 0.64%

    $12,538

  • SECU 0.41%

    $8,281

$10,000
30 years

Cost over time

  • OOSP 0.64%
  • SECU 0.41%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530OOSP $12,538SECU $8,281

Year by year

YearOOSPSECUOverpaying
10$1,145$741$404
20$4,375$2,860$1,515
30$12,538$8,281$4,257

Expense ratio

  • 0.64%OOSP
  • 0.41%SECU, cheaper
  • Middle half of Multi-Sector Securitized Bond funds
  • Median 0.39%

SECU 8th cheapest of 11 funds

OOSP 10th cheapest of 11 funds

OOSP vs SECU Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
OOSP 6.28%
SECU No data
Payout (12M)
OOSP $0.63
SECU No data
Last payment
OOSP $0.05
SECU $0.24
Ex-dividend
OOSP Oct 29, 2026
SECU Nov 2, 2026
Paid on
OOSP Oct 30, 2026
SECU Pays Nov 5, 2026
Frequency
OOSP Monthly
SECU Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

OOSPMonthly · 29 paymentsAll OOSP payments⁠
One bar per payment. 29 payments from 2024 to 2026 YTD. Jun 28, 2024 $0.16; Jul 30, 2024 $0.06; Aug 30, 2024 $0.07; Sep 27, 2024 $0.07; Oct 30, 2024 $0.07; Nov 29, 2024 $0.06; Dec 30, 2024 $0.06; Jan 30, 2025 $0.06; Feb 27, 2025 $0.06; Mar 28, 2025 $0.06; Apr 29, 2025 $0.06; May 29, 2025 $0.06; Jun 27, 2025 $0.06; Jul 30, 2025 $0.06; Aug 28, 2025 $0.06; Sep 29, 2025 $0.06; Oct 30, 2025 $0.06; Nov 26, 2025 $0.05; Dec 30, 2025 $0.06; Jan 29, 2026 $0.06; 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$0.252026YTD
SECUMonthly · 9 paymentsAll SECU payments⁠
One bar per payment. 9 payments from 2024 to 2026 YTD. Mar 2, 2026 $0.36; Apr 1, 2026 $0.25; May 1, 2026 $0.19; Jun 1, 2026 $0.24; Jul 1, 2026 $0.21; Aug 3, 2026 $0.19; Sep 1, 2026 $0.24; Oct 1, 2026 $0.28; Nov 2, 2026 $0.24. Use the arrow keys to read each point.$0$0.252026YTD

OOSP vs SECU Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
OOSP 1.6%since May 2024SECU No data
Return per unit of riskSharpe ratio, 3 years
OOSP 1.72since May 2024SECU No data
Worst fallMax drawdown, 5 years
OOSP −1.4%since Apr 2024SECU No data
Market sensitivityBeta, 5 years
OOSP 0.06SECU 0.80

OOSP and SECU in the news

All news⁠

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