Obra Defensive High Yield ETF (ODHY)

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Obra Defensive High Yield ETF (ODHY) is up 1.3% since the beginning of the year. ODHY is currently trading at $10 per share.

Based on dividend-adjusted daily data since Jun 30, 2025, ODHY's average daily return is +0.01%, while the average monthly return is +0.27%. At this rate, an investment would double in approximately 21.4 years.

Historically, 77% of months were positive and 23% were negative. The best month was Aug 2025 with a return of +1.1%, while the worst month was Mar 2026 at -1.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 1 months.

On a daily basis, ODHY closed higher 45% of trading days. The best single day was Mar 31, 2026 with a return of +0.8%, while the worst single day was Jul 3, 2025 at -0.8%.

Obra Defensive High Yield ETF has an annualized alpha of 0.57%, beta of 0.15, and R2 of 0.45 versus S&P 500 Index. Calculated based on daily prices since June 30, 2025.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (11.35%) than losses (1.50%) - typical of diversified or defensive assets.
• Beta of 0.15 may look defensive, but with R2 of 0.45 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.45 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.

ODHY has an expense ratio of 0.50%, placing it in the medium range.

Obra Defensive High Yield ETF provided a 4.76% dividend yield over the last twelve months, with an annual payout of $0.48 per share.

The table displays the monthly dividend distributions for Obra Defensive High Yield ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Obra Defensive High Yield ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Obra Defensive High Yield ETF was 1.96%, occurring on Mar 27, 2026. Recovery took 11 trading sessions.

The current Obra Defensive High Yield ETF drawdown is 0.10%.

The chart below shows the rolling one-month volatility.