Obra Defensive High Yield ETF (ODHY) belongs to the High Yield Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ODHY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ODHY
ODHY charges 0.50% annually. There are 82 ETFs in the High Yield Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab High Yield Bond ETF | 0.03% | 2.60B | Jul 2023 | ODHY vs SCYB | |
| SPDR Portfolio High Yield Bond ETF | 0.05% | 11.10B | Jun 2012 | ODHY vs SPHY | |
| Nuveen High Yield Corporate Bond ETF | 0.08% | 1.69B | Sep 2025 | ODHY vs NHYB | |
| JPMorgan BetaBuilders USD High Yield Corporate Bon... | 0.15% | 615.80M | Sep 2016 | ODHY vs BBHY | |
| iShares Broad USD High Yield Corporate Bond ETF | 0.15% | 28.01B | Oct 2017 | ODHY vs USHY |
Best Risk-Adjusted Alternatives to ODHY
Among 88 ETFs in the High Yield Bonds category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 95 | 962.59M | Aug 2018 | ODHY vs BSJQ | |
| iShares iBonds 1-5 Year High Yield and Income Ladd... | 85 | 9.36M | Nov 2024 | ODHY vs LDRH | |
| WisdomTree Interest Rate Hedged High Yield Bond Fu... | 84 | 239.72M | Dec 2013 | ODHY vs HYZD | |
| Pacific Global Senior Loan ETF | 84 | 624.90M | Feb 2015 | ODHY vs FLRT | |
| iShares iBonds 2027 Term High Yield and Income ETF | 82 | 500.53M | Jul 2021 | ODHY vs IBHG |
Top Performing ODHY Alternatives (YTD)
ODHY is at 1.34% YTD. There are 74 ETFs in the High Yield Bonds category with higher YTD returns, going as high as 14.24%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Digital Asset Debt Strategy ETF | 14.24% | — | Aug 2025 | ODHY vs DADS | |
| VanEck Vectors Emerging Markets High Yield Bond ET... | 4.28% | 522.05M | May 2012 | ODHY vs HYEM | |
| Man Active High Yield ETF | 4.09% | 19.82M | Sep 2025 | ODHY vs MHY | |
| ProShares High Yield-Interest Rate Hedged | 3.86% | 174.87M | May 2013 | ODHY vs HYHG | |
| Fidelity Sustainable High Yield ETF | 3.40% | 125.35M | Feb 2022 | ODHY vs FSYD |
Lowest Volatility Alternatives to ODHY
ODHY has 2.73% 1-year volatility. There are 10 ETFs in the High Yield Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers J.P. Morgan ESG USD High Yield Corporate... | 0.00% | 6.49M | Mar 2015 | ODHY vs ESHY | |
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 1.36% | 962.59M | Aug 2018 | ODHY vs BSJQ | |
| Pacific Global Senior Loan ETF | 1.59% | 624.90M | Feb 2015 | ODHY vs FLRT | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | 2.08% | 847.56M | Sep 2019 | ODHY vs BSJR | |
| iShares iBonds 2027 Term High Yield and Income ETF | 2.09% | 500.53M | Jul 2021 | ODHY vs IBHG |
Lowest Drawdown Alternatives to ODHY
Among 88 ETFs in the High Yield Bonds category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.54%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco BulletShares 2026 High Yield Corp Bond ETF | -0.54% | 962.59M | Aug 2018 | ODHY vs BSJQ | |
| iShares iBonds 2027 Term High Yield and Income ETF | -0.73% | 500.53M | Jul 2021 | ODHY vs IBHG | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | -1.16% | 847.56M | Sep 2019 | ODHY vs BSJR | |
| iShares iBonds 2028 Term High Yield and Income ETF | -1.22% | 452.61M | Mar 2022 | ODHY vs IBHH | |
| iShares iBonds 1-5 Year High Yield and Income Ladd... | -1.23% | 9.36M | Nov 2024 | ODHY vs LDRH |
Other ETFs from Obra
The 2 most viewed Obra ETFs shown here include OOSP, OGSP and span 1 categories. AUM among these funds goes as high as $37M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Obra Opportunistic Structured Products ETF | Multisector Bonds | 72 | 2.66% | 36.96M | Apr 2024 | ODHY vs OOSP | |
| Obra High Grade Structured Products ETF | Multisector Bonds | 96 | 2.00% | 29.65M | Apr 2024 | ODHY vs OGSP |
Often Compared With ODHY
Investors most often compare ODHY with BSJO, IBHE, IBHD. These 6 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco BulletShares 2024 High Yield Corporate Bon... | High Yield Bonds | — | — | 437.22M | Sep 2016 | ODHY vs BSJO | |
| iShares iBonds 2025 Term High Yield & Income ETF | High Yield Bonds | — | — | 364.90M | May 2019 | ODHY vs IBHE | |
| iShares iBonds 2024 Term High Yield & Income ETF | High Yield Bonds | — | — | 310.08M | May 2019 | ODHY vs IBHD | |
| Xtrackers USD High Yield Corporate Bond ETF | High Yield Bonds | 56 | 1.67% | 3.49B | Dec 2016 | ODHY vs HYLB | |
| Putnam ESG High Yield ETF - | High Yield Bonds | 81 | 2.32% | 7.62M | Jan 2023 | ODHY vs PHYD | |
| Principal Active High Yield ETF | High Yield Bonds | 53 | 2.78% | 566.30M | Jul 2015 | ODHY vs YLD |
Compare ODHY with Any Fund or Stock
Compare ODHY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ODHY with funds that move differently
Obra Defensive High Yield ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ODHY.
Explore ODHY Diversifiers