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 83 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% | 2.68B | Jul 2023 | ODHY vs SCYB | |
| SPDR Portfolio High Yield Bond ETF | 0.05% | 11.41B | Jun 2012 | ODHY vs SPHY | |
| Nuveen High Yield Corporate Bond ETF | 0.08% | 1.71B | Sep 2025 | ODHY vs NHYB | |
| Xtrackers USD High Yield Corporate Bond ETF | 0.15% | 3.54B | Dec 2016 | ODHY vs HYLB | |
| JPMorgan BetaBuilders USD High Yield Corporate Bon... | 0.15% | 612.42M | Sep 2016 | ODHY vs BBHY |
Best Risk-Adjusted Alternatives to ODHY
ODHY has a PortfoliosLab risk / return rank of 79. There are 20 ETFs in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 96 | 907.20M | Aug 2018 | ODHY vs BSJQ | |
| WisdomTree Interest Rate Hedged High Yield Bond Fu... | 90 | 255.19M | Dec 2013 | ODHY vs HYZD | |
| iShares iBonds 1-5 Year High Yield and Income Ladd... | 90 | 22.06M | Nov 2024 | ODHY vs LDRH | |
| iShares iBonds 2027 Term High Yield and Income ETF | 90 | 499.12M | Jul 2021 | ODHY vs IBHG | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | 89 | 852.94M | Sep 2019 | ODHY vs BSJR |
Top Performing ODHY Alternatives (YTD)
ODHY is at 1.57% YTD. There are 77 ETFs in the High Yield Bonds category with higher YTD returns, going as high as 7.44%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Digital Asset Debt Strategy ETF | 7.44% | — | Aug 2025 | ODHY vs DADS | |
| Man Active High Yield ETF | 5.53% | 19.82M | Sep 2025 | ODHY vs MHY | |
| VanEck Vectors Emerging Markets High Yield Bond ET... | 4.23% | 522.28M | May 2012 | ODHY vs HYEM | |
| ProShares High Yield-Interest Rate Hedged | 4.17% | 179.11M | May 2013 | ODHY vs HYHG | |
| iShares Interest Rate Hedged High Yield Bond ETF | 3.69% | 566.14M | May 2014 | ODHY vs HYGH |
Lowest Volatility Alternatives to ODHY
ODHY has 2.55% 1-year volatility. There are 7 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 | 1.33% | 907.20M | Aug 2018 | ODHY vs BSJQ | |
| Pacific Global Senior Loan ETF | 1.47% | 637.48M | Feb 2015 | ODHY vs FLRT | |
| State Street My2027 High Yield Corporate Bond ETF | 1.81% | 4.98M | Feb 2026 | ODHY vs MYHA | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | 1.94% | 852.94M | Sep 2019 | ODHY vs BSJR |
Lowest Drawdown Alternatives to ODHY
ODHY has a 1-year max drawdown of -1.96%. There are 21 ETFs in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.54%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco BulletShares 2026 High Yield Corp Bond ETF | -0.54% | 907.20M | Aug 2018 | ODHY vs BSJQ | |
| iShares iBonds 2027 Term High Yield and Income ETF | -0.73% | 499.12M | Jul 2021 | ODHY vs IBHG | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | -1.16% | 852.94M | Sep 2019 | ODHY vs BSJR | |
| iShares iBonds 2028 Term High Yield and Income ETF | -1.22% | 450.96M | Mar 2022 | ODHY vs IBHH | |
| iShares iBonds 1-5 Year High Yield and Income Ladd... | -1.23% | 22.06M | 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 | 77 | 2.98% | 36.96M | Apr 2024 | ODHY vs OOSP | |
| Obra High Grade Structured Products ETF | Multisector Bonds | 97 | 2.33% | 29.65M | Apr 2024 | ODHY vs OGSP |
Often Compared With ODHY
Investors most often compare ODHY with FSYD, USHY, BSJO. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
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