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 87 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% | 2.54B | Jul 2023 | ODHY vs SCYB | |
| SPDR Portfolio High Yield Bond ETF | 0.05% | 11.07B | Jun 2012 | ODHY vs SPHY | |
| iShares Broad USD High Yield Corporate Bond ETF | 0.15% | 26.83B | Oct 2017 | ODHY vs USHY | |
| Xtrackers USD High Yield Corporate Bond ETF | 0.15% | 3.48B | Dec 2016 | ODHY vs HYLB | |
| JPMorgan BetaBuilders USD High Yield Corporate Bon... | 0.15% | 608.96M | Sep 2016 | ODHY vs BBHY |
Best Risk-Adjusted Alternatives to ODHY
Among 94 ETFs in the High Yield Bonds category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds 2025 Term High Yield & Income ETF | 97 | 364.90M | May 2019 | ODHY vs IBHE | |
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 95 | 1.03B | Aug 2018 | ODHY vs BSJQ | |
| BondBloxx US High Yield Energy Sector ETF | 94 | 5.96M | Feb 2022 | ODHY vs XHYE | |
| Pacific Global Senior Loan ETF | 85 | 615.17M | Feb 2015 | ODHY vs FLRT | |
| iShares iBonds 1-5 Year High Yield and Income Ladd... | 85 | 8.41M | Nov 2024 | ODHY vs LDRH |
Top Performing ODHY Alternatives (YTD)
ODHY is at 1.00% YTD. There are 76 ETFs in the High Yield Bonds category with higher YTD returns, going as high as 14.37%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Digital Asset Debt Strategy ETF | 14.37% | — | Aug 2025 | ODHY vs DADS | |
| VanEck Vectors Emerging Markets High Yield Bond ET... | 3.92% | 510.68M | May 2012 | ODHY vs HYEM | |
| BondBloxx US High Yield Energy Sector ETF | 3.57% | 5.96M | Feb 2022 | ODHY vs XHYE | |
| Fidelity Sustainable High Yield ETF | 3.35% | 112.95M | Feb 2022 | ODHY vs FSYD | |
| ProShares High Yield-Interest Rate Hedged | 2.90% | 173.54M | May 2013 | ODHY vs HYHG |
Lowest Volatility Alternatives to ODHY
ODHY has 2.73% 1-year volatility. There are 14 ETFs in the High Yield Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds 2024 Term High Yield & Income ETF | 0.00% | 310.08M | May 2019 | ODHY vs IBHD | |
| Invesco BulletShares 2024 High Yield Corporate Bon... | 0.00% | 437.22M | Sep 2016 | ODHY vs BSJO | |
| Xtrackers J.P. Morgan ESG USD High Yield Corporate... | 0.00% | 6.49M | Mar 2015 | ODHY vs ESHY | |
| iShares Euro High Yield Corporate Bond USD Hedged ... | 0.00% | 71.08M | Apr 2012 | ODHY vs HYXU | |
| iShares iBonds 2025 Term High Yield & Income ETF | 0.78% | 364.90M | May 2019 | ODHY vs IBHE |
Lowest Drawdown Alternatives to ODHY
Among 94 ETFs in the High Yield Bonds category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.22%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds 2025 Term High Yield & Income ETF | -0.22% | 364.90M | May 2019 | ODHY vs IBHE | |
| Invesco BulletShares 2026 High Yield Corp Bond ETF | -0.54% | 1.03B | Aug 2018 | ODHY vs BSJQ | |
| iShares iBonds 2027 Term High Yield and Income ETF | -0.73% | 437.71M | Jul 2021 | ODHY vs IBHG | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | -1.16% | 849.28M | Sep 2019 | ODHY vs BSJR | |
| BondBloxx US High Yield Energy Sector ETF | -1.21% | 5.96M | Feb 2022 | ODHY vs XHYE |
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 | 68 | 2.41% | 36.96M | Apr 2024 | ODHY vs OOSP | |
| Obra High Grade Structured Products ETF | Multisector Bonds | 95 | 1.64% | 29.65M | Apr 2024 | ODHY vs OGSP |
Often Compared With ODHY
Investors most often compare ODHY with HYZD, PHYD, IBHH. These 4 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| WisdomTree Interest Rate Hedged High Yield Bond Fu... | High Yield Bonds | 81 | 2.51% | 234.27M | Dec 2013 | ODHY vs HYZD | |
| Putnam ESG High Yield ETF - | High Yield Bonds | 78 | 2.16% | 7.67M | Jan 2023 | ODHY vs PHYD | |
| iShares iBonds 2028 Term High Yield and Income ETF | High Yield Bonds | 82 | 1.66% | 445.79M | Mar 2022 | ODHY vs IBHH | |
| Principal Active High Yield ETF | High Yield Bonds | 59 | 2.83% | 544.60M | 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