ODHY vs. ESHY

Last updated Aug 5, 2026

ODHY (Obra Defensive High Yield ETF) and ESHY (Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF) are both High Yield Bonds funds. ODHY is actively managed, while ESHY is passively managed. ODHY charges 0.50%/yr vs 0.20%/yr for ESHY.

Performance

ODHY vs. ESHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Obra Defensive High Yield ETF (ODHY) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ODHY

• 1D: 0.30%
• 1M: 0.26%
• 6M: 1.42%
• YTD: 1.84%
• 1Y: 4.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.67%

ESHY

• 1D: 0.00%
• 1M: 0.00%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	$0.00	$0.00	$0.00
ODHY Obra Defensive High Yield ETF	$329.58	$207.80	$106.18

ODHY vs. ESHY - Yearly Performance Comparison

	2026 (YTD)
ODHY Obra Defensive High Yield ETF	1.42%
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%

Return for Risk

ODHY vs. ESHY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ODHY

ODHY Risk / Return Rank: 73
ODHY Sharpe Ratio Rank: 70
ODHY Sortino Ratio Rank: 77
ODHY Omega Ratio Rank: 81
ODHY Calmar Ratio Rank: 59
ODHY Martin Ratio Rank: 76

ESHY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ODHY vs. ESHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Obra Defensive High Yield ETF (ODHY) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ODHY	ESHY	Difference
Sharpe ratio: Return per unit of total volatility	1.82	—	—
Sortino ratio: Return per unit of downside risk	2.81	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	2.40	—	—
Martin ratio: Return relative to average drawdown	10.93	—	—

Drawdowns

ODHY vs. ESHY - Drawdown Comparison

The maximum ODHY drawdown since its inception was -1.96%, which is greater than ESHY's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for ODHY and ESHY.

Drawdown Indicators

	ODHY	ESHY	Difference
Max Drawdown Largest peak-to-trough decline	-1.96%	0.00%	-1.96%
Max Drawdown (1Y) Largest decline over 1 year	-1.96%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.31%	0.00%	-0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.43%	—	—

Volatility

Volatility by Period

	ODHY	ESHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.12%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.59%	0.00%	+2.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.67%	0.00%	+2.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.67%	0.00%	+2.67%

ODHY vs. ESHY - Expense Ratio Comparison

ODHY has a 0.50% expense ratio, which is higher than ESHY's 0.20% expense ratio.

Dividends

ODHY vs. ESHY - Dividend Comparison

ODHY's dividend yield for the trailing twelve months is around 5.22%, while ESHY has not paid dividends to shareholders.

Position	TTM	2025
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%	0.00%
ODHY Obra Defensive High Yield ETF	5.22%	2.62%

Frequently Asked Questions

Which ETF is better, ODHY or ESHY?

On fees, ESHY is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ODHY or ESHY?

ESHY is cheaper with a 0.20% expense ratio, compared with 0.50% for ODHY.

Which ETF pays a higher dividend yield, ODHY or ESHY?

ODHY has the higher dividend yield at 5.22%, compared with 0.00% for ESHY.

What is the main difference between ODHY and ESHY?

They also come from different issuers: Obra and Deutsche Bank. Their fees differ too: 0.50% for ODHY and 0.20% for ESHY.