ODHY vs. FSYD
ODHY (Obra Defensive High Yield ETF) and FSYD (Fidelity Sustainable High Yield ETF) are both High Yield Bonds funds. Their correlation of 0.85 suggests significant overlap in exposure. ODHY charges 0.50%/yr vs 0.55%/yr for FSYD.
Performance
ODHY vs. FSYD - Performance Comparison
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Returns By Period
In the year-to-date period, ODHY achieves a 1.00% return, which is significantly lower than FSYD's 3.35% return.
ODHY
- 1D
- -0.13%
- 1M
- 0.30%
- YTD
- 1.00%
- 6M
- 1.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FSYD
- 1D
- -0.27%
- 1M
- 0.75%
- YTD
- 3.35%
- 6M
- 3.97%
- 1Y
- 10.19%
- 3Y*
- 9.54%
- 5Y*
- —
- 10Y*
- —
ODHY vs. FSYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ODHY Obra Defensive High Yield ETF | 1.00% | 2.15% |
FSYD Fidelity Sustainable High Yield ETF | 3.35% | 4.53% |
Correlation
The correlation between ODHY and FSYD is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025 | 0.85 |
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Return for Risk
ODHY vs. FSYD — Risk / Return Rank
ODHY
FSYD
ODHY vs. FSYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Obra Defensive High Yield ETF (ODHY) and Fidelity Sustainable High Yield ETF (FSYD). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| ODHY | FSYD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.26 | 0.77 | +0.49 |
Drawdowns
ODHY vs. FSYD - Drawdown Comparison
The maximum ODHY drawdown since its inception was -1.96%, smaller than the maximum FSYD drawdown of -12.11%. Use the drawdown chart below to compare losses from any high point for ODHY and FSYD.
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Drawdown Indicators
| ODHY | FSYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.96% | -12.11% | +10.15% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.67% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.49% | — |
Current DrawdownCurrent decline from peak | -0.18% | -0.27% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -0.34% | -2.40% | +2.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.67% | — |
Volatility
ODHY vs. FSYD - Volatility Comparison
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Volatility by Period
| ODHY | FSYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.12% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.13% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.73% | 4.12% | -1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.73% | 7.85% | -5.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.73% | 7.85% | -5.12% |
ODHY vs. FSYD - Expense Ratio Comparison
ODHY has a 0.50% expense ratio, which is lower than FSYD's 0.55% expense ratio.
Dividends
ODHY vs. FSYD - Dividend Comparison
ODHY's dividend yield for the trailing twelve months is around 4.78%, less than FSYD's 6.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FSYD Fidelity Sustainable High Yield ETF | 6.32% | 6.49% | 6.47% | 6.70% | 5.29% |
ODHY Obra Defensive High Yield ETF | 4.78% | 2.62% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ODHY and FSYD have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ODHY is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ODHY is cheaper with a 0.50% expense ratio, compared with 0.55% for FSYD.
FSYD has the higher dividend yield at 6.32%, compared with 4.78% for ODHY.
They also come from different issuers: Obra and Fidelity. Their fees differ too: 0.50% for ODHY and 0.55% for FSYD.
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