ODHY vs. HYXU

Last updated Jun 5, 2026

ODHY (Obra Defensive High Yield ETF) and HYXU (iShares Euro High Yield Corporate Bond USD Hedged ETF) are both High Yield Bonds funds. ODHY charges 0.50%/yr vs 0.35%/yr for HYXU.

Performance

ODHY vs. HYXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Obra Defensive High Yield ETF (ODHY) and iShares Euro High Yield Corporate Bond USD Hedged ETF (HYXU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ODHY

• 1D: 0.08%
• 1M: 0.28%
• YTD: 1.08%
• 6M: 1.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYXU

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

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

ODHY vs. HYXU - Yearly Performance Comparison

	2026 (YTD)
ODHY Obra Defensive High Yield ETF	0.05%
HYXU iShares Euro High Yield Corporate Bond USD Hedged ETF	0.00%

Return for Risk

ODHY vs. HYXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Obra Defensive High Yield ETF (ODHY) and iShares Euro High Yield Corporate Bond USD Hedged ETF (HYXU). 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.

Sharpe Ratios by Period

	ODHY	HYXU	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.29	—	—

Drawdowns

ODHY vs. HYXU - Drawdown Comparison

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

Drawdown Indicators

	ODHY	HYXU	Difference
Max Drawdown Largest peak-to-trough decline	-1.96%	0.00%	-1.96%
Current Drawdown Current decline from peak	-0.10%	0.00%	-0.10%
Average Drawdown Average peak-to-trough decline	-0.34%	0.00%	-0.34%

Volatility

Volatility by Period

	ODHY	HYXU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.73%	0.00%	+2.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.73%	0.00%	+2.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.73%	0.00%	+2.73%

ODHY vs. HYXU - Expense Ratio Comparison

ODHY has a 0.50% expense ratio, which is higher than HYXU's 0.35% expense ratio.

Dividends

ODHY vs. HYXU - Dividend Comparison

ODHY's dividend yield for the trailing twelve months is around 4.78%, while HYXU has not paid dividends to shareholders.

Position	TTM	2025
HYXU iShares Euro High Yield Corporate Bond USD Hedged ETF	0.00%	0.00%
ODHY Obra Defensive High Yield ETF	4.78%	2.62%

Frequently Asked Questions

Which ETF is better, ODHY or HYXU?

On fees, HYXU is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ODHY or HYXU?

HYXU is cheaper with a 0.35% expense ratio, compared with 0.50% for ODHY.

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

ODHY has the higher dividend yield at 4.78%, compared with 0.00% for HYXU.

What is the main difference between ODHY and HYXU?

They also come from different issuers: Obra and iShares. Their fees differ too: 0.50% for ODHY and 0.35% for HYXU.