ODHY vs. RMRC

Last updated Jul 17, 2026

ODHY (Obra Defensive High Yield ETF) and RMRC (ARMOR Core Risk-Managed ETF) are both exchange-traded funds - ODHY is a High Yield Bonds fund managed by Obra, while RMRC is a Actively Managed fund actively managed by Exchange Traded Concepts. A 0.66 correlation means they provide meaningful diversification when combined. ODHY charges 0.50%/yr vs 0.60%/yr for RMRC.

Performance

ODHY vs. RMRC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Obra Defensive High Yield ETF (ODHY) and ARMOR Core Risk-Managed ETF (RMRC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ODHY

• 1D: -0.05%
• 1M: 0.13%
• 6M: 1.27%
• YTD: 1.57%
• 1Y: 5.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RMRC

• 1D: 0.74%
• 1M: 1.03%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ODHY vs. RMRC - Yearly Performance Comparison

	2026 (YTD)
ODHY Obra Defensive High Yield ETF	0.75%
RMRC ARMOR Core Risk-Managed ETF	3.28%

Correlation

The correlation between ODHY and RMRC is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 24, 2026	0.66

Return for Risk

ODHY vs. RMRC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ODHY

ODHY Risk / Return Rank: 79
ODHY Sharpe Ratio Rank: 79
ODHY Sortino Ratio Rank: 85
ODHY Omega Ratio Rank: 87
ODHY Calmar Ratio Rank: 65
ODHY Martin Ratio Rank: 80

RMRC

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ODHY vs. RMRC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Obra Defensive High Yield ETF (ODHY) and ARMOR Core Risk-Managed ETF (RMRC). 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	RMRC	Difference
Sharpe ratio: Return per unit of total volatility	2.02	—	—
Sortino ratio: Return per unit of downside risk	3.11	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	2.61	—	—
Martin ratio: Return relative to average drawdown	12.10	—	—

Drawdowns

ODHY vs. RMRC - Drawdown Comparison

The maximum ODHY drawdown since its inception was -1.96%, smaller than the maximum RMRC drawdown of -6.57%. Use the drawdown chart below to compare losses from any high point for ODHY and RMRC.

Drawdown Indicators

	ODHY	RMRC	Difference
Max Drawdown Largest peak-to-trough decline	-1.96%	-6.57%	+4.61%
Max Drawdown (1Y) Largest decline over 1 year	-1.96%	—	—
Current Drawdown Current decline from peak	-0.10%	0.00%	-0.10%
Average Drawdown Average peak-to-trough decline	-0.31%	-1.63%	+1.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.42%	—	—

Volatility

Volatility by Period

	ODHY	RMRC	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.57%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.05%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.55%	10.22%	-7.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.67%	10.22%	-7.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.67%	10.22%	-7.55%

ODHY vs. RMRC - Expense Ratio Comparison

ODHY has a 0.50% expense ratio, which is lower than RMRC's 0.60% expense ratio.

Dividends

ODHY vs. RMRC - Dividend Comparison

ODHY's dividend yield for the trailing twelve months is around 5.21%, more than RMRC's 0.58% yield.

Position	TTM	2025
ODHY Obra Defensive High Yield ETF	5.21%	2.62%
RMRC ARMOR Core Risk-Managed ETF	0.58%	0.00%

Frequently Asked Questions

Can I hold both ODHY and RMRC in my portfolio?

ODHY and RMRC have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ODHY or RMRC?

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.

Which ETF is cheaper, ODHY or RMRC?

ODHY is cheaper with a 0.50% expense ratio, compared with 0.60% for RMRC.

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

ODHY has the higher dividend yield at 5.21%, compared with 0.58% for RMRC.

What is the main difference between ODHY and RMRC?

ODHY is categorized as High Yield Bonds, while RMRC is Actively Managed. They also come from different issuers: Obra and Exchange Traded Concepts. Their fees differ too: 0.50% for ODHY and 0.60% for RMRC.