ODHY vs. XHYE
ODHY (Obra Defensive High Yield ETF) and XHYE (BondBloxx US High Yield Energy Sector ETF) are both High Yield Bonds funds. A 0.50 correlation means they provide meaningful diversification when combined. ODHY charges 0.50%/yr vs 0.35%/yr for XHYE.
Performance
ODHY vs. XHYE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ODHY achieves a 1.08% return, which is significantly lower than XHYE's 3.57% return.
ODHY
- 1D
- 0.08%
- 1M
- 0.28%
- YTD
- 1.08%
- 6M
- 1.50%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XHYE
- 1D
- 0.00%
- 1M
- -0.19%
- YTD
- 3.57%
- 6M
- 3.82%
- 1Y
- 8.97%
- 3Y*
- 8.50%
- 5Y*
- —
- 10Y*
- —
ODHY vs. XHYE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ODHY Obra Defensive High Yield ETF | 1.08% | 2.15% |
XHYE BondBloxx US High Yield Energy Sector ETF | 3.57% | 3.63% |
Correlation
The correlation between ODHY and XHYE is 0.50, 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 Jul 1, 2025 | 0.50 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ODHY vs. XHYE — Risk / Return Rank
ODHY
XHYE
ODHY vs. XHYE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Obra Defensive High Yield ETF (ODHY) and BondBloxx US High Yield Energy Sector ETF (XHYE). 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.
Loading charts...
Sharpe Ratios by Period
| ODHY | XHYE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 3.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.29 | 0.84 | +0.45 |
Drawdowns
ODHY vs. XHYE - Drawdown Comparison
The maximum ODHY drawdown since its inception was -1.96%, smaller than the maximum XHYE drawdown of -8.87%. Use the drawdown chart below to compare losses from any high point for ODHY and XHYE.
Loading charts...
Drawdown Indicators
| ODHY | XHYE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.96% | -8.87% | +6.91% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.21% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.40% | — |
Current DrawdownCurrent decline from peak | -0.10% | -0.36% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -0.34% | -1.42% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.38% | — |
Volatility
ODHY vs. XHYE - Volatility Comparison
Loading charts...
Volatility by Period
| ODHY | XHYE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.56% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.98% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.73% | 3.24% | -0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.73% | 7.60% | -4.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.73% | 7.60% | -4.87% |
ODHY vs. XHYE - Expense Ratio Comparison
ODHY has a 0.50% expense ratio, which is higher than XHYE's 0.35% expense ratio.
Dividends
ODHY vs. XHYE - Dividend Comparison
ODHY's dividend yield for the trailing twelve months is around 4.78%, less than XHYE's 5.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ODHY Obra Defensive High Yield ETF | 4.78% | 2.62% | 0.00% | 0.00% | 0.00% |
XHYE BondBloxx US High Yield Energy Sector ETF | 5.79% | 6.55% | 7.04% | 6.46% | 5.46% |
Frequently Asked Questions
ODHY and XHYE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XHYE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XHYE is cheaper with a 0.35% expense ratio, compared with 0.50% for ODHY.
XHYE has the higher dividend yield at 5.79%, compared with 4.78% for ODHY.
They also come from different issuers: Obra and BondBloxx. Their fees differ too: 0.50% for ODHY and 0.35% for XHYE.
Find the right allocation for ODHY and XHYE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer