USFI vs. ODHY

Last updated Jul 10, 2026

USFI (BrandywineGLOBAL - U.S. Fixed Income ETF) and ODHY (Obra Defensive High Yield ETF) are both exchange-traded funds - USFI is a Actively Managed fund actively managed by BrandywineGLOBAL, while ODHY is a High Yield Bonds fund managed by Obra. Over the past year, USFI returned 4.92% vs 4.79% for ODHY. A 0.55 correlation means they provide meaningful diversification when combined. USFI charges 0.39%/yr vs 0.50%/yr for ODHY.

Performance

USFI vs. ODHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BrandywineGLOBAL - U.S. Fixed Income ETF (USFI) and Obra Defensive High Yield ETF (ODHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USFI achieves a 1.17% return, which is significantly lower than ODHY's 1.47% return.

USFI

• 1D: 0.20%
• 1M: 0.14%
• 6M: 1.09%
• YTD: 1.17%
• 1Y: 4.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ODHY

• 1D: 0.00%
• 1M: 0.54%
• 6M: 1.27%
• YTD: 1.47%
• 1Y: 4.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

USFI vs. ODHY - Yearly Performance Comparison

	2026 (YTD)	2025
USFI BrandywineGLOBAL - U.S. Fixed Income ETF	1.17%	3.43%
ODHY Obra Defensive High Yield ETF	1.47%	2.15%

Correlation

The correlation between USFI and ODHY is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025	0.55

The correlation between USFI and ODHY has been stable across timeframes, ranging from 0.54 to 0.55 - a consistent structural relationship.

Return for Risk

USFI vs. ODHY — Risk / Return Rank

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

USFI

USFI Risk / Return Rank: 68
USFI Sharpe Ratio Rank: 55
USFI Sortino Ratio Rank: 65
USFI Omega Ratio Rank: 57
USFI Calmar Ratio Rank: 91
USFI Martin Ratio Rank: 75

ODHY

ODHY Risk / Return Rank: 75
ODHY Sharpe Ratio Rank: 74
ODHY Sortino Ratio Rank: 81
ODHY Omega Ratio Rank: 83
ODHY Calmar Ratio Rank: 61
ODHY Martin Ratio Rank: 76

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.

USFI vs. ODHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BrandywineGLOBAL - U.S. Fixed Income ETF (USFI) and Obra Defensive High Yield ETF (ODHY). 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.

	USFI	ODHY	Difference
Sharpe ratio: Return per unit of total volatility	1.50	1.88	-0.38
Sortino ratio: Return per unit of downside risk	2.40	2.88	-0.49
Omega ratio: Gain probability vs. loss probability	1.28	1.39	-0.11
Calmar ratio: Return relative to maximum drawdown	4.62	2.45	+2.17
Martin ratio: Return relative to average drawdown	11.07	11.35	-0.28

USFI vs. ODHY - Sharpe Ratio Comparison

The current USFI Sharpe Ratio is 1.50, which is comparable to the ODHY Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of USFI and ODHY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

USFI vs. ODHY - Drawdown Comparison

The maximum USFI drawdown since its inception was -8.47%, which is greater than ODHY's maximum drawdown of -1.96%. Use the drawdown chart below to compare losses from any high point for USFI and ODHY.

Drawdown Indicators

	USFI	ODHY	Difference
Max Drawdown Largest peak-to-trough decline	-8.47%	-1.96%	-6.51%
Max Drawdown (1Y) Largest decline over 1 year	-1.07%	-1.96%	+0.89%
Current Drawdown Current decline from peak	-0.39%	-0.20%	-0.19%
Average Drawdown Average peak-to-trough decline	-2.09%	-0.32%	-1.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.45%	0.42%	+0.03%

Volatility

USFI vs. ODHY - Volatility Comparison

BrandywineGLOBAL - U.S. Fixed Income ETF (USFI) has a higher volatility of 0.90% compared to Obra Defensive High Yield ETF (ODHY) at 0.62%. This indicates that USFI's price experiences larger fluctuations and is considered to be riskier than ODHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USFI	ODHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.90%	0.62%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	1.61%	2.03%	-0.42%
Volatility (1Y) Calculated over the trailing 1-year period	3.36%	2.56%	+0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.91%	2.68%	+4.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.91%	2.68%	+4.23%

USFI vs. ODHY - Expense Ratio Comparison

USFI has a 0.39% expense ratio, which is lower than ODHY's 0.50% expense ratio.

Dividends

USFI vs. ODHY - Dividend Comparison

USFI's dividend yield for the trailing twelve months is around 4.43%, less than ODHY's 5.21% yield.

Position	TTM	2025	2024	2023
ODHY Obra Defensive High Yield ETF	5.21%	2.62%	0.00%	0.00%
USFI BrandywineGLOBAL - U.S. Fixed Income ETF	4.43%	4.42%	4.60%	1.83%

Frequently Asked Questions

Can I hold both USFI and ODHY in my portfolio?

USFI and ODHY have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USFI or ODHY?

USFI has higher volatility (0.90%) compared to ODHY (0.62%). In terms of maximum drawdown, USFI dropped -8.47% vs ODHY's -1.96%.

Which ETF is better, USFI or ODHY?

On 1-year performance, USFI leads with 4.92% vs 4.79% for ODHY. On fees, USFI is cheaper at 0.39% per year. On volatility, ODHY has been the lower-risk option at 0.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USFI or ODHY?

Over the 1-year period, USFI has performed better with a 4.92% return vs 4.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USFI or ODHY?

USFI is cheaper with a 0.39% expense ratio, compared with 0.50% for ODHY.

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

ODHY has the higher dividend yield at 5.21%, compared with 4.43% for USFI.

What is the main difference between USFI and ODHY?

USFI is categorized as Actively Managed, while ODHY is High Yield Bonds. They also come from different issuers: BrandywineGLOBAL and Obra. Their fees differ too: 0.39% for USFI and 0.50% for ODHY.

Which has better risk-adjusted returns?

ODHY currently has the higher Sharpe Ratio (1.88 vs 1.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.