IVV vs ODHY
iShares Core S&P 500 ETF vs Obra Defensive High Yield ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | ODHY | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.50% | |
| AUM | $907.0B | $5M | |
| Dividend Yield | 1.10% | 5.69% | |
| Holdings | 508 | 141 | |
| YTD Return | +14.29% | +1.88% | |
| 1Y Return | +21.79% | +4.53% | |
| 3Y Return (annualized) | +22.19% | - | |
| 5Y Return (annualized) | +13.28% | - | |
| Volatility (annualized) | 15.1% | 2.1% | |
| Max Drawdown | -56.5% | -2.0% | |
| Fund Family | iShares by BlackRock (US) | Obra Fund Management | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Jun 30, 2025 |
IVV vs ODHY Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Obra Defensive High Yield ETF (ODHY) is a ETF from Obra Fund Management. Over the past year IVV returned +21.79% while ODHY returned +4.53%. Year to date, IVV is up 14.29% versus a gain of 1.88% for ODHY.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 2.1% for ODHY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -2.0% for ODHY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while ODHY charges 0.50%. On a $10,000 position that is $3 vs $50 annually, a gap of $47 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 5.69% for ODHY.
Holdings Overlap
IVV and ODHY share 0 holdings out of 634 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or ODHY?
IVV has an expense ratio of 0.03% while ODHY charges 0.50%. IVV is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, IVV or ODHY?
Over the past year IVV returned +21.79% vs +4.53% for ODHY, so IVV leads on 1-year performance. Over the longest common window we track (1 years), IVV annualized +7.06% vs +3.67% for ODHY. Past performance does not guarantee future results.
Which is riskier, IVV or ODHY?
IVV has been the more volatile fund at 15.1% annualized versus 2.1% for ODHY. Worst drawdown: IVV -56.5% vs ODHY -2.0%.
Should I hold both IVV and ODHY?
IVV and ODHY have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and ODHY?
IVV and ODHY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 634 unique securities.
Which pays a higher dividend, IVV or ODHY?
IVV yields 1.10% while ODHY yields 5.69%, so ODHY currently pays the higher dividend yield.
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