ODHY vs QQQ
Obra Defensive High Yield ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. ODHY offers more diversification with 141 holdings.
Side-by-Side Comparison
| Metric | ODHY | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.18% | |
| AUM | $5M | $496.3B | |
| Dividend Yield | 5.69% | 0.44% | |
| Holdings | 141 | 108 | |
| YTD Return | +1.83% | +16.64% | |
| 1Y Return | +4.58% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 2.1% | 30.6% | |
| Max Drawdown | -2.0% | -83.0% | |
| Fund Family | Obra Fund Management | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 30, 2025 | Mar 10, 1999 |
ODHY vs QQQ Performance
Obra Defensive High Yield ETF (ODHY) is a ETF from Obra Fund Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ODHY returned +4.58% while QQQ returned +27.27%. Year to date, ODHY is up 1.83% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% 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 -2.0% for ODHY and -83.0% for QQQ. 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 0.40. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ODHY charges 0.50% per year while QQQ charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, ODHY currently yields 5.69% against 0.44% for QQQ.
Holdings Overlap
ODHY and QQQ share 0 holdings out of 231 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, ODHY or QQQ?
ODHY has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, ODHY or QQQ?
Over the past year ODHY returned +4.58% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), ODHY annualized +3.56% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, ODHY or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 2.1% for ODHY. Worst drawdown: ODHY -2.0% vs QQQ -83.0%.
Should I hold both ODHY and QQQ?
ODHY and QQQ have a monthly-return correlation of 0.40, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ODHY and QQQ?
ODHY and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 231 unique securities.
Which pays a higher dividend, ODHY or QQQ?
ODHY yields 5.69% while QQQ yields 0.44%, so ODHY currently pays the higher dividend yield.
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