ODHY vs SCHD
Obra Defensive High Yield ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. ODHY offers more diversification with 129 holdings.
Side-by-Side Comparison
| Metric | ODHY | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.06% | |
| AUM | $5M | $103.7B | |
| Dividend Yield | 5.65% | 3.31% | |
| Holdings | 141 | 104 | |
| YTD Return | +1.68% | +25.62% | |
| 1Y Return | +4.43% | +32.62% | |
| 3Y Return (annualized) | - | +15.58% | |
| 5Y Return (annualized) | - | +9.63% | |
| Volatility (annualized) | 2.1% | 13.6% | |
| Max Drawdown | -2.0% | -33.4% | |
| Fund Family | Obra Fund Management | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Jun 30, 2025 | Oct 20, 2011 |
ODHY vs SCHD Performance
Obra Defensive High Yield ETF (ODHY) is a ETF from Obra Fund Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year ODHY returned +4.43% while SCHD returned +32.62%. Year to date, ODHY is up 1.68% versus a gain of 25.62% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% 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 -33.4% for SCHD. 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 0.41. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ODHY charges 0.50% per year while SCHD charges 0.06%. On a $10,000 position that is $50 vs $6 annually, a gap of $44 per year that compounds over a long holding period. On income, ODHY currently yields 5.65% against 3.31% for SCHD.
Holdings Overlap
ODHY and SCHD share 0 holdings out of 229 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 SCHD?
ODHY has an expense ratio of 0.50% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $44 per year of difference.
Which performed better, ODHY or SCHD?
Over the past year ODHY returned +4.43% vs +32.62% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), ODHY annualized +3.51% vs +11.47% for SCHD. Past performance does not guarantee future results.
Which is riskier, ODHY or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 2.1% for ODHY. Worst drawdown: ODHY -2.0% vs SCHD -33.4%.
Should I hold both ODHY and SCHD?
ODHY and SCHD have a monthly-return correlation of 0.41, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ODHY and SCHD?
ODHY and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 229 unique securities.
Which pays a higher dividend, ODHY or SCHD?
ODHY yields 5.65% while SCHD yields 3.31%, so ODHY currently pays the higher dividend yield.
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