ODHY vs VOO
Obra Defensive High Yield ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | ODHY | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | $5M | $979.0B | |
| Dividend Yield | 5.65% | 1.09% | |
| Holdings | 141 | 509 | |
| YTD Return | +1.88% | +14.48% | |
| 1Y Return | +4.31% | +22.02% | |
| 3Y Return (annualized) | - | +21.80% | |
| 5Y Return (annualized) | - | +13.36% | |
| Volatility (annualized) | 2.1% | 14.2% | |
| Max Drawdown | -2.0% | -34.3% | |
| Fund Family | Obra Fund Management | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 30, 2025 | Sep 7, 2010 |
ODHY vs VOO Performance
Obra Defensive High Yield ETF (ODHY) is a ETF from Obra Fund Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year ODHY returned +4.31% while VOO returned +22.02%. Year to date, ODHY is up 1.88% versus a gain of 14.48% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% 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 -34.3% for VOO. 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
ODHY charges 0.50% per year while VOO charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, ODHY currently yields 5.65% against 1.09% for VOO.
Holdings Overlap
ODHY and VOO 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, ODHY or VOO?
ODHY has an expense ratio of 0.50% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, ODHY or VOO?
Over the past year ODHY returned +4.31% vs +22.02% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), ODHY annualized +3.68% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, ODHY or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 2.1% for ODHY. Worst drawdown: ODHY -2.0% vs VOO -34.3%.
Should I hold both ODHY and VOO?
ODHY and VOO 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 ODHY and VOO?
ODHY and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 634 unique securities.
Which pays a higher dividend, ODHY or VOO?
ODHY yields 5.65% while VOO yields 1.09%, so ODHY currently pays the higher dividend yield.
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