ODHY vs VYM
Obra Defensive High Yield ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | ODHY | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.04% | |
| AUM | $5M | $79.0B | |
| Dividend Yield | 5.65% | 2.86% | |
| Holdings | 141 | 568 | |
| YTD Return | +1.78% | +16.53% | |
| 1Y Return | +4.45% | +25.03% | |
| 3Y Return (annualized) | - | +18.54% | |
| 5Y Return (annualized) | - | +12.25% | |
| Volatility (annualized) | 2.1% | 14.6% | |
| Max Drawdown | -2.0% | -58.8% | |
| Fund Family | Obra Fund Management | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 30, 2025 | Nov 10, 2006 |
ODHY vs VYM Performance
Obra Defensive High Yield ETF (ODHY) is a ETF from Obra Fund Management and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year ODHY returned +4.45% while VYM returned +25.03%. Year to date, ODHY is up 1.78% versus a gain of 16.53% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ODHY charges 0.50% per year while VYM charges 0.04%. On a $10,000 position that is $50 vs $4 annually, a gap of $46 per year that compounds over a long holding period. On income, ODHY currently yields 5.65% against 2.86% for VYM.
Holdings Overlap
ODHY and VYM share 0 holdings out of 687 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 VYM?
ODHY has an expense ratio of 0.50% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, ODHY or VYM?
Over the past year ODHY returned +4.45% vs +25.03% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (1 years), ODHY annualized +3.59% vs +7.10% for VYM. Past performance does not guarantee future results.
Which is riskier, ODHY or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 2.1% for ODHY. Worst drawdown: ODHY -2.0% vs VYM -58.8%.
Should I hold both ODHY and VYM?
ODHY and VYM have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ODHY and VYM?
ODHY and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 687 unique securities.
Which pays a higher dividend, ODHY or VYM?
ODHY yields 5.65% while VYM yields 2.86%, so ODHY currently pays the higher dividend yield.
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