When comparing Ulysses III vs Obsidian md, the Slant community recommends Ulysses III for most people. In the question“What are the best Markdown editors for OS X?” Ulysses III is ranked 4th while Obsidian md is ranked 9th. The most important reason people chose Ulysses III is:
A few themes are baked in and a big selection of [user-contributed styles](http://styles.ulyssesapp.com/) to choose from are available on the Ulysses Style Exchange.
Specs
Ranked in these QuestionsQuestion Ranking
Pros
Pro Highly customizable
A few themes are baked in and a big selection of user-contributed styles to choose from are available on the Ulysses Style Exchange.
Pro Does not distract the user
Ulysses has a clean, unobtrusive, easy to overview interface that allows focusing on writing. By default it's split up in 3 panes with sidebar, sheet pane and content pane from left to right. Unnecessary panes can be hidden.
Pro No Markdown syntax knowledge required
Markdown formatting can be applied from the right-click menu, with keyboard shortcuts or from an optional markup bar. Necessary elemants to links, images, and footnotes are added by filling in a popover.
Pro Can paste rich text and import from Word
Pasted rich text and imported Word documents keep their formatting when converted to Markdown.
Pro Attachments can be added
Attachments such as images, text notes, keywords and writing goals can be added to content. And to organize them keywords can be added.
Pro Great tools for organizing and finding files
Ulysses saves everything in the app so there's no file management outside of the editor involved. It organizes content in groups (folders) and sheets (files), has a powerful, easy to use search and allows adding keywords to attachments to help them be organized and found quickly.
Groups can have an unlimited amount of subgroups and the title of subgroup shows up in the pane view. Sheets can be split up, merged, glued together and easily moved around in the sheet pane by dragging and dropping. Great for splitting up larger documents into manageable chunks while still keeping an overview of the whole project and having the ability to move sections around quickly.
Contents of a group can be filtered by text, keywords or change date within headings, code blocks, images or any other marked up text. Filters can contain a combination of conditions and be saved to make a new group. Saved filters can be moved around to different groups and will return filtered results for that group. Selecting multiple groups will show the combined sheets of those groups.
Pro Keyboard navigation
You can operate Ulysses via keyboard only. No need for mouse.
Pro Multiple preview and export options
The editor can export to Plain Text, RTF, Word, HTML, ePub and PDF with customizable styles for each option. It can also preview HTML directly in the browser.
Pro Inline formatting
There's no live-preview pane or an external previewer necessary. Ulysses displays styling inline.
Pro Includes features for not losing place
Ulysses has options for highlighting current line, showing line numbers and enabling typewriter mode. Typewriter mode defines a place on the screen where the cursor should be so eyes are kept focusing in one place on the screen.
Pro Syncs via iCloud
Content can be synchronised across devices via Apple's iCloud.
Pro Comprehensive documentation
Ulysses comes with an excellently written documentation that covers everything there is to know about the software, including an extensive list of keyboard shortcuts as well as short and sweet introduction to Markdown and its benefits.
Pro Allows the user to work anywhere and on any Apple device of their choice
Ulysses is available for both macOS and iOS. This, combined with the cloud syncing allows users to work on their projects using any Apple device they have at the time.
Pro Displays statistics including how long it takes to read the document
The editor tracks statistics that shows how many characters, words, sentences, paragraphs, and pages a document contains and estimated reading time for slow, average, and fast readers. The statistics display in a popover that can be torn-off so it's constantly visible.
Pro Helps get stuff done
Goals such as how many characters, words, sentences, paragraphs, lines or pages should be written can be set to help get motivated.
Pro Powerful organization features
Groups, tagging, and notes for each document.
Pro Helpful support
Staff is helpful in answering questions on how to use the app.
Pro A demo version is available
A time (10hrs) and usage limited demo for Ulysses III is available.
Pro Locally stored, not dependent on cloud
Everything is stored in your device. You can back them up, encrypt and process however you want to. Works completely offline. Read your notes anytime, anywhere.
Pro Markdown makes for flatter learning curve
Pro Lightweight and very customizable
Variety of settings, and community themes & plugins, available from built-in marketplace. Every community plugin is open-source which means you can learn from it and develop your own.
Pro Backlinking
This allows you to link notes back and forth really easily.
Pro Fast growing
It's becoming more powerful everyday, it seems like they add many functions within several days.

Pro Cross-platform: works on Linux, MacOS, Windows, Android and iOS
Pro Very easy to use and link notes, preserves the standard form of markdown
Linking notes is a game changing feature. Very easy to use and link notes. Their implementation of markdown doesn't deviate from the standard form of markdown and so the same files can be used by other markdown programs without any consequence.
While renaming note link still works.
Pro Multiple Vaults
A Vault in Obsidian is like a database. Internal links and files are not shared across Vaults. Each Vault is opened with a separate instance of Obsidian. Each Vault can have its unique app settings and plug-ins. Useful if you have distinct/unrelated projects or "data spaces" requiring different workflows and data relations.
Pro In-line tagging
Ability to tag-as-you-write and find each occurrence of a tag in the entire vault makes it very easy to organize and retrieve notes. Supports nested tags.
Pro Infinite panes, split panes, lock panes
In Obsidian, pane = window = note = page
Obsidian allows you to open as many notes as you can fit concurrently in your screen. You can split a pane horizontally/vertically. You can lock/link panes so they scroll in sync, useful for and edit & preview modes.
Pro Functionality extensions with a growing number of plugins
Also open for anyone to develop their own extensions/plugins.
Pro Daily Notes with template
Daily Notes plug-in, when clicked, generates a new note with the current date. Great for journaling and reduces friction in your writing habit.
You can create a custom template for your Daily Note.
Pro Helps visualize personal knowledge in ways nothing else allows
The Graph view is more than an aesthetic gizmo. It allows you to grasp and recognise clusters of information, follow branches and easily filter out what you don't want to see. The "animate" option shows how your notes and links have grown organically. With a bit of tweaking to the visuals and the proper theme, your graph might even start to look like a disturbingly "alive", eerie thing.
Pro Random note
A plugin that, when clicked, surfaces a random note from your vault.
Pro Support for tags
Pro Readable as it hides the [[ ]] around links when in Preview mode
This is a big difference, as having to read through long-form texts laden with [[links]] gives friction.
Pro Slides for giving presentations from within Obsidian
Easily turn your notes into simple yet sleek powerpoint-style presentations by enabling the Slides plugin and adding the --- separator.
Pro Markdown rather than outline/blocks
Pro Keyboard shortcuts, Vim key bindings
Hotkeys can be customized in settings.
Can switch on or off Vim key bindings in the editor settings.
Pro Great onboarding experience
The onboarding consists of well-written help documentation (saved as a vault) served in small chunks and organized systematically so that you become familiar with all its features as well as get hands-on experience in real time.
Pro Community of developers building themes and plug-ins
Due to the tool being very developer-friendly, there are tons of cool developments being made to it by 3rd party devs.
Pro Page previews on hover
When you hover on an internal [[link]], you get to preview the note without opening it on a new pane.
Page preview plugin must be enabled.
Pro Intuitive and easy to use with an excellent help system built-in
The app doesn't frustrate the user - the built-in help is excellent.
Pro Embedding attachments, such as PDF
Variety of file formats are directly embedded in the markdown preview, e.g. markdown, image, audio, video and PDF files.
Pro Exporting as PDF
Allows exporting your markdown files as PDFs rendered with all of your plugins.
Pro Calendar
Daily and Weekly notes with Calendar Plugin.
Pro Graph view
A pretty, alternative way to represent links between your notes.
Pro Multiple cursors
A feature unseen in other tools.
From the help doc, "This can be useful when modifying a lot of lines in the same way, for example putting - at the beginning of multiple lines to turn them into a list, or appending [[ to a series of links you’ve copied from elsewhere."
Pro Can copy search results and paste as lists and/or links in a new or existing note
Pro Advanced search
Supports extended searching by default. Community plugin called "Vantage" allows to make more advanced queries.
Pro Git integration
Version Control for your vault with Obsidian Git plugin.
Pro Aliases
Allows to refer to a note with multiple names.
Pro Big and helpful community
There's a Discord server and a forum. Join the community!
Pro Not locked to a provider
No lock-in to a certain company - just markdown files on disk.
Pro Mindmaps
Available as a plugin.
Pro Math
Uses MathJax.
Pro Templates
Allows to create templates with built-in plugin. There's also powerful community plugin called "Templater".
Pro Diagrams
Uses Mermaid.
Pro Linking to blocks
You can link to a block - e.g.: paragraph, blockquote, heading.
Pro Metadata
Add a custom metadata to a note with YAML front matter.
Pro Sketching
With Excalidraw.
Pro Academic citations
Supports Citations and provides inserting from Zotero.
Pro SQL-like queries
Advanced queries for the data-obsessed with Dataview Plugin.
Pro Workspaces
Saving and loading workspaces.
Pro Built-in Audio Recorder
Pro Folders and file level storage which is open to manage, does not lock navigation
With other options like notion, we can not see how the data is actually stored.
Pro HTML Support
Use HTML in a note.
Pro Incredible tool for PKM (Personal Knowledge Management) which allows anyone who has a computer and an internet connection to think better and create new insights
Pro Helps with planning and organization.
Variety of planning and organization plugins, such as Kanban boards or Day Planner.
Pro Supports importing from other tools
Supports importing from tools such as Notion, Evernote, OneNote, Apple Notes, Bear, Zkn3, TiddlyWiki 5, and Roam Research. Refer to Obsidian Help for more info.
Pro Supports several languages
Translations are made by the community at GitHub repository.
Pro Discord rich presence
Update your Discord status to show your friends what are you working on with Discord Rich Presence plugin.
Pro Syntax highlighting for code blocks
Pro Snapshots, file recovery, trash folder
Pro Copy and paste images easily
When taking notes, you can just grab a print screen from your clipboard and paste into the notes without having to do any file management
Cons
Con Subscription-based
Ulysses now operates on a subscription-based model. $4.99/month or $39.99/year. It is not currently possible to pay once and keep it.
Con Overwrites imported markdown files
When previously written markdown files are imported, they're converted to Ulysses' version of Markdown and original files are overwritten.
Con Proprietary file format
Text is saved in a database in proprietary format. Meaning, your notes can't be accessed other than through the app, and cannot be moved other than by exporting them.
Con Expensive
Con Cannot render code blocks
You can go around this limitation, but it is complex and not so pretty looking as it is in other Markdown Editors.
Con Lacks a LaTeX-exporter
Con iOS and Mac versions have to be bought separately
The iOS version costs $24.99 and the macOS version costs $44.99. They have to be bought separately in order to be used on those devices.
Con Automatic switching of sheets can be confusing
Scrolling down when at the bottom of a sheet will switch to next sheet. When unexpected, this behavior can be confusing to some.
Con No proper right-to-left support in PDF
Ulysses lacks right-to-left support that was available in the previous incarnation of this software.
Con Proprietary Markdown extensions but no MultiMarkdown
Con Not cross platform
Con Cursor rendering issues
Con Closed Source
Con Needs to be better at block level references, searches, tagging
For example, if you want a tag a block of text, for obsidian, its the whole page that will get tagged.
Con Proprietary software lock-in
Creates dependence on the application with the promise that the content is yours but that cannot be entirely true without the application being free and open source software. You will end up altering the way you create the content to take advantage of Obsidian features and your processes will evolve for its workflows. This replicates the lock-in pain that people experience moving their highly personal information from one proprietary platform to the next when that initial platform stops serving them well, goes out of business, or becomes a bad actor.
Con Does not export to MS Word
Can export only as a PDF file.
Con Requires .md files
Can't read .txt or other plaintext file formats. Can't read asciidoc files.
(Available with a plugin.)
Con No ability to add dates that link to a daily note, when that day/note may not yet exist
You can create a backlink which doesn't yet exist; it just doesn't auto-fill for you. (Available as a plugin)
Con Too many plugins
Con iOS version works only with icloud
Does not work with other cloud folders.
Con Needs to be polished
They still need time to fix some bugs.
Con V1.0 release is terrible
Don't download unless you can't find pre 1.0 version.
