Angel Oak Multi-Strategy Income Fund (ANGLX) belongs to the Multisector Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with ANGLX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ANGLX
ANGLX charges 1.21% annually. There are 68 mutual funds in the Multisector Bonds category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Doubleline Selective Credit Fund | 0.05% | — | Aug 2014 | ANGLX vs DBSCX | |
| Vanguard Multi-Sector Income Bond Fund Admiral Sha... | 0.30% | — | Oct 2021 | ANGLX vs VMSAX | |
| JPMorgan Income Fund | 0.40% | — | Jun 2014 | ANGLX vs JMSIX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 0.40% | — | Jul 2016 | ANGLX vs BWDTX | |
| Mercer Opportunistic Fixed Income Fund | 0.44% | — | Aug 2013 | ANGLX vs MOFIX |
Best Risk-Adjusted Alternatives to ANGLX
ANGLX has a PortfoliosLab risk / return rank of 94. There are 7 mutual funds in the Multisector Bonds category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 99 | — | Nov 2015 | ANGLX vs NWXHX | |
| Nationwide Strategic Income A | 99 | — | Nov 2015 | ANGLX vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 98 | — | Jul 2016 | ANGLX vs BWDTX | |
| Rational Special Situations Income Fund | 98 | — | Jul 2019 | ANGLX vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | 97 | — | Jan 2018 | ANGLX vs CBLDX |
Top Performing ANGLX Alternatives (YTD)
ANGLX is at 1.73% YTD. There are 16 mutual funds in the Multisector Bonds category with higher YTD returns, going as high as 3.36%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| abrdn Income Credit Strategies Fund | 3.36% | — | Jan 2011 | ANGLX vs ACP | |
| BrandywineGLOBAL - Flexible Bond Fund | 3.03% | — | May 2016 | ANGLX vs LFLIX | |
| Nationwide Amundi Strategic Income Fund | 2.37% | — | Nov 2015 | ANGLX vs NWXHX | |
| Eaton Vance Strategic Income Fund Class I | 2.33% | — | Apr 2009 | ANGLX vs ESIIX | |
| Nationwide Strategic Income A | 2.22% | — | Nov 2015 | ANGLX vs NWXEX |
Lowest Volatility Alternatives to ANGLX
ANGLX has 2.30% 1-year volatility. There are 13 mutual funds in the Multisector Bonds category with lower 1-year volatility, going as low as 1.19%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 1.19% | — | Nov 2015 | ANGLX vs NWXHX | |
| Nationwide Strategic Income A | 1.22% | — | Nov 2015 | ANGLX vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 1.31% | — | Jul 2016 | ANGLX vs BWDTX | |
| CrossingBridge Low Duration High Yield Fund | 1.40% | — | Jan 2018 | ANGLX vs CBLDX | |
| Rational Special Situations Income Fund | 1.40% | — | Jul 2019 | ANGLX vs RFXIX |
Lowest Drawdown Alternatives to ANGLX
ANGLX has a 1-year max drawdown of -1.47%. There are 9 mutual funds in the Multisector Bonds category with shallower 1-year drawdowns, going as shallow as -0.41%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | -0.41% | — | Nov 2015 | ANGLX vs NWXHX | |
| Nationwide Strategic Income A | -0.43% | — | Nov 2015 | ANGLX vs NWXEX | |
| Rational Special Situations Income Fund | -0.72% | — | Jul 2019 | ANGLX vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | -0.73% | — | Jan 2018 | ANGLX vs CBLDX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | -1.00% | — | Jul 2016 | ANGLX vs BWDTX |
Other Mutual Funds from Angel Oak
The 2 most viewed Angel Oak mutual funds shown here include AOUIX, ASCIX and span 2 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Angel Oak UltraShort Income Fund | Ultrashort Bond | 98 | 1.51% | — | Apr 2018 | ANGLX vs AOUIX | |
| Angel Oak Strategic Credit Fund | Nontraditional Bonds | 80 | 2.44% | — | Dec 2017 | ANGLX vs ASCIX |
Often Compared With ANGLX
Investors most often compare ANGLX with CION, VGSTX, EIRRX. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare ANGLX with Any Fund or Stock
Compare ANGLX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ANGLX with funds that move differently
Angel Oak Multi-Strategy Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ANGLX.
Explore ANGLX Diversifiers