- Issuer
- Angel Oak
- Inception Date
- Mar 31, 2009
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $120M
Share Price Chart
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Performance
AOHY Performance Chart
Angel Oak High Yield Opportunities ETF (AOHY) is up 2.4% since the beginning of the year. AOHY is currently trading at $11 per share.
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Returns By Period
Angel Oak High Yield Opportunities ETF (AOHY) has returned 2.38% so far this year and 6.55% over the past 12 months.
Angel Oak High Yield Opportunities ETF
- 1D
- -0.05%
- 1M
- 0.53%
- YTD
- 2.38%
- 6M
- 2.70%
- 1Y
- 6.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
AOHY Monthly Returns History
Based on dividend-adjusted daily data since Feb 20, 2024, AOHY's average daily return is +0.03%, while the average monthly return is +0.60%. At this rate, an investment would double in approximately 9.7 years.
Historically, 72% of months were positive and 28% were negative. The best month was Jun 2025 with a return of +2.0%, while the worst month was Mar 2026 at -1.0%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 2 months.
On a daily basis, AOHY closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +1.8%, while the worst single day was Apr 4, 2025 at -1.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.86% | 0.20% | -1.02% | 1.49% | 0.88% | -0.05% | 2.38% | ||||||
| 2025 | 1.16% | 0.91% | -0.83% | -0.60% | 1.77% | 1.99% | 0.14% | 1.31% | 0.77% | -0.14% | 0.43% | 0.50% | 7.62% |
| 2024 | 0.42% | 1.62% | -0.89% | 1.16% | 0.73% | 1.65% | 1.54% | 0.94% | -0.31% | 0.94% | -0.33% | 7.70% |
Benchmark Metrics
Angel Oak High Yield Opportunities ETF has an annualized alpha of 4.64%, beta of 0.16, and R2 of 0.43 versus S&P 500 Index. Calculated based on daily prices since February 20, 2024.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (26.58%) than losses (11.69%) - typical of diversified or defensive assets.
- Beta of 0.16 may look defensive, but with R2 of 0.43 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.43 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 4.64%
- Beta
- 0.16
- R²
- 0.43
- Upside Capture
- 26.58%
- Downside Capture
- 11.69%
Expense Ratio
AOHY has an expense ratio of 0.55%, placing it in the medium range.
Return for Risk
Risk / Return Rank
AOHY ranks 69 for risk / return — better than 69% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Angel Oak High Yield Opportunities ETF (AOHY) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AOHY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.37 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 2.78 | -0.01 |
| Martin ratioReturn relative to average drawdown | 13.90 | 12.44 | +1.46 |
Dividends
Dividend History
Angel Oak High Yield Opportunities ETF provided a 6.50% dividend yield over the last twelve months, with an annual payout of $0.72 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.72 | $0.72 | $0.67 |
Dividend yield | 6.50% | 6.53% | 6.04% |
Monthly Dividends
The table displays the monthly dividend distributions for Angel Oak High Yield Opportunities ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.05 | $0.05 | $0.07 | $0.06 | $0.06 | $0.00 | $0.29 | ||||||
| 2025 | $0.05 | $0.06 | $0.07 | $0.06 | $0.06 | $0.06 | $0.07 | $0.06 | $0.06 | $0.06 | $0.05 | $0.08 | $0.72 |
| 2024 | $0.06 | $0.07 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.05 | $0.07 | $0.05 | $0.07 | $0.67 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Angel Oak High Yield Opportunities ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Angel Oak High Yield Opportunities ETF was 4.17%, occurring on Apr 8, 2025. Recovery took 23 trading sessions.
The current Angel Oak High Yield Opportunities ETF drawdown is 0.23%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -4.17%Apr 2025 | 1mo 5d | 1mo 4d | 2mo 9dMar 2025 - May 2025 |
2026 pullback2026 | -2.37%Mar 2026 | 29d | 18d | 1mo 17dFeb 2026 - Apr 2026 |
2024 pullback2024 | -1.64%Apr 2024 | 12d | 17d | 29dApr 2024 - May 2024 |
2024 pullback2024 | -1.43%Dec 2024 | 8d | 1mo 4d | 1mo 12dDec 2024 - Jan 2025 |
2025 pullback2025 | -1.12%Oct 2025 | 9d | 17d | 26dOct 2025 - Oct 2025 |
Drawdown Indicators
| AOHY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.17% | -56.78% | +52.61% |
Max Drawdown (1Y)Largest decline over 1 year | -2.37% | -9.10% | +6.73% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.23% | -1.80% | +1.57% |
Average DrawdownAverage peak-to-trough decline | -0.35% | -10.71% | +10.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.47% | 2.03% | -1.56% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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