- ISIN
- US03463K8282
- CUSIP
- 03463K828
- Issuer
- Angel Oak
- Inception Date
- Apr 2, 2018
- Category
- Ultrashort Bond
- Min. Investment
- $500,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
AOUIX Performance Chart
Angel Oak UltraShort Income Fund (AOUIX) is up 1.5% since the beginning of the year. AOUIX is currently trading at $10 per share. Investors who bought $1,000 worth of AOUIX shares 5 years ago would now be looking at an investment worth $1,174.
Loading charts...
Returns By Period
Angel Oak UltraShort Income Fund (AOUIX) has returned 1.51% so far this year and 4.91% over the past 12 months.
Angel Oak UltraShort Income Fund
- 1D
- 0.00%
- 1M
- 0.38%
- YTD
- 1.51%
- 6M
- 2.05%
- 1Y
- 4.91%
- 3Y*
- 5.94%
- 5Y*
- 3.26%
- 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%
AOUIX Monthly Returns History
Based on dividend-adjusted daily data since Apr 2, 2018, AOUIX's average daily return is +0.01%, while the average monthly return is +0.25%. At this rate, an investment would double in approximately 23.1 years.
Historically, 86% of months were positive and 14% were negative. The best month was May 2020 with a return of +1.5%, while the worst month was Mar 2020 at -4.5%. The longest winning streak lasted 31 consecutive months, and the longest losing streak was 6 months.
On a daily basis, AOUIX closed higher 17% of trading days. The best single day was Mar 31, 2020 with a return of +0.7%, while the worst single day was Mar 24, 2020 at -2.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.33% | 0.45% | 0.08% | 0.37% | 0.38% | -0.10% | 1.51% | ||||||
| 2025 | 0.54% | 0.59% | 0.32% | 0.31% | 0.43% | 0.62% | 0.33% | 0.63% | 0.42% | 0.44% | 0.43% | 0.43% | 5.63% |
| 2024 | 0.73% | 0.61% | 0.64% | 0.22% | 0.84% | 0.53% | 0.77% | 0.67% | 0.65% | 0.16% | 0.55% | 0.46% | 7.06% |
| 2023 | 1.18% | 0.30% | 0.46% | 0.10% | 0.26% | 0.58% | 0.61% | 0.62% | 0.50% | -0.10% | 0.81% | 0.73% | 6.21% |
| 2022 | -0.09% | -0.29% | -0.77% | -0.37% | -0.41% | -0.72% | 0.00% | -0.11% | -0.83% | -0.51% | -0.28% | 0.20% | -4.11% |
| 2021 | 0.32% | 0.01% | 0.12% | 0.11% | 0.01% | 0.11% | 0.11% | 0.10% | 0.00% | 0.00% | 0.00% | 0.07% | 0.97% |
Benchmark Metrics
Angel Oak UltraShort Income Fund has an annualized alpha of 3.17%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since April 02, 2018.
- This fund captured 7.91% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -0.55%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.01 may look defensive, but with R2 of 0.00 this fund 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 fund's risk.
- R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.17%
- Beta
- -0.01
- R²
- 0.00
- Upside Capture
- 7.91%
- Downside Capture
- -0.55%
Expense Ratio
AOUIX has an expense ratio of 0.53%, placing it in the medium range.
Return for Risk
Risk / Return Rank
AOUIX ranks 98 for risk / return — in the top 98% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Angel Oak UltraShort Income Fund (AOUIX) 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.
| AOUIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +6.76 | ||
| Omega ratioGain probability vs. loss probability | 2.90 | 1.37 | +1.53 |
| Calmar ratioReturn relative to maximum drawdown | 12.19 | 2.78 | +9.41 |
| Martin ratioReturn relative to average drawdown | 53.94 | 12.44 | +41.50 |
Dividends
Dividend History
Angel Oak UltraShort Income Fund provided a 4.80% dividend yield over the last twelve months, with an annual payout of $0.47 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.47 | $0.50 | $0.53 | $0.36 | $0.14 | $0.14 | $0.23 | $0.31 | $0.21 |
Dividend yield | 4.80% | 5.05% | 5.36% | 3.69% | 1.48% | 1.37% | 2.24% | 3.08% | 2.12% |
Monthly Dividends
The table displays the monthly dividend distributions for Angel Oak UltraShort Income Fund. 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 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.00 | $0.18 | ||||||
| 2025 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.50 |
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.53 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.04 | $0.04 | $0.36 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.02 | $0.02 | $0.03 | $0.14 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.14 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Angel Oak UltraShort Income Fund. 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 UltraShort Income Fund was 7.38%, occurring on Mar 24, 2020. Recovery took 120 trading sessions.
The current Angel Oak UltraShort Income Fund drawdown is 0.10%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -7.38%Mar 2020 | 19d | 5mo 24d | 6mo 13dMar 2020 - Sep 2020 |
Bear market2022 | -4.53%Nov 2022 | 10mo 28d | 9mo 18d | 1y 8moJan 2022 - Sep 2023 |
2024 pullback2024 | -0.51%Dec 2024 | 2d | 11d | 13dDec 2024 - Dec 2024 |
2025 selloff2025 | -0.41%Apr 2025 | 7d | 19d | 26dApr 2025 - Apr 2025 |
2026 pullback2026 | -0.40%Mar 2026 | 23d | 5d | 28dMar 2026 - Mar 2026 |
Drawdown Indicators
| AOUIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.38% | -56.78% | +49.40% |
Max Drawdown (1Y)Largest decline over 1 year | -0.40% | -9.10% | +8.70% |
Max Drawdown (3Y)Largest decline over 3 years | -0.51% | -18.90% | +18.39% |
Max Drawdown (5Y)Largest decline over 5 years | -4.53% | -25.43% | +20.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.10% | -1.80% | +1.70% |
Average DrawdownAverage peak-to-trough decline | -0.60% | -10.71% | +10.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 2.03% | -1.94% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with AOUIX
Add Angel Oak UltraShort Income Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with AOUIX