Angel Oak UltraShort Income Fund (AOUIX) belongs to the Ultrashort Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with AOUIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to AOUIX
AOUIX charges 0.53% annually. There are 46 mutual funds in the Ultrashort Bond category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Conservative Microshort Fund | 0.05% | — | Feb 2021 | AOUIX vs FHCOX | |
| DFA One Year Fixed Income Portfolio | 0.13% | — | Jul 1983 | AOUIX vs DFIHX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.15% | — | Jul 2018 | AOUIX vs CUTAX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.15% | — | Dec 2013 | AOUIX vs BUBIX | |
| DFA Two-Year Government Portfolio | 0.17% | — | Jun 1996 | AOUIX vs DFYGX |
Best Risk-Adjusted Alternatives to AOUIX
AOUIX has a PortfoliosLab risk / return rank of 98. There are 30 mutual funds in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | AOUIX vs NUSIX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | AOUIX vs BUBSX | |
| Baird Ultra Short Bond Fund Institutional Class | 100 | — | Dec 2013 | AOUIX vs BUBIX | |
| PIMCO Short Asset Investment Fund | 100 | — | May 2012 | AOUIX vs PAIPX | |
| SEI Institutional Investments Trust Opportunistic ... | 100 | — | Dec 2006 | AOUIX vs ENIAX |
Top Performing AOUIX Alternatives (YTD)
AOUIX is at 1.62% YTD. There are 6 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.15%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Semper Short Duration Fund | 2.15% | — | Dec 2010 | AOUIX vs SEMRX | |
| PIMCO Short Term Fund | 1.92% | — | Oct 1987 | AOUIX vs PTSHX | |
| PIMCO Short Asset Investment Fund | 1.80% | — | May 2012 | AOUIX vs PAIPX | |
| Pioneer Multi-Asset Ultrashort Income Fund | 1.73% | — | Apr 2011 | AOUIX vs MYFRX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 1.64% | — | Jul 2017 | AOUIX vs TRSTX |
Lowest Volatility Alternatives to AOUIX
AOUIX has 1.59% 1-year volatility. There are 57 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.56% | — | Mar 2017 | AOUIX vs TMPFX | |
| Baird Ultra Short Bond Fund | 0.62% | — | Dec 2013 | AOUIX vs BUBSX | |
| Navigator Ultra Short Term Bond Fund | 0.63% | — | Mar 2019 | AOUIX vs NUSIX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.68% | — | Sep 1987 | AOUIX vs PRTBX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.70% | — | Dec 2013 | AOUIX vs BUBIX |
Lowest Drawdown Alternatives to AOUIX
AOUIX has a 1-year max drawdown of -0.40%. There are 32 mutual funds in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.00% | — | Mar 2017 | AOUIX vs TMPFX | |
| U.S. Global Investors U.S. Government Ultra-Short ... | 0.00% | — | Dec 2013 | AOUIX vs UGSDX | |
| Fidelity Series Treasury Bill Index Fund | -0.10% | — | Aug 2018 | AOUIX vs FHQFX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | -0.10% | — | Apr 2016 | AOUIX vs MUIIX | |
| Navigator Ultra Short Term Bond Fund | -0.10% | — | Mar 2019 | AOUIX vs NUSIX |
Other Mutual Funds from Angel Oak
The 2 most viewed Angel Oak mutual funds shown here include ANGLX, ASCIX and span 2 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Angel Oak Multi-Strategy Income Fund | Multisector Bonds | 94 | 1.97% | — | Jun 2011 | AOUIX vs ANGLX | |
| Angel Oak Strategic Credit Fund | Nontraditional Bonds | 82 | 2.59% | — | Dec 2017 | AOUIX vs ASCIX |
Often Compared With AOUIX
Investors most often compare AOUIX with AOM, AAA, LQDH. These 12 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare AOUIX with Any Fund or Stock
Compare AOUIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair AOUIX with funds that move differently
Angel Oak UltraShort Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AOUIX.
Explore AOUIX Diversifiers