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 | |
| Baird Ultra Short Bond Fund Institutional Class | 0.15% | — | Dec 2013 | AOUIX vs BUBIX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.15% | — | Jul 2018 | AOUIX vs CUTAX | |
| 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 99. There are 34 mutual funds in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 100 | — | Mar 2017 | AOUIX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | AOUIX vs NUSIX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | AOUIX vs BUBSX | |
| DFA One Year Fixed Income Portfolio | 100 | — | Jul 1983 | AOUIX vs DFIHX | |
| PIMCO Short Asset Investment Fund | 100 | — | May 2012 | AOUIX vs PAIPX |
Top Performing AOUIX Alternatives (YTD)
AOUIX is at 1.89% YTD. There are 12 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.62%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Semper Short Duration Fund | 2.62% | — | Dec 2010 | AOUIX vs SEMRX | |
| PIMCO Short Term Fund | 2.39% | — | Oct 1987 | AOUIX vs PTSHX | |
| PIMCO Short Asset Investment Fund | 2.23% | — | May 2012 | AOUIX vs PAIPX | |
| T. Rowe Price Ultra Short-Term Bond Fund | 2.12% | — | Dec 2012 | AOUIX vs TRBUX | |
| SEI Institutional Investments Trust Opportunistic ... | 2.01% | — | Dec 2006 | AOUIX vs ENIAX |
Lowest Volatility Alternatives to AOUIX
AOUIX has 1.55% 1-year volatility. There are 56 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.58%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.58% | — | Mar 2017 | AOUIX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 0.61% | — | Mar 2019 | AOUIX vs NUSIX | |
| DFA One Year Fixed Income Portfolio | 0.64% | — | Jul 1983 | AOUIX vs DFIHX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.65% | — | Sep 1987 | AOUIX vs PRTBX | |
| Baird Ultra Short Bond Fund | 0.65% | — | Dec 2013 | AOUIX vs BUBSX |
Lowest Drawdown Alternatives to AOUIX
AOUIX has a 1-year max drawdown of -0.40%. There are 34 mutual funds in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as -0.10%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA One Year Fixed Income Portfolio | -0.10% | — | Jul 1983 | AOUIX vs DFIHX | |
| Tactical Multi-Purpose Fund | -0.10% | — | Mar 2017 | AOUIX vs TMPFX | |
| PIMCO Short Asset Investment Fund | -0.10% | — | May 2012 | AOUIX vs PAIPX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | -0.10% | — | Apr 2016 | AOUIX vs MUIIX | |
| Baird Ultra Short Bond Fund | -0.10% | — | Dec 2013 | AOUIX vs BUBSX |
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 | 96 | 2.40% | — | Jun 2011 | AOUIX vs ANGLX | |
| Angel Oak Strategic Credit Fund | Nontraditional Bonds | 88 | 3.19% | — | Dec 2017 | AOUIX vs ASCIX |
Often Compared With AOUIX
Investors most often compare AOUIX with AOM, AAA, LQDH. These 15 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