Angel Oak Strategic Credit Fund (ASCIX) belongs to the Nontraditional Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with ASCIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ASCIX
ASCIX charges 0.85% annually. There are 26 mutual funds in the Nontraditional Bonds category with lower expense ratios, going as low as 0.47%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Putnam Mortgage Opportunities Fund | 0.47% | — | Apr 2015 | ASCIX vs PMOTX | |
| GMO Opportunistic Income Fund | 0.47% | — | Oct 2011 | ASCIX vs GMODX | |
| Carillon Reams Unconstrained Bond Fund | 0.50% | — | Sep 2011 | ASCIX vs SUBFX | |
| FPA Flexible Fixed Income Fund | 0.51% | — | Dec 2018 | ASCIX vs FPFIX | |
| PIMCO Strategic Bond Fund | 0.51% | — | Jan 2009 | ASCIX vs PUTIX |
Best Risk-Adjusted Alternatives to ASCIX
ASCIX has a PortfoliosLab risk / return rank of 80. There are 19 mutual funds in the Nontraditional Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | 100 | — | Jan 2023 | ASCIX vs CBYYX | |
| PGIM Securitized Credit Fund | 99 | — | Jun 2019 | ASCIX vs SCFZX | |
| Eaton Vance Global Macro Absolute Return Fund | 99 | — | Jun 2007 | ASCIX vs EIGMX | |
| Artisan Global Unconstrained Fund | 99 | — | Mar 2022 | ASCIX vs APFPX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 98 | — | Aug 2010 | ASCIX vs EGRIX |
Top Performing ASCIX Alternatives (YTD)
ASCIX is at 2.44% YTD. There are 8 mutual funds in the Nontraditional Bonds category with higher YTD returns, going as high as 7.87%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Advantage... | 7.87% | — | Aug 2010 | ASCIX vs EGRIX | |
| Putnam Mortgage Opportunities Fund | 5.26% | — | Apr 2015 | ASCIX vs PMOTX | |
| Eaton Vance Global Macro Absolute Return Fund | 4.96% | — | Jun 2007 | ASCIX vs EIGMX | |
| Artisan Global Unconstrained Fund | 4.18% | — | Mar 2022 | ASCIX vs APFPX | |
| T. Rowe Price Dynamic Global Bond Fund | 3.29% | — | Jan 2015 | ASCIX vs RPIEX |
Lowest Volatility Alternatives to ASCIX
ASCIX has 3.42% 1-year volatility. There are 55 mutual funds in the Nontraditional Bonds category with lower 1-year volatility, going as low as 1.01%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dunham Long/Short Credit Fund | 1.01% | — | Dec 2004 | ASCIX vs DCAIX | |
| Victory Pioneer Cat Bond Fund Class Y | 1.22% | — | Jan 2023 | ASCIX vs CBYYX | |
| GMO Opportunistic Income Fund | 1.33% | — | Oct 2011 | ASCIX vs GMODX | |
| DoubleLine Flexible Income Fund | 1.37% | — | Apr 2014 | ASCIX vs DFLEX | |
| BlackRock Global Long/Short Credit Fund | 1.38% | — | Sep 2011 | ASCIX vs BGCIX |
Lowest Drawdown Alternatives to ASCIX
ASCIX has a 1-year max drawdown of -1.49%. There are 17 mutual funds in the Nontraditional Bonds category with shallower 1-year drawdowns, going as shallow as -0.09%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | -0.09% | — | Jan 2023 | ASCIX vs CBYYX | |
| PGIM Securitized Credit Fund | -0.31% | — | Jun 2019 | ASCIX vs SCFZX | |
| Dunham Long/Short Credit Fund | -0.37% | — | Dec 2004 | ASCIX vs DCAIX | |
| GMO Opportunistic Income Fund | -0.65% | — | Oct 2011 | ASCIX vs GMODX | |
| PGIM Absolute Return Bond Fund | -0.86% | — | Mar 2011 | ASCIX vs PADZX |
Other Mutual Funds from Angel Oak
The 2 most viewed Angel Oak mutual funds shown here include ANGLX, AOUIX and span 2 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Angel Oak Multi-Strategy Income Fund | Multisector Bonds | 94 | 1.73% | — | Jun 2011 | ASCIX vs ANGLX | |
| Angel Oak UltraShort Income Fund | Ultrashort Bond | 98 | 1.51% | — | Apr 2018 | ASCIX vs AOUIX |
Often Compared With ASCIX
Investors most often compare ASCIX with CDX, AFLIX, TTRZX. These 10 comparison targets span 4 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Simplify High Yield PLUS Credit Hedge ETF | High Yield Bonds | 6 | -1.51% | 398.24M | Feb 2022 | ASCIX vs CDX | |
| Anfield Universal Fixed Income Fund | Nontraditional Bonds | 94 | 1.42% | — | Jun 2013 | ASCIX vs AFLIX | |
| Templeton Global Total Return Fund | Nontraditional Bonds | 21 | 1.92% | — | Sep 2008 | ASCIX vs TTRZX | |
| T. Rowe Price Dynamic Credit Fund | Nontraditional Bonds | 76 | 0.04% | — | Jan 2019 | ASCIX vs RPIDX | |
| Toews Unconstrained Income Fund | Nontraditional Bonds | 44 | 0.49% | — | Aug 2013 | ASCIX vs TUIFX | |
| MFS Global Alternative Strategy Fund | Macro Trading | 24 | 1.12% | — | Dec 2007 | ASCIX vs DVRIX | |
| Wavelength Interest Rate Neutral Fund | Nontraditional Bonds | 70 | 2.83% | — | Sep 2013 | ASCIX vs WAVLX | |
| CrossingBridge Low Duration High Yield Fund | Multisector Bonds | 97 | 1.83% | — | Jan 2018 | ASCIX vs CBLDX | |
| Anchor Risk Managed Credit Strategies Fund | Nontraditional Bonds | 43 | 3.21% | — | Sep 2015 | ASCIX vs ATCSX | |
| T. Rowe Price Floating Rate Fund | High Yield Bonds | 96 | 0.95% | — | Jul 2011 | ASCIX vs PRFRX |
Compare ASCIX with Any Fund or Stock
Compare ASCIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ASCIX with funds that move differently
Angel Oak Strategic Credit Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ASCIX.
Explore ASCIX Diversifiers