- ISIN
- US03463K7524
- Issuer
- Angel Oak
- Inception Date
- Oct 24, 2022
- Category
- Ultrashort Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $1B
Share Price Chart
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Performance
UYLD Performance Chart
Angel Oak Ultrashort Income ETF (UYLD) is up 2.1% since the beginning of the year. UYLD is currently trading at $51 per share.
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Returns By Period
Angel Oak Ultrashort Income ETF (UYLD) has returned 2.07% so far this year and 5.06% over the past 12 months.
Angel Oak Ultrashort Income ETF
- 1D
- 0.01%
- 1M
- 0.61%
- YTD
- 2.07%
- 6M
- 2.27%
- 1Y
- 5.06%
- 3Y*
- 5.85%
- 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%
UYLD Monthly Returns History
Based on dividend-adjusted daily data since Oct 25, 2022, UYLD's average daily return is +0.02%, while the average monthly return is +0.47%. At this rate, an investment would double in approximately 12.3 years.
Historically, 98% of months were positive and 2% were negative. The best month was Dec 2023 with a return of +0.8%, while the worst month was Dec 2024 at -0.0%. The longest winning streak lasted 26 consecutive months, and the longest losing streak was 1 months.
On a daily basis, UYLD closed higher 65% of trading days. The best single day was Nov 10, 2022 with a return of +0.5%, while the worst single day was Dec 31, 2024 at -0.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.38% | 0.38% | 0.10% | 0.38% | 0.67% | 0.15% | 2.07% | ||||||
| 2025 | 0.50% | 0.45% | 0.35% | 0.36% | 0.45% | 0.47% | 0.39% | 0.64% | 0.41% | 0.41% | 0.35% | 0.46% | 5.36% |
| 2024 | 0.67% | 0.43% | 0.57% | 0.32% | 0.74% | 0.48% | 0.82% | 0.55% | 0.61% | 0.27% | 0.49% | -0.01% | 6.10% |
| 2023 | 0.72% | 0.21% | 0.77% | 0.40% | 0.41% | 0.33% | 0.64% | 0.75% | 0.46% | 0.42% | 0.76% | 0.84% | 6.90% |
| 2022 | 0.09% | 0.47% | 0.53% | 1.09% |
Benchmark Metrics
Angel Oak Ultrashort Income ETF has an annualized alpha of 5.81%, beta of 0.01, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since October 25, 2022.
- This ETF captured 11.92% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -15.10%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.01 may look defensive, but with R2 of 0.01 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 0.01 means this ETF 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
- 5.81%
- Beta
- 0.01
- R²
- 0.01
- Upside Capture
- 11.92%
- Downside Capture
- -15.10%
Expense Ratio
UYLD has an expense ratio of 0.29%, placing it in the medium range.
Return for Risk
Risk / Return Rank
UYLD ranks 99 for risk / return — in the top 99% of ETFs 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 ETF (UYLD) 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.
| UYLD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.91 | ||
| Sortino ratioReturn per unit of downside risk | +18.97 | ||
| Omega ratioGain probability vs. loss probability | 4.39 | 1.37 | +3.03 |
| Calmar ratioReturn relative to maximum drawdown | 37.15 | 2.78 | +34.36 |
| Martin ratioReturn relative to average drawdown | 223.31 | 12.44 | +210.87 |
Dividends
Dividend History
Angel Oak Ultrashort Income ETF provided a 5.03% dividend yield over the last twelve months, with an annual payout of $2.57 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $2.57 | $2.59 | $2.54 | $2.99 | $0.38 |
Dividend yield | 5.03% | 5.07% | 4.97% | 5.92% | 0.75% |
Monthly Dividends
The table displays the monthly dividend distributions for Angel Oak Ultrashort Income 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 | $0.17 | $0.16 | $0.22 | $0.18 | $0.34 | $0.00 | $1.07 | ||||||
| 2025 | $0.20 | $0.20 | $0.25 | $0.23 | $0.22 | $0.21 | $0.23 | $0.20 | $0.22 | $0.21 | $0.18 | $0.24 | $2.59 |
| 2024 | $0.23 | $0.10 | $0.23 | $0.27 | $0.26 | $0.24 | $0.28 | $0.22 | $0.23 | $0.26 | $0.22 | $0.00 | $2.54 |
| 2023 | $0.00 | $0.23 | $0.22 | $0.26 | $0.23 | $0.26 | $0.18 | $0.27 | $0.26 | $0.25 | $0.26 | $0.58 | $2.99 |
| 2022 | $0.38 | $0.38 |
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 Ultrashort Income 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 Ultrashort Income ETF was 0.54%, occurring on Jan 2, 2025. Recovery took 23 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 pullback2025 | -0.54%Jan 2025 | 2d | 1mo 5d | 1mo 7dDec 2024 - Feb 2025 |
Bear market2022 | -0.41%Nov 2022 | 0s | 24d | 24dNov 2022 - Dec 2022 |
2023 pullback2023 | -0.35%Apr 2023 | 8d | 15d | 23dApr 2023 - May 2023 |
2023 pullback2023 | -0.27%May 2023 | 21d | 5d | 26dMay 2023 - May 2023 |
2023 pullback2023 | -0.27%Feb 2023 | 8d | 15d | 23dJan 2023 - Feb 2023 |
Drawdown Indicators
| UYLD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.54% | -56.78% | +56.24% |
Max Drawdown (1Y)Largest decline over 1 year | -0.14% | -9.10% | +8.96% |
Max Drawdown (3Y)Largest decline over 3 years | -0.54% | -18.90% | +18.36% |
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 | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -10.71% | +10.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 2.03% | -2.01% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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