ABI vs. CARY

Last updated Jun 4, 2026

ABI (VictoryShares Pioneer Asset-Based Income ETF) and CARY (Angel Oak Income ETF) are both Multisector Bonds funds. At a 0.42 correlation, their price movements are largely independent. ABI charges 0.65%/yr vs 0.80%/yr for CARY.

Performance

ABI vs. CARY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares Pioneer Asset-Based Income ETF (ABI) and Angel Oak Income ETF (CARY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ABI achieves a 2.61% return, which is significantly higher than CARY's 1.74% return.

ABI

• 1D: -0.04%
• 1M: 0.75%
• YTD: 2.61%
• 6M: 3.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CARY

• 1D: -0.05%
• 1M: 0.23%
• YTD: 1.74%
• 6M: 2.13%
• 1Y: 6.94%
• 3Y*: 7.35%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ABI vs. CARY - Yearly Performance Comparison

	2026 (YTD)	2025
ABI VictoryShares Pioneer Asset-Based Income ETF	2.61%	2.05%
CARY Angel Oak Income ETF	1.74%	3.60%

Correlation

The correlation between ABI and CARY is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025	0.42

Return for Risk

ABI vs. CARY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CARY

CARY Risk / Return Rank: 94
CARY Sharpe Ratio Rank: 95
CARY Sortino Ratio Rank: 97
CARY Omega Ratio Rank: 97
CARY Calmar Ratio Rank: 89
CARY Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ABI vs. CARY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares Pioneer Asset-Based Income ETF (ABI) and Angel Oak Income ETF (CARY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ABI	CARY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.96	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.98	2.65	+1.33

Drawdowns

ABI vs. CARY - Drawdown Comparison

The maximum ABI drawdown since its inception was -0.95%, smaller than the maximum CARY drawdown of -1.96%. Use the drawdown chart below to compare losses from any high point for ABI and CARY.

Drawdown Indicators

	ABI	CARY	Difference
Max Drawdown Largest peak-to-trough decline	-0.95%	-1.96%	+1.01%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.28%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-1.96%	—
Current Drawdown Current decline from peak	-0.04%	-0.14%	+0.10%
Average Drawdown Average peak-to-trough decline	-0.19%	-0.33%	+0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.29%	—

Volatility

Volatility by Period

	ABI	CARY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.56%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.28%	1.76%	-0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.28%	2.74%	-1.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.28%	2.74%	-1.46%

ABI vs. CARY - Expense Ratio Comparison

ABI has a 0.65% expense ratio, which is lower than CARY's 0.80% expense ratio.

Dividends

ABI vs. CARY - Dividend Comparison

ABI's dividend yield for the trailing twelve months is around 5.18%, less than CARY's 5.93% yield.

Position	TTM	2025	2024	2023	2022
ABI VictoryShares Pioneer Asset-Based Income ETF	5.18%	3.01%	0.00%	0.00%	0.00%
CARY Angel Oak Income ETF	5.93%	6.13%	6.10%	6.38%	0.48%

Frequently Asked Questions

Can I hold both ABI and CARY in my portfolio?

ABI and CARY have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ABI or CARY?

On fees, ABI is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ABI or CARY?

ABI is cheaper with a 0.65% expense ratio, compared with 0.80% for CARY.

Which ETF pays a higher dividend yield, ABI or CARY?

CARY has the higher dividend yield at 5.93%, compared with 5.18% for ABI.

What is the main difference between ABI and CARY?

They also come from different issuers: VictoryShares and Angel Oak. Their fees differ too: 0.65% for ABI and 0.80% for CARY.