AGRH vs. UYLD
AGRH (iShares Interest Rate Hedged U.S. Aggregate Bond ETF) and UYLD (Angel Oak Ultrashort Income ETF) are both Ultrashort Bond funds. AGRH is passively managed, while UYLD is actively managed. Over the past 3 years, AGRH returned 5.97%/yr vs 5.89%/yr for UYLD. At a 0.14 correlation, their price movements are largely independent. AGRH charges 0.13%/yr vs 0.29%/yr for UYLD.
Performance
AGRH vs. UYLD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AGRH achieves a 1.78% return, which is significantly lower than UYLD's 1.91% return.
AGRH
- 1D
- -0.04%
- 1M
- 0.73%
- YTD
- 1.78%
- 6M
- 2.44%
- 1Y
- 6.30%
- 3Y*
- 5.97%
- 5Y*
- —
- 10Y*
- —
UYLD
- 1D
- -0.01%
- 1M
- 0.67%
- YTD
- 1.91%
- 6M
- 2.37%
- 1Y
- 5.18%
- 3Y*
- 5.89%
- 5Y*
- —
- 10Y*
- —
AGRH vs. UYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AGRH iShares Interest Rate Hedged U.S. Aggregate Bond ETF | 1.78% | 6.00% | 5.93% | 6.40% | 1.98% |
UYLD Angel Oak Ultrashort Income ETF | 1.91% | 5.36% | 6.10% | 6.90% | 1.12% |
Correlation
The correlation between AGRH and UYLD is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2022 | 0.14 |
The correlation between AGRH and UYLD shifts across timeframes, from 0.14 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AGRH vs. UYLD — Risk / Return Rank
AGRH
UYLD
AGRH vs. UYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH) and Angel Oak Ultrashort Income ETF (UYLD). 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.
| AGRH | UYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.59 | ||
| Sortino ratioReturn per unit of downside risk | -14.24 | ||
| Omega ratioGain probability vs. loss probability | 2.12 | 4.35 | -2.23 |
| Calmar ratioReturn relative to maximum drawdown | 9.44 | 38.06 | -28.62 |
| Martin ratioReturn relative to average drawdown | 44.94 | 225.76 | -180.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AGRH | UYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.41 | 8.00 | -3.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.13 | 5.98 | -2.85 |
Drawdowns
AGRH vs. UYLD - Drawdown Comparison
The maximum AGRH drawdown since its inception was -1.73%, which is greater than UYLD's maximum drawdown of -0.54%. Use the drawdown chart below to compare losses from any high point for AGRH and UYLD.
Loading charts...
Drawdown Indicators
| AGRH | UYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.73% | -0.54% | -1.19% |
Max Drawdown (1Y)Largest decline over 1 year | -0.67% | -0.14% | -0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -1.73% | -0.54% | -1.19% |
Current DrawdownCurrent decline from peak | -0.07% | -0.01% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -0.03% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.14% | 0.02% | +0.12% |
Volatility
AGRH vs. UYLD - Volatility Comparison
iShares Interest Rate Hedged U.S. Aggregate Bond ETF (AGRH) has a higher volatility of 0.43% compared to Angel Oak Ultrashort Income ETF (UYLD) at 0.38%. This indicates that AGRH's price experiences larger fluctuations and is considered to be riskier than UYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AGRH | UYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 0.38% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 1.00% | 0.50% | +0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.44% | 0.65% | +0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.78% | 1.00% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.78% | 1.00% | +0.78% |
AGRH vs. UYLD - Expense Ratio Comparison
AGRH has a 0.13% expense ratio, which is lower than UYLD's 0.29% expense ratio.
Dividends
AGRH vs. UYLD - Dividend Comparison
AGRH's dividend yield for the trailing twelve months is around 4.18%, less than UYLD's 5.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AGRH iShares Interest Rate Hedged U.S. Aggregate Bond ETF | 4.18% | 4.63% | 5.17% | 4.69% | 1.24% |
UYLD Angel Oak Ultrashort Income ETF | 5.03% | 5.07% | 4.97% | 5.92% | 0.75% |
Frequently Asked Questions
AGRH and UYLD have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGRH has higher volatility (0.43%) compared to UYLD (0.38%). In terms of maximum drawdown, AGRH dropped -1.73% vs UYLD's -0.54%.
On 3-year performance, AGRH leads with 5.97% vs 5.89% for UYLD. On fees, AGRH is cheaper at 0.13% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, AGRH has performed better with a 5.97% return vs 5.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AGRH is cheaper with a 0.13% expense ratio, compared with 0.29% for UYLD.
UYLD has the higher dividend yield at 5.03%, compared with 4.18% for AGRH.
They also come from different issuers: iShares and Angel Oak. Their fees differ too: 0.13% for AGRH and 0.29% for UYLD.
UYLD currently has the higher Sharpe Ratio (8.00 vs 4.41), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for AGRH and UYLD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer