ANGLX vs. ACP
Compare and contrast key facts about Angel Oak Multi-Strategy Income Fund (ANGLX) and abrdn Income Credit Strategies Fund (ACP).
ANGLX is managed by Angel Oak. It was launched on Jun 27, 2011. ACP is an actively managed fund by abrdn. It was launched on Jan 27, 2011.
Performance
ANGLX vs. ACP - Performance Comparison
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ANGLX vs. ACP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ANGLX Angel Oak Multi-Strategy Income Fund | 0.41% | 7.45% | 7.60% | 4.06% | -14.00% | 4.26% | -1.99% | 4.73% | 2.62% | 5.47% |
ACP abrdn Income Credit Strategies Fund | -1.66% | 6.48% | 4.81% | 19.27% | -22.87% | 6.65% | 7.51% | 26.93% | -17.64% | 15.60% |
Returns By Period
In the year-to-date period, ANGLX achieves a 0.41% return, which is significantly higher than ACP's -1.66% return. Over the past 10 years, ANGLX has underperformed ACP with an annualized return of 2.49%, while ACP has yielded a comparatively higher 6.58% annualized return.
ANGLX
- 1D
- 0.23%
- 1M
- -1.24%
- YTD
- 0.41%
- 6M
- 1.99%
- 1Y
- 5.50%
- 3Y*
- 6.11%
- 5Y*
- 1.36%
- 10Y*
- 2.49%
ACP
- 1D
- 1.80%
- 1M
- -6.39%
- YTD
- -1.66%
- 6M
- -4.24%
- 1Y
- 2.16%
- 3Y*
- 8.57%
- 5Y*
- -0.72%
- 10Y*
- 6.58%
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ANGLX vs. ACP - Expense Ratio Comparison
ANGLX has a 1.21% expense ratio, which is lower than ACP's 1.97% expense ratio.
Return for Risk
ANGLX vs. ACP — Risk / Return Rank
ANGLX
ACP
ANGLX vs. ACP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Angel Oak Multi-Strategy Income Fund (ANGLX) and abrdn Income Credit Strategies Fund (ACP). 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.
| ANGLX | ACP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.57 | 0.14 | +2.43 |
Sortino ratioReturn per unit of downside risk | 4.73 | 0.28 | +4.45 |
Omega ratioGain probability vs. loss probability | 1.64 | 1.04 | +0.59 |
Calmar ratioReturn relative to maximum drawdown | 4.23 | 0.15 | +4.09 |
Martin ratioReturn relative to average drawdown | 14.83 | 0.48 | +14.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ANGLX | ACP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.57 | 0.14 | +2.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | -0.04 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.31 | +0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.26 | 0.18 | +1.08 |
Correlation
The correlation between ANGLX and ACP is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ANGLX vs. ACP - Dividend Comparison
ANGLX's dividend yield for the trailing twelve months is around 4.88%, less than ACP's 18.24% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANGLX Angel Oak Multi-Strategy Income Fund | 4.88% | 5.41% | 5.89% | 4.78% | 3.69% | 4.69% | 4.38% | 4.53% | 4.70% | 4.97% | 5.83% | 6.74% |
ACP abrdn Income Credit Strategies Fund | 18.24% | 17.19% | 19.72% | 17.65% | 17.70% | 11.76% | 12.73% | 12.27% | 12.60% | 10.26% | 10.72% | 12.69% |
Drawdowns
ANGLX vs. ACP - Drawdown Comparison
The maximum ANGLX drawdown since its inception was -16.40%, smaller than the maximum ACP drawdown of -51.03%. Use the drawdown chart below to compare losses from any high point for ANGLX and ACP.
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Drawdown Indicators
| ANGLX | ACP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.40% | -51.03% | +34.63% |
Max Drawdown (1Y)Largest decline over 1 year | -1.47% | -12.07% | +10.60% |
Max Drawdown (5Y)Largest decline over 5 years | -14.34% | -40.97% | +26.63% |
Max Drawdown (10Y)Largest decline over 10 years | -16.40% | -51.03% | +34.63% |
Current DrawdownCurrent decline from peak | -1.24% | -11.74% | +10.50% |
Average DrawdownAverage peak-to-trough decline | -2.78% | -11.17% | +8.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 3.75% | -3.33% |
Volatility
ANGLX vs. ACP - Volatility Comparison
The current volatility for Angel Oak Multi-Strategy Income Fund (ANGLX) is 0.61%, while abrdn Income Credit Strategies Fund (ACP) has a volatility of 5.12%. This indicates that ANGLX experiences smaller price fluctuations and is considered to be less risky than ACP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANGLX | ACP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 5.12% | -4.51% |
Volatility (6M)Calculated over the trailing 6-month period | 1.45% | 9.06% | -7.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.34% | 15.09% | -12.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.76% | 17.63% | -14.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.28% | 21.03% | -17.75% |