ANGLX vs. IVV
Compare and contrast key facts about Angel Oak Multi-Strategy Income Fund (ANGLX) and iShares Core S&P 500 ETF (IVV).
ANGLX is managed by Angel Oak. It was launched on Jun 27, 2011. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000.
Performance
ANGLX vs. IVV - Performance Comparison
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ANGLX vs. IVV - 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% |
IVV iShares Core S&P 500 ETF | -4.38% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Returns By Period
In the year-to-date period, ANGLX achieves a 0.41% return, which is significantly higher than IVV's -4.38% return. Over the past 10 years, ANGLX has underperformed IVV with an annualized return of 2.49%, while IVV has yielded a comparatively higher 14.02% 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%
IVV
- 1D
- 2.88%
- 1M
- -4.99%
- YTD
- -4.38%
- 6M
- -1.80%
- 1Y
- 17.69%
- 3Y*
- 18.29%
- 5Y*
- 11.76%
- 10Y*
- 14.02%
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ANGLX vs. IVV - Expense Ratio Comparison
ANGLX has a 1.21% expense ratio, which is higher than IVV's 0.03% expense ratio.
Return for Risk
ANGLX vs. IVV — Risk / Return Rank
ANGLX
IVV
ANGLX vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Angel Oak Multi-Strategy Income Fund (ANGLX) and iShares Core S&P 500 ETF (IVV). 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 | IVV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.57 | 0.97 | +1.60 |
Sortino ratioReturn per unit of downside risk | 4.73 | 1.49 | +3.25 |
Omega ratioGain probability vs. loss probability | 1.64 | 1.23 | +0.41 |
Calmar ratioReturn relative to maximum drawdown | 4.23 | 1.53 | +2.70 |
Martin ratioReturn relative to average drawdown | 14.83 | 7.32 | +7.51 |
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 | IVV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.57 | 0.97 | +1.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.70 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.78 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.26 | 0.42 | +0.83 |
Correlation
The correlation between ANGLX and IVV is 0.04, 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. IVV - Dividend Comparison
ANGLX's dividend yield for the trailing twelve months is around 4.88%, more than IVV's 1.23% 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% |
IVV iShares Core S&P 500 ETF | 1.23% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Drawdowns
ANGLX vs. IVV - Drawdown Comparison
The maximum ANGLX drawdown since its inception was -16.40%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for ANGLX and IVV.
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Drawdown Indicators
| ANGLX | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.40% | -55.25% | +38.85% |
Max Drawdown (1Y)Largest decline over 1 year | -1.47% | -12.06% | +10.59% |
Max Drawdown (5Y)Largest decline over 5 years | -14.34% | -24.53% | +10.19% |
Max Drawdown (10Y)Largest decline over 10 years | -16.40% | -33.90% | +17.50% |
Current DrawdownCurrent decline from peak | -1.24% | -6.26% | +5.02% |
Average DrawdownAverage peak-to-trough decline | -2.78% | -10.85% | +8.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 2.53% | -2.11% |
Volatility
ANGLX vs. IVV - Volatility Comparison
The current volatility for Angel Oak Multi-Strategy Income Fund (ANGLX) is 0.61%, while iShares Core S&P 500 ETF (IVV) has a volatility of 5.30%. This indicates that ANGLX experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANGLX | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 5.30% | -4.69% |
Volatility (6M)Calculated over the trailing 6-month period | 1.45% | 9.45% | -8.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.34% | 18.31% | -15.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.76% | 16.89% | -14.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.28% | 18.04% | -14.76% |