AOHY vs. HYGH
Compare and contrast key facts about Angel Oak High Yield Opportunities ETF (AOHY) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH).
AOHY and HYGH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AOHY is an actively managed fund by Angel Oak. It was launched on Mar 31, 2009. HYGH is an actively managed fund by iShares. It was launched on May 27, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AOHY or HYGH.
Correlation
The correlation between AOHY and HYGH is 0.32, 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.
Performance
AOHY vs. HYGH - Performance Comparison
Key characteristics
AOHY:
1.20
HYGH:
0.68
AOHY:
1.70
HYGH:
0.89
AOHY:
1.26
HYGH:
1.18
AOHY:
1.20
HYGH:
0.63
AOHY:
7.63
HYGH:
4.49
AOHY:
0.66%
HYGH:
1.14%
AOHY:
4.17%
HYGH:
7.47%
AOHY:
-4.17%
HYGH:
-23.88%
AOHY:
-3.27%
HYGH:
-4.02%
Returns By Period
In the year-to-date period, AOHY achieves a -1.25% return, which is significantly higher than HYGH's -2.29% return.
AOHY
-1.25%
-2.39%
-1.05%
5.47%
N/A
N/A
HYGH
-2.29%
-2.46%
-0.15%
5.40%
7.10%
4.68%
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AOHY vs. HYGH - Expense Ratio Comparison
AOHY has a 0.55% expense ratio, which is higher than HYGH's 0.53% expense ratio.
Risk-Adjusted Performance
AOHY vs. HYGH — Risk-Adjusted Performance Rank
AOHY
HYGH
AOHY vs. HYGH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Angel Oak High Yield Opportunities ETF (AOHY) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH). 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.
Dividends
AOHY vs. HYGH - Dividend Comparison
AOHY's dividend yield for the trailing twelve months is around 6.76%, less than HYGH's 7.84% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOHY Angel Oak High Yield Opportunities ETF | 6.76% | 6.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 7.84% | 7.85% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.60% | 5.75% | 3.62% |
Drawdowns
AOHY vs. HYGH - Drawdown Comparison
The maximum AOHY drawdown since its inception was -4.17%, smaller than the maximum HYGH drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for AOHY and HYGH. For additional features, visit the drawdowns tool.
Volatility
AOHY vs. HYGH - Volatility Comparison
The current volatility for Angel Oak High Yield Opportunities ETF (AOHY) is 2.88%, while iShares Interest Rate Hedged High Yield Bond ETF (HYGH) has a volatility of 6.14%. This indicates that AOHY experiences smaller price fluctuations and is considered to be less risky than HYGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.