AOHY vs. HYS
Compare and contrast key facts about Angel Oak High Yield Opportunities ETF (AOHY) and PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS).
AOHY and HYS 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. HYS is a passively managed fund by PIMCO that tracks the performance of the ICE BofA US High Yield Constrained (0-5 Y). It was launched on Jun 16, 2011.
Performance
AOHY vs. HYS - Performance Comparison
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AOHY vs. HYS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AOHY Angel Oak High Yield Opportunities ETF | 0.49% | 7.62% | 7.50% |
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | -0.26% | 8.80% | 7.97% |
Returns By Period
In the year-to-date period, AOHY achieves a 0.49% return, which is significantly higher than HYS's -0.26% return.
AOHY
- 1D
- 0.46%
- 1M
- -0.64%
- YTD
- 0.49%
- 6M
- 1.33%
- 1Y
- 6.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYS
- 1D
- 0.13%
- 1M
- -0.35%
- YTD
- -0.26%
- 6M
- 1.19%
- 1Y
- 7.05%
- 3Y*
- 8.25%
- 5Y*
- 4.96%
- 10Y*
- 5.63%
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AOHY vs. HYS - Expense Ratio Comparison
AOHY has a 0.55% expense ratio, which is lower than HYS's 0.56% expense ratio.
Return for Risk
AOHY vs. HYS — Risk / Return Rank
AOHY
HYS
AOHY vs. HYS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Angel Oak High Yield Opportunities ETF (AOHY) and PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS). 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.
| AOHY | HYS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.57 | 1.32 | +0.25 |
Sortino ratioReturn per unit of downside risk | 2.30 | 1.91 | +0.39 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.31 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.79 | +0.13 |
Martin ratioReturn relative to average drawdown | 10.01 | 9.95 | +0.06 |
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
| AOHY | HYS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 1.32 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.80 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.94 | 0.80 | +1.13 |
Correlation
The correlation between AOHY and HYS is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
AOHY vs. HYS - Dividend Comparison
AOHY's dividend yield for the trailing twelve months is around 6.58%, less than HYS's 7.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOHY Angel Oak High Yield Opportunities ETF | 6.58% | 6.53% | 6.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 7.41% | 7.20% | 7.43% | 6.44% | 5.01% | 3.74% | 4.52% | 4.98% | 4.64% | 5.01% | 5.13% | 5.22% |
Drawdowns
AOHY vs. HYS - Drawdown Comparison
The maximum AOHY drawdown since its inception was -4.17%, smaller than the maximum HYS drawdown of -20.91%. Use the drawdown chart below to compare losses from any high point for AOHY and HYS.
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Drawdown Indicators
| AOHY | HYS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.17% | -20.91% | +16.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -4.06% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.91% | — |
Current DrawdownCurrent decline from peak | -0.72% | -0.90% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -0.36% | -1.55% | +1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 0.73% | -0.05% |
Volatility
AOHY vs. HYS - Volatility Comparison
Angel Oak High Yield Opportunities ETF (AOHY) and PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) have volatilities of 1.93% and 1.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AOHY | HYS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.93% | 1.88% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 2.53% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.43% | 5.38% | -0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.83% | 6.22% | -2.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.83% | 6.85% | -3.02% |