AOHY vs. HYXU

Last updated Jun 5, 2026

AOHY (Angel Oak High Yield Opportunities ETF) and HYXU (iShares Euro High Yield Corporate Bond USD Hedged ETF) are both High Yield Bonds funds. AOHY is actively managed, while HYXU is passively managed. AOHY charges 0.55%/yr vs 0.35%/yr for HYXU.

Performance

AOHY vs. HYXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Angel Oak High Yield Opportunities ETF (AOHY) and iShares Euro High Yield Corporate Bond USD Hedged ETF (HYXU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AOHY

• 1D: 0.06%
• 1M: 0.45%
• YTD: 2.21%
• 6M: 2.76%
• 1Y: 7.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYXU

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AOHY vs. HYXU - Yearly Performance Comparison

	2026 (YTD)
AOHY Angel Oak High Yield Opportunities ETF	-0.09%
HYXU iShares Euro High Yield Corporate Bond USD Hedged ETF	0.00%

AOHY vs. HYXU - Sectors Allocation Comparison

Sectors	AOHY	HYXU
Basic Materials	100.0%	-
Communication Services	-	100.0%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

AOHY vs. HYXU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AOHY

AOHY Risk / Return Rank: 73
AOHY Sharpe Ratio Rank: 69
AOHY Sortino Ratio Rank: 77
AOHY Omega Ratio Rank: 78
AOHY Calmar Ratio Rank: 61
AOHY Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AOHY vs. HYXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Angel Oak High Yield Opportunities ETF (AOHY) and iShares Euro High Yield Corporate Bond USD Hedged ETF (HYXU). 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	HYXU	Difference
Sharpe ratio: Return per unit of total volatility	2.23	—	—
Sortino ratio: Return per unit of downside risk	3.42	—	—
Omega ratio: Gain probability vs. loss probability	1.46	—	—
Calmar ratio: Return relative to maximum drawdown	2.99	—	—
Martin ratio: Return relative to average drawdown	15.09	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AOHY	HYXU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.23	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.02	—	—

Drawdowns

AOHY vs. HYXU - Drawdown Comparison

The maximum AOHY drawdown since its inception was -4.17%, which is greater than HYXU's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for AOHY and HYXU.

Drawdown Indicators

	AOHY	HYXU	Difference
Max Drawdown Largest peak-to-trough decline	-4.17%	0.00%	-4.17%
Max Drawdown (1Y) Largest decline over 1 year	-2.37%	—	—
Current Drawdown Current decline from peak	-0.21%	0.00%	-0.21%
Average Drawdown Average peak-to-trough decline	-0.35%	0.00%	-0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.47%	—	—

Volatility

Volatility by Period

	AOHY	HYXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.99%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.50%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.18%	0.00%	+3.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.79%	0.00%	+3.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.79%	0.00%	+3.79%

AOHY vs. HYXU - Expense Ratio Comparison

AOHY has a 0.55% expense ratio, which is higher than HYXU's 0.35% expense ratio.

Dividends

AOHY vs. HYXU - Dividend Comparison

AOHY's dividend yield for the trailing twelve months is around 6.51%, while HYXU has not paid dividends to shareholders.

Position	TTM	2025	2024
AOHY Angel Oak High Yield Opportunities ETF	6.51%	6.53%	6.04%
HYXU iShares Euro High Yield Corporate Bond USD Hedged ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, AOHY or HYXU?

On fees, HYXU is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AOHY or HYXU?

HYXU is cheaper with a 0.35% expense ratio, compared with 0.55% for AOHY.

Which ETF pays a higher dividend yield, AOHY or HYXU?

AOHY has the higher dividend yield at 6.51%, compared with 0.00% for HYXU.

What is the main difference between AOHY and HYXU?

They also come from different issuers: Angel Oak and iShares. Their fees differ too: 0.55% for AOHY and 0.35% for HYXU.