AOHY vs. LDRH
AOHY (Angel Oak High Yield Opportunities ETF) and LDRH (iShares iBonds 1-5 Year High Yield and Income Ladder ETF) are both High Yield Bonds funds. AOHY is actively managed, while LDRH is passively managed. Over the past year, AOHY returned 5.78% vs 5.87% for LDRH. A 0.66 correlation means they provide meaningful diversification when combined. AOHY charges 0.55%/yr vs 0.35%/yr for LDRH.
Performance
AOHY vs. LDRH - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AOHY achieves a 2.19% return, which is significantly higher than LDRH's 2.02% return.
AOHY
- 1D
- -0.18%
- 1M
- 0.16%
- YTD
- 2.19%
- 6M
- 2.18%
- 1Y
- 5.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LDRH
- 1D
- 0.06%
- 1M
- 0.18%
- YTD
- 2.02%
- 6M
- 1.94%
- 1Y
- 5.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AOHY vs. LDRH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AOHY Angel Oak High Yield Opportunities ETF | 2.19% | 7.62% | 0.15% |
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF | 2.02% | 7.18% | 0.21% |
Correlation
The correlation between AOHY and LDRH is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.66 |
The correlation between AOHY and LDRH has been stable across timeframes, ranging from 0.66 to 0.66 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AOHY vs. LDRH — Risk / Return Rank
AOHY
LDRH
AOHY vs. LDRH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Angel Oak High Yield Opportunities ETF (AOHY) and iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AOHY | LDRH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.44 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 4.79 | -2.34 |
| Martin ratioReturn relative to average drawdown | 12.24 | 19.76 | -7.52 |
Loading charts...
Drawdowns
AOHY vs. LDRH - Drawdown Comparison
The maximum AOHY drawdown since its inception was -4.17%, which is greater than LDRH's maximum drawdown of -3.17%. Use the drawdown chart below to compare losses from any high point for AOHY and LDRH.
Loading charts...
Drawdown Indicators
| AOHY | LDRH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.17% | -3.17% | -1.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.37% | -1.23% | -1.14% |
Current DrawdownCurrent decline from peak | -0.41% | -0.22% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -0.35% | -0.24% | -0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.47% | 0.30% | +0.17% |
Volatility
AOHY vs. LDRH - Volatility Comparison
Angel Oak High Yield Opportunities ETF (AOHY) has a higher volatility of 0.74% compared to iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) at 0.58%. This indicates that AOHY's price experiences larger fluctuations and is considered to be riskier than LDRH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AOHY | LDRH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.58% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 1.97% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.17% | 2.60% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.76% | 3.47% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.76% | 3.47% | +0.29% |
AOHY vs. LDRH - Expense Ratio Comparison
AOHY has a 0.55% expense ratio, which is higher than LDRH's 0.35% expense ratio.
Dividends
AOHY vs. LDRH - Dividend Comparison
AOHY's dividend yield for the trailing twelve months is around 6.52%, less than LDRH's 6.98% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AOHY Angel Oak High Yield Opportunities ETF | 6.52% | 6.53% | 6.04% |
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF | 6.98% | 6.41% | 1.13% |
Frequently Asked Questions
AOHY and LDRH have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AOHY has higher volatility (0.74%) compared to LDRH (0.58%). In terms of maximum drawdown, AOHY dropped -4.17% vs LDRH's -3.17%.
On 1-year performance, LDRH leads with 5.87% vs 5.78% for AOHY. On fees, LDRH is cheaper at 0.35% per year. On volatility, LDRH has been the lower-risk option at 0.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, LDRH has performed better with a 5.87% return vs 5.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LDRH is cheaper with a 0.35% expense ratio, compared with 0.55% for AOHY.
LDRH has the higher dividend yield at 6.98%, compared with 6.52% for AOHY.
They also come from different issuers: Angel Oak and iShares. Their fees differ too: 0.55% for AOHY and 0.35% for LDRH.
LDRH currently has the higher Sharpe Ratio (2.27 vs 1.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for AOHY and LDRH
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer