AOHY vs. SPY
Compare and contrast key facts about Angel Oak High Yield Opportunities ETF (AOHY) and SPDR S&P 500 ETF (SPY).
AOHY and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AOHY or SPY.
Key characteristics
| AOHY | SPY | |
|---|---|---|
| Daily Std Dev | 2.98% | 12.60% |
| Max Drawdown | -1.64% | -55.19% |
| Current Drawdown | 0.00% | -0.61% |
Correlation
The correlation between AOHY and SPY is 0.37, 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. SPY - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AOHY vs. SPY - Expense Ratio Comparison
AOHY has a 0.55% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
AOHY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Angel Oak High Yield Opportunities ETF (AOHY) and SPDR S&P 500 ETF (SPY). 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.
Not enough dataDividends
AOHY vs. SPY - Dividend Comparison
AOHY's dividend yield for the trailing twelve months is around 3.72%, more than SPY's 0.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOHY Angel Oak High Yield Opportunities ETF | 3.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.94% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
AOHY vs. SPY - Drawdown Comparison
The maximum AOHY drawdown since its inception was -1.64%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AOHY and SPY. For additional features, visit the drawdowns tool.
Volatility
AOHY vs. SPY - Volatility Comparison
The current volatility for Angel Oak High Yield Opportunities ETF (AOHY) is 0.63%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.84%. This indicates that AOHY experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.