AOUIX vs. AAA
Compare and contrast key facts about Angel Oak UltraShort Income Fund (AOUIX) and AAF First Priority CLO Bond ETF (AAA).
AOUIX is managed by Angel Oak. It was launched on Apr 2, 2018. AAA is an actively managed fund by Alternative Access Funds LLC. It was launched on Sep 9, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AOUIX or AAA.
Performance
AOUIX vs. AAA - Performance Comparison
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with AOUIX at 5.98% and AAA at 5.98%.
AOUIX
5.98%
0.37%
3.37%
7.39%
2.52%
N/A
AAA
5.98%
0.42%
3.12%
7.30%
N/A
N/A
Key characteristics
| AOUIX | AAA | |
|---|---|---|
| Sharpe Ratio | 4.31 | 3.65 |
| Sortino Ratio | 13.22 | 5.97 |
| Omega Ratio | 3.69 | 1.81 |
| Calmar Ratio | 35.97 | 15.37 |
| Martin Ratio | 81.69 | 69.79 |
| Ulcer Index | 0.09% | 0.10% |
| Daily Std Dev | 1.71% | 1.98% |
| Max Drawdown | -7.38% | -2.63% |
| Current Drawdown | 0.00% | -0.24% |
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AOUIX vs. AAA - Expense Ratio Comparison
AOUIX has a 0.53% expense ratio, which is higher than AAA's 0.25% expense ratio.
Correlation
The correlation between AOUIX and AAA is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
AOUIX vs. AAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Angel Oak UltraShort Income Fund (AOUIX) and AAF First Priority CLO Bond ETF (AAA). 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
AOUIX vs. AAA - Dividend Comparison
AOUIX's dividend yield for the trailing twelve months is around 5.14%, less than AAA's 6.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
AOUIX Angel Oak UltraShort Income Fund | 5.14% | 4.43% | 2.15% | 1.38% | 2.26% | 3.08% | 2.15% |
AAA AAF First Priority CLO Bond ETF | 6.30% | 6.12% | 2.78% | 1.06% | 0.32% | 0.00% | 0.00% |
Drawdowns
AOUIX vs. AAA - Drawdown Comparison
The maximum AOUIX drawdown since its inception was -7.38%, which is greater than AAA's maximum drawdown of -2.63%. Use the drawdown chart below to compare losses from any high point for AOUIX and AAA. For additional features, visit the drawdowns tool.
Volatility
AOUIX vs. AAA - Volatility Comparison
The current volatility for Angel Oak UltraShort Income Fund (AOUIX) is 0.42%, while AAF First Priority CLO Bond ETF (AAA) has a volatility of 0.54%. This indicates that AOUIX experiences smaller price fluctuations and is considered to be less risky than AAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.