AOUIX vs. TLT
Compare and contrast key facts about Angel Oak UltraShort Income Fund (AOUIX) and iShares 20+ Year Treasury Bond ETF (TLT).
AOUIX is managed by Angel Oak. It was launched on Apr 2, 2018. TLT is a passively managed fund by iShares that tracks the performance of the ICE U.S. Treasury 20+ Year Bond Index. It was launched on Jul 22, 2002.
Performance
AOUIX vs. TLT - Performance Comparison
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AOUIX vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AOUIX Angel Oak UltraShort Income Fund | 0.37% | 5.63% | 7.06% | 6.21% | -4.11% | 0.97% | 1.99% | 4.07% | 2.25% |
TLT iShares 20+ Year Treasury Bond ETF | 0.17% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | 1.77% |
Returns By Period
In the year-to-date period, AOUIX achieves a 0.37% return, which is significantly higher than TLT's 0.17% return.
AOUIX
- 1D
- 0.00%
- 1M
- -0.40%
- YTD
- 0.37%
- 6M
- 1.67%
- 1Y
- 4.50%
- 3Y*
- 5.74%
- 5Y*
- 3.05%
- 10Y*
- —
TLT
- 1D
- -0.10%
- 1M
- -4.23%
- YTD
- 0.17%
- 6M
- -0.87%
- 1Y
- -0.49%
- 3Y*
- -2.78%
- 5Y*
- -5.85%
- 10Y*
- -1.38%
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AOUIX vs. TLT - Expense Ratio Comparison
AOUIX has a 0.53% expense ratio, which is higher than TLT's 0.15% expense ratio.
Return for Risk
AOUIX vs. TLT — Risk / Return Rank
AOUIX
TLT
AOUIX vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Angel Oak UltraShort Income Fund (AOUIX) and iShares 20+ Year Treasury Bond ETF (TLT). 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.
| AOUIX | TLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.08 | -0.04 | +3.13 |
Sortino ratioReturn per unit of downside risk | 9.21 | 0.02 | +9.20 |
Omega ratioGain probability vs. loss probability | 2.77 | 1.00 | +1.77 |
Calmar ratioReturn relative to maximum drawdown | 12.20 | 0.05 | +12.15 |
Martin ratioReturn relative to average drawdown | 42.89 | 0.11 | +42.77 |
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
| AOUIX | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.08 | -0.04 | +3.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.05 | -0.37 | +2.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.55 | 0.26 | +1.30 |
Correlation
The correlation between AOUIX and TLT is 0.23, 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.
Dividends
AOUIX vs. TLT - Dividend Comparison
AOUIX's dividend yield for the trailing twelve months is around 4.50%, which matches TLT's 4.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOUIX Angel Oak UltraShort Income Fund | 4.50% | 5.05% | 5.36% | 3.69% | 1.48% | 1.37% | 2.24% | 3.08% | 2.12% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.49% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Drawdowns
AOUIX vs. TLT - Drawdown Comparison
The maximum AOUIX drawdown since its inception was -7.38%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for AOUIX and TLT.
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Drawdown Indicators
| AOUIX | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.38% | -48.35% | +40.97% |
Max Drawdown (1Y)Largest decline over 1 year | -0.41% | -9.23% | +8.82% |
Max Drawdown (5Y)Largest decline over 5 years | -4.53% | -43.70% | +39.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.35% | — |
Current DrawdownCurrent decline from peak | -0.40% | -40.17% | +39.77% |
Average DrawdownAverage peak-to-trough decline | -0.62% | -13.62% | +13.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 4.38% | -4.26% |
Volatility
AOUIX vs. TLT - Volatility Comparison
The current volatility for Angel Oak UltraShort Income Fund (AOUIX) is 0.19%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 3.71%. This indicates that AOUIX experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AOUIX | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.19% | 3.71% | -3.52% |
Volatility (6M)Calculated over the trailing 6-month period | 1.11% | 6.61% | -5.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.61% | 11.44% | -9.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.49% | 15.90% | -14.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.94% | 14.93% | -12.99% |