CARY vs. AGGA

Last updated Aug 2, 2026

CARY (Angel Oak Income ETF) and AGGA (Astoria Dynamic Core US Fixed Income ETF) are both Multisector Bonds funds. Both are actively managed. Over the past year, CARY returned 5.10% vs 2.58% for AGGA. Their 0.77 correlation means they have sometimes moved together and sometimes differently. CARY charges 0.80%/yr vs 0.55%/yr for AGGA.

Performance

CARY vs. AGGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Angel Oak Income ETF (CARY) and Astoria Dynamic Core US Fixed Income ETF (AGGA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CARY achieves a 2.09% return, which is significantly higher than AGGA's 0.39% return.

CARY

• 1D: -0.11%
• 1M: -0.26%
• 6M: 1.41%
• YTD: 2.09%
• 1Y: 5.10%
• 3Y*: 6.97%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.93%

AGGA

• 1D: -0.28%
• 1M: -0.79%
• 6M: 0.07%
• YTD: 0.39%
• 1Y: 2.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.90%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AGGA Astoria Dynamic Core US Fixed Income ETF	$225.36K	$302.31K	$395.65K
CARY Angel Oak Income ETF	$6.55M	$9.29M	$7.97M

CARY vs. AGGA - Yearly Performance Comparison

	2026 (YTD)	2025
CARY Angel Oak Income ETF	2.09%	5.02%
AGGA Astoria Dynamic Core US Fixed Income ETF	0.39%	4.49%

Correlation

The correlation between CARY and AGGA is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.79
Correlation (All Time) Calculated using the full available price history since May 1, 2025	0.77

The correlation between CARY and AGGA has been stable across timeframes, ranging from 0.77 to 0.79 - a consistent structural relationship.

Return for Risk

CARY vs. AGGA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CARY

CARY Risk / Return Rank: 95
CARY Sharpe Ratio Rank: 96
CARY Sortino Ratio Rank: 96
CARY Omega Ratio Rank: 96
CARY Calmar Ratio Rank: 92
CARY Martin Ratio Rank: 94

AGGA

AGGA Risk / Return Rank: 58
AGGA Sharpe Ratio Rank: 57
AGGA Sortino Ratio Rank: 59
AGGA Omega Ratio Rank: 57
AGGA Calmar Ratio Rank: 57
AGGA Martin Ratio Rank: 62

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CARY vs. AGGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Angel Oak Income ETF (CARY) and Astoria Dynamic Core US Fixed Income ETF (AGGA). 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.

	CARY	AGGA	Difference
Sharpe ratio: Return per unit of total volatility	3.02	1.38	+1.64
Sortino ratio: Return per unit of downside risk	4.58	2.01	+2.57
Omega ratio: Gain probability vs. loss probability	1.64	1.25	+0.38
Calmar ratio: Return relative to maximum drawdown	4.28	2.03	+2.25
Martin ratio: Return relative to average drawdown	17.77	7.50	+10.27

CARY vs. AGGA - Sharpe Ratio Comparison

The current CARY Sharpe Ratio is 3.02, which is higher than the AGGA Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of CARY and AGGA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CARY vs. AGGA - Drawdown Comparison

The maximum CARY drawdown since its inception was -1.96%, which is greater than AGGA's maximum drawdown of -1.47%. Use the drawdown chart below to compare losses from any high point for CARY and AGGA.

Drawdown Indicators

	CARY	AGGA	Difference
Max Drawdown Largest peak-to-trough decline	-1.96%	-1.47%	-0.49%
Max Drawdown (1Y) Largest decline over 1 year	-1.28%	-1.47%	+0.19%
Max Drawdown (3Y) Largest decline over 3 years	-1.96%	—	—
Current Drawdown Current decline from peak	-0.41%	-0.96%	+0.55%
Average Drawdown Average peak-to-trough decline	-0.32%	-0.23%	-0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.31%	0.40%	-0.09%

Volatility

CARY vs. AGGA - Volatility Comparison

The current volatility for Angel Oak Income ETF (CARY) is 0.57%, while Astoria Dynamic Core US Fixed Income ETF (AGGA) has a volatility of 0.65%. This indicates that CARY experiences smaller price fluctuations and is considered to be less risky than AGGA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CARY	AGGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.57%	0.65%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	1.46%	1.80%	-0.34%
Volatility (1Y) Calculated over the trailing 1-year period	1.81%	2.17%	-0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.71%	2.24%	+0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.71%	2.24%	+0.47%

CARY vs. AGGA - Expense Ratio Comparison

CARY has a 0.80% expense ratio, which is higher than AGGA's 0.55% expense ratio.

Dividends

CARY vs. AGGA - Dividend Comparison

CARY's dividend yield for the trailing twelve months is around 5.94%, more than AGGA's 4.25% yield.

Position	TTM	2025	2024	2023	2022
AGGA Astoria Dynamic Core US Fixed Income ETF	4.25%	2.81%	0.00%	0.00%	0.00%
CARY Angel Oak Income ETF	5.94%	6.13%	6.10%	6.38%	0.48%

Frequently Asked Questions

Can I hold both CARY and AGGA in my portfolio?

CARY and AGGA have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CARY or AGGA?

AGGA has higher volatility (0.65%) compared to CARY (0.57%). In terms of maximum drawdown, CARY dropped -1.96% vs AGGA's -1.47%.

Which ETF is better, CARY or AGGA?

On 1-year performance, CARY leads with 5.10% vs 2.58% for AGGA. On fees, AGGA is cheaper at 0.55% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CARY or AGGA?

Over the 1-year period, CARY has performed better with a 5.10% return vs 2.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CARY or AGGA?

AGGA is cheaper with a 0.55% expense ratio, compared with 0.80% for CARY.

Which ETF pays a higher dividend yield, CARY or AGGA?

CARY has the higher dividend yield at 5.94%, compared with 4.25% for AGGA.

What is the main difference between CARY and AGGA?

They also come from different issuers: Angel Oak and Astoria. Their fees differ too: 0.80% for CARY and 0.55% for AGGA.

Which has better risk-adjusted returns?

CARY currently has the higher Sharpe Ratio (3.02 vs 1.38), 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.