CARY vs. BLUI
CARY (Angel Oak Income ETF) and BLUI (Bluemonte Diversified Income ETF) are both Multisector Bonds funds. Over the past year, CARY returned 6.45% vs 7.02% for BLUI. A 0.66 correlation means they provide meaningful diversification when combined. CARY charges 0.80%/yr vs 0.75%/yr for BLUI.
Performance
CARY vs. BLUI - Performance Comparison
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Returns By Period
In the year-to-date period, CARY achieves a 2.01% return, which is significantly lower than BLUI's 3.31% return.
CARY
- 1D
- -0.10%
- 1M
- 0.49%
- YTD
- 2.01%
- 6M
- 2.08%
- 1Y
- 6.45%
- 3Y*
- 7.33%
- 5Y*
- —
- 10Y*
- —
BLUI
- 1D
- -0.01%
- 1M
- -0.30%
- YTD
- 3.31%
- 6M
- 3.52%
- 1Y
- 7.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CARY vs. BLUI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CARY Angel Oak Income ETF | 2.01% | 4.35% |
BLUI Bluemonte Diversified Income ETF | 3.31% | 3.60% |
Correlation
The correlation between CARY and BLUI 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 (All Time) Calculated using the full available price history since Jun 23, 2025 | 0.66 |
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Return for Risk
CARY vs. BLUI — Risk / Return Rank
CARY
BLUI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CARY vs. BLUI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Angel Oak Income ETF (CARY) and Bluemonte Diversified Income ETF (BLUI). 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 | BLUI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.79 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.07 | — | — |
| Martin ratioReturn relative to average drawdown | 21.83 | — | — |
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Drawdowns
CARY vs. BLUI - Drawdown Comparison
The maximum CARY drawdown since its inception was -1.96%, smaller than the maximum BLUI drawdown of -2.43%. Use the drawdown chart below to compare losses from any high point for CARY and BLUI.
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Drawdown Indicators
| CARY | BLUI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.96% | -2.43% | +0.47% |
Max Drawdown (1Y)Largest decline over 1 year | -1.28% | -2.43% | +1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -1.96% | — | — |
Current DrawdownCurrent decline from peak | -0.19% | -0.46% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -0.32% | -0.36% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | — | — |
Volatility
CARY vs. BLUI - Volatility Comparison
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Volatility by Period
| CARY | BLUI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.40% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.81% | 3.90% | -2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.73% | 3.90% | -1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.73% | 3.90% | -1.17% |
CARY vs. BLUI - Expense Ratio Comparison
CARY has a 0.80% expense ratio, which is higher than BLUI's 0.75% expense ratio.
Dividends
CARY vs. BLUI - Dividend Comparison
CARY's dividend yield for the trailing twelve months is around 5.92%, more than BLUI's 4.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BLUI Bluemonte Diversified Income ETF | 4.72% | 2.91% | 0.00% | 0.00% | 0.00% |
CARY Angel Oak Income ETF | 5.92% | 6.13% | 6.10% | 6.38% | 0.48% |
Frequently Asked Questions
CARY and BLUI 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.
On 1-year performance, BLUI leads with 7.02% vs 6.45% for CARY. On fees, BLUI is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BLUI has performed better with a 7.02% return vs 6.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BLUI is cheaper with a 0.75% expense ratio, compared with 0.80% for CARY.
CARY has the higher dividend yield at 5.92%, compared with 4.72% for BLUI.
They also come from different issuers: Angel Oak and Bluemonte. Their fees differ too: 0.80% for CARY and 0.75% for BLUI.
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