CARY vs. PSDM

Last updated Apr 1, 2026

Compare and contrast key facts about Angel Oak Income ETF (CARY) and PGIM Short Duration Multi-Sector Bond ETF (PSDM).

CARY and PSDM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CARY is an actively managed fund by Angel Oak. It was launched on Nov 7, 2022. PSDM is an actively managed fund by PGIM. It was launched on Jul 19, 2023.

Performance

CARY vs. PSDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Angel Oak Income ETF (CARY) and PGIM Short Duration Multi-Sector Bond ETF (PSDM). The values are adjusted to include any dividend payments, if applicable.

CARY vs. PSDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CARY Angel Oak Income ETF	0.97%	7.54%	-0.74%
PSDM PGIM Short Duration Multi-Sector Bond ETF	0.48%	6.16%	0.31%

Returns By Period

In the year-to-date period, CARY achieves a 0.97% return, which is significantly higher than PSDM's 0.48% return.

CARY

• 1D: 0.36%
• 1M: -0.81%
• YTD: 0.97%
• 6M: 2.36%
• 1Y: 6.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PSDM

• 1D: 0.59%
• 1M: -0.45%
• YTD: 0.48%
• 6M: 1.75%
• 1Y: 5.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CARY vs. PSDM - Expense Ratio Comparison

CARY has a 0.80% expense ratio, which is higher than PSDM's 0.40% expense ratio.

CARY

Angel Oak Income ETF

PSDM

PGIM Short Duration Multi-Sector Bond ETF

Return for Risk

CARY vs. PSDM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CARY

CARY Risk / Return Rank: 97
CARY Sharpe Ratio Rank: 98
CARY Sortino Ratio Rank: 98
CARY Omega Ratio Rank: 98
CARY Calmar Ratio Rank: 97
CARY Martin Ratio Rank: 97

PSDM

PSDM Risk / Return Rank: 96
PSDM Sharpe Ratio Rank: 96
PSDM Sortino Ratio Rank: 98
PSDM Omega Ratio Rank: 97
PSDM Calmar Ratio Rank: 95
PSDM Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CARY vs. PSDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Angel Oak Income ETF (CARY) and PGIM Short Duration Multi-Sector Bond ETF (PSDM). 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.

	CARY	PSDM	Difference
Sharpe ratio Return per unit of total volatility	3.09	2.60	+0.49
Sortino ratio Return per unit of downside risk	4.52	4.17	+0.35
Omega ratio Gain probability vs. loss probability	1.67	1.55	+0.12
Calmar ratio Return relative to maximum drawdown	5.08	4.19	+0.88
Martin ratio Return relative to average drawdown	19.05	16.21	+2.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CARY vs. PSDM - Sharpe Ratio Comparison

The current CARY Sharpe Ratio is 3.09, which is comparable to the PSDM Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of CARY and PSDM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CARY	PSDM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.09	2.60	+0.49
Sharpe Ratio (All Time) Calculated using the full available price history	2.83	2.99	-0.17

Correlation

The correlation between CARY and PSDM is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CARY vs. PSDM - Dividend Comparison

CARY's dividend yield for the trailing twelve months is around 6.07%, more than PSDM's 5.32% yield.

	TTM	2025	2024	2023
CARY Angel Oak Income ETF	6.07%	6.13%	0.42%	0.00%
PSDM PGIM Short Duration Multi-Sector Bond ETF	5.32%	4.57%	5.17%	2.91%

Drawdowns

CARY vs. PSDM - Drawdown Comparison

The maximum CARY drawdown since its inception was -1.28%, which is greater than PSDM's maximum drawdown of -1.19%. Use the drawdown chart below to compare losses from any high point for CARY and PSDM.

Drawdown Indicators

	CARY	PSDM	Difference
Max Drawdown Largest peak-to-trough decline	-1.28%	-1.19%	-0.09%
Max Drawdown (1Y) Largest decline over 1 year	-1.28%	-1.19%	-0.09%
Current Drawdown Current decline from peak	-0.83%	-0.45%	-0.38%
Average Drawdown Average peak-to-trough decline	-0.22%	-0.17%	-0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.34%	0.31%	+0.03%

Volatility

CARY vs. PSDM - Volatility Comparison

Angel Oak Income ETF (CARY) and PGIM Short Duration Multi-Sector Bond ETF (PSDM) have volatilities of 0.89% and 0.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CARY	PSDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.89%	0.91%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	1.27%	1.18%	+0.09%
Volatility (1Y) Calculated over the trailing 1-year period	2.05%	1.96%	+0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.18%	2.02%	+0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.18%	2.02%	+0.16%