CARY vs. RMIF

Last updated Apr 1, 2026

Compare and contrast key facts about Angel Oak Income ETF (CARY) and LHA Risk-Managed Income ETF (RMIF).

CARY and RMIF 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. RMIF is an actively managed fund by Little Harbor Advisors. It was launched on Jun 8, 2023.

Performance

CARY vs. RMIF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Angel Oak Income ETF (CARY) and LHA Risk-Managed Income ETF (RMIF). The values are adjusted to include any dividend payments, if applicable.

CARY vs. RMIF - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CARY Angel Oak Income ETF	0.97%	7.54%	-0.74%
RMIF LHA Risk-Managed Income ETF	-1.49%	4.36%	0.11%

Returns By Period

In the year-to-date period, CARY achieves a 0.97% return, which is significantly higher than RMIF's -1.49% return.

CARY

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

RMIF

• 1D: 0.41%
• 1M: -1.27%
• YTD: -1.49%
• 6M: -0.40%
• 1Y: 2.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CARY vs. RMIF - Expense Ratio Comparison

CARY has a 0.80% expense ratio, which is lower than RMIF's 1.38% expense ratio.

RMIF

LHA Risk-Managed Income ETF

CARY

Angel Oak Income ETF

Return for Risk

CARY vs. RMIF — 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

RMIF

RMIF Risk / Return Rank: 42
RMIF Sharpe Ratio Rank: 46
RMIF Sortino Ratio Rank: 38
RMIF Omega Ratio Rank: 44
RMIF Calmar Ratio Rank: 42
RMIF Martin Ratio Rank: 40

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. RMIF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Angel Oak Income ETF (CARY) and LHA Risk-Managed Income ETF (RMIF). 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	RMIF	Difference
Sharpe ratio Return per unit of total volatility	3.09	0.85	+2.24
Sortino ratio Return per unit of downside risk	4.52	1.11	+3.41
Omega ratio Gain probability vs. loss probability	1.67	1.18	+0.50
Calmar ratio Return relative to maximum drawdown	5.08	1.10	+3.97
Martin ratio Return relative to average drawdown	19.05	3.82	+15.23
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. RMIF - Sharpe Ratio Comparison

The current CARY Sharpe Ratio is 3.09, which is higher than the RMIF Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of CARY and RMIF, 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	RMIF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.09	0.85	+2.24
Sharpe Ratio (All Time) Calculated using the full available price history	2.83	1.91	+0.92

Correlation

The correlation between CARY and RMIF is 0.39, 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

CARY vs. RMIF - Dividend Comparison

CARY's dividend yield for the trailing twelve months is around 6.07%, more than RMIF's 5.63% yield.

	TTM	2025	2024	2023
CARY Angel Oak Income ETF	6.07%	6.13%	0.42%	0.00%
RMIF LHA Risk-Managed Income ETF	5.63%	5.70%	6.61%	3.70%

Drawdowns

CARY vs. RMIF - Drawdown Comparison

The maximum CARY drawdown since its inception was -1.28%, smaller than the maximum RMIF drawdown of -3.01%. Use the drawdown chart below to compare losses from any high point for CARY and RMIF.

Drawdown Indicators

	CARY	RMIF	Difference
Max Drawdown Largest peak-to-trough decline	-1.28%	-3.01%	+1.73%
Max Drawdown (1Y) Largest decline over 1 year	-1.28%	-2.37%	+1.09%
Current Drawdown Current decline from peak	-0.83%	-1.95%	+1.12%
Average Drawdown Average peak-to-trough decline	-0.22%	-0.31%	+0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.34%	0.68%	-0.34%

Volatility

CARY vs. RMIF - Volatility Comparison

The current volatility for Angel Oak Income ETF (CARY) is 0.89%, while LHA Risk-Managed Income ETF (RMIF) has a volatility of 1.56%. This indicates that CARY experiences smaller price fluctuations and is considered to be less risky than RMIF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CARY	RMIF	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.89%	1.56%	-0.67%
Volatility (6M) Calculated over the trailing 6-month period	1.27%	2.19%	-0.92%
Volatility (1Y) Calculated over the trailing 1-year period	2.05%	3.15%	-1.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.18%	2.62%	-0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.18%	2.62%	-0.44%