Correlation
The correlation between CION and ANGLX is 0.11, 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.
CION vs. ANGLX
Compare and contrast key facts about CION Investment Corporation (CION) and Angel Oak Multi-Strategy Income Fund (ANGLX).
ANGLX is managed by Angel Oak. It was launched on Jun 27, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CION or ANGLX.
Performance
CION vs. ANGLX - Performance Comparison
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Key characteristics
CION:
-0.45
ANGLX:
2.73
CION:
-0.51
ANGLX:
4.72
CION:
0.93
ANGLX:
1.61
CION:
-0.39
ANGLX:
1.15
CION:
-1.21
ANGLX:
11.42
CION:
9.23%
ANGLX:
0.67%
CION:
23.52%
ANGLX:
2.87%
CION:
-45.34%
ANGLX:
-16.40%
CION:
-19.97%
ANGLX:
-0.71%
Returns By Period
In the year-to-date period, CION achieves a -11.90% return, which is significantly lower than ANGLX's 1.89% return.
CION
-11.90%
-3.86%
-11.28%
-10.59%
9.46%
N/A
N/A
ANGLX
1.89%
-0.14%
2.31%
7.76%
1.78%
2.10%
1.79%
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Risk-Adjusted Performance
CION vs. ANGLX — Risk-Adjusted Performance Rank
CION
ANGLX
CION vs. ANGLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CION Investment Corporation (CION) and Angel Oak Multi-Strategy Income Fund (ANGLX). 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.
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Dividends
CION vs. ANGLX - Dividend Comparison
CION's dividend yield for the trailing twelve months is around 15.86%, more than ANGLX's 5.73% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CION CION Investment Corporation | 15.86% | 13.33% | 14.24% | 14.87% | 3.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ANGLX Angel Oak Multi-Strategy Income Fund | 5.73% | 5.80% | 5.74% | 5.45% | 4.51% | 4.38% | 4.53% | 4.71% | 4.97% | 6.34% | 6.74% | 5.05% |
Drawdowns
CION vs. ANGLX - Drawdown Comparison
The maximum CION drawdown since its inception was -45.34%, which is greater than ANGLX's maximum drawdown of -16.40%. Use the drawdown chart below to compare losses from any high point for CION and ANGLX.
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Volatility
CION vs. ANGLX - Volatility Comparison
CION Investment Corporation (CION) has a higher volatility of 7.75% compared to Angel Oak Multi-Strategy Income Fund (ANGLX) at 0.76%. This indicates that CION's price experiences larger fluctuations and is considered to be riskier than ANGLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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