DLUX vs. UYLD

Last updated Jul 28, 2026

DLUX (DoubleLine Ultrashort Income ETF) and UYLD (Angel Oak Ultrashort Income ETF) are both Ultrashort Bond funds. Both are actively managed. Their 0.24 correlation means their historical movements had little consistent relationship. DLUX charges 0.18%/yr vs 0.29%/yr for UYLD.

Performance

DLUX vs. UYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Ultrashort Income ETF (DLUX) and Angel Oak Ultrashort Income ETF (UYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DLUX

• 1D: -0.04%
• 1M: 0.31%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

UYLD

• 1D: 0.03%
• 1M: 0.26%
• 6M: 2.16%
• YTD: 2.47%
• 1Y: 4.83%
• 3Y*: 5.77%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.85%

*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)
DLUX DoubleLine Ultrashort Income ETF	$70.66K	$51.09K	$1.69M
UYLD Angel Oak Ultrashort Income ETF	$7.18M	$8.33M	$9.67M

DLUX vs. UYLD - Yearly Performance Comparison

	2026 (YTD)
DLUX DoubleLine Ultrashort Income ETF	1.33%
UYLD Angel Oak Ultrashort Income ETF	1.59%

Correlation

The correlation between DLUX and UYLD is 0.24, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 1, 2026	0.24

Return for Risk

DLUX vs. UYLD — Risk / Return Rank

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

DLUX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

UYLD

UYLD Risk / Return Rank: 99
UYLD Sharpe Ratio Rank: 99
UYLD Sortino Ratio Rank: 99
UYLD Omega Ratio Rank: 99
UYLD Calmar Ratio Rank: 99
UYLD Martin Ratio Rank: 99

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.

DLUX vs. UYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Ultrashort Income ETF (DLUX) and Angel Oak Ultrashort Income ETF (UYLD). 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.

	DLUX	UYLD	Difference
Sharpe ratio: Return per unit of total volatility	—	7.61	—
Sortino ratio: Return per unit of downside risk	—	20.40	—
Omega ratio: Gain probability vs. loss probability	—	4.15	—
Calmar ratio: Return relative to maximum drawdown	—	35.46	—
Martin ratio: Return relative to average drawdown	—	208.15	—

Drawdowns

DLUX vs. UYLD - Drawdown Comparison

The maximum DLUX drawdown since its inception was -0.16%, smaller than the maximum UYLD drawdown of -0.54%. Use the drawdown chart below to compare losses from any high point for DLUX and UYLD.

Drawdown Indicators

	DLUX	UYLD	Difference
Max Drawdown Largest peak-to-trough decline	-0.16%	-0.54%	+0.38%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.14%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.54%	—
Current Drawdown Current decline from peak	-0.09%	0.00%	-0.09%
Average Drawdown Average peak-to-trough decline	-0.03%	-0.03%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.02%	—

Volatility

Volatility by Period

	DLUX	UYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.13%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.90%	0.64%	+0.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.90%	0.98%	-0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.90%	0.98%	-0.08%

DLUX vs. UYLD - Expense Ratio Comparison

DLUX has a 0.18% expense ratio, which is lower than UYLD's 0.29% expense ratio.

Dividends

DLUX vs. UYLD - Dividend Comparison

DLUX's dividend yield for the trailing twelve months is around 0.80%, less than UYLD's 5.00% yield.

Position	TTM	2025	2024	2023	2022
DLUX DoubleLine Ultrashort Income ETF	0.80%	0.00%	0.00%	0.00%	0.00%
UYLD Angel Oak Ultrashort Income ETF	5.00%	5.07%	4.97%	5.92%	0.75%

Frequently Asked Questions

Can I hold both DLUX and UYLD in my portfolio?

DLUX and UYLD have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DLUX or UYLD?

On fees, DLUX is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DLUX or UYLD?

DLUX is cheaper with a 0.18% expense ratio, compared with 0.29% for UYLD.

Which ETF pays a higher dividend yield, DLUX or UYLD?

UYLD has the higher dividend yield at 5.00%, compared with 0.80% for DLUX.

What is the main difference between DLUX and UYLD?

They also come from different issuers: DoubleLine and Angel Oak. Their fees differ too: 0.18% for DLUX and 0.29% for UYLD.