HIMU vs. UYLD
HIMU (iShares High Yield Muni Active ETF) and UYLD (Angel Oak Ultrashort Income ETF) are both exchange-traded funds - HIMU is a High Yield Muni fund actively managed by iShares, while UYLD is a Ultrashort Bond fund actively managed by Angel Oak. Both are actively managed. Over the past year, HIMU returned 7.39% vs 5.18% for UYLD. At a 0.29 correlation, their price movements are largely independent. HIMU charges 0.42%/yr vs 0.29%/yr for UYLD.
Performance
HIMU vs. UYLD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HIMU achieves a 2.68% return, which is significantly higher than UYLD's 1.91% return.
HIMU
- 1D
- 0.00%
- 1M
- 1.18%
- YTD
- 2.68%
- 6M
- 2.79%
- 1Y
- 7.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UYLD
- 1D
- -0.01%
- 1M
- 0.67%
- YTD
- 1.91%
- 6M
- 2.37%
- 1Y
- 5.18%
- 3Y*
- 5.89%
- 5Y*
- —
- 10Y*
- —
HIMU vs. UYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HIMU iShares High Yield Muni Active ETF | 2.68% | 1.14% |
UYLD Angel Oak Ultrashort Income ETF | 1.91% | 4.76% |
Correlation
The correlation between HIMU and UYLD is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2025 | 0.29 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HIMU vs. UYLD — Risk / Return Rank
HIMU
UYLD
HIMU vs. UYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares High Yield Muni Active ETF (HIMU) 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.
| HIMU | UYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.39 | ||
| Sortino ratioReturn per unit of downside risk | -19.61 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 4.35 | -3.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 38.06 | -35.81 |
| Martin ratioReturn relative to average drawdown | 7.08 | 225.76 | -218.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| HIMU | UYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 8.00 | -6.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 5.98 | -5.59 |
Drawdowns
HIMU vs. UYLD - Drawdown Comparison
The maximum HIMU drawdown since its inception was -8.01%, which is greater than UYLD's maximum drawdown of -0.54%. Use the drawdown chart below to compare losses from any high point for HIMU and UYLD.
Loading charts...
Drawdown Indicators
| HIMU | UYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.01% | -0.54% | -7.47% |
Max Drawdown (1Y)Largest decline over 1 year | -3.29% | -0.14% | -3.15% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.54% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.01% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -1.76% | -0.03% | -1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.02% | +1.03% |
Volatility
HIMU vs. UYLD - Volatility Comparison
iShares High Yield Muni Active ETF (HIMU) has a higher volatility of 1.26% compared to Angel Oak Ultrashort Income ETF (UYLD) at 0.38%. This indicates that HIMU's price experiences larger fluctuations and is considered to be riskier than UYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HIMU | UYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 0.38% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 3.15% | 0.50% | +2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.62% | 0.65% | +3.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.42% | 1.00% | +6.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.42% | 1.00% | +6.42% |
HIMU vs. UYLD - Expense Ratio Comparison
HIMU has a 0.42% expense ratio, which is higher than UYLD's 0.29% expense ratio.
Dividends
HIMU vs. UYLD - Dividend Comparison
HIMU's dividend yield for the trailing twelve months is around 5.15%, more than UYLD's 5.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HIMU iShares High Yield Muni Active ETF | 5.15% | 4.57% | 0.00% | 0.00% | 0.00% |
UYLD Angel Oak Ultrashort Income ETF | 5.03% | 5.07% | 4.97% | 5.92% | 0.75% |
Frequently Asked Questions
HIMU and UYLD have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIMU has higher volatility (1.26%) compared to UYLD (0.38%). In terms of maximum drawdown, HIMU dropped -8.01% vs UYLD's -0.54%.
On 1-year performance, HIMU leads with 7.39% vs 5.18% for UYLD. On fees, UYLD is cheaper at 0.29% per year. On volatility, UYLD has been the lower-risk option at 0.38%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HIMU has performed better with a 7.39% return vs 5.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UYLD is cheaper with a 0.29% expense ratio, compared with 0.42% for HIMU.
HIMU has the higher dividend yield at 5.15%, compared with 5.03% for UYLD.
HIMU is categorized as High Yield Muni, while UYLD is Ultrashort Bond. They also come from different issuers: iShares and Angel Oak. Their fees differ too: 0.42% for HIMU and 0.29% for UYLD.
UYLD currently has the higher Sharpe Ratio (8.00 vs 1.61), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for HIMU and UYLD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer