JOJO vs. CARY

Last updated Apr 1, 2026

Compare and contrast key facts about ATAC Credit Rotation ETF (JOJO) and Angel Oak Income ETF (CARY).

JOJO and CARY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JOJO is an actively managed fund by ATAC. It was launched on Jul 15, 2021. CARY is an actively managed fund by Angel Oak. It was launched on Nov 7, 2022.

Performance

JOJO vs. CARY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ATAC Credit Rotation ETF (JOJO) and Angel Oak Income ETF (CARY). The values are adjusted to include any dividend payments, if applicable.

JOJO vs. CARY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JOJO ATAC Credit Rotation ETF	1.04%	10.52%	0.28%
CARY Angel Oak Income ETF	0.97%	7.54%	-0.74%

Returns By Period

In the year-to-date period, JOJO achieves a 1.04% return, which is significantly higher than CARY's 0.97% return.

JOJO

• 1D: -0.00%
• 1M: -3.81%
• YTD: 1.04%
• 6M: 3.31%
• 1Y: 8.37%
• 3Y*: 6.56%
• 5Y*: —
• 10Y*: —

CARY

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

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

JOJO vs. CARY - Expense Ratio Comparison

JOJO has a 1.28% expense ratio, which is higher than CARY's 0.80% expense ratio.

JOJO

ATAC Credit Rotation ETF

CARY

Angel Oak Income ETF

Return for Risk

JOJO vs. CARY — Risk / Return Rank

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

JOJO

JOJO Risk / Return Rank: 53
JOJO Sharpe Ratio Rank: 57
JOJO Sortino Ratio Rank: 52
JOJO Omega Ratio Rank: 56
JOJO Calmar Ratio Rank: 54
JOJO Martin Ratio Rank: 45

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

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.

JOJO vs. CARY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ATAC Credit Rotation ETF (JOJO) and Angel Oak Income ETF (CARY). 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.

	JOJO	CARY	Difference
Sharpe ratio Return per unit of total volatility	1.02	3.09	-2.07
Sortino ratio Return per unit of downside risk	1.39	4.52	-3.13
Omega ratio Gain probability vs. loss probability	1.21	1.67	-0.46
Calmar ratio Return relative to maximum drawdown	1.39	5.08	-3.68
Martin ratio Return relative to average drawdown	4.35	19.05	-14.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JOJO vs. CARY - Sharpe Ratio Comparison

The current JOJO Sharpe Ratio is 1.02, which is lower than the CARY Sharpe Ratio of 3.09. The chart below compares the historical Sharpe Ratios of JOJO and CARY, 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

	JOJO	CARY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	3.09	-2.07
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	2.83	-2.90

Correlation

The correlation between JOJO and CARY is 0.47, 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

JOJO vs. CARY - Dividend Comparison

JOJO's dividend yield for the trailing twelve months is around 4.99%, less than CARY's 6.07% yield.

	TTM	2025	2024	2023	2022	2021
JOJO ATAC Credit Rotation ETF	4.99%	4.78%	4.88%	4.30%	3.63%	2.53%
CARY Angel Oak Income ETF	6.07%	6.13%	0.42%	0.00%	0.00%	0.00%

Drawdowns

JOJO vs. CARY - Drawdown Comparison

The maximum JOJO drawdown since its inception was -28.43%, which is greater than CARY's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for JOJO and CARY.

Drawdown Indicators

	JOJO	CARY	Difference
Max Drawdown Largest peak-to-trough decline	-28.43%	-1.28%	-27.15%
Max Drawdown (1Y) Largest decline over 1 year	-6.54%	-1.28%	-5.26%
Current Drawdown Current decline from peak	-7.04%	-0.83%	-6.21%
Average Drawdown Average peak-to-trough decline	-16.18%	-0.22%	-15.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	0.34%	+1.76%

Volatility

JOJO vs. CARY - Volatility Comparison

ATAC Credit Rotation ETF (JOJO) has a higher volatility of 3.31% compared to Angel Oak Income ETF (CARY) at 0.89%. This indicates that JOJO's price experiences larger fluctuations and is considered to be riskier than CARY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JOJO	CARY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.31%	0.89%	+2.42%
Volatility (6M) Calculated over the trailing 6-month period	5.20%	1.27%	+3.93%
Volatility (1Y) Calculated over the trailing 1-year period	8.28%	2.05%	+6.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.48%	2.18%	+9.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.48%	2.18%	+9.30%