TAXX vs. UYLD
Compare and contrast key facts about Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) and Angel Oak Ultrashort Income ETF (UYLD).
TAXX and UYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TAXX is an actively managed fund by BondBloxx. It was launched on Mar 14, 2024. UYLD is an actively managed fund by Angel Oak. It was launched on Oct 24, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TAXX or UYLD.
Correlation
The correlation between TAXX and UYLD is 0.43, 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.
Performance
TAXX vs. UYLD - Performance Comparison
Key characteristics
TAXX:
1.32%
UYLD:
0.82%
TAXX:
-0.59%
UYLD:
-0.41%
TAXX:
-0.20%
UYLD:
0.00%
Returns By Period
In the year-to-date period, TAXX achieves a 0.33% return, which is significantly lower than UYLD's 0.42% return.
TAXX
0.33%
0.33%
1.82%
N/A
N/A
N/A
UYLD
0.42%
0.42%
2.91%
6.42%
N/A
N/A
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TAXX vs. UYLD - Expense Ratio Comparison
TAXX has a 0.35% expense ratio, which is higher than UYLD's 0.29% expense ratio.
Risk-Adjusted Performance
TAXX vs. UYLD — Risk-Adjusted Performance Rank
TAXX
UYLD
TAXX vs. UYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) 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.
Not enough dataDividends
TAXX vs. UYLD - Dividend Comparison
TAXX's dividend yield for the trailing twelve months is around 2.70%, less than UYLD's 5.05% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
TAXX Bondbloxx IR+M Tax-Aware Short Duration ETF | 2.70% | 2.71% | 0.00% | 0.00% |
UYLD Angel Oak Ultrashort Income ETF | 5.05% | 5.52% | 5.92% | 0.75% |
Drawdowns
TAXX vs. UYLD - Drawdown Comparison
The maximum TAXX drawdown since its inception was -0.59%, which is greater than UYLD's maximum drawdown of -0.41%. Use the drawdown chart below to compare losses from any high point for TAXX and UYLD. For additional features, visit the drawdowns tool.
Volatility
TAXX vs. UYLD - Volatility Comparison
Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) has a higher volatility of 0.41% compared to Angel Oak Ultrashort Income ETF (UYLD) at 0.17%. This indicates that TAXX'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.