USTB vs. UYLD
Compare and contrast key facts about VictoryShares USAA Core Short-Term Bond ETF (USTB) and Angel Oak Ultrashort Income ETF (UYLD).
USTB and UYLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USTB is an actively managed fund by Crestview. It was launched on Oct 24, 2017. 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: USTB or UYLD.
Performance
USTB vs. UYLD - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with USTB having a 5.87% return and UYLD slightly higher at 5.92%.
USTB
5.87%
0.17%
3.88%
8.03%
3.14%
N/A
UYLD
5.92%
0.36%
3.27%
7.04%
N/A
N/A
Key characteristics
| USTB | UYLD | |
|---|---|---|
| Sharpe Ratio | 4.07 | 8.27 |
| Sortino Ratio | 6.58 | 16.81 |
| Omega Ratio | 1.94 | 3.71 |
| Calmar Ratio | 11.79 | 51.27 |
| Martin Ratio | 33.77 | 202.55 |
| Ulcer Index | 0.24% | 0.03% |
| Daily Std Dev | 1.97% | 0.85% |
| Max Drawdown | -5.32% | -0.41% |
| Current Drawdown | -0.43% | -0.02% |
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USTB vs. UYLD - Expense Ratio Comparison
USTB has a 0.34% expense ratio, which is higher than UYLD's 0.29% expense ratio.
Correlation
The correlation between USTB and UYLD is 0.32, 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.
Risk-Adjusted Performance
USTB vs. UYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares USAA Core Short-Term Bond ETF (USTB) 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.
Dividends
USTB vs. UYLD - Dividend Comparison
USTB's dividend yield for the trailing twelve months is around 5.02%, less than UYLD's 5.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
USTB VictoryShares USAA Core Short-Term Bond ETF | 5.02% | 4.48% | 2.54% | 1.83% | 2.58% | 2.69% | 2.32% | 0.31% |
UYLD Angel Oak Ultrashort Income ETF | 5.65% | 5.92% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
USTB vs. UYLD - Drawdown Comparison
The maximum USTB drawdown since its inception was -5.32%, which is greater than UYLD's maximum drawdown of -0.41%. Use the drawdown chart below to compare losses from any high point for USTB and UYLD. For additional features, visit the drawdowns tool.
Volatility
USTB vs. UYLD - Volatility Comparison
VictoryShares USAA Core Short-Term Bond ETF (USTB) has a higher volatility of 0.46% compared to Angel Oak Ultrashort Income ETF (UYLD) at 0.20%. This indicates that USTB'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.