UYLD vs. APFPX
UYLD (Angel Oak Ultrashort Income ETF) and APFPX (Artisan Global Unconstrained Fund) are both funds - UYLD is a Ultrashort Bond fund actively managed by Angel Oak, while APFPX is a Nontraditional Bonds fund managed by Artisan. Over the past 3 years, UYLD returned 5.79%/yr vs 9.28%/yr for APFPX. Their -0.13 correlation means they have often moved in opposite directions in the past. UYLD charges 0.34%/yr vs 1.54%/yr for APFPX.
Performance
UYLD vs. APFPX - Performance Comparison
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Returns By Period
In the year-to-date period, UYLD achieves a 2.61% return, which is significantly lower than APFPX's 5.21% return.
UYLD
- 1D
- 0.04%
- 1M
- 0.36%
- 6M
- 2.22%
- YTD
- 2.61%
- 1Y
- 4.96%
- 3Y*
- 5.79%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.87%
APFPX
- 1D
- -0.02%
- 1M
- 1.06%
- 6M
- 3.18%
- YTD
- 5.21%
- 1Y
- 11.35%
- 3Y*
- 9.28%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $6.00M | $7.92M | $9.46M |
UYLD vs. APFPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UYLD Angel Oak Ultrashort Income ETF | 2.61% | 5.36% | 6.10% | 6.90% | 1.09% |
APFPX Artisan Global Unconstrained Fund | 5.21% | 10.21% | 11.33% | 6.67% | 3.51% |
Correlation
The correlation between UYLD and APFPX is -0.11, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.11 |
Correlation (3Y) Balances recent behavior with more history. | -0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2022 | -0.13 |
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Return for Risk
UYLD vs. APFPX — Risk / Return Rank
UYLD
APFPX
UYLD vs. APFPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Angel Oak Ultrashort Income ETF (UYLD) and Artisan Global Unconstrained Fund (APFPX). 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.
| UYLD | APFPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.13 | ||
| Sortino ratioReturn per unit of downside risk | +14.19 | ||
| Omega ratioGain probability vs. loss probability | 4.26 | 2.18 | +2.09 |
| Calmar ratioReturn relative to maximum drawdown | 36.45 | 13.11 | +23.34 |
| Martin ratioReturn relative to average drawdown | 213.98 | 53.64 | +160.35 |
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Drawdowns
UYLD vs. APFPX - Drawdown Comparison
The maximum UYLD drawdown since its inception was -0.54%, smaller than the maximum APFPX drawdown of -2.10%. Use the drawdown chart below to compare losses from any high point for UYLD and APFPX.
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Drawdown Indicators
| UYLD | APFPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.54% | -2.10% | +1.56% |
Max Drawdown (1Y)Largest decline over 1 year | -0.14% | -0.90% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -0.54% | -2.02% | +1.48% |
Current DrawdownCurrent decline from peak | 0.00% | -0.29% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -0.24% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 0.22% | -0.20% |
Volatility
UYLD vs. APFPX - Volatility Comparison
The current volatility for Angel Oak Ultrashort Income ETF (UYLD) is 0.13%, while Artisan Global Unconstrained Fund (APFPX) has a volatility of 0.51%. This indicates that UYLD experiences smaller price fluctuations and is considered to be less risky than APFPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UYLD | APFPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.13% | 0.51% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 0.51% | 2.10% | -1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.64% | 2.51% | -1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.98% | 2.73% | -1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.98% | 2.73% | -1.75% |
UYLD vs. APFPX - Expense Ratio Comparison
UYLD has a 0.34% expense ratio, which is lower than APFPX's 1.54% expense ratio.
Dividends
UYLD vs. APFPX - Dividend Comparison
UYLD's dividend yield for the trailing twelve months is around 4.94%, more than APFPX's 4.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
APFPX Artisan Global Unconstrained Fund | 4.63% | 4.01% | 6.18% | 6.89% | 8.60% |
UYLD Angel Oak Ultrashort Income ETF | 4.94% | 5.07% | 4.97% | 5.92% | 0.75% |
Frequently Asked Questions
UYLD and APFPX have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APFPX has higher volatility (0.51%) compared to UYLD (0.13%). In terms of maximum drawdown, UYLD dropped -0.54% vs APFPX's -2.10%.
UYLD currently has the higher Sharpe Ratio (7.83 vs 4.69), 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.
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