UYLD vs. CLOI
Compare and contrast key facts about Angel Oak Ultrashort Income ETF (UYLD) and VanEck CLO ETF (CLOI).
UYLD and CLOI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UYLD is an actively managed fund by Angel Oak. It was launched on Oct 24, 2022. CLOI is an actively managed fund by VanEck. It was launched on Jun 21, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UYLD or CLOI.
Performance
UYLD vs. CLOI - Performance Comparison
Returns By Period
In the year-to-date period, UYLD achieves a 5.92% return, which is significantly lower than CLOI's 7.60% return.
UYLD
5.92%
0.36%
3.27%
7.04%
N/A
N/A
CLOI
7.60%
0.71%
3.64%
8.31%
N/A
N/A
Key characteristics
| UYLD | CLOI | |
|---|---|---|
| Sharpe Ratio | 8.27 | 5.71 |
| Sortino Ratio | 16.81 | 9.62 |
| Omega Ratio | 3.71 | 2.70 |
| Calmar Ratio | 51.27 | 19.14 |
| Martin Ratio | 202.55 | 101.73 |
| Ulcer Index | 0.03% | 0.08% |
| Daily Std Dev | 0.85% | 1.45% |
| Max Drawdown | -0.41% | -2.70% |
| Current Drawdown | -0.02% | 0.00% |
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UYLD vs. CLOI - Expense Ratio Comparison
UYLD has a 0.29% expense ratio, which is lower than CLOI's 0.40% expense ratio.
Correlation
The correlation between UYLD and CLOI is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
UYLD vs. CLOI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Angel Oak Ultrashort Income ETF (UYLD) and VanEck CLO ETF (CLOI). 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
UYLD vs. CLOI - Dividend Comparison
UYLD's dividend yield for the trailing twelve months is around 5.65%, less than CLOI's 6.37% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
UYLD Angel Oak Ultrashort Income ETF | 5.65% | 5.92% | 0.75% |
CLOI VanEck CLO ETF | 6.37% | 5.62% | 2.23% |
Drawdowns
UYLD vs. CLOI - Drawdown Comparison
The maximum UYLD drawdown since its inception was -0.41%, smaller than the maximum CLOI drawdown of -2.70%. Use the drawdown chart below to compare losses from any high point for UYLD and CLOI. For additional features, visit the drawdowns tool.
Volatility
UYLD vs. CLOI - Volatility Comparison
The current volatility for Angel Oak Ultrashort Income ETF (UYLD) is 0.20%, while VanEck CLO ETF (CLOI) has a volatility of 0.27%. This indicates that UYLD experiences smaller price fluctuations and is considered to be less risky than CLOI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.