UYLD vs. DFJ
UYLD (Angel Oak Ultrashort Income ETF) and DFJ (WisdomTree Japan SmallCap Dividend Fund) are both exchange-traded funds - UYLD is a Ultrashort Bond fund actively managed by Angel Oak, while DFJ is a Japan Equities fund tracking the WisdomTree Japan SmallCap Dividend Index. UYLD is actively managed, while DFJ is passively managed. Over the past 3 years, UYLD returned 5.92%/yr vs 18.53%/yr for DFJ. At a 0.14 correlation, their price movements are largely independent. UYLD charges 0.29%/yr vs 0.58%/yr for DFJ.
Performance
UYLD vs. DFJ - Performance Comparison
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Returns By Period
In the year-to-date period, UYLD achieves a 2.03% return, which is significantly lower than DFJ's 10.31% return.
UYLD
- 1D
- 0.05%
- 1M
- 0.65%
- YTD
- 2.03%
- 6M
- 2.39%
- 1Y
- 5.12%
- 3Y*
- 5.92%
- 5Y*
- —
- 10Y*
- —
DFJ
- 1D
- 0.31%
- 1M
- -1.56%
- YTD
- 10.31%
- 6M
- 11.99%
- 1Y
- 28.50%
- 3Y*
- 18.53%
- 5Y*
- 9.75%
- 10Y*
- 9.18%
UYLD vs. DFJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UYLD Angel Oak Ultrashort Income ETF | 2.03% | 5.36% | 6.10% | 6.90% | 1.09% |
DFJ WisdomTree Japan SmallCap Dividend Fund | 10.31% | 31.90% | 2.80% | 21.81% | 14.03% |
Correlation
The correlation between UYLD and DFJ is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2022 | 0.14 |
The correlation between UYLD and DFJ shifts across timeframes, from 0.14 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UYLD vs. DFJ — Risk / Return Rank
UYLD
DFJ
UYLD vs. DFJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Angel Oak Ultrashort Income ETF (UYLD) and WisdomTree Japan SmallCap Dividend Fund (DFJ). 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 | DFJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.38 | ||
| Sortino ratioReturn per unit of downside risk | +19.72 | ||
| Omega ratioGain probability vs. loss probability | 4.49 | 1.29 | +3.20 |
| Calmar ratioReturn relative to maximum drawdown | 37.30 | 2.11 | +35.19 |
| Martin ratioReturn relative to average drawdown | 226.63 | 5.97 | +220.67 |
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Drawdowns
UYLD vs. DFJ - Drawdown Comparison
The maximum UYLD drawdown since its inception was -0.54%, smaller than the maximum DFJ drawdown of -46.00%. Use the drawdown chart below to compare losses from any high point for UYLD and DFJ.
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Drawdown Indicators
| UYLD | DFJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.54% | -46.00% | +45.46% |
Max Drawdown (1Y)Largest decline over 1 year | -0.14% | -13.03% | +12.89% |
Max Drawdown (3Y)Largest decline over 3 years | -0.54% | -13.03% | +12.49% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.71% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.02% | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.85% | +5.85% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -11.15% | +11.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 4.61% | -4.59% |
Volatility
UYLD vs. DFJ - Volatility Comparison
The current volatility for Angel Oak Ultrashort Income ETF (UYLD) is 0.36%, while WisdomTree Japan SmallCap Dividend Fund (DFJ) has a volatility of 4.87%. This indicates that UYLD experiences smaller price fluctuations and is considered to be less risky than DFJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UYLD | DFJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 4.87% | -4.51% |
Volatility (6M)Calculated over the trailing 6-month period | 0.50% | 13.79% | -13.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.64% | 16.68% | -16.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.00% | 15.94% | -14.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.00% | 16.97% | -15.97% |
UYLD vs. DFJ - Expense Ratio Comparison
UYLD has a 0.29% expense ratio, which is lower than DFJ's 0.58% expense ratio.
Dividends
UYLD vs. DFJ - Dividend Comparison
UYLD's dividend yield for the trailing twelve months is around 5.03%, more than DFJ's 2.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFJ WisdomTree Japan SmallCap Dividend Fund | 2.41% | 2.68% | 2.46% | 2.43% | 2.62% | 2.07% | 2.59% | 2.24% | 1.89% | 1.60% | 1.76% | 1.23% |
UYLD Angel Oak Ultrashort Income ETF | 5.03% | 5.07% | 4.97% | 5.92% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UYLD and DFJ have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFJ has higher volatility (4.87%) compared to UYLD (0.36%). In terms of maximum drawdown, UYLD dropped -0.54% vs DFJ's -46.00%.
On 3-year performance, DFJ leads with 18.53% vs 5.92% for UYLD. On fees, UYLD is cheaper at 0.29% per year. On volatility, UYLD has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DFJ has performed better with a 18.53% return vs 5.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UYLD is cheaper with a 0.29% expense ratio, compared with 0.58% for DFJ.
UYLD has the higher dividend yield at 5.03%, compared with 2.41% for DFJ.
UYLD is categorized as Ultrashort Bond, while DFJ is Japan Equities. They also come from different issuers: Angel Oak and WisdomTree. Their fees differ too: 0.29% for UYLD and 0.58% for DFJ.
UYLD currently has the higher Sharpe Ratio (8.03 vs 1.65), 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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