UYLD vs. ICSH
UYLD (Angel Oak Ultrashort Income ETF) and ICSH (iShares Ultra Short Duration Bond Active ETF) are both Ultrashort Bond funds. Both are actively managed. Over the past 3 years, UYLD returned 5.92%/yr vs 5.18%/yr for ICSH. At a 0.34 correlation, their price movements are largely independent. UYLD charges 0.29%/yr vs 0.08%/yr for ICSH.
Performance
UYLD vs. ICSH - Performance Comparison
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Returns By Period
In the year-to-date period, UYLD achieves a 1.95% return, which is significantly higher than ICSH's 1.45% return.
UYLD
- 1D
- 0.03%
- 1M
- 0.67%
- YTD
- 1.95%
- 6M
- 2.40%
- 1Y
- 5.14%
- 3Y*
- 5.92%
- 5Y*
- —
- 10Y*
- —
ICSH
- 1D
- 0.00%
- 1M
- 0.32%
- YTD
- 1.45%
- 6M
- 1.80%
- 1Y
- 4.32%
- 3Y*
- 5.18%
- 5Y*
- 3.67%
- 10Y*
- 2.78%
UYLD vs. ICSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UYLD Angel Oak Ultrashort Income ETF | 1.95% | 5.36% | 6.10% | 6.90% | 1.12% |
ICSH iShares Ultra Short Duration Bond Active ETF | 1.45% | 4.96% | 5.52% | 5.58% | 0.99% |
Correlation
The correlation between UYLD and ICSH is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2022 | 0.34 |
The correlation between UYLD and ICSH shifts across timeframes, from 0.34 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UYLD vs. ICSH — Risk / Return Rank
UYLD
ICSH
UYLD vs. ICSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Angel Oak Ultrashort Income ETF (UYLD) and iShares Ultra Short Duration Bond Active ETF (ICSH). 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.
| UYLD | ICSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.17 | ||
| Sortino ratioReturn per unit of downside risk | -6.46 | ||
| Omega ratioGain probability vs. loss probability | 4.32 | 6.74 | -2.42 |
| Calmar ratioReturn relative to maximum drawdown | 37.76 | 43.88 | -6.11 |
| Martin ratioReturn relative to average drawdown | 225.62 | 295.42 | -69.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UYLD | ICSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 7.96 | 11.13 | -3.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 7.63 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 2.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 5.99 | 1.93 | +4.05 |
Drawdowns
UYLD vs. ICSH - Drawdown Comparison
The maximum UYLD drawdown since its inception was -0.54%, smaller than the maximum ICSH drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for UYLD and ICSH.
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Drawdown Indicators
| UYLD | ICSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.54% | -3.94% | +3.40% |
Max Drawdown (1Y)Largest decline over 1 year | -0.14% | -0.10% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -0.54% | -0.10% | -0.44% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.73% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.94% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -0.08% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 0.01% | +0.01% |
Volatility
UYLD vs. ICSH - Volatility Comparison
Angel Oak Ultrashort Income ETF (UYLD) has a higher volatility of 0.38% compared to iShares Ultra Short Duration Bond Active ETF (ICSH) at 0.15%. This indicates that UYLD's price experiences larger fluctuations and is considered to be riskier than ICSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UYLD | ICSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.38% | 0.15% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 0.50% | 0.30% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.65% | 0.39% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.00% | 0.48% | +0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.00% | 1.06% | -0.06% |
UYLD vs. ICSH - Expense Ratio Comparison
UYLD has a 0.29% expense ratio, which is higher than ICSH's 0.08% expense ratio.
Dividends
UYLD vs. ICSH - Dividend Comparison
UYLD's dividend yield for the trailing twelve months is around 5.03%, more than ICSH's 4.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICSH iShares Ultra Short Duration Bond Active ETF | 4.34% | 4.55% | 5.24% | 4.78% | 1.66% | 0.42% | 1.21% | 2.61% | 2.20% | 1.36% | 0.88% | 0.54% |
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 ICSH have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UYLD has higher volatility (0.38%) compared to ICSH (0.15%). In terms of maximum drawdown, UYLD dropped -0.54% vs ICSH's -3.94%.
On 3-year performance, UYLD leads with 5.92% vs 5.18% for ICSH. On fees, ICSH is cheaper at 0.08% per year. On volatility, ICSH has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, UYLD has performed better with a 5.92% return vs 5.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ICSH is cheaper with a 0.08% expense ratio, compared with 0.29% for UYLD.
UYLD has the higher dividend yield at 5.03%, compared with 4.34% for ICSH.
They also come from different issuers: Angel Oak and iShares. Their fees differ too: 0.29% for UYLD and 0.08% for ICSH.
ICSH currently has the higher Sharpe Ratio (11.13 vs 7.96), 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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