UYLD vs. KWT
UYLD (Angel Oak Ultrashort Income ETF) and KWT (iShares MSCI Kuwait ETF) are both exchange-traded funds - UYLD is a Ultrashort Bond fund actively managed by Angel Oak, while KWT is a Financials Equities fund tracking the MSCI All Kuwait Select Size Liquidity Capped Index. UYLD is actively managed, while KWT is passively managed. Over the past 3 years, UYLD returned 5.92%/yr vs 10.80%/yr for KWT. At a 0.02 correlation, their price movements are largely independent. UYLD charges 0.29%/yr vs 0.74%/yr for KWT.
Performance
UYLD vs. KWT - Performance Comparison
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Returns By Period
In the year-to-date period, UYLD achieves a 2.03% return, which is significantly higher than KWT's -0.12% return.
UYLD
- 1D
- 0.05%
- 1M
- 0.65%
- YTD
- 2.03%
- 6M
- 2.39%
- 1Y
- 5.12%
- 3Y*
- 5.92%
- 5Y*
- —
- 10Y*
- —
KWT
- 1D
- 0.30%
- 1M
- 0.39%
- YTD
- -0.12%
- 6M
- -2.87%
- 1Y
- 9.71%
- 3Y*
- 10.80%
- 5Y*
- 9.21%
- 10Y*
- —
UYLD vs. KWT - 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% |
KWT iShares MSCI Kuwait ETF | -0.12% | 25.38% | 11.29% | -4.71% | 1.64% |
Correlation
The correlation between UYLD and KWT is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2022 | 0.02 |
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Return for Risk
UYLD vs. KWT — Risk / Return Rank
UYLD
KWT
UYLD vs. KWT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Angel Oak Ultrashort Income ETF (UYLD) and iShares MSCI Kuwait ETF (KWT). 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 | KWT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.48 | ||
| Sortino ratioReturn per unit of downside risk | +21.20 | ||
| Omega ratioGain probability vs. loss probability | 4.49 | 1.12 | +3.37 |
| Calmar ratioReturn relative to maximum drawdown | 37.30 | 0.65 | +36.65 |
| Martin ratioReturn relative to average drawdown | 226.63 | 1.53 | +225.11 |
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Drawdowns
UYLD vs. KWT - Drawdown Comparison
The maximum UYLD drawdown since its inception was -0.54%, smaller than the maximum KWT drawdown of -24.37%. Use the drawdown chart below to compare losses from any high point for UYLD and KWT.
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Drawdown Indicators
| UYLD | KWT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.54% | -24.37% | +23.83% |
Max Drawdown (1Y)Largest decline over 1 year | -0.14% | -11.54% | +11.40% |
Max Drawdown (3Y)Largest decline over 3 years | -0.54% | -15.72% | +15.18% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.37% | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.95% | +4.95% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -7.30% | +7.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 4.93% | -4.91% |
Volatility
UYLD vs. KWT - Volatility Comparison
The current volatility for Angel Oak Ultrashort Income ETF (UYLD) is 0.36%, while iShares MSCI Kuwait ETF (KWT) has a volatility of 3.76%. This indicates that UYLD experiences smaller price fluctuations and is considered to be less risky than KWT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UYLD | KWT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 3.76% | -3.40% |
Volatility (6M)Calculated over the trailing 6-month period | 0.50% | 11.79% | -11.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.64% | 13.85% | -13.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.00% | 13.64% | -12.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.00% | 13.94% | -12.94% |
UYLD vs. KWT - Expense Ratio Comparison
UYLD has a 0.29% expense ratio, which is lower than KWT's 0.74% expense ratio.
Dividends
UYLD vs. KWT - Dividend Comparison
UYLD's dividend yield for the trailing twelve months is around 5.03%, less than KWT's 5.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
KWT iShares MSCI Kuwait ETF | 5.41% | 5.40% | 6.09% | 2.25% | 5.87% | 7.65% | 0.27% |
UYLD Angel Oak Ultrashort Income ETF | 5.03% | 5.07% | 4.97% | 5.92% | 0.75% | 0.00% | 0.00% |
Frequently Asked Questions
UYLD and KWT have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KWT has higher volatility (3.76%) compared to UYLD (0.36%). In terms of maximum drawdown, UYLD dropped -0.54% vs KWT's -24.37%.
On 3-year performance, KWT leads with 10.80% 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, KWT has performed better with a 10.80% 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 0.74% for KWT.
KWT has the higher dividend yield at 5.41%, compared with 5.03% for UYLD.
UYLD is categorized as Ultrashort Bond, while KWT is Financials Equities. They also come from different issuers: Angel Oak and iShares. Their fees differ too: 0.29% for UYLD and 0.74% for KWT.
UYLD currently has the higher Sharpe Ratio (8.03 vs 0.54), 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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