UYLD vs. SPTU

Last updated Jun 5, 2026

UYLD (Angel Oak Ultrashort Income ETF) and SPTU (State Street SPDR Portfolio Ultra Short T-Bill ETF) are both Ultrashort Bond funds. UYLD is actively managed, while SPTU is passively managed. At a 0.25 correlation, their price movements are largely independent. UYLD charges 0.29%/yr vs 0.05%/yr for SPTU.

Performance

UYLD vs. SPTU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Angel Oak Ultrashort Income ETF (UYLD) and State Street SPDR Portfolio Ultra Short T-Bill ETF (SPTU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UYLD achieves a 1.95% return, which is significantly higher than SPTU's 1.48% return.

UYLD

• 1D: 0.03%
• 1M: 0.67%
• YTD: 1.95%
• 6M: 2.40%
• 1Y: 5.14%
• 3Y*: 5.92%
• 5Y*: —
• 10Y*: —

SPTU

• 1D: 0.00%
• 1M: 0.27%
• YTD: 1.48%
• 6M: 1.77%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UYLD vs. SPTU - Yearly Performance Comparison

	2026 (YTD)	2025
UYLD Angel Oak Ultrashort Income ETF	1.95%	1.15%
SPTU State Street SPDR Portfolio Ultra Short T-Bill ETF	1.48%	0.92%

Correlation

The correlation between UYLD and SPTU is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 9, 2025	0.25

Return for Risk

UYLD vs. SPTU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UYLD

UYLD Risk / Return Rank: 99
UYLD Sharpe Ratio Rank: 99
UYLD Sortino Ratio Rank: 99
UYLD Omega Ratio Rank: 99
UYLD Calmar Ratio Rank: 99
UYLD Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UYLD vs. SPTU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Angel Oak Ultrashort Income ETF (UYLD) and State Street SPDR Portfolio Ultra Short T-Bill ETF (SPTU). 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	SPTU	Difference
Sharpe ratio: Return per unit of total volatility	7.96	—	—
Sortino ratio: Return per unit of downside risk	21.74	—	—
Omega ratio: Gain probability vs. loss probability	4.32	—	—
Calmar ratio: Return relative to maximum drawdown	37.76	—	—
Martin ratio: Return relative to average drawdown	225.62	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	UYLD	SPTU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	7.96	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.99	11.77	-5.78

Drawdowns

UYLD vs. SPTU - Drawdown Comparison

The maximum UYLD drawdown since its inception was -0.54%, which is greater than SPTU's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for UYLD and SPTU.

Drawdown Indicators

	UYLD	SPTU	Difference
Max Drawdown Largest peak-to-trough decline	-0.54%	-0.04%	-0.50%
Max Drawdown (1Y) Largest decline over 1 year	-0.14%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-0.54%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.03%	-0.00%	-0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.02%	—	—

Volatility

Volatility by Period

	UYLD	SPTU	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.50%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.65%	0.32%	+0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.00%	0.32%	+0.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.00%	0.32%	+0.68%

UYLD vs. SPTU - Expense Ratio Comparison

UYLD has a 0.29% expense ratio, which is higher than SPTU's 0.05% expense ratio.

Dividends

UYLD vs. SPTU - Dividend Comparison

UYLD's dividend yield for the trailing twelve months is around 5.03%, more than SPTU's 2.36% yield.

Position	TTM	2025	2024	2023	2022
SPTU State Street SPDR Portfolio Ultra Short T-Bill ETF	2.36%	0.89%	0.00%	0.00%	0.00%
UYLD Angel Oak Ultrashort Income ETF	5.03%	5.07%	4.97%	5.92%	0.75%

Frequently Asked Questions

Can I hold both UYLD and SPTU in my portfolio?

UYLD and SPTU have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UYLD or SPTU?

On fees, SPTU is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UYLD or SPTU?

SPTU is cheaper with a 0.05% expense ratio, compared with 0.29% for UYLD.

Which ETF pays a higher dividend yield, UYLD or SPTU?

UYLD has the higher dividend yield at 5.03%, compared with 2.36% for SPTU.

What is the main difference between UYLD and SPTU?

They also come from different issuers: Angel Oak and State Street. Their fees differ too: 0.29% for UYLD and 0.05% for SPTU.