UYLD vs. TAXX
Compare and contrast key facts about Angel Oak Ultrashort Income ETF (UYLD) and Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX).
UYLD and TAXX 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. TAXX is an actively managed fund by BondBloxx. It was launched on Mar 14, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UYLD or TAXX.
Key characteristics
| UYLD | TAXX | |
|---|---|---|
| Daily Std Dev | 0.86% | 1.34% |
| Max Drawdown | -0.41% | -0.59% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between UYLD and TAXX is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
UYLD vs. TAXX - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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UYLD vs. TAXX - Expense Ratio Comparison
UYLD has a 0.29% expense ratio, which is lower than TAXX's 0.35% expense ratio.
Risk-Adjusted Performance
UYLD vs. TAXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Angel Oak Ultrashort Income ETF (UYLD) and Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX). 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.
Not enough dataDividends
UYLD vs. TAXX - Dividend Comparison
UYLD's dividend yield for the trailing twelve months is around 5.66%, more than TAXX's 1.52% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
UYLD Angel Oak Ultrashort Income ETF | 5.66% | 5.92% | 0.75% |
TAXX Bondbloxx IR+M Tax-Aware Short Duration ETF | 1.52% | 0.00% | 0.00% |
Drawdowns
UYLD vs. TAXX - Drawdown Comparison
The maximum UYLD drawdown since its inception was -0.41%, smaller than the maximum TAXX drawdown of -0.59%. Use the drawdown chart below to compare losses from any high point for UYLD and TAXX. For additional features, visit the drawdowns tool.
Volatility
UYLD vs. TAXX - Volatility Comparison
The current volatility for Angel Oak Ultrashort Income ETF (UYLD) is 0.14%, while Bondbloxx IR+M Tax-Aware Short Duration ETF (TAXX) has a volatility of 0.28%. This indicates that UYLD experiences smaller price fluctuations and is considered to be less risky than TAXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.