UYLD vs. TRBF

Last updated Jun 5, 2026

UYLD (Angel Oak Ultrashort Income ETF) and TRBF (Angel Oak Total Return ETF) are both exchange-traded funds - UYLD is a Ultrashort Bond fund actively managed by Angel Oak, while TRBF is a Intermediate Core-Plus Bond fund actively managed by Angel Oak. Both are actively managed. A 0.55 correlation means they provide meaningful diversification when combined. UYLD charges 0.29%/yr vs 0.44%/yr for TRBF.

Performance

UYLD vs. TRBF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Angel Oak Ultrashort Income ETF (UYLD) and Angel Oak Total Return ETF (TRBF). 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 TRBF's 0.52% return.

UYLD

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

TRBF

• 1D: 0.13%
• 1M: 0.08%
• YTD: 0.52%
• 6M: 0.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UYLD vs. TRBF - Yearly Performance Comparison

	2026 (YTD)	2025
UYLD Angel Oak Ultrashort Income ETF	1.95%	1.14%
TRBF Angel Oak Total Return ETF	0.52%	0.96%

Correlation

The correlation between UYLD and TRBF is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 8, 2025	0.55

Return for Risk

UYLD vs. TRBF — 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. TRBF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Angel Oak Ultrashort Income ETF (UYLD) and Angel Oak Total Return ETF (TRBF). 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	TRBF	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	TRBF	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	0.61	+5.38

Drawdowns

UYLD vs. TRBF - Drawdown Comparison

The maximum UYLD drawdown since its inception was -0.54%, smaller than the maximum TRBF drawdown of -2.59%. Use the drawdown chart below to compare losses from any high point for UYLD and TRBF.

Drawdown Indicators

	UYLD	TRBF	Difference
Max Drawdown Largest peak-to-trough decline	-0.54%	-2.59%	+2.05%
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%	-1.48%	+1.48%
Average Drawdown Average peak-to-trough decline	-0.03%	-0.80%	+0.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.02%	—	—

Volatility

Volatility by Period

	UYLD	TRBF	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%	3.76%	-3.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.00%	3.76%	-2.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.00%	3.76%	-2.76%

UYLD vs. TRBF - Expense Ratio Comparison

UYLD has a 0.29% expense ratio, which is lower than TRBF's 0.44% expense ratio.

Dividends

UYLD vs. TRBF - Dividend Comparison

UYLD's dividend yield for the trailing twelve months is around 5.03%, more than TRBF's 3.14% yield.

Position	TTM	2025	2024	2023	2022
TRBF Angel Oak Total Return ETF	3.14%	1.16%	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 TRBF in my portfolio?

UYLD and TRBF have a correlation of 0.55, 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 TRBF?

On fees, UYLD is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UYLD or TRBF?

UYLD is cheaper with a 0.29% expense ratio, compared with 0.44% for TRBF.

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

UYLD has the higher dividend yield at 5.03%, compared with 3.14% for TRBF.

What is the main difference between UYLD and TRBF?

UYLD is categorized as Ultrashort Bond, while TRBF is Intermediate Core-Plus Bond. Their fees differ too: 0.29% for UYLD and 0.44% for TRBF.