YEAR vs. UYLD

Last updated Jun 25, 2026

YEAR (AB Ultra Short Income ETF) and UYLD (Angel Oak Ultrashort Income ETF) are both Ultrashort Bond funds. Both are actively managed. Over the past 3 years, YEAR returned 4.98%/yr vs 5.87%/yr for UYLD. At a 0.36 correlation, their price movements are largely independent. YEAR charges 0.25%/yr vs 0.29%/yr for UYLD.

Performance

YEAR vs. UYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Ultra Short Income ETF (YEAR) and Angel Oak Ultrashort Income ETF (UYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YEAR achieves a 1.33% return, which is significantly lower than UYLD's 2.14% return.

YEAR

• 1D: 0.06%
• 1M: 0.30%
• YTD: 1.33%
• 6M: 1.41%
• 1Y: 3.61%
• 3Y*: 4.98%
• 5Y*: —
• 10Y*: —

UYLD

• 1D: 0.04%
• 1M: 0.68%
• YTD: 2.14%
• 6M: 2.30%
• 1Y: 4.98%
• 3Y*: 5.87%
• 5Y*: —
• 10Y*: —

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

YEAR vs. UYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
YEAR AB Ultra Short Income ETF	1.33%	4.69%	5.41%	5.85%	1.56%
UYLD Angel Oak Ultrashort Income ETF	2.14%	5.36%	6.10%	6.90%	1.09%

Correlation

The correlation between YEAR and UYLD is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (All Time) Calculated using the full available price history since Oct 25, 2022	0.36

The correlation between YEAR and UYLD shifts across timeframes, from 0.36 (all time) to 0.52 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

YEAR vs. UYLD — Risk / Return Rank

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

YEAR

YEAR Risk / Return Rank: 98
YEAR Sharpe Ratio Rank: 98
YEAR Sortino Ratio Rank: 98
YEAR Omega Ratio Rank: 98
YEAR Calmar Ratio Rank: 98
YEAR Martin Ratio Rank: 98

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.

YEAR vs. UYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Ultra Short Income ETF (YEAR) and Angel Oak Ultrashort Income ETF (UYLD). 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.

	YEAR	UYLD	Difference
Sharpe ratio: Return per unit of total volatility	4.63	7.87	-3.24
Sortino ratio: Return per unit of downside risk	8.31	21.42	-13.12
Omega ratio: Gain probability vs. loss probability	2.08	4.35	-2.26
Calmar ratio: Return relative to maximum drawdown	15.94	36.63	-20.68
Martin ratio: Return relative to average drawdown	68.69	220.20	-151.51

YEAR vs. UYLD - Sharpe Ratio Comparison

The current YEAR Sharpe Ratio is 4.63, which is lower than the UYLD Sharpe Ratio of 7.87. The chart below compares the historical Sharpe Ratios of YEAR and UYLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

YEAR vs. UYLD - Drawdown Comparison

The maximum YEAR drawdown since its inception was -0.64%, which is greater than UYLD's maximum drawdown of -0.54%. Use the drawdown chart below to compare losses from any high point for YEAR and UYLD.

Drawdown Indicators

	YEAR	UYLD	Difference
Max Drawdown Largest peak-to-trough decline	-0.64%	-0.54%	-0.10%
Max Drawdown (1Y) Largest decline over 1 year	-0.23%	-0.14%	-0.09%
Max Drawdown (3Y) Largest decline over 3 years	-0.43%	-0.54%	+0.11%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.06%	-0.03%	-0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.05%	0.02%	+0.03%

Volatility

YEAR vs. UYLD - Volatility Comparison

The current volatility for AB Ultra Short Income ETF (YEAR) is 0.29%, while Angel Oak Ultrashort Income ETF (UYLD) has a volatility of 0.37%. This indicates that YEAR experiences smaller price fluctuations and is considered to be less risky than UYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YEAR	UYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.29%	0.37%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	0.54%	0.50%	+0.04%
Volatility (1Y) Calculated over the trailing 1-year period	0.78%	0.64%	+0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.15%	0.99%	+0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.15%	0.99%	+0.16%

YEAR vs. UYLD - Expense Ratio Comparison

YEAR has a 0.25% expense ratio, which is lower than UYLD's 0.29% expense ratio.

Dividends

YEAR vs. UYLD - Dividend Comparison

YEAR's dividend yield for the trailing twelve months is around 4.14%, less than UYLD's 5.02% yield.

Position	TTM	2025	2024	2023	2022
UYLD Angel Oak Ultrashort Income ETF	5.02%	5.07%	4.97%	5.92%	0.75%
YEAR AB Ultra Short Income ETF	4.14%	4.33%	5.16%	5.00%	1.19%

Frequently Asked Questions

Can I hold both YEAR and UYLD in my portfolio?

YEAR and UYLD have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YEAR or UYLD?

UYLD has higher volatility (0.37%) compared to YEAR (0.29%). In terms of maximum drawdown, YEAR dropped -0.64% vs UYLD's -0.54%.

Which ETF is better, YEAR or UYLD?

On 3-year performance, UYLD leads with 5.87% vs 4.98% for YEAR. On fees, YEAR is cheaper at 0.25% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YEAR or UYLD?

Over the 3-year period, UYLD has performed better with a 5.87% return vs 4.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YEAR or UYLD?

YEAR is cheaper with a 0.25% expense ratio, compared with 0.29% for UYLD.

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

UYLD has the higher dividend yield at 5.02%, compared with 4.14% for YEAR.

What is the main difference between YEAR and UYLD?

They also come from different issuers: AllianceBernstein and Angel Oak. Their fees differ too: 0.25% for YEAR and 0.29% for UYLD.

Which has better risk-adjusted returns?

UYLD currently has the higher Sharpe Ratio (7.87 vs 4.63), 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.