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ETFs

Angel Oak UltraShort Income ETF

UYLD
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Oct 24, 2022
Expense Ratio
0.29%
Type
US Bonds
Fund Owner
Angel Oak
Volume (1m avg. daily)
$170,581
AUM
$93,066,280
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No

Top 10 Holdings

—
UNITED STATES TREAS NTS 2.5% 01/31/2025
2.07%
—
Cash & Other
1.98%
—
FHLMC REMIC SERIES K-F75 5.6589% 12/25/2029
1.9%
—
MADISON PARK FDG XXX 2018-30 A 6.3196% 04/15/2029
1.6%
—
FHLMC REMIC SERIES K-F141 5.6715% 07/25/2032
1.41%
—
UPSTART SEC TR 2020-2 2.309% 11/20/2030
1.39%
—
EXETER AUTO REC TR 2023-3 6.11% 09/15/2025
1.34%
—
FHLMC REMIC SERIES K-F136 5.5115% 04/25/2032
1.25%
—
U.S. AUTO FUNDING TRUST 2020-1 D 9.35% 03/15/2027
1.25%
—
APIDOS CLO XX 2015-20R2 6.6696% 07/16/2031
1.18%
Invest with UYLD
Trade UYLD Options

What is UYLD?

The Angel Oak UltraShort Income ETF (Fund) will invest across a diversified basket of U.S. fixed income. The primary focus of Fund assets will be within the best relative value opportunities of structured credit, including RMBS, CMBS, ABS, and CLOs. The Fund may also include allocations to government bonds and agency-backed securities, which include U.S. Treasury securities, agency RMBS, and agency CMBS. This combination of structured credit, U.S. Treasuries, corporates, and agency-backed bonds should provide balance to the Fund and enhance price stability. The Fund's average rate duration will be maintained below 1.0.

1M
3M
6M
YTD
1Y
3Y
Max
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UYLD
Performance Measures**

for the time period Oct 25, 2022 to Dec 4, 2025

Returns

1M Trailing Return: 0.4%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 1.2%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -0.4%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 1.0%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 6.18

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 15.56

The annualized return divided by the max drawdown for the selected time period.

ETFs related toUYLD

ETFs correlated to UYLD include GAUG, CARY, AMZY

UYLD
Angel Oak Funds Trust - Angel Oak UltraShort Income ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
CARY
Angel Oak Funds Trust - Angel Oak Income ETF
AMZY
Tidal Trust II - YieldMax AMZN Option Income Strategy ETF
UTWO
Rbb Fund Inc - US Treasury 2 Year Note ETF
SPTS
SSgA Active Trust - SPDR Portfolio Short Term Treasury ETF
SCHO
Schwab Strategic Trust - Schwab Short-Term U.S. Treasury ETF
IBTF
iShares Trust - iShares iBonds Dec 2025 Term Treasury ETF
VGSH
Vanguard Group, Inc. - Vanguard Short-Term Treasury ETF
IBTH
iShares Trust - iShares iBonds Dec 2027 Term Treasury ETF
AGZ
BlackRock Institutional Trust Company N.A. - iShares Agency Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

UYLD is a US Bonds ETF. The Angel Oak UltraShort Income ETF (Fund) will invest across a diversified basket of U.S. fixed income. The primary focus of Fund assets will be within the best relative value opportunities of structured credit, including RMBS, CMBS, ABS, and CLOs. The Fund may also include allocations to government bonds and agency-backed securities, which include U.S. Treasury securities, agency RMBS, and agency CMBS. This combination of structured credit, U.S. Treasuries, corporates, and agency-backed bonds should provide balance to the Fund and enhance price stability. The Fund's average rate duration will be maintained below 1.0.

Yes, UYLD is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, UYLD is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on UYLD is 0.0053%. This is the percent change in the value of UYLD over the most recent 1-month period. The 3-month return on UYLD is 0.0177%. This is the percent change in the value of UYLD over the most recent 3-month period.

ETFs similar to UYLD include CMBS, PAAA, and JBBB.

ETFs correlated to UYLD include GAUG, CARY, and AMZY.

ETFs that are inversely correlated to UYLD include DBMF, TBX, and PST.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.