Angel Oak High Yield Opportunities ETF
$10.74−0.02 (−0.18%)
- 0.55%
- $116M
- +3.7%
- 6.78%
- 0.1M sh
- $10.74
- low $10.58high $11.27
The ETF.net AOHY Grade
C
Score 50 out of 100
- 56 of 85
Score 50 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D25 out of 100Rank 61 of 85Mission
Whether the fund did what it promised, tested against its stated mandate.A80 out of 100Rank 51 of 74Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B60 out of 100Rank 15 of 85Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C44 out of 100Rank 50 of 85Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C49 out of 100Rank 54 of 85Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C43 out of 100Rank 60 of 85
Our read on AOHY
CAn actively managed junk-bond fund in an aisle stacked with ultra-cheap index trackers. The mandate is income first, capital appreciation second, and the cash goes out monthly.
The fund seeks a high level of current income and, secondarily, capital appreciation.
Why people hold it
- Income is the job, not a byproduct: the fund seeks a high level of current income, with capital appreciation named only as a secondary goal.
- Distributions land monthly rather than quarterly, which lines up with how most people actually pay bills.
- The strategy predates the wrapper: this objective traces to a prospectus filed years before the ETF itself launched in 2024.
- Plain 1940 Act fund structure, and our review turned up no structural quirks to work around.
Worth knowing
- At 0.55% a year it sits above the 0.40% cohort median, and index rivals like SCYB (0.03%) and USHY (0.08%) charge a sliver of that. The premium buys the active call.
- It trades lightly next to the cohort's index heavyweights, so limit orders matter more here than with the big passive names.
- A 2024 launch means a short record, and on our overall read it lands in the lower half of the high yield group.
AOHY Holdings
- Bonds
- 175
- 14%
- Venture Global LNG Inc 9% 03/30/2175
Sectors
- Materials100.0%
AOHY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
AOHY$10,374
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | AOHY |
|---|---|
| Year to date | +1.8% |
| 1 month | −1.0% |
| 3 months | −0.8% |
| 1 year | +3.7% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | AOHY |
|---|---|---|
| 2026 YTD | +1.8% | |
| 2025 | +7.6% | |
| 2024 | +7.5% |
AOHY in the news
AOHY Dividends
- 6.78%
- $0.73
- $0.06 per share
- Monthly
Distribution history
AOHY Risk
- 3.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.47
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −4.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.43
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
AOHY Cost
0.55%
AOHY0.55%
- The middle half of US High Yield funds
- Median 0.43%
60 of the 85 US High Yield funds charge less.
Other funds in US High Yield
- CTHYFT. Rowe Price U.S. High Yield ETFExpense ratio 0.50%1 year return +3.3%
- CHYBLState Street Blackstone High Income ETFExpense ratio 0.70%1 year return +4.7%
- CHYZDWisdomTree Interest Rate Hedged High Yield Bond FundExpense ratio 0.43%1 year return +6.3%
- COBNDState Street Loomis Sayles Opportunistic Bond ETFExpense ratio 0.55%1 year return +1.2%
- CHYGHiShares Interest Rate Hedged High Yield Bond ETFExpense ratio 1.12%1 year return +6.8%