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Angel Oak High Yield Opportunities ETF

AOHYNasdaqAngel OakC

$10.720.00 (0.00%)

At close: Nov 2, 2026, 4:00 PM ET

Intraday session: flat, 79 prints from 10.72 to 10.72. Range 10.70 to 10.75. Use the arrow keys to read each point.10.7010.7110.7410.7510 AM12 PM2 PM4 PM
Expense ratio
0.55%
Fund size
$116M
1Y total return
+3.0%
Yield · Last 12 months
7.40%
Holdings
177
Avg volume · 30D
61K sh
52W range
low $10.58high $11.29
Launched

The ETF.net AOHY Grade

C

Score 50 out of 100

Rank
57 of 85
Six-pillar profile for AOHY. Scores out of 100: Cost 21, Risk 62, Mission 80, Tradability 50, Holdings 50, Durability 43. Strongest: Mission (80). Weakest: Cost (21). Leans toward Mission.

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.
    F21 out of 100
    Rank 64 of 85
  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A80 out of 100
    Rank 50 of 77
  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B62 out of 100
    Rank 15 of 85
  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C50 out of 100
    Rank 40 of 85
  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C50 out of 100
    Rank 53 of 85
  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C43 out of 100
    Rank 61 of 85

Our read on AOHY

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Feb 16, 2024

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$10,296
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. AOHY $10,296. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for AOHY. Periods over one year show the average yearly return.
PeriodAOHY
Year to date+2.1%
1 month+1.1%
3 months−0.5%
1 year+3.0%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for AOHY
YearReturn barAOHY
2026 YTD+2.1%
2025+7.6%
2024+7.5%

History from Feb 20, 2024

AOHY in the news

AOHY Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
7.40%Last 12 months
Payout per share
$0.79Last 12 months
Upcoming payment
$0.06 per share
Pays on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2024–2026

One bar per payment. 33 payments from 2024 to 2026 YTD. Feb 29, 2024 $0.06; Mar 28, 2024 $0.07; Apr 30, 2024 $0.06; May 31, 2024 $0.06; Jun 28, 2024 $0.05; Jul 31, 2024 $0.06; Aug 30, 2024 $0.05; Sep 30, 2024 $0.05; Oct 31, 2024 $0.07; Nov 29, 2024 $0.05; Dec 31, 2024 $0.07; Jan 31, 2025 $0.05; Feb 28, 2025 $0.06; Mar 31, 2025 $0.07; Apr 30, 2025 $0.06; May 30, 2025 $0.06; Jun 30, 2025 $0.06; Jul 31, 2025 $0.07; Aug 29, 2025 $0.06; Sep 30, 2025 $0.06; Oct 31, 2025 $0.06; Nov 28, 2025 $0.05; Dec 31, 2025 $0.08; Jan 30, 2026 $0.05; Feb 27, 2026 $0.05; Mar 31, 2026 $0.07; Apr 30, 2026 $0.06; May 29, 2026 $0.06; Jun 30, 2026 $0.06; Jul 31, 2026 $0.06; Aug 31, 2026 $0.06; Sep 30, 2026 $0.06; Oct 30, 2026 $0.06. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Oct 30, 2026Pays Nov 2, 2026$0.06
Sep 30, 2026Oct 1, 2026$0.06
Aug 31, 2026Sep 1, 2026$0.06
Jul 31, 2026Aug 3, 2026$0.06
Jun 30, 2026Jul 1, 2026$0.06
May 29, 2026Jun 1, 2026$0.06
Apr 30, 2026May 1, 2026$0.06
Mar 31, 2026Apr 1, 2026$0.07
Feb 27, 2026Mar 2, 2026$0.05
Jan 30, 2026Feb 2, 2026$0.05
Dec 31, 2025Jan 2, 2026$0.08
Nov 28, 2025Dec 1, 2025$0.05

See all 33 payments⁠

$10,000 in AOHY 1 year ago paid $713 in dividends.⁠

AOHY Risk

How much the fund’s monthly returns vary, scaled to a year.
3.5%
Annualised · 32 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.54
vs 3-month T-bills · 32 months to Oct 2026
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.

The largest fall from a peak to the low that followed.
−4.2%
32 months · trough Apr 2025
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.

How strongly the fund’s returns move with its asset-class index.
0.43
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

AOHY Cost

Overpaying vs SCYB, cheapest in US High Yield

$10,266

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • AOHY 0.55%

    $10,904

  • SCYB 0.03% Cheapest

    $638

$10,000
30 years

Cost over time

  • AOHY 0.55%
  • SCYB 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530AOHY $10,904SCYB $638

Year by year

YearAOHYSCYBOverpaying
10$988$55$933
20$3,790$216$3,574
30$10,904$638$10,266

Other funds in US High Yield