Angel Oak Income ETF

10-Year Study

CARY.US · · US · ETF

Executive Summary: Angel Oak Income ETF has compounded at -9.8% annually over the last 10 years, with a maximum drawdown of 65.4% and an annualized volatility of 64.6%.

1Y CAGR
+6.2%
3Y CAGR
+7.5%
5Y CAGR
-14.9%
10Y CAGR
-9.8%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
65.4%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-0.35
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-0.24
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
26.5%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2023 · +8.7%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -62.2%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
71%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20260.70.7-1.30.6————————0.7%
20250.61.40.10.20.11.40.21.10.80.40.60.37.5%
20240.60.11.1-1.11.71.41.61.51.3-1.40.60.07.6%
20231.6-0.71.10.6-0.10.60.90.9-0.40.12.11.88.7%
20223.20.7-1.44.32.1-6.2-1.7-16.3-7.313.2-57.30.2-62.2%
2021-3.1-2.27.65.62.5-1.7-2.00.4-6.63.2-4.55.94.2%
20200.1-9.4-2.812.0-1.94.22.0-0.8-2.10.3-0.7-3.9-4.2%
2019———————————8.28.2%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 64.6%. The dominant macroeconomic risk driver is LQD.US, accounting for 36.0% of variance. Idiosyncratic stock-specific factors contribute 15.8%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2019-11-0110000
2019-12-0110822.975280878509
2020-01-0110835.170703341746
2020-02-019811.402894668541
2020-03-019541.363555296568
2020-04-0110691.015088353792
2020-05-0110485.319655174595
2020-06-0110923.70435320028
2020-07-0111144.451224399834
2020-08-0111060.86768679451
2020-09-0110833.905559260245
2020-10-0110865.839117669635
2020-11-0110788.663440423374
2020-12-0110370.767467556372
2021-01-0110053.579795988908
2021-02-019836.69161423793
2021-03-0110587.655649307348
2021-04-0111184.741342708743
2021-05-0111459.06706575983
2021-06-0111266.611270979794
2021-07-0111041.578960238505
2021-08-0111090.871428410925
2021-09-0110353.622876977295
2021-10-0110685.813835559025
2021-11-0110201.45720050617
2021-12-0110805.829746162059
2022-01-0111153.023047620685
2022-02-0111225.891570165599
2022-03-0111067.296318175806
2022-04-0111543.078297595688
2022-05-0111782.561574987309
2022-06-0111053.721511008784
2022-07-0110864.354933717308
2022-08-019089.59287757871
2022-09-018429.012057483993
2022-10-019540.990621033738
2022-11-014076.3488908604572
2022-12-014085.6053889095397
2023-01-014150.722625185299
2023-02-014122.309631173678
2023-03-014168.369371466035
2023-04-014194.530115952343
2023-05-014189.505867011264
2023-06-014216.532861315
2023-07-014252.8906036521685
2023-08-014289.421595952823
2023-09-014271.279849776414
2023-10-014273.631099280859
2023-11-014362.186580616728
2023-12-014440.891564028706
2024-01-014467.398808441986
2024-02-014472.720057320468
2024-03-014522.764546772991
2024-04-014472.522057362199
2024-05-014547.069041650526
2024-06-014611.938777978448
2024-07-014686.560012251127
2024-08-014755.835247650537
2024-09-014819.294234275794
2024-10-014749.424999001575
2024-11-014776.37774332096
2024-12-014777.293493127954
2025-01-014805.0629872752
2025-02-014873.669972815454
2025-03-014880.228721433117
2025-04-014892.0592189396975
2025-05-014894.781718365899
2025-06-014962.794704031344
2025-07-014973.536201767444
2025-08-015027.7139403488345
2025-09-015067.7099319191975
2025-10-015089.885927245341
2025-11-015121.887670500589
2025-12-015137.6039171882
2026-01-015171.511410041788
2026-02-015209.873901956432
2026-03-015141.291666410963
2026-04-015172.748909780969
Annual Return Matrix
YearAnnual Return
2020-0.04178220882764794
20210.041950827647686095
2022-0.6219072958871449
20230.08696047251249439
20240.07575098924371604
20250.07542145454922244
20260.0068407361017439605
Total Factor Risk
0.6458531685677436
VTI.US Exposure
0.033558990988813715
VEA.US Exposure
0.010273798610972995
VWO.US Exposure
-0.0007500650847644483
QQQ.US Exposure
0.06090923362073297
VTV.US Exposure
0.043489876341416774
IJR.US Exposure
-0.00045031278434482425
QUAL.US Exposure
0.027937582329334715
SHV.US Exposure
0.0006039382978627804
TLT.US Exposure
0.005843727920854046
LQD.US Exposure
0.3601751519786433
HYG.US Exposure
0.26471638180260476
GLD.US Exposure
-0.0013506241088031593
USO.US Exposure
-0.0009807960925657959
VNQ.US Exposure
-0.00025781151097931636
BTC-USD.CC Exposure
0.007346353700274956
CPER.US Exposure
0.0021065446215638452
VIX.INDX Exposure
-0.000013234170123902522
UUP.US Exposure
-0.0009270924693006192
TIP.US Exposure
0.03021283907545112
Idiosyncratic Exposure
0.15755551693235625
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
64.6%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$46
Avg Yield on Cost
0.46%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$46.240.46%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-0.1%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+1.5%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
0.8% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.42
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Angel Oak Income ETF a high-risk investment?

Angel Oak Income ETF (CARY.US) has an annualized volatility of 64.6% and experienced a maximum drawdown of 65.4% over the last 10 years. Its primary macro risk driver is LQD.US.

What is the 10-year return of CARY.US?

Over the past 10 years, CARY.US has generated a Compound Annual Growth Rate (CAGR) of -9.8%. It has had a positive return in 71% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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