CARY: High Yield And Quite Low Risk, But CLO ETFs Look Better
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The Angel Oak Income ETF (CARY) is an actively managed high-yield fund focusing on mortgage-backed securities, collateralized obligations, and asset-backed securities. It has a low-risk profile for a high-yield fund and outperforms the US bond market in risk-adjusted performance but lags behind three CLO ETFs.
March 10, 2025 | 12:00 pm
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NEUTRAL IMPACT
The Angel Oak Income ETF (CARY) is noted for its low-risk profile and strong risk-adjusted performance compared to the US bond market, though it underperforms compared to three CLO ETFs.
CARY is highlighted for its low-risk profile and strong performance relative to the US bond market, which is positive. However, its underperformance compared to CLO ETFs suggests a neutral short-term impact as investors may weigh these factors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100