CARY vs DYLD
Angel Oak Income ETF vs LeaderShares Dynamic Yield ETF
Which is better, CARY or DYLD?
CARY has been ahead.
DYLD has a lower expense ratio. CARY led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CARY | DYLD |
|---|---|---|
| Expense Ratio | 0.79% | 0.75%Best |
| AUM | $1.4B | $35M |
| Dividend Yield | 5.99% | 4.24% |
| Holdings | 818 | 65 |
| YTD Return | +0.90%Best | +0.50% |
| 1Y Return | +2.06%Best | +0.96% |
| 3Y Return (annualized) | +6.62%Best | +4.67% |
| 5Y Return (annualized) | - | +0.75% |
| Volatility (annualized) | 2.9%Best | 3.6% |
| Max Drawdown | -2.3%Best | -3.6% |
| $10,000 over 3.9 years | $12,751Best | $11,842 |
| Fund Family | Angel Oak Capital Advisors | LeaderShares |
| Category | Fixed Income | Fixed Income |
| Style | Diversified Sectoral Bond | Diversified Sectoral Bond |
| Inception | Nov 7, 2022 | Jun 28, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Nov 8, 2022 to Oct 14, 2026 (3.9 years).
CARY vs DYLD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.9 years both funds cover.
CARY vs DYLD Performance
Angel Oak Income ETF (CARY) is an ETF from Angel Oak Capital Advisors and LeaderShares Dynamic Yield ETF (DYLD) is an ETF from LeaderShares. Over the past year CARY returned +2.06% while DYLD returned +0.96%. Year to date, CARY is up 0.90% versus a gain of 0.50% for DYLD.
Over three years, CARY compounded at +6.62% per year against +4.67% for DYLD. Across the full 4-year window we track, CARY has the edge at +6.43% annualized vs +4.43%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DYLD has been the more volatile fund, with annualized monthly volatility of 3.6% compared with 2.9% for CARY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -2.3% for CARY and -3.6% for DYLD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CARY charges 0.79% per year while DYLD charges 0.75%. On a $10,000 position that is $79 vs $75 annually, a gap of $4 per year that compounds over a long holding period. On income, CARY currently yields 5.99% against 4.24% for DYLD.
Holdings Overlap
We hold position weights for 241 holdings in CARY and 31 in DYLD, totalling 20.8% and 99.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 241 positions we hold weights for in CARY and 31 in DYLD, against full books of 818 and 65.
You are not choosing between two funds in isolation.
Whichever of CARY and DYLD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CARY or DYLD?
CARY has an expense ratio of 0.79% while DYLD charges 0.75%. DYLD is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, CARY or DYLD?
Over the past year CARY returned +2.06% vs +0.96% for DYLD, so CARY leads on 1-year performance. Over the longest common window we track (4 years), CARY annualized +6.43% vs +4.43% for DYLD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CARY or DYLD?
DYLD has been the more volatile fund at 3.6% annualized versus 2.9% for CARY. Worst drawdown: CARY -2.3% vs DYLD -3.6%.
Should I hold both CARY and DYLD?
CARY and DYLD have a monthly-return correlation of 0.81, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CARY or DYLD?
CARY yields 5.99% while DYLD yields 4.24%, so CARY currently pays the higher dividend yield.
Is DYLD better than CARY?
DYLD has a lower expense ratio. CARY led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.