CARY vs NFLT
Angel Oak Income ETF vs Virtus Newfleet Multi-Sector Bond ETF
Which is better, CARY or NFLT?
Each has led over a different period.
NFLT has a lower expense ratio. CARY led over 1Y, NFLT over 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 | NFLT |
|---|---|---|
| Expense Ratio | 0.79% | 0.50%Best |
| AUM | $1.4B | $514M |
| Dividend Yield | 5.99% | 5.54% |
| Holdings | 818 | 1,105 |
| YTD Return | +0.90%Best | -0.07% |
| 1Y Return | +2.06%Best | +1.29% |
| 3Y Return (annualized) | +6.62% | +7.24%Best |
| 5Y Return (annualized) | - | +2.69% |
| Volatility (annualized) | 2.9%Best | 4.5% |
| Max Drawdown | -2.3%Best | -3.2% |
| $10,000 over 3.9 years | $12,751 | $12,930Best |
| Fund Family | Angel Oak Capital Advisors | Virtus Investment Partners |
| Category | Fixed Income | Fixed Income |
| Style | Diversified Sectoral Bond | Diversified Sectoral Bond |
| Inception | Nov 7, 2022 | Aug 10, 2015 |
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 NFLT 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 NFLT Performance
Angel Oak Income ETF (CARY) is an ETF from Angel Oak Capital Advisors and Virtus Newfleet Multi-Sector Bond ETF (NFLT) is an ETF from Virtus Investment Partners. Over the past year CARY returned +2.06% while NFLT returned +1.29%. Year to date, CARY is up 0.90% versus a loss of 0.07% for NFLT.
Over three years, CARY compounded at +6.62% per year against +7.24% for NFLT. Across the full 4-year window we track, NFLT has the edge at +6.81% annualized vs +6.43%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NFLT has been the more volatile fund, with annualized monthly volatility of 4.5% 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 -3.2% for NFLT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CARY charges 0.79% per year while NFLT charges 0.50%. On a $10,000 position that is $79 vs $50 annually, a gap of $29 per year that compounds over a long holding period. On income, CARY currently yields 5.99% against 5.54% for NFLT.
Holdings Overlap
We hold position weights for 241 holdings in CARY and 13 in NFLT, totalling 20.8% and 1.3% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 2 positions appear in both.
2 positions in common, counted across the 241 positions we hold weights for in CARY and 13 in NFLT, against full books of 818 and 1,105.
Top Shared Holdings
| Stock | Weight in CARY | Weight in NFLT | Difference |
|---|---|---|---|
| GTN 5.375 11/15/31 1Gray Escrow Ii Inc 5.375 11/15/2031 | 0.10% | 0.05% | 0.05% |
| AMNPHA 6.875 08/01/3Amneal Pharmaceuticals L 144A W/O Rts 6.875 08/01/2032 6.875 2032-08-01 | 0.06% | 0.06% | 0.00% |
You are not choosing between two funds in isolation.
Whichever of CARY and NFLT 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 NFLT?
CARY has an expense ratio of 0.79% while NFLT charges 0.50%. NFLT is the cheaper option, by $29 a year on a $10,000 investment.
Which performed better, CARY or NFLT?
Over the past year CARY returned +2.06% vs +1.29% for NFLT, so CARY leads on 1-year performance. Over the longest common window we track (4 years), CARY annualized +6.43% vs +6.81% for NFLT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CARY or NFLT?
NFLT has been the more volatile fund at 4.5% annualized versus 2.9% for CARY. Worst drawdown: CARY -2.3% vs NFLT -3.2%.
Should I hold both CARY and NFLT?
CARY and NFLT have a monthly-return correlation of 0.88, 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 NFLT?
CARY yields 5.99% while NFLT yields 5.54%, so CARY currently pays the higher dividend yield.
Is NFLT better than CARY?
NFLT has a lower expense ratio. CARY led over 1Y, NFLT over 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.