CARY vs SIFI
Angel Oak Income ETF vs Harbor Ares Systematic Multi-Sector Income ETF
Which is better, CARY or SIFI?
Each has led over a different period.
SIFI has a lower expense ratio. CARY led over 1Y, SIFI over 3Y and the full window. The two have moved almost in lockstep, correlation 0.92.
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 | SIFI |
|---|---|---|
| Expense Ratio | 0.79% | 0.50%Best |
| AUM | $1.4B | $23M |
| Dividend Yield | 5.99% | 8.29% |
| Holdings | 818 | 374 |
| YTD Return | +0.90%Best | -0.24% |
| 1Y Return | +2.06%Best | +1.03% |
| 3Y Return (annualized) | +6.62% | +7.09%Best |
| 5Y Return (annualized) | - | +2.23% |
| Volatility (annualized) | 2.9%Best | 4.5% |
| Max Drawdown | -2.3%Best | -3.5% |
| $10,000 over 3.9 years | $12,751 | $12,770Best |
| Fund Family | Angel Oak Capital Advisors | Harbor Funds |
| Category | Fixed Income | Fixed Income |
| Style | Diversified Sectoral Bond | Diversified Sectoral Bond |
| Inception | Nov 7, 2022 | Sep 14, 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 SIFI 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 SIFI Performance
Angel Oak Income ETF (CARY) is an ETF from Angel Oak Capital Advisors and Harbor Ares Systematic Multi-Sector Income ETF (SIFI) is an ETF from Harbor Funds. Over the past year CARY returned +2.06% while SIFI returned +1.03%. Year to date, CARY is up 0.90% versus a loss of 0.24% for SIFI.
Over three years, CARY compounded at +6.62% per year against +7.09% for SIFI. Across the full 4-year window we track, SIFI has the edge at +6.47% annualized vs +6.43%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SIFI 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 -3.5% for SIFI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CARY charges 0.79% per year while SIFI 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 8.29% for SIFI.
Holdings Overlap
We hold position weights for 241 holdings in CARY and 143 in SIFI, totalling 20.8% and 73.0% 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, 4 positions appear in both.
4 positions in common, counted across the 241 positions we hold weights for in CARY and 143 in SIFI, against full books of 818 and 374.
Top Shared Holdings
| Stock | Weight in CARY | Weight in SIFI | Difference |
|---|---|---|---|
| SXC 4.875 06/30/29 1Suncoke Energy Inc 144A 4.88% Jun 30, 2029 | 0.12% | 0.82% | 0.70% |
| MOH 6.25 01/15/33 14Molina Healthcare Inc 144A 6.25 01/15/2033 | 0.08% | 0.84% | 0.76% |
| HNDLIN 4.75 01/30/30Novelis Corp. 4.75% 01/30/2030 | 0.02% | 0.81% | 0.79% |
| ARLP 8.625 06/15/29 | 0.08% | 0.59% | 0.51% |
You are not choosing between two funds in isolation.
Whichever of CARY and SIFI 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 SIFI?
CARY has an expense ratio of 0.79% while SIFI charges 0.50%. SIFI is the cheaper option, by $29 a year on a $10,000 investment.
Which performed better, CARY or SIFI?
Over the past year CARY returned +2.06% vs +1.03% for SIFI, so CARY leads on 1-year performance. Over the longest common window we track (4 years), CARY annualized +6.43% vs +6.47% for SIFI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CARY or SIFI?
SIFI has been the more volatile fund at 4.5% annualized versus 2.9% for CARY. Worst drawdown: CARY -2.3% vs SIFI -3.5%.
Should I hold both CARY and SIFI?
CARY and SIFI have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, CARY or SIFI?
CARY yields 5.99% while SIFI yields 8.29%, so SIFI currently pays the higher dividend yield.
Is SIFI better than CARY?
SIFI has a lower expense ratio. CARY led over 1Y, SIFI over 3Y and the full window. The two have moved almost in lockstep, correlation 0.92. Which one suits a particular account depends on what it is for. This is information, not a recommendation.