A side-by-side comparison of VictoryShares Pioneer Asset-Based Income ETF (ABI) and Angel Oak Income ETF (CARY) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | ABI | CARY |
|---|---|---|
| YTD Return | -45.83% | -1.89%✓ |
| 1-Day Change | -99.74% | +0.15%✓ |
| 1-Week Change | -99.73% | -0.62%✓ |
| 1-Month Change | -99.74% | -2.31%✓ |
| Current Price | $0.07 | $20.12 |
| AUM | $525M | $1.44B✓ |
| MER (Expense Ratio) | — | 0.79% |
| Dividend Yield | 6.41%✓ | 5.73% |
| Distribution Frequency | — | — |
| Inception Date | 2025-06-25 | 2022-11-07 |
| Holdings Count | 1 | 1 |
| MorningStar Rating | — | ★★★ |
| Category | Multisector Bond | Multisector Bond |
| Beta | 0.00 | 0.51 |
| 52-Week High | $24.72 | $20.70 |
| 52-Week Low | $23.50 | $19.70 |
| 50-Day MA | $24.71 | $20.55 |
| 200-Day MA | $24.84 | $20.79 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | ABI | CARY |
|---|---|---|
| YTD | -45.83% | -1.89%✓ |
| 1 Year | +4.40%✓ | +1.76% |
| 3 Year | — | +6.56% |
| 5 Year | — | — |
| 10 Year | — | — |
| 1Y Volatility | 1.38% | 2.84% |
| Sharpe Ratio (3Y) | — | 0.60 |
Past performance is not a guarantee of future results.
Sector Weights
| Sector | ABI | CARY |
|---|---|---|
| Basic Materials | 0.00% | 0.00% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 0.00% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About ABI
Under normal circumstances, the fund invests at least 80% of its net assets in various U.S. dollar-denominated asset-based income investments. Asset-based income investments include, but are not limited to, securitized assets, such as ABS, including private and multi-class structures, pass-through certificates, residual certificates, and other instruments secured by financial, physical, and/or intangible assets.
About CARY
The fund invests primarily in agency and non-agency RMBS, CMBS, CLOs, CDOs, CMOs, CBOs, ABS, including securities or securitizations backed by assets such as unsecured consumer loans, credit card receivables, student loans, automobile loans, loans financing solar energy systems, and residential and commercial real estate, and other debt securitizations; mortgage loans, secured and unsecured consumer loans, commercial loans and pools of such loans; corporate debt; and U.S. Treasury and U.S. gover…
Which ETF is Right for You?
Both ABI and CARY are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, CARY scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between ABI and CARY?
ABI (VictoryShares Pioneer Asset-Based Income ETF) and CARY (Angel Oak Income ETF) are both Canadian-listed ETFs. Key differences include their AUM ($525M vs $1.44B), dividend yield (6.41% vs 5.73%), and year-to-date performance (-45.83% vs -1.89%).
Is ABI better than CARY?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy ABI and CARY on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both ABI and CARY should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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