- ISIN
- US92189F4375
- CUSIP
- 92189F437
- Issuer
- VanEck
- Inception Date
- Apr 10, 2012
- Region
- Developed Markets (Broad)
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- BofA Merrill Lynch US Fallen Angel High Yield Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $3B
Share Price Chart
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Performance
ANGL Performance Chart
VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) is up 2.0% since the beginning of the year. ANGL is currently trading at $29 per share. Investors who bought $1,000 worth of ANGL shares 5 years ago would now be looking at an investment worth $1,177.
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Returns By Period
VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) has returned 2.04% so far this year and 7.40% over the past 12 months. Over the last ten years, ANGL has returned 6.25% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
VanEck Vectors Fallen Angel High Yield Bond ETF
- 1D
- -0.03%
- 1M
- 1.01%
- YTD
- 2.04%
- 6M
- 2.40%
- 1Y
- 7.40%
- 3Y*
- 8.62%
- 5Y*
- 3.32%
- 10Y*
- 6.25%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
ANGL Monthly Returns History
Based on dividend-adjusted daily data since Apr 11, 2012, ANGL's average daily return is +0.03%, while the average monthly return is +0.58%. At this rate, an investment would double in approximately 10.0 years.
Historically, 65% of months were positive and 35% were negative. The best month was Apr 2020 with a return of +8.1%, while the worst month was Mar 2020 at -13.9%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 4 months.
On a daily basis, ANGL closed higher 53% of trading days. The best single day was Apr 19, 2013 with a return of +6.6%, while the worst single day was Mar 18, 2020 at -9.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.77% | 0.68% | -2.61% | 2.50% | 0.43% | 0.32% | 2.04% | ||||||
| 2025 | 1.29% | 0.65% | -0.26% | -1.44% | 1.99% | 2.57% | 0.01% | 1.37% | 1.71% | -0.18% | 0.71% | 0.32% | 9.04% |
| 2024 | 0.97% | -0.68% | 1.53% | -2.07% | 1.50% | -0.30% | 2.63% | 1.45% | 1.41% | -1.35% | 1.90% | -0.99% | 6.06% |
| 2023 | 3.89% | -2.02% | 2.72% | -0.51% | -1.05% | 2.02% | 0.89% | -0.08% | -1.98% | -0.72% | 5.98% | 3.06% | 12.52% |
| 2022 | -4.12% | -1.93% | -1.34% | -5.45% | 1.92% | -6.76% | 5.34% | -2.48% | -4.38% | 1.58% | 3.99% | -0.87% | -14.26% |
| 2021 | -0.09% | 0.37% | -0.10% | 1.25% | 0.34% | 2.52% | 0.92% | 0.87% | -0.38% | 0.37% | -1.67% | 2.31% | 6.84% |
Benchmark Metrics
VanEck Vectors Fallen Angel High Yield Bond ETF has an annualized alpha of 2.77%, beta of 0.32, and R2 of 0.34 versus S&P 500 Index. Calculated based on daily prices since April 11, 2012.
- This ETF participated in 45.43% of S&P 500 Index downside but only 42.41% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.32 may look defensive, but with R2 of 0.34 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.34 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 2.77%
- Beta
- 0.32
- R²
- 0.34
- Upside Capture
- 42.41%
- Downside Capture
- 45.43%
Expense Ratio
ANGL has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ANGL ranks 49 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ANGL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.78 | -0.95 |
| Martin ratioReturn relative to average drawdown | 7.68 | 12.44 | -4.76 |
Dividends
Dividend History
VanEck Vectors Fallen Angel High Yield Bond ETF provided a 6.34% dividend yield over the last twelve months, with an annual payout of $1.85 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.85 | $1.82 | $1.80 | $1.52 | $1.27 | $1.28 | $1.50 | $1.55 | $1.60 | $1.57 | $1.54 | $1.41 |
Dividend yield | 6.34% | 6.20% | 6.29% | 5.27% | 4.72% | 3.90% | 4.67% | 5.19% | 5.99% | 5.25% | 5.34% | 5.81% |
Monthly Dividends
The table displays the monthly dividend distributions for VanEck Vectors Fallen Angel High Yield Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.16 | $0.14 | $0.17 | $0.16 | $0.15 | $0.78 | ||||||
| 2025 | $0.00 | $0.16 | $0.14 | $0.16 | $0.15 | $0.15 | $0.14 | $0.16 | $0.15 | $0.15 | $0.31 | $0.16 | $1.82 |
| 2024 | $0.00 | $0.14 | $0.14 | $0.15 | $0.15 | $0.16 | $0.15 | $0.16 | $0.15 | $0.14 | $0.16 | $0.30 | $1.80 |
| 2023 | $0.00 | $0.12 | $0.10 | $0.13 | $0.11 | $0.13 | $0.13 | $0.13 | $0.13 | $0.14 | $0.14 | $0.26 | $1.52 |
| 2022 | $0.00 | $0.10 | $0.09 | $0.10 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.10 | $0.11 | $0.22 | $1.27 |
| 2021 | $0.00 | $0.12 | $0.11 | $0.12 | $0.11 | $0.12 | $0.10 | $0.11 | $0.11 | $0.10 | $0.10 | $0.20 | $1.28 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the VanEck Vectors Fallen Angel High Yield Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the VanEck Vectors Fallen Angel High Yield Bond ETF was 29.31%, occurring on Mar 19, 2020. Recovery took 85 trading sessions.
The current VanEck Vectors Fallen Angel High Yield Bond ETF drawdown is 0.03%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -29.31%Mar 2020 | 1mo | 4mo 4d | 5mo 4dFeb 2020 - Jul 2020 |
Bear market2022 | -19.25%Oct 2022 | 11mo 4d | 1y 10mo | 2y 9moNov 2021 - Aug 2024 |
2016 correction2016 | -13.09%Jan 2016 | 7mo 22d | 3mo | 10mo 22dJun 2015 - Apr 2016 |
2013 pullback2013 | -9.92%Jun 2013 | 2mo 3d | 8mo 12d | 10mo 15dApr 2013 - Mar 2014 |
Rate-hike selloffLate 2018 | -8.77%Dec 2018 | 11mo 3d | 2mo | 1y 28dJan 2018 - Feb 2019 |
Drawdown Indicators
| ANGL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.31% | -56.78% | +27.47% |
Max Drawdown (1Y)Largest decline over 1 year | -4.05% | -9.10% | +5.05% |
Max Drawdown (3Y)Largest decline over 3 years | -5.48% | -18.90% | +13.42% |
Max Drawdown (5Y)Largest decline over 5 years | -19.25% | -25.43% | +6.18% |
Max Drawdown (10Y)Largest decline over 10 years | -29.31% | -33.92% | +4.61% |
Current DrawdownCurrent decline from peak | -0.03% | -1.80% | +1.77% |
Average DrawdownAverage peak-to-trough decline | -3.29% | -10.71% | +7.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 2.03% | -1.06% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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