^VIX vs. ANGL
Compare and contrast key facts about CBOE Volatility Index (^VIX) and VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL).
ANGL is a passively managed fund by VanEck that tracks the performance of the BofA Merrill Lynch US Fallen Angel High Yield Index. It was launched on Apr 10, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^VIX or ANGL.
|5Y Return (Ann)||6.28%||3.74%|
|10Y Return (Ann)||2.17%||5.37%|
|Daily Std Dev||86.82%||11.92%|
The correlation between ^VIX and ANGL is -0.41. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
^VIX vs. ANGL - Performance Comparison
In the year-to-date period, ^VIX achieves a -17.17% return, which is significantly lower than ANGL's 2.55% return. Over the past 10 years, ^VIX has underperformed ANGL with an annualized return of 2.17%, while ANGL has yielded a comparatively higher 5.37% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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^VIX vs. ANGL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CBOE Volatility Index (^VIX) and VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
|Sharpe ratio||Sortino ratio||Omega ratio||Calmar ratio||Ulcer Index|
|CBOE Volatility Index||-0.32|
|VanEck Vectors Fallen Angel High Yield Bond ETF||-0.00|
^VIX vs. ANGL - Drawdown Comparison
The maximum ^VIX drawdown for the period was -80.92%, lower than the maximum ANGL drawdown of -16.07%. The drawdown chart below compares losses from any high point along the way for ^VIX and ANGL
^VIX vs. ANGL - Volatility Comparison
CBOE Volatility Index (^VIX) has a higher volatility of 29.10% compared to VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) at 1.77%. This indicates that ^VIX's price experiences larger fluctuations and is considered to be riskier than ANGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.