^VIX vs. ANGL
^VIX (CBOE Volatility Index) is an index, while ANGL (VanEck Fallen Angel High Yield Bond ETF) is High Yield Bonds fund tracking the ICE US Fallen Angel High Yield 10% Constrained Index. Over the past 10 years, ^VIX returned 1.81%/yr vs 5.85%/yr for ANGL. Their -0.44 correlation means they have often moved in opposite directions in the past.
Performance
^VIX vs. ANGL - Performance Comparison
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Returns By Period
In the year-to-date period, ^VIX achieves a 6.96% return, which is significantly higher than ANGL's 1.76% return. Over the past 10 years, ^VIX has underperformed ANGL with an annualized return of 1.81%, while ANGL has yielded a comparatively higher 5.85% annualized return.
^VIX
- 1D
- -6.44%
- 1M
- -0.99%
- 6M
- -8.31%
- YTD
- 6.96%
- 1Y
- -21.54%
- 3Y*
- 4.70%
- 5Y*
- -2.60%
- 10Y*
- 1.81%
- ALL TIME*
- -0.21%
ANGL
- 1D
- -0.03%
- 1M
- -0.82%
- 6M
- 0.99%
- YTD
- 1.76%
- 1Y
- 5.94%
- 3Y*
- 7.84%
- 5Y*
- 2.87%
- 10Y*
- 5.85%
- ALL TIME*
- 6.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $23.07M | $20.69M | $19.68M |
^VIX vs. ANGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^VIX CBOE Volatility Index | 6.96% | -13.83% | 39.36% | -42.55% | 25.84% | -24.31% | 65.09% | -45.79% | 130.25% | -21.37% |
ANGL VanEck Fallen Angel High Yield Bond ETF | 1.76% | 9.04% | 6.06% | 12.52% | -14.26% | 6.84% | 13.20% | 18.06% | -5.84% | 9.71% |
Correlation
The correlation between ^VIX and ANGL is -0.57, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.57 |
Correlation (3Y) Balances recent behavior with more history. | -0.54 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.54 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.52 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2012 | -0.44 |
The correlation between ^VIX and ANGL shifts across timeframes, from -0.57 (1 year) to -0.44 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
^VIX vs. ANGL — Risk / Return Rank
^VIX
ANGL
^VIX vs. ANGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CBOE Volatility Index (^VIX) and VanEck 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.
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.
| ^VIX | ANGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.26 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 1.44 | -1.53 |
| Martin ratioReturn relative to average drawdown | -0.13 | 5.94 | -6.07 |
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Drawdowns
^VIX vs. ANGL - Drawdown Comparison
The maximum ^VIX drawdown since its inception was -88.70%, which is greater than ANGL's maximum drawdown of -29.31%. Use the drawdown chart below to compare losses from any high point for ^VIX and ANGL.
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Drawdown Indicators
| ^VIX | ANGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.70% | -29.31% | -59.39% |
Max Drawdown (1Y)Largest decline over 1 year | -51.59% | -4.05% | -47.54% |
Max Drawdown (3Y)Largest decline over 3 years | -74.26% | -5.48% | -68.78% |
Max Drawdown (5Y)Largest decline over 5 years | -74.26% | -19.25% | -55.01% |
Max Drawdown (10Y)Largest decline over 10 years | -85.66% | -29.31% | -56.35% |
Current DrawdownCurrent decline from peak | -80.66% | -0.89% | -79.77% |
Average DrawdownAverage peak-to-trough decline | -64.12% | -3.27% | -60.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.86% | 0.98% | +32.88% |
Volatility
^VIX vs. ANGL - Volatility Comparison
CBOE Volatility Index (^VIX) has a higher volatility of 37.09% compared to VanEck Fallen Angel High Yield Bond ETF (ANGL) at 0.91%. 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.
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Volatility by Period
| ^VIX | ANGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 37.09% | 0.91% | +36.18% |
Volatility (6M)Calculated over the trailing 6-month period | 92.23% | 3.61% | +88.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 127.66% | 4.34% | +123.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 127.54% | 7.63% | +119.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 136.71% | 9.23% | +127.48% |
Frequently Asked Questions
^VIX and ANGL have a correlation of -0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^VIX has higher volatility (37.09%) compared to ANGL (0.91%). In terms of maximum drawdown, ^VIX dropped -88.70% vs ANGL's -29.31%.
ANGL currently has the higher Sharpe Ratio (1.35 vs -0.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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