ANGL vs. ^VIX
ANGL (VanEck Vectors Fallen Angel High Yield Bond ETF) is High Yield Bonds fund tracking the BofA Merrill Lynch US Fallen Angel High Yield Index, while ^VIX (CBOE Volatility Index) is an index. Over the past 10 years, ANGL returned 6.24%/yr vs -2.75%/yr for ^VIX. At a correlation of -0.44, they often move in opposite directions.
Performance
ANGL vs. ^VIX - Performance Comparison
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Returns By Period
In the year-to-date period, ANGL achieves a 1.97% return, which is significantly lower than ^VIX's 30.37% return. Over the past 10 years, ANGL has outperformed ^VIX with an annualized return of 6.24%, while ^VIX has yielded a comparatively lower -2.75% annualized return.
ANGL
- 1D
- -0.07%
- 1M
- 0.94%
- YTD
- 1.97%
- 6M
- 2.26%
- 1Y
- 7.26%
- 3Y*
- 8.60%
- 5Y*
- 3.25%
- 10Y*
- 6.24%
^VIX
- 1D
- 12.79%
- 1M
- 16.71%
- YTD
- 30.37%
- 6M
- 39.21%
- 1Y
- -1.71%
- 3Y*
- 13.19%
- 5Y*
- 4.06%
- 10Y*
- -2.75%
ANGL vs. ^VIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF | 1.97% | 9.04% | 6.06% | 12.52% | -14.26% | 6.84% | 13.20% | 18.06% | -5.84% | 9.71% |
^VIX CBOE Volatility Index | 30.37% | -13.83% | 39.36% | -42.55% | 25.84% | -24.31% | 65.09% | -45.79% | 130.25% | -21.37% |
Correlation
The correlation between ANGL and ^VIX is -0.56, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.52 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2012 | -0.44 |
The correlation between ANGL and ^VIX shifts across timeframes, from -0.56 (1 year) to -0.44 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ANGL vs. ^VIX — Risk / Return Rank
ANGL
^VIX
ANGL vs. ^VIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) and CBOE Volatility Index (^VIX). 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.
| ANGL | ^VIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.68 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.11 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | -0.03 | +1.83 |
| Martin ratioReturn relative to average drawdown | 7.53 | -0.06 | +7.58 |
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Drawdowns
ANGL vs. ^VIX - Drawdown Comparison
The maximum ANGL drawdown since its inception was -29.31%, smaller than the maximum ^VIX drawdown of -88.70%. Use the drawdown chart below to compare losses from any high point for ANGL and ^VIX.
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Drawdown Indicators
| ANGL | ^VIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.31% | -88.70% | +59.39% |
Max Drawdown (1Y)Largest decline over 1 year | -4.05% | -50.66% | +46.61% |
Max Drawdown (3Y)Largest decline over 3 years | -5.48% | -74.26% | +68.78% |
Max Drawdown (5Y)Largest decline over 5 years | -19.25% | -74.26% | +55.01% |
Max Drawdown (10Y)Largest decline over 10 years | -29.31% | -85.66% | +56.35% |
Current DrawdownCurrent decline from peak | -0.10% | -76.43% | +76.33% |
Average DrawdownAverage peak-to-trough decline | -3.29% | -64.07% | +60.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 30.70% | -29.73% |
Volatility
ANGL vs. ^VIX - Volatility Comparison
The current volatility for VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) is 1.16%, while CBOE Volatility Index (^VIX) has a volatility of 49.16%. This indicates that ANGL experiences smaller price fluctuations and is considered to be less risky than ^VIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANGL | ^VIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 49.16% | -48.00% |
Volatility (6M)Calculated over the trailing 6-month period | 3.55% | 91.13% | -87.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.36% | 124.01% | -119.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.64% | 127.78% | -120.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.26% | 136.67% | -127.41% |
Frequently Asked Questions
ANGL and ^VIX have a correlation of -0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^VIX has higher volatility (49.16%) compared to ANGL (1.16%). In terms of maximum drawdown, ANGL dropped -29.31% vs ^VIX's -88.70%.
ANGL currently has the higher Sharpe Ratio (1.67 vs -0.01), 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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