ANGL vs. AGG
ANGL (VanEck Vectors Fallen Angel High Yield Bond ETF) and AGG (iShares Core U.S. Aggregate Bond ETF) are both exchange-traded funds - ANGL is a High Yield Bonds fund tracking the BofA Merrill Lynch US Fallen Angel High Yield Index, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Both are passively managed. Over the past 10 years, ANGL returned 6.13%/yr vs 1.52%/yr for AGG. At a 0.26 correlation, their price movements are largely independent. ANGL charges 0.35%/yr vs 0.03%/yr for AGG.
Performance
ANGL vs. AGG - Performance Comparison
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Returns By Period
In the year-to-date period, ANGL achieves a 1.27% return, which is significantly higher than AGG's -0.08% return. Over the past 10 years, ANGL has outperformed AGG with an annualized return of 6.13%, while AGG has yielded a comparatively lower 1.52% annualized return.
ANGL
- 1D
- 0.03%
- 1M
- -0.23%
- YTD
- 1.27%
- 6M
- 1.74%
- 1Y
- 7.79%
- 3Y*
- 8.23%
- 5Y*
- 3.26%
- 10Y*
- 6.13%
AGG
- 1D
- 0.00%
- 1M
- -0.69%
- YTD
- -0.08%
- 6M
- 0.26%
- 1Y
- 4.97%
- 3Y*
- 3.88%
- 5Y*
- -0.03%
- 10Y*
- 1.52%
ANGL vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF | 1.27% | 9.04% | 6.06% | 12.52% | -14.26% | 6.84% | 13.20% | 18.06% | -5.84% | 9.71% |
AGG iShares Core U.S. Aggregate Bond ETF | -0.08% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 0.09% | 3.55% |
Correlation
The correlation between ANGL and AGG is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2012 | 0.26 |
Over the past year, ANGL and AGG have become more correlated (0.65) than their long-term average of 0.26, meaning their price movements have been converging.
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Return for Risk
ANGL vs. AGG — Risk / Return Rank
ANGL
AGG
ANGL vs. AGG - 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 iShares Core U.S. Aggregate Bond ETF (AGG). 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.
| ANGL | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.23 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 1.81 | +0.12 |
| Martin ratioReturn relative to average drawdown | 8.09 | 5.44 | +2.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ANGL | AGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 1.32 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | -0.00 | +0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.28 | +0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.59 | +0.15 |
Drawdowns
ANGL vs. AGG - Drawdown Comparison
The maximum ANGL drawdown since its inception was -29.31%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for ANGL and AGG.
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Drawdown Indicators
| ANGL | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.31% | -18.43% | -10.88% |
Max Drawdown (1Y)Largest decline over 1 year | -4.05% | -2.76% | -1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -5.48% | -6.11% | +0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -19.25% | -17.82% | -1.43% |
Max Drawdown (10Y)Largest decline over 10 years | -29.31% | -18.43% | -10.88% |
Current DrawdownCurrent decline from peak | -0.58% | -2.47% | +1.89% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -2.71% | -0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.92% | +0.04% |
Volatility
ANGL vs. AGG - Volatility Comparison
VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) and iShares Core U.S. Aggregate Bond ETF (AGG) have volatilities of 1.35% and 1.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANGL | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 1.29% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 2.77% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 3.80% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.63% | 6.09% | +1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.28% | 5.41% | +3.87% |
ANGL vs. AGG - Expense Ratio Comparison
ANGL has a 0.35% expense ratio, which is higher than AGG's 0.03% expense ratio.
Dividends
ANGL vs. AGG - Dividend Comparison
ANGL's dividend yield for the trailing twelve months is around 6.39%, more than AGG's 4.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 4.00% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF | 6.39% | 6.20% | 6.29% | 5.27% | 4.72% | 3.90% | 4.67% | 5.19% | 5.99% | 5.25% | 5.34% | 5.81% |
Frequently Asked Questions
ANGL and AGG have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ANGL has higher volatility (1.35%) compared to AGG (1.29%). In terms of maximum drawdown, ANGL dropped -29.31% vs AGG's -18.43%.
On 10-year performance, ANGL leads with 6.13% vs 1.52% for AGG. On fees, AGG is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, ANGL has performed better with a 6.13% return vs 1.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AGG is cheaper with a 0.03% expense ratio, compared with 0.35% for ANGL.
ANGL has the higher dividend yield at 6.39%, compared with 4.00% for AGG.
ANGL is categorized as High Yield Bonds, while AGG is Total Bond Market. ANGL tracks BofA Merrill Lynch US Fallen Angel High Yield Index, while AGG tracks Bloomberg U.S. Aggregate Bond Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.35% for ANGL and 0.03% for AGG.
ANGL currently has the higher Sharpe Ratio (1.81 vs 1.32), 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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