ANGL vs. BBHY
ANGL (VanEck Fallen Angel High Yield Bond ETF) and BBHY (JPMorgan BetaBuilders USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - ANGL tracks the ICE US Fallen Angel High Yield 10% Constrained Index while BBHY tracks the ICE BofA US High Yield Index. Both are passively managed. Over the past 5 years, ANGL returned 3.01%/yr vs 3.99%/yr for BBHY. Their correlation of 0.81 means they have usually moved in the same direction. ANGL charges 0.25%/yr vs 0.15%/yr for BBHY.
Performance
ANGL vs. BBHY - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with ANGL having a 2.11% return and BBHY slightly higher at 2.13%.
ANGL
- 1D
- 0.34%
- 1M
- -0.48%
- 6M
- 1.23%
- YTD
- 2.11%
- 1Y
- 6.30%
- 3Y*
- 8.08%
- 5Y*
- 3.01%
- 10Y*
- 5.78%
- ALL TIME*
- 6.78%
BBHY
- 1D
- 0.30%
- 1M
- -0.11%
- 6M
- 1.34%
- YTD
- 2.13%
- 1Y
- 5.69%
- 3Y*
- 8.37%
- 5Y*
- 3.99%
- 10Y*
- —
- ALL TIME*
- 4.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $25.84M | $20.61M | $19.38M | |
| $4.07M | $3.06M | $2.90M |
ANGL vs. BBHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ANGL VanEck Fallen Angel High Yield Bond ETF | 2.11% | 9.04% | 6.06% | 12.52% | -14.26% | 6.84% | 13.20% | 18.06% | -5.84% | 9.71% |
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 2.13% | 8.51% | 7.81% | 11.98% | -10.37% | 3.88% | 5.36% | 14.35% | -2.50% | 6.57% |
Correlation
The correlation between ANGL and BBHY is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2016 | 0.81 |
The correlation between ANGL and BBHY shifts across timeframes, from 0.81 (all time) to 0.94 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ANGL vs. BBHY — Risk / Return Rank
ANGL
BBHY
ANGL vs. BBHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Fallen Angel High Yield Bond ETF (ANGL) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY). 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 | BBHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.30 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 2.41 | -0.84 |
| Martin ratioReturn relative to average drawdown | 6.43 | 10.49 | -4.06 |
Loading charts...
Drawdowns
ANGL vs. BBHY - Drawdown Comparison
The maximum ANGL drawdown since its inception was -29.31%, which is greater than BBHY's maximum drawdown of -24.98%. Use the drawdown chart below to compare losses from any high point for ANGL and BBHY.
Loading charts...
Drawdown Indicators
| ANGL | BBHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.31% | -24.98% | -4.33% |
Max Drawdown (1Y)Largest decline over 1 year | -4.05% | -2.37% | -1.68% |
Max Drawdown (3Y)Largest decline over 3 years | -5.48% | -5.00% | -0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -19.25% | -15.32% | -3.93% |
Max Drawdown (10Y)Largest decline over 10 years | -29.31% | — | — |
Current DrawdownCurrent decline from peak | -0.55% | -0.25% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -2.34% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 0.54% | +0.44% |
Volatility
ANGL vs. BBHY - Volatility Comparison
VanEck Fallen Angel High Yield Bond ETF (ANGL) has a higher volatility of 0.96% compared to JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) at 0.88%. This indicates that ANGL's price experiences larger fluctuations and is considered to be riskier than BBHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ANGL | BBHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 0.88% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | 3.02% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.35% | 3.67% | +0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.64% | 7.27% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.23% | 7.48% | +1.75% |
ANGL vs. BBHY - Expense Ratio Comparison
ANGL has a 0.25% expense ratio, which is higher than BBHY's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ANGL vs. BBHY - Dividend Comparison
ANGL's dividend yield for the trailing twelve months is around 6.55%, less than BBHY's 7.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANGL VanEck Fallen Angel High Yield Bond ETF | 6.55% | 6.20% | 6.29% | 5.27% | 4.72% | 3.90% | 4.67% | 5.19% | 5.99% | 5.25% | 5.34% | 5.81% |
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 7.11% | 7.24% | 7.18% | 6.49% | 5.92% | 4.06% | 4.73% | 4.99% | 5.02% | 4.81% | 1.42% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, ANGL and BBHY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
ANGL has higher volatility (0.96%) compared to BBHY (0.88%). In terms of maximum drawdown, ANGL dropped -29.31% vs BBHY's -24.98%.
On 5-year performance, BBHY leads with 3.99% vs 3.01% for ANGL. On fees, BBHY is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BBHY has performed better with a 3.99% return vs 3.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBHY is cheaper with a 0.15% expense ratio, compared with 0.25% for ANGL.
BBHY has the higher dividend yield at 7.11%, compared with 6.55% for ANGL.
ANGL tracks ICE US Fallen Angel High Yield 10% Constrained Index, while BBHY tracks ICE BofA US High Yield Index. They also come from different issuers: VanEck and JPMorgan. Their fees differ too: 0.25% for ANGL and 0.15% for BBHY.
BBHY currently has the higher Sharpe Ratio (1.56 vs 1.46), 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.
Find the right allocation for ANGL and BBHY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer