ANGL vs. BLV
ANGL (VanEck Vectors Fallen Angel High Yield Bond ETF) and BLV (Vanguard Long-Term 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 BLV is a Long-Term Bond fund tracking the Bloomberg U.S. Long Government/Credit Float Adjusted Index. Both are passively managed. Over the past 10 years, ANGL returned 6.25%/yr vs 0.91%/yr for BLV. At a 0.24 correlation, their price movements are largely independent. ANGL charges 0.35%/yr vs 0.03%/yr for BLV.
Performance
ANGL vs. BLV - Performance Comparison
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Returns By Period
In the year-to-date period, ANGL achieves a 2.04% return, which is significantly higher than BLV's 0.81% return. Over the past 10 years, ANGL has outperformed BLV with an annualized return of 6.25%, while BLV has yielded a comparatively lower 0.91% annualized return.
ANGL
- 1D
- -0.03%
- 1M
- 1.01%
- YTD
- 2.04%
- 6M
- 2.40%
- 1Y
- 7.40%
- 3Y*
- 8.62%
- 5Y*
- 3.32%
- 10Y*
- 6.25%
BLV
- 1D
- -0.55%
- 1M
- 1.61%
- YTD
- 0.81%
- 6M
- 0.84%
- 1Y
- 5.47%
- 3Y*
- 1.85%
- 5Y*
- -3.65%
- 10Y*
- 0.91%
ANGL vs. BLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF | 2.04% | 9.04% | 6.06% | 12.52% | -14.26% | 6.84% | 13.20% | 18.06% | -5.84% | 9.71% |
BLV Vanguard Long-Term Bond ETF | 0.81% | 6.44% | -3.65% | 7.35% | -26.95% | -2.89% | 16.13% | 18.99% | -4.17% | 10.74% |
Correlation
The correlation between ANGL and BLV is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2012 | 0.24 |
Over the past year, ANGL and BLV have become more correlated (0.62) than their long-term average of 0.24, meaning their price movements have been converging.
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Return for Risk
ANGL vs. BLV — Risk / Return Rank
ANGL
BLV
ANGL vs. BLV - 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 Vanguard Long-Term Bond ETF (BLV). 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 | BLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.12 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 0.96 | +0.88 |
| Martin ratioReturn relative to average drawdown | 7.68 | 2.34 | +5.34 |
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Drawdowns
ANGL vs. BLV - Drawdown Comparison
The maximum ANGL drawdown since its inception was -29.31%, smaller than the maximum BLV drawdown of -38.29%. Use the drawdown chart below to compare losses from any high point for ANGL and BLV.
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Drawdown Indicators
| ANGL | BLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.31% | -38.29% | +8.98% |
Max Drawdown (1Y)Largest decline over 1 year | -4.05% | -5.73% | +1.68% |
Max Drawdown (3Y)Largest decline over 3 years | -5.48% | -15.16% | +9.68% |
Max Drawdown (5Y)Largest decline over 5 years | -19.25% | -36.27% | +17.02% |
Max Drawdown (10Y)Largest decline over 10 years | -29.31% | -38.29% | +8.98% |
Current DrawdownCurrent decline from peak | -0.03% | -23.74% | +23.71% |
Average DrawdownAverage peak-to-trough decline | -3.29% | -9.55% | +6.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 2.34% | -1.37% |
Volatility
ANGL vs. BLV - Volatility Comparison
The current volatility for VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) is 1.17%, while Vanguard Long-Term Bond ETF (BLV) has a volatility of 1.97%. This indicates that ANGL experiences smaller price fluctuations and is considered to be less risky than BLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANGL | BLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 1.97% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 3.55% | 5.76% | -2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 7.98% | -3.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.64% | 12.93% | -5.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.28% | 11.99% | -2.71% |
ANGL vs. BLV - Expense Ratio Comparison
ANGL has a 0.35% expense ratio, which is higher than BLV's 0.03% expense ratio.
Dividends
ANGL vs. BLV - Dividend Comparison
ANGL's dividend yield for the trailing twelve months is around 6.34%, more than BLV's 4.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF | 6.34% | 6.20% | 6.29% | 5.27% | 4.72% | 3.90% | 4.67% | 5.19% | 5.99% | 5.25% | 5.34% | 5.81% |
BLV Vanguard Long-Term Bond ETF | 4.78% | 4.67% | 5.09% | 4.06% | 4.17% | 3.37% | 6.12% | 3.57% | 4.07% | 3.63% | 4.16% | 4.37% |
Frequently Asked Questions
ANGL and BLV have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BLV has higher volatility (1.97%) compared to ANGL (1.17%). In terms of maximum drawdown, ANGL dropped -29.31% vs BLV's -38.29%.
On 10-year performance, ANGL leads with 6.25% vs 0.91% for BLV. On fees, BLV is cheaper at 0.03% per year. On volatility, ANGL has been the lower-risk option at 1.17%. 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 6.25% return vs 0.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BLV is cheaper with a 0.03% expense ratio, compared with 0.35% for ANGL.
ANGL has the higher dividend yield at 6.34%, compared with 4.78% for BLV.
ANGL is categorized as High Yield Bonds, while BLV is Long-Term Bond. ANGL tracks BofA Merrill Lynch US Fallen Angel High Yield Index, while BLV tracks Bloomberg U.S. Long Government/Credit Float Adjusted Index. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 0.35% for ANGL and 0.03% for BLV.
ANGL currently has the higher Sharpe Ratio (1.71 vs 0.69), 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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