ANGL vs. FALN
Compare and contrast key facts about VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) and iShares Fallen Angels USD Bond ETF (FALN).
ANGL and FALN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ANGL is a passively managed fund by VanEck that tracks the performance of the BofA Merrill Lynch US Fallen Angel High Yield Index. It was launched on Apr 10, 2012. FALN is a passively managed fund by iShares that tracks the performance of the Bloomberg US High Yield Fallen Angel 3% Capped Index. It was launched on Jun 14, 2016. Both ANGL and FALN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ANGL or FALN.
Key characteristics
| ANGL | FALN | |
|---|---|---|
| YTD Return | -0.49% | 0.39% |
| 1Y Return | 7.61% | 9.96% |
| 3Y Return (Ann) | 0.52% | 0.92% |
| 5Y Return (Ann) | 4.54% | 4.81% |
| Sharpe Ratio | 1.23 | 1.67 |
| Daily Std Dev | 6.12% | 5.88% |
| Max Drawdown | -35.07% | -29.22% |
| Current Drawdown | -4.68% | -2.56% |
Correlation
The correlation between ANGL and FALN is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ANGL vs. FALN - Performance Comparison
In the year-to-date period, ANGL achieves a -0.49% return, which is significantly lower than FALN's 0.39% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ANGL vs. FALN - Expense Ratio Comparison
Risk-Adjusted Performance
ANGL vs. FALN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) and iShares Fallen Angels USD Bond ETF (FALN). 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.
Dividends
ANGL vs. FALN - Dividend Comparison
ANGL's dividend yield for the trailing twelve months is around 5.67%, less than FALN's 5.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF | 5.67% | 5.27% | 4.72% | 3.90% | 4.67% | 5.19% | 5.99% | 5.25% | 5.76% | 5.81% | 6.80% | 6.10% |
FALN iShares Fallen Angels USD Bond ETF | 5.80% | 5.37% | 5.08% | 3.40% | 5.14% | 5.35% | 5.97% | 6.98% | 3.55% | 0.00% | 0.00% | 0.00% |
Drawdowns
ANGL vs. FALN - Drawdown Comparison
The maximum ANGL drawdown since its inception was -35.07%, which is greater than FALN's maximum drawdown of -29.22%. Use the drawdown chart below to compare losses from any high point for ANGL and FALN. For additional features, visit the drawdowns tool.
Volatility
ANGL vs. FALN - Volatility Comparison
VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) and iShares Fallen Angels USD Bond ETF (FALN) have volatilities of 1.48% and 1.48%, 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.