ANGL vs. GPIQ

Last updated Jun 13, 2026

ANGL (VanEck Vectors Fallen Angel High Yield Bond ETF) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income 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 GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. ANGL is passively managed, while GPIQ is actively managed. Over the past year, ANGL returned 7.44% vs 33.15% for GPIQ. A 0.55 correlation means they provide meaningful diversification when combined. ANGL charges 0.35%/yr vs 0.29%/yr for GPIQ.

Performance

ANGL vs. GPIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ANGL achieves a 1.87% return, which is significantly lower than GPIQ's 15.73% return.

ANGL

• 1D: 0.03%
• 1M: 0.91%
• YTD: 1.87%
• 6M: 2.30%
• 1Y: 7.44%
• 3Y*: 8.49%
• 5Y*: 3.32%
• 10Y*: 6.28%

GPIQ

• 1D: 0.71%
• 1M: 1.26%
• YTD: 15.73%
• 6M: 16.33%
• 1Y: 33.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ANGL vs. GPIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF	1.87%	9.04%	6.06%	10.50%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	15.73%	19.77%	23.22%	15.17%

Correlation

The correlation between ANGL and GPIQ is 0.60, 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	0.60
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.55

The correlation between ANGL and GPIQ has been stable across timeframes, ranging from 0.55 to 0.60 - a consistent structural relationship.

ANGL vs. GPIQ - Sectors Allocation Comparison

Sectors	ANGL	GPIQ
Financial Services	100.0%	0.2%
Basic Materials	-	1.1%
Communication Services	-	15.8%
Consumer Cyclical	-	12.3%
Consumer Defensive	-	7.7%
Energy	-	0.6%
Healthcare	-	4.2%
Industrials	-	2.9%
Real Estate	-	0.1%
Technology	-	53.8%
Utilities	-	1.4%

Return for Risk

ANGL vs. GPIQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ANGL

ANGL Risk / Return Rank: 55
ANGL Sharpe Ratio Rank: 58
ANGL Sortino Ratio Rank: 60
ANGL Omega Ratio Rank: 64
ANGL Calmar Ratio Rank: 42
ANGL Martin Ratio Rank: 51

GPIQ

GPIQ Risk / Return Rank: 81
GPIQ Sharpe Ratio Rank: 83
GPIQ Sortino Ratio Rank: 78
GPIQ Omega Ratio Rank: 81
GPIQ Calmar Ratio Rank: 78
GPIQ Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ANGL vs. GPIQ - 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 Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ). 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	GPIQ	Difference
Sharpe ratio: Return per unit of total volatility	1.71	2.29	-0.58
Sortino ratio: Return per unit of downside risk	2.46	3.00	-0.55
Omega ratio: Gain probability vs. loss probability	1.33	1.42	-0.08
Calmar ratio: Return relative to maximum drawdown	1.85	3.50	-1.65
Martin ratio: Return relative to average drawdown	7.72	14.86	-7.14

ANGL vs. GPIQ - Sharpe Ratio Comparison

The current ANGL Sharpe Ratio is 1.71, which is comparable to the GPIQ Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of ANGL and GPIQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ANGL vs. GPIQ - Drawdown Comparison

The maximum ANGL drawdown since its inception was -29.31%, which is greater than GPIQ's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for ANGL and GPIQ.

Drawdown Indicators

	ANGL	GPIQ	Difference
Max Drawdown Largest peak-to-trough decline	-29.31%	-21.06%	-8.25%
Max Drawdown (1Y) Largest decline over 1 year	-4.05%	-9.51%	+5.46%
Max Drawdown (3Y) Largest decline over 3 years	-5.48%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.25%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-29.31%	—	—
Current Drawdown Current decline from peak	0.00%	-2.35%	+2.35%
Average Drawdown Average peak-to-trough decline	-3.29%	-2.28%	-1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.97%	2.24%	-1.27%

Volatility

ANGL vs. GPIQ - Volatility Comparison

The current volatility for VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) is 1.45%, while Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a volatility of 6.42%. This indicates that ANGL experiences smaller price fluctuations and is considered to be less risky than GPIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANGL	GPIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.45%	6.42%	-4.97%
Volatility (6M) Calculated over the trailing 6-month period	3.54%	11.92%	-8.38%
Volatility (1Y) Calculated over the trailing 1-year period	4.37%	14.53%	-10.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.63%	17.72%	-10.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.28%	17.72%	-8.44%

ANGL vs. GPIQ - Expense Ratio Comparison

ANGL has a 0.35% expense ratio, which is higher than GPIQ's 0.29% expense ratio.

Dividends

ANGL vs. GPIQ - Dividend Comparison

ANGL's dividend yield for the trailing twelve months is around 6.35%, less than GPIQ's 9.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF	6.35%	6.20%	6.29%	5.27%	4.72%	3.90%	4.67%	5.19%	5.99%	5.25%	5.34%	5.81%
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF	9.53%	9.81%	9.18%	1.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ANGL and GPIQ in my portfolio?

ANGL and GPIQ have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ANGL or GPIQ?

GPIQ has higher volatility (6.42%) compared to ANGL (1.45%). In terms of maximum drawdown, ANGL dropped -29.31% vs GPIQ's -21.06%.

Which ETF is better, ANGL or GPIQ?

On 1-year performance, GPIQ leads with 33.15% vs 7.44% for ANGL. On fees, GPIQ is cheaper at 0.29% per year. On volatility, ANGL has been the lower-risk option at 1.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ANGL or GPIQ?

Over the 1-year period, GPIQ has performed better with a 33.15% return vs 7.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ANGL or GPIQ?

GPIQ is cheaper with a 0.29% expense ratio, compared with 0.35% for ANGL.

Which ETF pays a higher dividend yield, ANGL or GPIQ?

GPIQ has the higher dividend yield at 9.53%, compared with 6.35% for ANGL.

What is the main difference between ANGL and GPIQ?

ANGL is categorized as High Yield Bonds, while GPIQ is Nasdaq-100. They also come from different issuers: VanEck and Goldman Sachs. Their fees differ too: 0.35% for ANGL and 0.29% for GPIQ.

Which has better risk-adjusted returns?

GPIQ currently has the higher Sharpe Ratio (2.29 vs 1.71), 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.