ANGL vs. GRNB
Compare and contrast key facts about VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) and VanEck Vectors Green Bond ETF (GRNB).
ANGL and GRNB 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. GRNB is a passively managed fund by VanEck that tracks the performance of the S&P Green Bond Select Index. It was launched on Mar 3, 2017. Both ANGL and GRNB 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 GRNB.
Correlation
The correlation between ANGL and GRNB is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ANGL vs. GRNB - Performance Comparison
Key characteristics
ANGL:
0.98
GRNB:
1.64
ANGL:
1.39
GRNB:
2.49
ANGL:
1.21
GRNB:
1.30
ANGL:
1.18
GRNB:
0.71
ANGL:
5.92
GRNB:
5.82
ANGL:
1.09%
GRNB:
1.16%
ANGL:
6.60%
GRNB:
4.11%
ANGL:
-35.07%
GRNB:
-18.08%
ANGL:
-2.01%
GRNB:
-3.08%
Returns By Period
In the year-to-date period, ANGL achieves a 0.22% return, which is significantly lower than GRNB's 1.88% return.
ANGL
0.22%
-1.88%
0.60%
6.45%
6.54%
5.68%
GRNB
1.88%
-0.13%
1.29%
6.89%
0.40%
N/A
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ANGL vs. GRNB - Expense Ratio Comparison
ANGL has a 0.35% expense ratio, which is higher than GRNB's 0.20% expense ratio.
Risk-Adjusted Performance
ANGL vs. GRNB — Risk-Adjusted Performance Rank
ANGL
GRNB
ANGL vs. GRNB - 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 VanEck Vectors Green Bond ETF (GRNB). 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. GRNB - Dividend Comparison
ANGL's dividend yield for the trailing twelve months is around 6.43%, more than GRNB's 3.93% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF | 6.43% | 6.29% | 5.27% | 4.72% | 3.90% | 4.67% | 5.19% | 5.99% | 5.25% | 5.79% | 5.81% | 6.80% |
GRNB VanEck Vectors Green Bond ETF | 3.93% | 3.83% | 3.17% | 2.60% | 1.97% | 2.24% | 1.79% | 1.21% | 1.09% | 0.00% | 0.00% | 0.00% |
Drawdowns
ANGL vs. GRNB - Drawdown Comparison
The maximum ANGL drawdown since its inception was -35.07%, which is greater than GRNB's maximum drawdown of -18.08%. Use the drawdown chart below to compare losses from any high point for ANGL and GRNB. For additional features, visit the drawdowns tool.
Volatility
ANGL vs. GRNB - Volatility Comparison
VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) has a higher volatility of 5.02% compared to VanEck Vectors Green Bond ETF (GRNB) at 1.91%. This indicates that ANGL's price experiences larger fluctuations and is considered to be riskier than GRNB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.