PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ANGL vs. HGER
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ANGL vs. HGER

Last updated Jun 13, 2026

ANGL (VanEck Vectors Fallen Angel High Yield Bond ETF) and HGER (Harbor Commodity All-Weather Strategy 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 HGER is a Commodities fund tracking the Quantix Commodity Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, ANGL returned 8.49%/yr vs 19.07%/yr for HGER. At a 0.12 correlation, their price movements are largely independent. ANGL charges 0.35%/yr vs 0.68%/yr for HGER.

Performance

ANGL vs. HGER - 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 Harbor Commodity All-Weather Strategy ETF (HGER). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, ANGL achieves a 1.87% return, which is significantly lower than HGER's 21.56% 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%

HGER

1D
-0.46%
1M
-9.24%
YTD
21.56%
6M
21.36%
1Y
31.96%
3Y*
19.07%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ANGL vs. HGER - Yearly Performance Comparison

2026 (YTD)2025202420232022
ANGL
VanEck Vectors Fallen Angel High Yield Bond ETF		1.87%9.04%6.06%12.52%-9.69%
HGER
Harbor Commodity All-Weather Strategy ETF		21.56%20.08%9.25%1.93%9.66%

Correlation

The correlation between ANGL and HGER is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.15

Correlation (3Y)
Calculated over the trailing 3-year period

0.06

Correlation (All Time)
Calculated using the full available price history since Feb 10, 2022

0.12

The correlation between ANGL and HGER shifts across timeframes, from -0.15 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.

ANGL vs. HGER - Sectors Allocation Comparison

Sectors
ANGL
HGER

Financial Services

100.0%

-

Basic Materials

-

103.6%

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Financial Services

ANGL
100.0%
HGER

-

Basic Materials

ANGL

-

HGER
103.6%

Communication Services

ANGL

-

HGER

-

Consumer Cyclical

ANGL

-

HGER

-

Consumer Defensive

ANGL

-

HGER

-

Energy

ANGL

-

HGER

-

Healthcare

ANGL

-

HGER

-

Industrials

ANGL

-

HGER

-

Real Estate

ANGL

-

HGER

-

Technology

ANGL

-

HGER

-

Utilities

ANGL

-

HGER

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VanEck Vectors Fallen Angel High Yield Bond ETF

Harbor Commodity All-Weather Strategy ETF

Often compared with ANGL:
ANGL vs. FALNANGL vs. HYGANGL vs. VWEAXANGL vs. ^VIXANGL vs. SPYANGL vs. BLVANGL vs. IGSB
Often compared with HGER:
HGER vs. PDBCHGER vs. GSGHGER vs. SPYHGER vs. DBCHGER vs. PWSHGER vs. DJPHGER vs. VOO

Return for Risk

ANGL vs. HGER — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ANGL
ANGL Risk / Return Rank: 5555
Overall Rank
ANGL Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
ANGL Sortino Ratio Rank: 6060
Sortino Ratio Rank
ANGL Omega Ratio Rank: 6464
Omega Ratio Rank
ANGL Calmar Ratio Rank: 4242
Calmar Ratio Rank
ANGL Martin Ratio Rank: 5151
Martin Ratio Rank
HGER
HGER Risk / Return Rank: 6868
Overall Rank
HGER Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
HGER Sortino Ratio Rank: 6262
Sortino Ratio Rank
HGER Omega Ratio Rank: 6767
Omega Ratio Rank
HGER Calmar Ratio Rank: 7373
Calmar Ratio Rank
HGER Martin Ratio Rank: 7171
Martin Ratio Rank
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. HGER - 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 Harbor Commodity All-Weather Strategy ETF (HGER). 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.

ANGLHGERDifference
Sharpe ratioReturn per unit of total volatility
1.71
1.88

-0.17

Sortino ratioReturn per unit of downside risk
2.46
2.51

-0.05

Omega ratioGain probability vs. loss probability

1.33

1.35

-0.01

Calmar ratioReturn relative to maximum drawdown

1.85

3.26

-1.41

Martin ratioReturn relative to average drawdown

7.72

11.51

-3.79

ANGL vs. HGER - Sharpe Ratio Comparison

The current ANGL Sharpe Ratio is 1.71, which is comparable to the HGER Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of ANGL and HGER, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

ANGL vs. HGER - Drawdown Comparison

The maximum ANGL drawdown since its inception was -29.31%, which is greater than HGER's maximum drawdown of -23.31%. Use the drawdown chart below to compare losses from any high point for ANGL and HGER.

Loading charts...

Drawdown Indicators

ANGLHGERDifference

Max Drawdown

Largest peak-to-trough decline

-29.31%

-23.31%

-6.00%

Max Drawdown (1Y)

Largest decline over 1 year

-4.05%

-9.86%

+5.81%

Max Drawdown (3Y)

Largest decline over 3 years

-5.48%

-9.86%

+4.38%

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%

-9.86%

+9.86%

Average Drawdown

Average peak-to-trough decline

-3.29%

-7.65%

+4.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.97%

2.78%

-1.81%

Volatility

ANGL vs. HGER - Volatility Comparison

The current volatility for VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) is 1.45%, while Harbor Commodity All-Weather Strategy ETF (HGER) has a volatility of 3.70%. This indicates that ANGL experiences smaller price fluctuations and is considered to be less risky than HGER based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

ANGLHGERDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.45%

3.70%

-2.25%

Volatility (6M)

Calculated over the trailing 6-month period

3.54%

14.85%

-11.31%

Volatility (1Y)

Calculated over the trailing 1-year period

4.37%

17.10%

-12.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.63%

17.62%

-9.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.28%

17.62%

-8.34%

ANGL vs. HGER - Expense Ratio Comparison

ANGL has a 0.35% expense ratio, which is lower than HGER's 0.68% expense ratio.

Dividends

ANGL vs. HGER - Dividend Comparison

ANGL's dividend yield for the trailing twelve months is around 6.35%, more than HGER's 5.83% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
HGER
Harbor Commodity All-Weather Strategy ETF		5.83%7.09%3.28%7.24%0.64%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

ANGL and HGER have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HGER has higher volatility (3.70%) compared to ANGL (1.45%). In terms of maximum drawdown, ANGL dropped -29.31% vs HGER's -23.31%.

On 3-year performance, HGER leads with 19.07% vs 8.49% for ANGL. On fees, ANGL is cheaper at 0.35% 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.

Over the 3-year period, HGER has performed better with a 19.07% return vs 8.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ANGL is cheaper with a 0.35% expense ratio, compared with 0.68% for HGER.

ANGL has the higher dividend yield at 6.35%, compared with 5.83% for HGER.

ANGL is categorized as High Yield Bonds, while HGER is Commodities. ANGL tracks BofA Merrill Lynch US Fallen Angel High Yield Index, while HGER tracks Quantix Commodity Index - Benchmark TR Net. They also come from different issuers: VanEck and Harbor. Their fees differ too: 0.35% for ANGL and 0.68% for HGER.

HGER currently has the higher Sharpe Ratio (1.88 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.

Portfolio Optimizer

Find the right allocation for ANGL and HGER

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