ANGL vs. HODL
ANGL (VanEck Fallen Angel High Yield Bond ETF) and HODL (VanEck Bitcoin Trust) are both exchange-traded funds - ANGL is a High Yield Bonds fund tracking the ICE US Fallen Angel High Yield 10% Constrained Index, while HODL is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, ANGL returned 6.30% vs -43.61% for HODL. Their 0.32 correlation means their historical movements had little consistent relationship. Both charge a 0.25% expense ratio.
Performance
ANGL vs. HODL - Performance Comparison
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Returns By Period
In the year-to-date period, ANGL achieves a 2.11% return, which is significantly higher than HODL's -27.01% return.
ANGL
- 1D
- 0.34%
- 1M
- -0.48%
- 6M
- 1.23%
- YTD
- 2.11%
- 1Y
- 6.30%
- 3Y*
- 8.08%
- 5Y*
- 3.01%
- 10Y*
- 5.78%
- ALL TIME*
- 6.78%
HODL
- 1D
- 1.52%
- 1M
- 3.91%
- 6M
- -18.14%
- YTD
- -27.01%
- 1Y
- -43.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $25.84M | $20.61M | $19.38M | |
| $18.51M | $17.76M | $22.96M |
ANGL vs. HODL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ANGL VanEck Fallen Angel High Yield Bond ETF | 2.11% | 9.04% | 5.73% |
HODL VanEck Bitcoin Trust | -27.01% | -6.42% | 91.50% |
Correlation
The correlation between ANGL and HODL is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.32 |
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Return for Risk
ANGL vs. HODL — Risk / Return Rank
ANGL
HODL
ANGL vs. HODL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Fallen Angel High Yield Bond ETF (ANGL) and VanEck Bitcoin Trust (HODL). 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 | HODL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.44 | ||
| Sortino ratioReturn per unit of downside risk | +3.54 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.84 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | -0.82 | +2.38 |
| Martin ratioReturn relative to average drawdown | 6.43 | -1.26 | +7.69 |
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Drawdowns
ANGL vs. HODL - Drawdown Comparison
The maximum ANGL drawdown since its inception was -29.31%, smaller than the maximum HODL drawdown of -53.20%. Use the drawdown chart below to compare losses from any high point for ANGL and HODL.
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Drawdown Indicators
| ANGL | HODL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.31% | -53.20% | +23.89% |
Max Drawdown (1Y)Largest decline over 1 year | -4.05% | -53.20% | +49.15% |
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 DrawdownCurrent decline from peak | -0.55% | -49.14% | +48.59% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -18.22% | +14.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 34.70% | -33.72% |
Volatility
ANGL vs. HODL - Volatility Comparison
The current volatility for VanEck Fallen Angel High Yield Bond ETF (ANGL) is 0.96%, while VanEck Bitcoin Trust (HODL) has a volatility of 8.96%. This indicates that ANGL experiences smaller price fluctuations and is considered to be less risky than HODL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANGL | HODL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 8.96% | -8.00% |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | 33.76% | -30.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.35% | 44.33% | -39.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.64% | 49.25% | -41.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.23% | 49.25% | -40.02% |
ANGL vs. HODL - Expense Ratio Comparison
Both ANGL and HODL have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
ANGL vs. HODL - Dividend Comparison
ANGL's dividend yield for the trailing twelve months is around 6.55%, while HODL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANGL VanEck Fallen Angel High Yield Bond ETF | 6.55% | 6.20% | 6.29% | 5.27% | 4.72% | 3.90% | 4.67% | 5.19% | 5.99% | 5.25% | 5.34% | 5.81% |
HODL VanEck Bitcoin Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ANGL and HODL have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HODL has higher volatility (8.96%) compared to ANGL (0.96%). In terms of maximum drawdown, ANGL dropped -29.31% vs HODL's -53.20%.
On 1-year performance, ANGL leads with 6.30% vs -43.61% for HODL. Both ETFs have the same 0.25% expense ratio. On volatility, ANGL has been the lower-risk option at 0.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ANGL has performed better with a 6.30% return vs -43.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ANGL and HODL have the same expense ratio: 0.25% per year.
ANGL has the higher dividend yield at 6.55%, compared with 0.00% for HODL.
ANGL is categorized as High Yield Bonds, while HODL is Cryptocurrency. ANGL tracks ICE US Fallen Angel High Yield 10% Constrained Index, while HODL tracks CME CF Bitcoin Reference Rate - New York Variant.
ANGL currently has the higher Sharpe Ratio (1.46 vs -0.99), 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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