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ANGL vs. HYG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

ANGL vs. HYG - 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 iShares iBoxx $ High Yield Corporate Bond ETF (HYG). The values are adjusted to include any dividend payments, if applicable.

0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
4.49%
6.78%
ANGL
HYG

Returns By Period

In the year-to-date period, ANGL achieves a 6.03% return, which is significantly lower than HYG's 8.63% return. Over the past 10 years, ANGL has outperformed HYG with an annualized return of 6.15%, while HYG has yielded a comparatively lower 3.95% annualized return.


ANGL

YTD

6.03%

1M

0.24%

6M

4.94%

1Y

10.70%

5Y (annualized)

5.09%

10Y (annualized)

6.15%

HYG

YTD

8.63%

1M

0.68%

6M

7.16%

1Y

13.04%

5Y (annualized)

3.63%

10Y (annualized)

3.95%

Key characteristics


ANGLHYG
Sharpe Ratio2.202.85
Sortino Ratio3.374.44
Omega Ratio1.421.55
Calmar Ratio1.302.68
Martin Ratio14.5721.35
Ulcer Index0.75%0.62%
Daily Std Dev4.93%4.65%
Max Drawdown-35.07%-34.24%
Current Drawdown-0.69%-0.36%

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ANGL vs. HYG - Expense Ratio Comparison

ANGL has a 0.35% expense ratio, which is lower than HYG's 0.49% expense ratio.


HYG
iShares iBoxx $ High Yield Corporate Bond ETF
Expense ratio chart for HYG: current value at 0.49% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.49%
Expense ratio chart for ANGL: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%

Correlation

-0.50.00.51.00.7

The correlation between ANGL and HYG is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Risk-Adjusted Performance

ANGL vs. HYG - 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 iBoxx $ High Yield Corporate Bond ETF (HYG). 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.


Sharpe ratio
The chart of Sharpe ratio for ANGL, currently valued at 2.20, compared to the broader market0.002.004.002.202.85
The chart of Sortino ratio for ANGL, currently valued at 3.37, compared to the broader market-2.000.002.004.006.008.0010.003.374.44
The chart of Omega ratio for ANGL, currently valued at 1.42, compared to the broader market0.501.001.502.002.503.001.421.55
The chart of Calmar ratio for ANGL, currently valued at 1.30, compared to the broader market0.005.0010.0015.001.302.68
The chart of Martin ratio for ANGL, currently valued at 14.57, compared to the broader market0.0020.0040.0060.0080.00100.0014.5721.35
ANGL
HYG

The current ANGL Sharpe Ratio is 2.20, which is comparable to the HYG Sharpe Ratio of 2.85. The chart below compares the historical Sharpe Ratios of ANGL and HYG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.20
2.85
ANGL
HYG

Dividends

ANGL vs. HYG - Dividend Comparison

ANGL's dividend yield for the trailing twelve months is around 6.09%, more than HYG's 5.88% yield.


TTM20232022202120202019201820172016201520142013
ANGL
VanEck Vectors Fallen Angel High Yield Bond ETF
6.09%5.27%4.72%3.90%4.67%5.20%6.00%5.25%5.79%5.82%6.80%6.10%
HYG
iShares iBoxx $ High Yield Corporate Bond ETF
5.88%5.75%5.30%4.02%4.88%4.99%5.54%5.12%5.27%5.90%5.69%6.10%

Drawdowns

ANGL vs. HYG - Drawdown Comparison

The maximum ANGL drawdown since its inception was -35.07%, roughly equal to the maximum HYG drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for ANGL and HYG. For additional features, visit the drawdowns tool.


-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.69%
-0.36%
ANGL
HYG

Volatility

ANGL vs. HYG - Volatility Comparison

VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) has a higher volatility of 1.18% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 0.97%. This indicates that ANGL's price experiences larger fluctuations and is considered to be riskier than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.80%1.00%1.20%1.40%1.60%JuneJulyAugustSeptemberOctoberNovember
1.18%
0.97%
ANGL
HYG