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

Key characteristics


ANGLIGSB
YTD Return5.26%4.52%
1Y Return11.26%7.94%
3Y Return (Ann)0.34%1.42%
5Y Return (Ann)4.83%2.03%
10Y Return (Ann)5.91%2.16%
Sharpe Ratio2.423.15
Sortino Ratio3.795.12
Omega Ratio1.471.66
Calmar Ratio1.222.01
Martin Ratio17.0421.07
Ulcer Index0.74%0.39%
Daily Std Dev5.10%2.61%
Max Drawdown-35.07%-13.38%
Current Drawdown-1.26%-1.00%

Correlation

-0.50.00.51.00.3

The correlation between ANGL and IGSB is 0.31, 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. IGSB - Performance Comparison

In the year-to-date period, ANGL achieves a 5.26% return, which is significantly higher than IGSB's 4.52% return. Over the past 10 years, ANGL has outperformed IGSB with an annualized return of 5.91%, while IGSB has yielded a comparatively lower 2.16% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-1.00%0.00%1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
3.67%
3.75%
ANGL
IGSB

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ANGL vs. IGSB - Expense Ratio Comparison

ANGL has a 0.35% expense ratio, which is higher than IGSB's 0.06% expense ratio.


ANGL
VanEck Vectors Fallen Angel High Yield Bond ETF
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%
Expense ratio chart for IGSB: current value at 0.06% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.06%

Risk-Adjusted Performance

ANGL vs. IGSB - 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 Short-Term Corporate Bond ETF (IGSB). 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.


ANGL
Sharpe ratio
The chart of Sharpe ratio for ANGL, currently valued at 2.42, compared to the broader market0.002.004.006.002.42
Sortino ratio
The chart of Sortino ratio for ANGL, currently valued at 3.79, compared to the broader market0.005.0010.003.79
Omega ratio
The chart of Omega ratio for ANGL, currently valued at 1.47, compared to the broader market1.001.502.002.503.001.47
Calmar ratio
The chart of Calmar ratio for ANGL, currently valued at 1.22, compared to the broader market0.005.0010.0015.0020.001.22
Martin ratio
The chart of Martin ratio for ANGL, currently valued at 17.04, compared to the broader market0.0020.0040.0060.0080.00100.00120.0017.04
IGSB
Sharpe ratio
The chart of Sharpe ratio for IGSB, currently valued at 3.15, compared to the broader market0.002.004.006.003.15
Sortino ratio
The chart of Sortino ratio for IGSB, currently valued at 5.12, compared to the broader market0.005.0010.005.12
Omega ratio
The chart of Omega ratio for IGSB, currently valued at 1.66, compared to the broader market1.001.502.002.503.001.66
Calmar ratio
The chart of Calmar ratio for IGSB, currently valued at 2.01, compared to the broader market0.005.0010.0015.0020.002.01
Martin ratio
The chart of Martin ratio for IGSB, currently valued at 21.07, compared to the broader market0.0020.0040.0060.0080.00100.00120.0021.07

ANGL vs. IGSB - Sharpe Ratio Comparison

The current ANGL Sharpe Ratio is 2.42, which is comparable to the IGSB Sharpe Ratio of 3.15. The chart below compares the historical Sharpe Ratios of ANGL and IGSB, 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 Ratio1.502.002.503.003.504.00JuneJulyAugustSeptemberOctoberNovember
2.42
3.15
ANGL
IGSB

Dividends

ANGL vs. IGSB - Dividend Comparison

ANGL's dividend yield for the trailing twelve months is around 6.14%, more than IGSB's 3.91% yield.


TTM20232022202120202019201820172016201520142013
ANGL
VanEck Vectors Fallen Angel High Yield Bond ETF
6.14%5.27%4.72%3.90%4.67%5.19%5.99%5.25%5.76%5.81%6.80%6.10%
IGSB
iShares Short-Term Corporate Bond ETF
3.91%3.26%2.06%1.82%2.36%3.06%2.46%1.65%1.45%1.18%0.94%1.17%

Drawdowns

ANGL vs. IGSB - Drawdown Comparison

The maximum ANGL drawdown since its inception was -35.07%, which is greater than IGSB's maximum drawdown of -13.38%. Use the drawdown chart below to compare losses from any high point for ANGL and IGSB. For additional features, visit the drawdowns tool.


-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.26%
-1.00%
ANGL
IGSB

Volatility

ANGL vs. IGSB - Volatility Comparison

VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) has a higher volatility of 1.08% compared to iShares Short-Term Corporate Bond ETF (IGSB) at 0.51%. This indicates that ANGL's price experiences larger fluctuations and is considered to be riskier than IGSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%JuneJulyAugustSeptemberOctoberNovember
1.08%
0.51%
ANGL
IGSB