ANGL vs. NHYB
ANGL (VanEck Fallen Angel High Yield Bond ETF) and NHYB (Nuveen High Yield Corporate Bond ETF) are both High Yield Bonds funds - ANGL tracks the ICE US Fallen Angel High Yield 10% Constrained Index while NHYB tracks the ICE BofA BB-B US Cash Pay High Yield Constrained Index. Both are passively managed. Their correlation of 0.88 means they have usually moved in the same direction. ANGL charges 0.25%/yr vs 0.08%/yr for NHYB.
Performance
ANGL vs. NHYB - Performance Comparison
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Returns By Period
In the year-to-date period, ANGL achieves a 2.11% return, which is significantly lower than NHYB's 2.25% 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%
NHYB
- 1D
- 0.26%
- 1M
- -0.07%
- 6M
- 1.54%
- YTD
- 2.25%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $25.84M | $20.61M | $19.38M | |
| $2.61M | $1.34M | $2.01M |
ANGL vs. NHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ANGL VanEck Fallen Angel High Yield Bond ETF | 2.11% | 0.89% |
NHYB Nuveen High Yield Corporate Bond ETF | 2.25% | 1.24% |
Correlation
The correlation between ANGL and NHYB is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025 | 0.88 |
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Return for Risk
ANGL vs. NHYB — Risk / Return Rank
ANGL
NHYB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ANGL vs. NHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Fallen Angel High Yield Bond ETF (ANGL) and Nuveen High Yield Corporate Bond ETF (NHYB). 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 | NHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.28 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | — | — |
| Martin ratioReturn relative to average drawdown | 6.43 | — | — |
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Drawdowns
ANGL vs. NHYB - Drawdown Comparison
The maximum ANGL drawdown since its inception was -29.31%, which is greater than NHYB's maximum drawdown of -2.40%. Use the drawdown chart below to compare losses from any high point for ANGL and NHYB.
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Drawdown Indicators
| ANGL | NHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.31% | -2.40% | -26.91% |
Max Drawdown (1Y)Largest decline over 1 year | -4.05% | — | — |
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% | -0.15% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -0.35% | -2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | — | — |
Volatility
ANGL vs. NHYB - Volatility Comparison
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Volatility by Period
| ANGL | NHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.35% | 3.50% | +0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.64% | 3.50% | +4.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.23% | 3.50% | +5.73% |
ANGL vs. NHYB - Expense Ratio Comparison
ANGL has a 0.25% expense ratio, which is higher than NHYB's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ANGL vs. NHYB - Dividend Comparison
ANGL's dividend yield for the trailing twelve months is around 6.55%, more than NHYB's 5.45% yield.
| 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% |
NHYB Nuveen High Yield Corporate Bond ETF | 5.45% | 1.28% | 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 NHYB have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NHYB is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NHYB is cheaper with a 0.08% expense ratio, compared with 0.25% for ANGL.
ANGL has the higher dividend yield at 6.55%, compared with 5.45% for NHYB.
ANGL tracks ICE US Fallen Angel High Yield 10% Constrained Index, while NHYB tracks ICE BofA BB-B US Cash Pay High Yield Constrained Index. They also come from different issuers: VanEck and Nuveen. Their fees differ too: 0.25% for ANGL and 0.08% for NHYB.
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