ANGL vs. PSH
Compare and contrast key facts about VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) and PGIM Short Duration High Yield ETF (PSH).
ANGL and PSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ANGL is a passively managed fund by VanEck that tracks the performance of the BofA Merrill Lynch US Fallen Angel High Yield Index. It was launched on Apr 10, 2012. PSH is an actively managed fund by PGIM. It was launched on Dec 14, 2023.
Performance
ANGL vs. PSH - Performance Comparison
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ANGL vs. PSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF | -1.20% | 9.04% | 6.06% | -0.39% |
PSH PGIM Short Duration High Yield ETF | 0.41% | 7.34% | 7.96% | 0.38% |
Returns By Period
In the year-to-date period, ANGL achieves a -1.20% return, which is significantly lower than PSH's 0.41% return.
ANGL
- 1D
- 1.06%
- 1M
- -2.61%
- YTD
- -1.20%
- 6M
- -0.35%
- 1Y
- 5.95%
- 3Y*
- 7.14%
- 5Y*
- 3.18%
- 10Y*
- 6.66%
PSH
- 1D
- 1.05%
- 1M
- 0.01%
- YTD
- 0.41%
- 6M
- 1.51%
- 1Y
- 6.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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ANGL vs. PSH - Expense Ratio Comparison
ANGL has a 0.35% expense ratio, which is lower than PSH's 0.45% expense ratio.
Return for Risk
ANGL vs. PSH — Risk / Return Rank
ANGL
PSH
ANGL vs. PSH - 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 PGIM Short Duration High Yield ETF (PSH). 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 | PSH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 1.61 | -0.69 |
Sortino ratioReturn per unit of downside risk | 1.29 | 2.42 | -1.14 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.38 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 2.26 | -1.11 |
Martin ratioReturn relative to average drawdown | 4.78 | 10.56 | -5.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ANGL | PSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 1.61 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 2.16 | -1.44 |
Correlation
The correlation between ANGL and PSH is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ANGL vs. PSH - Dividend Comparison
ANGL's dividend yield for the trailing twelve months is around 6.37%, less than PSH's 7.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF | 6.37% | 6.20% | 6.29% | 5.27% | 4.72% | 3.90% | 4.67% | 5.19% | 5.99% | 5.25% | 5.34% | 5.81% |
PSH PGIM Short Duration High Yield ETF | 7.61% | 6.62% | 8.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ANGL vs. PSH - Drawdown Comparison
The maximum ANGL drawdown since its inception was -29.31%, which is greater than PSH's maximum drawdown of -3.06%. Use the drawdown chart below to compare losses from any high point for ANGL and PSH.
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Drawdown Indicators
| ANGL | PSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.31% | -3.06% | -26.25% |
Max Drawdown (1Y)Largest decline over 1 year | -5.28% | -2.84% | -2.44% |
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 | -3.00% | -0.30% | -2.70% |
Average DrawdownAverage peak-to-trough decline | -3.33% | -0.27% | -3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.27% | 0.61% | +0.66% |
Volatility
ANGL vs. PSH - Volatility Comparison
VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) has a higher volatility of 2.59% compared to PGIM Short Duration High Yield ETF (PSH) at 1.55%. This indicates that ANGL's price experiences larger fluctuations and is considered to be riskier than PSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANGL | PSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 1.55% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.34% | 1.98% | +1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.51% | 3.93% | +2.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.60% | 3.30% | +4.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.30% | 3.30% | +6.00% |