ANGL vs. RPV
ANGL (VanEck Fallen Angel High Yield Bond ETF) and RPV (Invesco S&P 500® Pure Value ETF) are both exchange-traded funds - ANGL is a High Yield Bonds fund tracking the ICE US Fallen Angel High Yield 10% Constrained Index, while RPV is a Large Cap Value Equities fund tracking the S&P 500 Pure Value Index. Both are passively managed. Over the past 10 years, ANGL returned 5.77%/yr vs 10.80%/yr for RPV. At a 0.43 correlation, their price movements are largely independent. ANGL charges 0.25%/yr vs 0.35%/yr for RPV.
Performance
ANGL vs. RPV - Performance Comparison
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Returns By Period
In the year-to-date period, ANGL achieves a 2.15% return, which is significantly lower than RPV's 15.44% return. Over the past 10 years, ANGL has underperformed RPV with an annualized return of 5.77%, while RPV has yielded a comparatively higher 10.80% annualized return.
ANGL
- 1D
- -0.07%
- 1M
- 0.07%
- 6M
- 1.41%
- YTD
- 2.15%
- 1Y
- 6.47%
- 3Y*
- 8.07%
- 5Y*
- 3.04%
- 10Y*
- 5.77%
- ALL TIME*
- 6.80%
RPV
- 1D
- -0.34%
- 1M
- 5.03%
- 6M
- 11.18%
- YTD
- 15.44%
- 1Y
- 29.71%
- 3Y*
- 16.65%
- 5Y*
- 12.09%
- 10Y*
- 10.80%
- ALL TIME*
- 9.43%
ANGL vs. RPV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ANGL VanEck Fallen Angel High Yield Bond ETF | 2.15% | 9.04% | 6.06% | 12.52% | -14.26% | 6.84% | 13.20% | 18.06% | -5.84% | 9.71% |
RPV Invesco S&P 500® Pure Value ETF | 15.44% | 17.70% | 12.41% | 7.98% | -1.27% | 34.22% | -8.69% | 24.80% | -12.31% | 17.30% |
Correlation
The correlation between ANGL and RPV is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2012 | 0.43 |
The correlation between ANGL and RPV has been stable across timeframes, ranging from 0.43 to 0.53 - a consistent structural relationship.
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Return for Risk
ANGL vs. RPV — Risk / Return Rank
ANGL
RPV
ANGL vs. RPV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Fallen Angel High Yield Bond ETF (ANGL) and Invesco S&P 500® Pure Value ETF (RPV). 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 | RPV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.41 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 3.86 | -2.25 |
| Martin ratioReturn relative to average drawdown | 6.73 | 13.42 | -6.69 |
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Drawdowns
ANGL vs. RPV - Drawdown Comparison
The maximum ANGL drawdown since its inception was -29.31%, smaller than the maximum RPV drawdown of -75.32%. Use the drawdown chart below to compare losses from any high point for ANGL and RPV.
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Drawdown Indicators
| ANGL | RPV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.31% | -75.32% | +46.01% |
Max Drawdown (1Y)Largest decline over 1 year | -4.05% | -7.74% | +3.69% |
Max Drawdown (3Y)Largest decline over 3 years | -5.48% | -15.50% | +10.02% |
Max Drawdown (5Y)Largest decline over 5 years | -19.25% | -22.64% | +3.39% |
Max Drawdown (10Y)Largest decline over 10 years | -29.31% | -50.67% | +21.36% |
Current DrawdownCurrent decline from peak | -0.51% | -0.34% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -10.63% | +7.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 2.22% | -1.26% |
Volatility
ANGL vs. RPV - Volatility Comparison
The current volatility for VanEck Fallen Angel High Yield Bond ETF (ANGL) is 0.74%, while Invesco S&P 500® Pure Value ETF (RPV) has a volatility of 2.57%. This indicates that ANGL experiences smaller price fluctuations and is considered to be less risky than RPV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANGL | RPV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 2.57% | -1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 3.58% | 8.32% | -4.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.31% | 12.62% | -8.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.63% | 17.61% | -9.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.23% | 21.80% | -12.57% |
ANGL vs. RPV - Expense Ratio Comparison
ANGL has a 0.25% expense ratio, which is lower than RPV's 0.35% expense ratio.
Dividends
ANGL vs. RPV - Dividend Comparison
ANGL's dividend yield for the trailing twelve months is around 6.46%, more than RPV's 2.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANGL VanEck Fallen Angel High Yield Bond ETF | 6.46% | 6.20% | 6.29% | 5.27% | 4.72% | 3.90% | 4.67% | 5.19% | 5.99% | 5.25% | 5.34% | 5.81% |
RPV Invesco S&P 500® Pure Value ETF | 2.30% | 2.50% | 2.16% | 2.38% | 2.29% | 1.92% | 2.11% | 2.28% | 2.49% | 1.73% | 1.73% | 2.39% |
Frequently Asked Questions
ANGL and RPV have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RPV has higher volatility (2.57%) compared to ANGL (0.74%). In terms of maximum drawdown, ANGL dropped -29.31% vs RPV's -75.32%.
On 10-year performance, RPV leads with 10.80% vs 5.77% for ANGL. On fees, ANGL is cheaper at 0.25% per year. On volatility, ANGL has been the lower-risk option at 0.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, RPV has performed better with a 10.80% return vs 5.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ANGL is cheaper with a 0.25% expense ratio, compared with 0.35% for RPV.
ANGL has the higher dividend yield at 6.46%, compared with 2.30% for RPV.
ANGL is categorized as High Yield Bonds, while RPV is Large Cap Value Equities. ANGL tracks ICE US Fallen Angel High Yield 10% Constrained Index, while RPV tracks S&P 500 Pure Value Index. They also come from different issuers: VanEck and Invesco. Their fees differ too: 0.25% for ANGL and 0.35% for RPV.
RPV currently has the higher Sharpe Ratio (2.37 vs 1.51), 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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