ANGL vs. SPFF
ANGL (VanEck Fallen Angel High Yield Bond ETF) and SPFF (Global X SuperIncome Preferred 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 SPFF is a Preferred Stock fund tracking the S&P Enhanced Yield North American Preferred Stock Index. Both are passively managed. Over the past 10 years, ANGL returned 5.78%/yr vs 2.80%/yr for SPFF. Their 0.46 correlation means their historical movements had little consistent relationship. ANGL charges 0.25%/yr vs 0.58%/yr for SPFF.
Performance
ANGL vs. SPFF - 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 SPFF's 5.42% return. Over the past 10 years, ANGL has outperformed SPFF with an annualized return of 5.78%, while SPFF has yielded a comparatively lower 2.80% annualized 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%
SPFF
- 1D
- 1.31%
- 1M
- 2.39%
- 6M
- 4.56%
- YTD
- 5.42%
- 1Y
- 11.46%
- 3Y*
- 8.68%
- 5Y*
- 1.59%
- 10Y*
- 2.80%
- ALL TIME*
- 3.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $25.84M | $20.61M | $19.38M | |
| $454.30K | $410.24K | $617.58K |
ANGL vs. SPFF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ANGL VanEck Fallen Angel High Yield Bond ETF | 2.11% | 9.04% | 6.06% | 12.52% | -14.26% | 6.84% | 13.20% | 18.06% | -5.84% | 9.71% |
SPFF Global X SuperIncome Preferred ETF | 5.42% | 7.52% | 8.62% | 3.00% | -14.29% | 5.15% | 6.91% | 13.04% | -2.55% | 1.80% |
Correlation
The correlation between ANGL and SPFF is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2012 | 0.46 |
The correlation between ANGL and SPFF shifts across timeframes, from 0.46 (all time) to 0.66 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ANGL vs. SPFF — Risk / Return Rank
ANGL
SPFF
ANGL vs. SPFF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Fallen Angel High Yield Bond ETF (ANGL) and Global X SuperIncome Preferred ETF (SPFF). 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 | SPFF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.19 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.52 | +0.04 |
| Martin ratioReturn relative to average drawdown | 6.43 | 4.18 | +2.25 |
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Drawdowns
ANGL vs. SPFF - Drawdown Comparison
The maximum ANGL drawdown since its inception was -29.31%, smaller than the maximum SPFF drawdown of -35.92%. Use the drawdown chart below to compare losses from any high point for ANGL and SPFF.
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Drawdown Indicators
| ANGL | SPFF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.31% | -35.92% | +6.61% |
Max Drawdown (1Y)Largest decline over 1 year | -4.05% | -7.58% | +3.53% |
Max Drawdown (3Y)Largest decline over 3 years | -5.48% | -12.51% | +7.03% |
Max Drawdown (5Y)Largest decline over 5 years | -19.25% | -22.88% | +3.63% |
Max Drawdown (10Y)Largest decline over 10 years | -29.31% | -35.92% | +6.61% |
Current DrawdownCurrent decline from peak | -0.55% | -1.59% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -4.05% | +0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 2.75% | -1.77% |
Volatility
ANGL vs. SPFF - Volatility Comparison
The current volatility for VanEck Fallen Angel High Yield Bond ETF (ANGL) is 0.96%, while Global X SuperIncome Preferred ETF (SPFF) has a volatility of 3.43%. This indicates that ANGL experiences smaller price fluctuations and is considered to be less risky than SPFF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANGL | SPFF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 3.43% | -2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | 8.08% | -4.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.35% | 10.15% | -5.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.64% | 11.13% | -3.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.23% | 13.56% | -4.33% |
ANGL vs. SPFF - Expense Ratio Comparison
ANGL has a 0.25% expense ratio, which is lower than SPFF's 0.58% expense ratio.
Dividends
ANGL vs. SPFF - Dividend Comparison
ANGL's dividend yield for the trailing twelve months is around 6.55%, which matches SPFF's 6.61% 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% |
SPFF Global X SuperIncome Preferred ETF | 6.61% | 6.47% | 6.39% | 6.64% | 7.15% | 5.78% | 5.75% | 5.97% | 7.60% | 7.24% | 7.04% | 7.50% |
Frequently Asked Questions
ANGL and SPFF have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPFF has higher volatility (3.43%) compared to ANGL (0.96%). In terms of maximum drawdown, ANGL dropped -29.31% vs SPFF's -35.92%.
On 10-year performance, ANGL leads with 5.78% vs 2.80% for SPFF. On fees, ANGL is cheaper at 0.25% per year. On volatility, ANGL has been the lower-risk option at 0.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, ANGL has performed better with a 5.78% return vs 2.80%. 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 0.58% for SPFF.
SPFF has the higher dividend yield at 6.61%, compared with 6.55% for ANGL.
ANGL is categorized as High Yield Bonds, while SPFF is Preferred Stock. ANGL tracks ICE US Fallen Angel High Yield 10% Constrained Index, while SPFF tracks S&P Enhanced Yield North American Preferred Stock Index. They also come from different issuers: VanEck and Global X. Their fees differ too: 0.25% for ANGL and 0.58% for SPFF.
ANGL currently has the higher Sharpe Ratio (1.46 vs 1.14), 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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