ANGL vs. SPY
Compare and contrast key facts about VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) and SPDR S&P 500 ETF (SPY).
ANGL and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both ANGL and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ANGL or SPY.
Performance
ANGL vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, ANGL achieves a 6.03% return, which is significantly lower than SPY's 26.08% return. Over the past 10 years, ANGL has underperformed SPY with an annualized return of 6.15%, while SPY has yielded a comparatively higher 13.10% annualized return.
ANGL
6.03%
0.24%
4.94%
10.70%
5.09%
6.15%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| ANGL | SPY | |
|---|---|---|
| Sharpe Ratio | 2.20 | 2.70 |
| Sortino Ratio | 3.37 | 3.60 |
| Omega Ratio | 1.42 | 1.50 |
| Calmar Ratio | 1.30 | 3.90 |
| Martin Ratio | 14.57 | 17.52 |
| Ulcer Index | 0.75% | 1.87% |
| Daily Std Dev | 4.93% | 12.14% |
| Max Drawdown | -35.07% | -55.19% |
| Current Drawdown | -0.69% | -0.85% |
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ANGL vs. SPY - Expense Ratio Comparison
ANGL has a 0.35% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between ANGL and SPY is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
ANGL vs. SPY - 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 SPDR S&P 500 ETF (SPY). 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.
Dividends
ANGL vs. SPY - Dividend Comparison
ANGL's dividend yield for the trailing twelve months is around 6.09%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF | 6.09% | 5.27% | 4.72% | 3.90% | 4.67% | 5.20% | 6.00% | 5.25% | 5.79% | 5.82% | 6.80% | 6.10% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
ANGL vs. SPY - Drawdown Comparison
The maximum ANGL drawdown since its inception was -35.07%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ANGL and SPY. For additional features, visit the drawdowns tool.
Volatility
ANGL vs. SPY - Volatility Comparison
The current volatility for VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) is 1.18%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.98%. This indicates that ANGL experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.