ANGL vs. VWEAX
Compare and contrast key facts about VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX).
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. VWEAX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ANGL or VWEAX.
Performance
ANGL vs. VWEAX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with ANGL having a 6.03% return and VWEAX slightly higher at 6.09%. Over the past 10 years, ANGL has outperformed VWEAX with an annualized return of 6.15%, while VWEAX has yielded a comparatively lower 4.55% annualized return.
ANGL
6.03%
0.24%
4.94%
10.70%
5.09%
6.15%
VWEAX
6.09%
0.34%
5.31%
11.06%
3.82%
4.55%
Key characteristics
| ANGL | VWEAX | |
|---|---|---|
| Sharpe Ratio | 2.20 | 3.21 |
| Sortino Ratio | 3.37 | 5.38 |
| Omega Ratio | 1.42 | 1.80 |
| Calmar Ratio | 1.30 | 3.79 |
| Martin Ratio | 14.57 | 19.76 |
| Ulcer Index | 0.75% | 0.57% |
| Daily Std Dev | 4.93% | 3.52% |
| Max Drawdown | -35.07% | -30.03% |
| Current Drawdown | -0.69% | -0.57% |
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ANGL vs. VWEAX - Expense Ratio Comparison
ANGL has a 0.35% expense ratio, which is higher than VWEAX's 0.13% expense ratio.
Correlation
The correlation between ANGL and VWEAX is 0.48, 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. VWEAX - 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 Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX). 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. VWEAX - Dividend Comparison
ANGL's dividend yield for the trailing twelve months is around 6.09%, which matches VWEAX's 6.10% 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% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 6.10% | 5.79% | 5.20% | 4.24% | 4.72% | 5.32% | 6.10% | 5.42% | 5.49% | 5.99% | 5.71% | 5.89% |
Drawdowns
ANGL vs. VWEAX - Drawdown Comparison
The maximum ANGL drawdown since its inception was -35.07%, which is greater than VWEAX's maximum drawdown of -30.03%. Use the drawdown chart below to compare losses from any high point for ANGL and VWEAX. For additional features, visit the drawdowns tool.
Volatility
ANGL vs. VWEAX - Volatility Comparison
VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) has a higher volatility of 1.18% compared to Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) at 0.70%. This indicates that ANGL's price experiences larger fluctuations and is considered to be riskier than VWEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.