ANGL vs. XLP

Last updated Jun 9, 2026

ANGL (VanEck Vectors Fallen Angel High Yield Bond ETF) and XLP (State Street Consumer Staples Select Sector SPDR ETF) are both exchange-traded funds - ANGL is a High Yield Bonds fund tracking the BofA Merrill Lynch US Fallen Angel High Yield Index, while XLP is a Consumer Staples Equities fund tracking the Consumer Staples Select Sector Index. Both are passively managed. Over the past 10 years, ANGL returned 6.13%/yr vs 7.21%/yr for XLP. At a 0.32 correlation, their price movements are largely independent. ANGL charges 0.35%/yr vs 0.08%/yr for XLP.

Performance

ANGL vs. XLP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) and State Street Consumer Staples Select Sector SPDR ETF (XLP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ANGL achieves a 1.27% return, which is significantly lower than XLP's 7.54% return. Over the past 10 years, ANGL has underperformed XLP with an annualized return of 6.13%, while XLP has yielded a comparatively higher 7.21% annualized return.

ANGL

• 1D: 0.03%
• 1M: -0.23%
• YTD: 1.27%
• 6M: 1.74%
• 1Y: 7.79%
• 3Y*: 8.23%
• 5Y*: 3.26%
• 10Y*: 6.13%

XLP

• 1D: -0.44%
• 1M: -1.32%
• YTD: 7.54%
• 6M: 8.22%
• 1Y: 4.50%
• 3Y*: 7.23%
• 5Y*: 6.10%
• 10Y*: 7.21%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ANGL vs. XLP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF	1.27%	9.04%	6.06%	12.52%	-14.26%	6.84%	13.20%	18.06%	-5.84%	9.71%
XLP State Street Consumer Staples Select Sector SPDR ETF	7.54%	1.52%	12.20%	-0.82%	-0.81%	17.20%	10.11%	27.43%	-8.07%	12.98%

Correlation

The correlation between ANGL and XLP is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (10Y) Calculated over the trailing 10-year period	0.37
Correlation (All Time) Calculated using the full available price history since Apr 12, 2012	0.32

The correlation between ANGL and XLP shifts across timeframes, from 0.18 (1 year) to 0.37 (10 years), reflecting how their relationship changes across market environments.

ANGL vs. XLP - Sectors Allocation Comparison

Sectors	ANGL	XLP
Financial Services	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	1.0%
Consumer Defensive	-	99.0%
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

ANGL vs. XLP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ANGL

ANGL Risk / Return Rank: 56
ANGL Sharpe Ratio Rank: 60
ANGL Sortino Ratio Rank: 61
ANGL Omega Ratio Rank: 65
ANGL Calmar Ratio Rank: 43
ANGL Martin Ratio Rank: 52

XLP

XLP Risk / Return Rank: 15
XLP Sharpe Ratio Rank: 15
XLP Sortino Ratio Rank: 15
XLP Omega Ratio Rank: 14
XLP Calmar Ratio Rank: 15
XLP Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ANGL vs. XLP - 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 State Street Consumer Staples Select Sector SPDR ETF (XLP). 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	XLP	Difference
Sharpe ratio: Return per unit of total volatility	1.81	0.36	+1.45
Sortino ratio: Return per unit of downside risk	2.58	0.60	+1.98
Omega ratio: Gain probability vs. loss probability	1.35	1.07	+0.28
Calmar ratio: Return relative to maximum drawdown	1.93	0.47	+1.46
Martin ratio: Return relative to average drawdown	8.09	0.91	+7.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ANGL vs. XLP - Sharpe Ratio Comparison

The current ANGL Sharpe Ratio is 1.81, which is higher than the XLP Sharpe Ratio of 0.36. The chart below compares the historical Sharpe Ratios of ANGL and XLP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ANGL	XLP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	0.36	+1.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.46	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	0.49	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.44	+0.30

Drawdowns

ANGL vs. XLP - Drawdown Comparison

The maximum ANGL drawdown since its inception was -29.31%, smaller than the maximum XLP drawdown of -35.90%. Use the drawdown chart below to compare losses from any high point for ANGL and XLP.

Drawdown Indicators

	ANGL	XLP	Difference
Max Drawdown Largest peak-to-trough decline	-29.31%	-35.90%	+6.59%
Max Drawdown (1Y) Largest decline over 1 year	-4.05%	-9.69%	+5.64%
Max Drawdown (3Y) Largest decline over 3 years	-5.48%	-12.39%	+6.91%
Max Drawdown (5Y) Largest decline over 5 years	-19.25%	-16.30%	-2.95%
Max Drawdown (10Y) Largest decline over 10 years	-29.31%	-24.51%	-4.80%
Current Drawdown Current decline from peak	-0.58%	-7.19%	+6.61%
Average Drawdown Average peak-to-trough decline	-3.30%	-7.06%	+3.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	4.97%	-4.01%

Volatility

ANGL vs. XLP - Volatility Comparison

The current volatility for VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) is 1.35%, while State Street Consumer Staples Select Sector SPDR ETF (XLP) has a volatility of 4.30%. This indicates that ANGL experiences smaller price fluctuations and is considered to be less risky than XLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANGL	XLP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.35%	4.30%	-2.95%
Volatility (6M) Calculated over the trailing 6-month period	3.50%	9.97%	-6.47%
Volatility (1Y) Calculated over the trailing 1-year period	4.34%	12.75%	-8.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.63%	13.31%	-5.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.28%	14.74%	-5.46%

ANGL vs. XLP - Expense Ratio Comparison

ANGL has a 0.35% expense ratio, which is higher than XLP's 0.08% expense ratio.

Dividends

ANGL vs. XLP - Dividend Comparison

ANGL's dividend yield for the trailing twelve months is around 6.39%, more than XLP's 2.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF	6.39%	6.20%	6.29%	5.27%	4.72%	3.90%	4.67%	5.19%	5.99%	5.25%	5.34%	5.81%
XLP State Street Consumer Staples Select Sector SPDR ETF	2.62%	2.75%	2.77%	2.63%	2.47%	2.28%	2.50%	2.57%	3.04%	2.62%	2.53%	2.52%

Frequently Asked Questions

Can I hold both ANGL and XLP in my portfolio?

ANGL and XLP have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ANGL or XLP?

XLP has higher volatility (4.30%) compared to ANGL (1.35%). In terms of maximum drawdown, ANGL dropped -29.31% vs XLP's -35.90%.

Which ETF is better, ANGL or XLP?

On 10-year performance, XLP leads with 7.21% vs 6.13% for ANGL. On fees, XLP is cheaper at 0.08% per year. On volatility, ANGL has been the lower-risk option at 1.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ANGL or XLP?

Over the 10-year period, XLP has performed better with a 7.21% return vs 6.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ANGL or XLP?

XLP is cheaper with a 0.08% expense ratio, compared with 0.35% for ANGL.

Which ETF pays a higher dividend yield, ANGL or XLP?

ANGL has the higher dividend yield at 6.39%, compared with 2.62% for XLP.

What is the main difference between ANGL and XLP?

ANGL is categorized as High Yield Bonds, while XLP is Consumer Staples Equities. ANGL tracks BofA Merrill Lynch US Fallen Angel High Yield Index, while XLP tracks Consumer Staples Select Sector Index. They also come from different issuers: VanEck and State Street. Their fees differ too: 0.35% for ANGL and 0.08% for XLP.

Which has better risk-adjusted returns?

ANGL currently has the higher Sharpe Ratio (1.81 vs 0.36), 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.