ANGL vs. ^VIX
Compare and contrast key facts about VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) and CBOE Volatility Index (^VIX).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ANGL or ^VIX.
Correlation
The correlation between ANGL and ^VIX 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.
Performance
ANGL vs. ^VIX - Performance Comparison
Key characteristics
ANGL:
0.98
^VIX:
0.58
ANGL:
1.39
^VIX:
2.28
ANGL:
1.21
^VIX:
1.28
ANGL:
1.18
^VIX:
1.17
ANGL:
5.92
^VIX:
2.18
ANGL:
1.09%
^VIX:
45.88%
ANGL:
6.60%
^VIX:
171.20%
ANGL:
-35.07%
^VIX:
-88.70%
ANGL:
-2.01%
^VIX:
-67.99%
Returns By Period
In the year-to-date period, ANGL achieves a 0.22% return, which is significantly lower than ^VIX's 52.56% return. Over the past 10 years, ANGL has underperformed ^VIX with an annualized return of 5.68%, while ^VIX has yielded a comparatively higher 7.02% annualized return.
ANGL
0.22%
-1.88%
0.60%
6.45%
6.54%
5.68%
^VIX
52.56%
54.34%
38.73%
65.75%
-5.73%
7.02%
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Risk-Adjusted Performance
ANGL vs. ^VIX — Risk-Adjusted Performance Rank
ANGL
^VIX
ANGL vs. ^VIX - 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 CBOE Volatility Index (^VIX). 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.
Drawdowns
ANGL vs. ^VIX - Drawdown Comparison
The maximum ANGL drawdown since its inception was -35.07%, smaller than the maximum ^VIX drawdown of -88.70%. Use the drawdown chart below to compare losses from any high point for ANGL and ^VIX. For additional features, visit the drawdowns tool.
Volatility
ANGL vs. ^VIX - Volatility Comparison
The current volatility for VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) is 5.02%, while CBOE Volatility Index (^VIX) has a volatility of 82.11%. This indicates that ANGL experiences smaller price fluctuations and is considered to be less risky than ^VIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.