BHYB vs. ANGL
Compare and contrast key facts about Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) and VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL).
BHYB and ANGL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BHYB is a passively managed fund by Xtrackers that tracks the performance of the ICE BofA BB-B Non-FNCL Non-Distressed US HY Constrained Index - Benchmark TR Gross. It was launched on Oct 26, 2023. 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. Both BHYB and ANGL 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: BHYB or ANGL.
Key characteristics
| BHYB | ANGL | |
|---|---|---|
| YTD Return | 6.31% | 5.95% |
| Daily Std Dev | 4.95% | 5.80% |
| Max Drawdown | -2.07% | -35.07% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between BHYB and ANGL is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BHYB vs. ANGL - Performance Comparison
In the year-to-date period, BHYB achieves a 6.31% return, which is significantly higher than ANGL's 5.95% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BHYB vs. ANGL - Expense Ratio Comparison
BHYB has a 0.20% expense ratio, which is lower than ANGL's 0.35% expense ratio.
Risk-Adjusted Performance
BHYB vs. ANGL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) and VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL). 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.
Not enough dataDividends
BHYB vs. ANGL - Dividend Comparison
BHYB's dividend yield for the trailing twelve months is around 5.30%, less than ANGL's 5.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 5.30% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF | 5.93% | 5.27% | 4.72% | 3.90% | 4.67% | 5.19% | 5.99% | 5.25% | 5.76% | 5.81% | 6.80% | 6.10% |
Drawdowns
BHYB vs. ANGL - Drawdown Comparison
The maximum BHYB drawdown since its inception was -2.07%, smaller than the maximum ANGL drawdown of -35.07%. Use the drawdown chart below to compare losses from any high point for BHYB and ANGL. For additional features, visit the drawdowns tool.
Volatility
BHYB vs. ANGL - Volatility Comparison
The current volatility for Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) is 0.89%, while VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) has a volatility of 1.01%. This indicates that BHYB experiences smaller price fluctuations and is considered to be less risky than ANGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.