BLV vs. ANGL

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard Long-Term Bond ETF (BLV) and VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL).

BLV and ANGL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BLV is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Long Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007. 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 BLV 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.

Performance

BLV vs. ANGL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Long-Term Bond ETF (BLV) and VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL). The values are adjusted to include any dividend payments, if applicable.

BLV vs. ANGL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BLV Vanguard Long-Term Bond ETF	-0.32%	6.44%	-3.65%	7.35%	-26.95%	-2.89%	16.13%	18.99%	-4.17%	10.74%
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF	-1.20%	9.04%	6.06%	12.52%	-14.26%	6.84%	13.20%	18.06%	-5.84%	9.71%

Returns By Period

In the year-to-date period, BLV achieves a -0.32% return, which is significantly higher than ANGL's -1.20% return. Over the past 10 years, BLV has underperformed ANGL with an annualized return of 1.20%, while ANGL has yielded a comparatively higher 6.66% annualized return.

BLV

• 1D: 0.36%
• 1M: -3.51%
• YTD: -0.32%
• 6M: -0.68%
• 1Y: 2.33%
• 3Y*: 1.01%
• 5Y*: -3.05%
• 10Y*: 1.20%

ANGL

• 1D: 1.06%
• 1M: -2.61%
• YTD: -1.20%
• 6M: -0.35%
• 1Y: 5.95%
• 3Y*: 7.14%
• 5Y*: 3.18%
• 10Y*: 6.66%

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

BLV vs. ANGL - Expense Ratio Comparison

BLV has a 0.03% expense ratio, which is lower than ANGL's 0.35% expense ratio.

ANGL

VanEck Vectors Fallen Angel High Yield Bond ETF

BLV

Vanguard Long-Term Bond ETF

Return for Risk

BLV vs. ANGL — Risk / Return Rank

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

BLV

BLV Risk / Return Rank: 19
BLV Sharpe Ratio Rank: 19
BLV Sortino Ratio Rank: 17
BLV Omega Ratio Rank: 17
BLV Calmar Ratio Rank: 23
BLV Martin Ratio Rank: 20

ANGL

ANGL Risk / Return Rank: 54
ANGL Sharpe Ratio Rank: 54
ANGL Sortino Ratio Rank: 51
ANGL Omega Ratio Rank: 62
ANGL Calmar Ratio Rank: 48
ANGL Martin Ratio Rank: 53

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.

BLV vs. ANGL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Bond ETF (BLV) 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.

	BLV	ANGL	Difference
Sharpe ratio Return per unit of total volatility	0.24	0.92	-0.68
Sortino ratio Return per unit of downside risk	0.38	1.29	-0.90
Omega ratio Gain probability vs. loss probability	1.05	1.22	-0.17
Calmar ratio Return relative to maximum drawdown	0.43	1.15	-0.72
Martin ratio Return relative to average drawdown	1.04	4.78	-3.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BLV vs. ANGL - Sharpe Ratio Comparison

The current BLV Sharpe Ratio is 0.24, which is lower than the ANGL Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of BLV and ANGL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BLV	ANGL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.24	0.92	-0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.24	0.42	-0.66
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.10	0.72	-0.62
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.72	-0.35

Correlation

The correlation between BLV and ANGL is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BLV vs. ANGL - Dividend Comparison

BLV's dividend yield for the trailing twelve months is around 4.73%, less than ANGL's 6.37% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BLV Vanguard Long-Term Bond ETF	4.73%	4.67%	5.09%	4.06%	4.17%	3.37%	6.12%	3.57%	4.07%	3.63%	4.16%	4.37%
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF	6.37%	6.20%	6.29%	5.27%	4.72%	3.90%	4.67%	5.19%	5.99%	5.25%	5.34%	5.81%

Drawdowns

BLV vs. ANGL - Drawdown Comparison

The maximum BLV drawdown since its inception was -38.29%, which is greater than ANGL's maximum drawdown of -29.31%. Use the drawdown chart below to compare losses from any high point for BLV and ANGL.

Drawdown Indicators

	BLV	ANGL	Difference
Max Drawdown Largest peak-to-trough decline	-38.29%	-29.31%	-8.98%
Max Drawdown (1Y) Largest decline over 1 year	-6.89%	-5.28%	-1.61%
Max Drawdown (5Y) Largest decline over 5 years	-36.27%	-19.25%	-17.02%
Max Drawdown (10Y) Largest decline over 10 years	-38.29%	-29.31%	-8.98%
Current Drawdown Current decline from peak	-24.59%	-3.00%	-21.59%
Average Drawdown Average peak-to-trough decline	-9.37%	-3.33%	-6.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	1.27%	+1.57%

Volatility

BLV vs. ANGL - Volatility Comparison

Vanguard Long-Term Bond ETF (BLV) has a higher volatility of 3.54% compared to VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) at 2.59%. This indicates that BLV's price experiences larger fluctuations and is considered to be riskier than ANGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLV	ANGL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.54%	2.59%	+0.95%
Volatility (6M) Calculated over the trailing 6-month period	5.50%	3.34%	+2.16%
Volatility (1Y) Calculated over the trailing 1-year period	9.77%	6.51%	+3.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.98%	7.60%	+5.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.99%	9.30%	+2.69%