BLV vs. ANGL
BLV (Vanguard Long-Term Bond ETF) and ANGL (VanEck Fallen Angel High Yield Bond ETF) are both exchange-traded funds - BLV is a Long-Term Bond fund tracking the Bloomberg U.S. Long Government/Credit Float Adjusted Index, while ANGL is a High Yield Bonds fund tracking the ICE US Fallen Angel High Yield 10% Constrained Index. Both are passively managed. Over the past 10 years, BLV returned 0.32%/yr vs 5.78%/yr for ANGL. Their 0.24 correlation means their historical movements had little consistent relationship. BLV charges 0.03%/yr vs 0.25%/yr for ANGL.
Performance
BLV vs. ANGL - Performance Comparison
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Returns By Period
In the year-to-date period, BLV achieves a -2.38% return, which is significantly lower than ANGL's 2.11% return. Over the past 10 years, BLV has underperformed ANGL with an annualized return of 0.32%, while ANGL has yielded a comparatively higher 5.78% annualized return.
BLV
- 1D
- 0.44%
- 1M
- -3.14%
- 6M
- -2.34%
- YTD
- -2.38%
- 1Y
- -0.29%
- 3Y*
- 2.08%
- 5Y*
- -5.11%
- 10Y*
- 0.32%
- ALL TIME*
- 4.05%
ANGL
- 1D
- 0.34%
- 1M
- -0.48%
- 6M
- 1.23%
- YTD
- 2.11%
- 1Y
- 6.30%
- 3Y*
- 8.08%
- 5Y*
- 3.01%
- 10Y*
- 5.78%
- ALL TIME*
- 6.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $25.84M | $20.61M | $19.38M | |
| $51.99M | $52.76M | $45.16M |
BLV vs. ANGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BLV Vanguard Long-Term Bond ETF | -2.38% | 6.44% | -3.65% | 7.35% | -26.95% | -2.89% | 16.13% | 18.99% | -4.17% | 10.74% |
ANGL VanEck Fallen Angel High Yield Bond ETF | 2.11% | 9.04% | 6.06% | 12.52% | -14.26% | 6.84% | 13.20% | 18.06% | -5.84% | 9.71% |
Correlation
The correlation between BLV and ANGL is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.36 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2012 | 0.24 |
Over the past year, BLV and ANGL have become more correlated (0.64) than their long-term average of 0.24, meaning their price movements have been converging.
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Return for Risk
BLV vs. ANGL — Risk / Return Rank
BLV
ANGL
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 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BLV | ANGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.28 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 1.56 | -1.61 |
| Martin ratioReturn relative to average drawdown | -0.11 | 6.43 | -6.54 |
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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.
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Drawdown Indicators
| BLV | ANGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.29% | -29.31% | -8.98% |
Max Drawdown (1Y)Largest decline over 1 year | -5.92% | -4.05% | -1.87% |
Max Drawdown (3Y)Largest decline over 3 years | -11.70% | -5.48% | -6.22% |
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 DrawdownCurrent decline from peak | -26.16% | -0.55% | -25.61% |
Average DrawdownAverage peak-to-trough decline | -9.64% | -3.27% | -6.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 0.98% | +1.68% |
Volatility
BLV vs. ANGL - Volatility Comparison
Vanguard Long-Term Bond ETF (BLV) has a higher volatility of 2.19% compared to VanEck Fallen Angel High Yield Bond ETF (ANGL) at 0.96%. 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.
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Volatility by Period
| BLV | ANGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 0.96% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 5.97% | 3.63% | +2.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.77% | 4.35% | +3.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.91% | 7.64% | +5.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.95% | 9.23% | +2.72% |
BLV vs. ANGL - Expense Ratio Comparison
BLV has a 0.03% expense ratio, which is lower than ANGL's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BLV vs. ANGL - Dividend Comparison
BLV's dividend yield for the trailing twelve months is around 4.97%, less than ANGL's 6.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANGL VanEck Fallen Angel High Yield Bond ETF | 6.55% | 6.20% | 6.29% | 5.27% | 4.72% | 3.90% | 4.67% | 5.19% | 5.99% | 5.25% | 5.34% | 5.81% |
BLV Vanguard Long-Term Bond ETF | 4.97% | 4.67% | 5.09% | 4.06% | 4.17% | 3.37% | 6.12% | 3.57% | 4.07% | 3.63% | 4.16% | 4.37% |
Frequently Asked Questions
BLV and ANGL have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BLV has higher volatility (2.19%) compared to ANGL (0.96%). In terms of maximum drawdown, BLV dropped -38.29% vs ANGL's -29.31%.
On 10-year performance, ANGL leads with 5.78% vs 0.32% for BLV. On fees, BLV is cheaper at 0.03% per year. On volatility, ANGL has been the lower-risk option at 0.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, ANGL has performed better with a 5.78% return vs 0.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BLV is cheaper with a 0.03% expense ratio, compared with 0.25% for ANGL.
ANGL has the higher dividend yield at 6.55%, compared with 4.97% for BLV.
BLV is categorized as Long-Term Bond, while ANGL is High Yield Bonds. BLV tracks Bloomberg U.S. Long Government/Credit Float Adjusted Index, while ANGL tracks ICE US Fallen Angel High Yield 10% Constrained Index. They also come from different issuers: Vanguard and VanEck. Their fees differ too: 0.03% for BLV and 0.25% for ANGL.
ANGL currently has the higher Sharpe Ratio (1.46 vs -0.04), 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.
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