GHYG vs. ANGL
GHYG (iShares US & Intl High Yield Corp Bond ETF) and ANGL (VanEck Fallen Angel High Yield Bond ETF) are both High Yield Bonds funds - GHYG tracks the Markit iBoxx Global Developed Markets High Yield Index while ANGL tracks the ICE US Fallen Angel High Yield 10% Constrained Index. Both are passively managed. Over the past 10 years, GHYG returned 4.63%/yr vs 5.85%/yr for ANGL. Their 0.57 correlation means they have sometimes moved together and sometimes differently. GHYG charges 0.40%/yr vs 0.25%/yr for ANGL.
Performance
GHYG vs. ANGL - Performance Comparison
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Returns By Period
In the year-to-date period, GHYG achieves a 0.94% return, which is significantly lower than ANGL's 1.76% return. Over the past 10 years, GHYG has underperformed ANGL with an annualized return of 4.63%, while ANGL has yielded a comparatively higher 5.85% annualized return.
GHYG
- 1D
- 0.00%
- 1M
- 0.41%
- 6M
- 0.14%
- YTD
- 0.94%
- 1Y
- 4.30%
- 3Y*
- 8.24%
- 5Y*
- 3.34%
- 10Y*
- 4.63%
- ALL TIME*
- 4.55%
ANGL
- 1D
- -0.03%
- 1M
- -0.82%
- 6M
- 0.99%
- YTD
- 1.76%
- 1Y
- 5.94%
- 3Y*
- 7.84%
- 5Y*
- 2.87%
- 10Y*
- 5.85%
- ALL TIME*
- 6.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $23.07M | $20.69M | $19.68M | |
| $1.17M | $1.68M | $1.13M |
GHYG vs. ANGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GHYG iShares US & Intl High Yield Corp Bond ETF | 0.94% | 11.28% | 5.85% | 13.29% | -12.15% | 1.62% | 6.68% | 13.47% | -3.79% | 8.97% |
ANGL VanEck Fallen Angel High Yield Bond ETF | 1.76% | 9.04% | 6.06% | 12.52% | -14.26% | 6.84% | 13.20% | 18.06% | -5.84% | 9.71% |
Correlation
The correlation between GHYG and ANGL is 0.78, 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. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2012 | 0.57 |
Over the past year, GHYG and ANGL have become more correlated (0.78) than their long-term average of 0.57, meaning their price movements have been converging.
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Return for Risk
GHYG vs. ANGL — Risk / Return Rank
GHYG
ANGL
GHYG vs. ANGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US & Intl High Yield Corp Bond ETF (GHYG) 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.
| GHYG | ANGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.26 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 1.44 | -0.31 |
| Martin ratioReturn relative to average drawdown | 4.10 | 5.94 | -1.85 |
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Drawdowns
GHYG vs. ANGL - Drawdown Comparison
The maximum GHYG drawdown since its inception was -27.36%, smaller than the maximum ANGL drawdown of -29.31%. Use the drawdown chart below to compare losses from any high point for GHYG and ANGL.
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Drawdown Indicators
| GHYG | ANGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.36% | -29.31% | +1.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.84% | -4.05% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -4.15% | -5.48% | +1.33% |
Max Drawdown (5Y)Largest decline over 5 years | -20.44% | -19.25% | -1.19% |
Max Drawdown (10Y)Largest decline over 10 years | -27.36% | -29.31% | +1.95% |
Current DrawdownCurrent decline from peak | -0.42% | -0.89% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -3.32% | -3.27% | -0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 0.98% | +0.08% |
Volatility
GHYG vs. ANGL - Volatility Comparison
iShares US & Intl High Yield Corp Bond ETF (GHYG) and VanEck Fallen Angel High Yield Bond ETF (ANGL) have volatilities of 0.94% and 0.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GHYG | ANGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 0.91% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.82% | 3.61% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.64% | 4.34% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.62% | 7.63% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.71% | 9.23% | -0.52% |
GHYG vs. ANGL - Expense Ratio Comparison
GHYG has a 0.40% expense ratio, which is higher than ANGL's 0.25% expense ratio.
Dividends
GHYG vs. ANGL - Dividend Comparison
GHYG's dividend yield for the trailing twelve months is around 6.27%, less than ANGL's 6.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANGL VanEck Fallen Angel High Yield Bond ETF | 5.95% | 6.20% | 6.29% | 5.27% | 4.72% | 3.90% | 4.67% | 5.19% | 5.99% | 5.25% | 5.34% | 5.81% |
GHYG iShares US & Intl High Yield Corp Bond ETF | 5.72% | 6.03% | 6.11% | 5.60% | 4.64% | 4.57% | 4.36% | 4.61% | 5.62% | 4.60% | 4.61% | 4.79% |
Frequently Asked Questions
GHYG and ANGL have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GHYG has higher volatility (0.94%) compared to ANGL (0.91%). In terms of maximum drawdown, GHYG dropped -27.36% vs ANGL's -29.31%.
On 10-year performance, ANGL leads with 5.85% vs 4.63% for GHYG. On fees, ANGL is cheaper at 0.25% per year. Their volatility is very similar. 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 5.85% return vs 4.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ANGL is cheaper with a 0.25% expense ratio, compared with 0.40% for GHYG.
ANGL has the higher dividend yield at 5.95%, compared with 5.72% for GHYG.
GHYG tracks Markit iBoxx Global Developed Markets High Yield Index, while ANGL tracks ICE US Fallen Angel High Yield 10% Constrained Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.40% for GHYG and 0.25% for ANGL.
ANGL currently has the higher Sharpe Ratio (1.35 vs 0.94), 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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