PCEF vs. ANGL
Compare and contrast key facts about Invesco CEF Income Composite ETF (PCEF) and VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL).
PCEF and ANGL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PCEF is a passively managed fund by Invesco that tracks the performance of the S-Network Composite Closed-End Fund Index. It was launched on Feb 19, 2010. 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 PCEF 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: PCEF or ANGL.
Key characteristics
| PCEF | ANGL | |
|---|---|---|
| YTD Return | 18.60% | 6.76% |
| 1Y Return | 28.66% | 14.05% |
| 3Y Return (Ann) | 1.67% | 0.75% |
| 5Y Return (Ann) | 5.70% | 5.14% |
| 10Y Return (Ann) | 6.05% | 6.10% |
| Sharpe Ratio | 3.25 | 2.61 |
| Sortino Ratio | 4.42 | 4.04 |
| Omega Ratio | 1.66 | 1.51 |
| Calmar Ratio | 1.48 | 1.29 |
| Martin Ratio | 20.86 | 18.06 |
| Ulcer Index | 1.30% | 0.74% |
| Daily Std Dev | 8.35% | 5.10% |
| Max Drawdown | -38.64% | -35.07% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PCEF and ANGL is 0.53, 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
PCEF vs. ANGL - Performance Comparison
In the year-to-date period, PCEF achieves a 18.60% return, which is significantly higher than ANGL's 6.76% return. Both investments have delivered pretty close results over the past 10 years, with PCEF having a 6.05% annualized return and ANGL not far ahead at 6.10%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PCEF vs. ANGL - Expense Ratio Comparison
PCEF has a 2.34% expense ratio, which is higher than ANGL's 0.35% expense ratio.
Risk-Adjusted Performance
PCEF vs. ANGL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CEF Income Composite ETF (PCEF) 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.
Dividends
PCEF vs. ANGL - Dividend Comparison
PCEF's dividend yield for the trailing twelve months is around 8.51%, more than ANGL's 6.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCEF Invesco CEF Income Composite ETF | 8.51% | 9.85% | 8.93% | 6.67% | 7.55% | 7.12% | 8.21% | 6.96% | 7.12% | 9.18% | 8.03% | 8.13% |
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF | 6.05% | 5.27% | 4.72% | 3.90% | 4.67% | 5.20% | 6.00% | 5.25% | 5.79% | 5.82% | 6.80% | 6.10% |
Drawdowns
PCEF vs. ANGL - Drawdown Comparison
The maximum PCEF drawdown since its inception was -38.64%, which is greater than ANGL's maximum drawdown of -35.07%. Use the drawdown chart below to compare losses from any high point for PCEF and ANGL. For additional features, visit the drawdowns tool.
Volatility
PCEF vs. ANGL - Volatility Comparison
Invesco CEF Income Composite ETF (PCEF) has a higher volatility of 2.01% compared to VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) at 1.27%. This indicates that PCEF'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.