RPV vs. ANGL
RPV (Invesco S&P 500® Pure Value ETF) and ANGL (VanEck Fallen Angel High Yield Bond ETF) are both exchange-traded funds - RPV is a Large Cap Value Equities fund tracking the S&P 500 Pure Value 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, RPV returned 10.80%/yr vs 5.77%/yr for ANGL. At a 0.43 correlation, their price movements are largely independent. RPV charges 0.35%/yr vs 0.25%/yr for ANGL.
Performance
RPV vs. ANGL - Performance Comparison
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Returns By Period
In the year-to-date period, RPV achieves a 15.44% return, which is significantly higher than ANGL's 2.15% return. Over the past 10 years, RPV has outperformed ANGL with an annualized return of 10.80%, while ANGL has yielded a comparatively lower 5.77% annualized return.
RPV
- 1D
- -0.34%
- 1M
- 5.03%
- 6M
- 11.18%
- YTD
- 15.44%
- 1Y
- 29.71%
- 3Y*
- 16.65%
- 5Y*
- 12.09%
- 10Y*
- 10.80%
- ALL TIME*
- 9.43%
ANGL
- 1D
- -0.07%
- 1M
- 0.07%
- 6M
- 1.41%
- YTD
- 2.15%
- 1Y
- 6.47%
- 3Y*
- 8.07%
- 5Y*
- 3.04%
- 10Y*
- 5.77%
- ALL TIME*
- 6.80%
RPV vs. ANGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RPV Invesco S&P 500® Pure Value ETF | 15.44% | 17.70% | 12.41% | 7.98% | -1.27% | 34.22% | -8.69% | 24.80% | -12.31% | 17.30% |
ANGL VanEck Fallen Angel High Yield Bond ETF | 2.15% | 9.04% | 6.06% | 12.52% | -14.26% | 6.84% | 13.20% | 18.06% | -5.84% | 9.71% |
Correlation
The correlation between RPV and ANGL is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2012 | 0.43 |
The correlation between RPV and ANGL has been stable across timeframes, ranging from 0.43 to 0.53 - a consistent structural relationship.
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Return for Risk
RPV vs. ANGL — Risk / Return Rank
RPV
ANGL
RPV vs. ANGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Pure Value ETF (RPV) 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.
| RPV | ANGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.29 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 1.60 | +2.25 |
| Martin ratioReturn relative to average drawdown | 13.42 | 6.73 | +6.69 |
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Drawdowns
RPV vs. ANGL - Drawdown Comparison
The maximum RPV drawdown since its inception was -75.32%, which is greater than ANGL's maximum drawdown of -29.31%. Use the drawdown chart below to compare losses from any high point for RPV and ANGL.
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Drawdown Indicators
| RPV | ANGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.32% | -29.31% | -46.01% |
Max Drawdown (1Y)Largest decline over 1 year | -7.74% | -4.05% | -3.69% |
Max Drawdown (3Y)Largest decline over 3 years | -15.50% | -5.48% | -10.02% |
Max Drawdown (5Y)Largest decline over 5 years | -22.64% | -19.25% | -3.39% |
Max Drawdown (10Y)Largest decline over 10 years | -50.67% | -29.31% | -21.36% |
Current DrawdownCurrent decline from peak | -0.34% | -0.51% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -10.63% | -3.27% | -7.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 0.96% | +1.26% |
Volatility
RPV vs. ANGL - Volatility Comparison
Invesco S&P 500® Pure Value ETF (RPV) has a higher volatility of 2.57% compared to VanEck Fallen Angel High Yield Bond ETF (ANGL) at 0.74%. This indicates that RPV'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
| RPV | ANGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.57% | 0.74% | +1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 8.32% | 3.58% | +4.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.62% | 4.31% | +8.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.61% | 7.63% | +9.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.80% | 9.23% | +12.57% |
RPV vs. ANGL - Expense Ratio Comparison
RPV has a 0.35% expense ratio, which is higher than ANGL's 0.25% expense ratio.
Dividends
RPV vs. ANGL - Dividend Comparison
RPV's dividend yield for the trailing twelve months is around 2.30%, less than ANGL's 6.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANGL VanEck Fallen Angel High Yield Bond ETF | 6.46% | 6.20% | 6.29% | 5.27% | 4.72% | 3.90% | 4.67% | 5.19% | 5.99% | 5.25% | 5.34% | 5.81% |
RPV Invesco S&P 500® Pure Value ETF | 2.30% | 2.50% | 2.16% | 2.38% | 2.29% | 1.92% | 2.11% | 2.28% | 2.49% | 1.73% | 1.73% | 2.39% |
Frequently Asked Questions
RPV and ANGL have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RPV has higher volatility (2.57%) compared to ANGL (0.74%). In terms of maximum drawdown, RPV dropped -75.32% vs ANGL's -29.31%.
On 10-year performance, RPV leads with 10.80% vs 5.77% for ANGL. On fees, ANGL is cheaper at 0.25% per year. On volatility, ANGL has been the lower-risk option at 0.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, RPV has performed better with a 10.80% return vs 5.77%. 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 0.35% for RPV.
ANGL has the higher dividend yield at 6.46%, compared with 2.30% for RPV.
RPV is categorized as Large Cap Value Equities, while ANGL is High Yield Bonds. RPV tracks S&P 500 Pure Value Index, while ANGL tracks ICE US Fallen Angel High Yield 10% Constrained Index. They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.35% for RPV and 0.25% for ANGL.
RPV currently has the higher Sharpe Ratio (2.37 vs 1.51), 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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