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VWEAX vs. ANGL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


VWEAXANGL
YTD Return6.09%6.14%
1Y Return12.57%11.66%
3Y Return (Ann)2.83%0.85%
5Y Return (Ann)3.79%4.99%
10Y Return (Ann)4.52%6.04%
Sharpe Ratio3.462.55
Sortino Ratio5.983.97
Omega Ratio1.901.50
Calmar Ratio3.081.42
Martin Ratio22.4217.48
Ulcer Index0.56%0.74%
Daily Std Dev3.63%5.06%
Max Drawdown-30.03%-35.07%
Current Drawdown-0.57%-0.58%

Correlation

-0.50.00.51.00.5

The correlation between VWEAX and ANGL is 0.48, 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

VWEAX vs. ANGL - Performance Comparison

The year-to-date returns for both investments are quite close, with VWEAX having a 6.09% return and ANGL slightly higher at 6.14%. Over the past 10 years, VWEAX has underperformed ANGL with an annualized return of 4.52%, while ANGL has yielded a comparatively higher 6.04% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-2.00%0.00%2.00%4.00%6.00%JuneJulyAugustSeptemberOctoberNovember
4.92%
4.02%
VWEAX
ANGL

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VWEAX vs. ANGL - Expense Ratio Comparison

VWEAX has a 0.13% expense ratio, which is lower than ANGL's 0.35% expense ratio.


ANGL
VanEck Vectors Fallen Angel High Yield Bond ETF
Expense ratio chart for ANGL: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%
Expense ratio chart for VWEAX: current value at 0.13% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.13%

Risk-Adjusted Performance

VWEAX vs. ANGL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) 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.


VWEAX
Sharpe ratio
The chart of Sharpe ratio for VWEAX, currently valued at 3.46, compared to the broader market0.002.004.003.46
Sortino ratio
The chart of Sortino ratio for VWEAX, currently valued at 5.98, compared to the broader market0.005.0010.005.98
Omega ratio
The chart of Omega ratio for VWEAX, currently valued at 1.90, compared to the broader market1.002.003.004.001.90
Calmar ratio
The chart of Calmar ratio for VWEAX, currently valued at 3.76, compared to the broader market0.005.0010.0015.0020.003.76
Martin ratio
The chart of Martin ratio for VWEAX, currently valued at 22.38, compared to the broader market0.0020.0040.0060.0080.00100.0022.38
ANGL
Sharpe ratio
The chart of Sharpe ratio for ANGL, currently valued at 2.55, compared to the broader market0.002.004.002.55
Sortino ratio
The chart of Sortino ratio for ANGL, currently valued at 3.97, compared to the broader market0.005.0010.003.97
Omega ratio
The chart of Omega ratio for ANGL, currently valued at 1.50, compared to the broader market1.002.003.004.001.50
Calmar ratio
The chart of Calmar ratio for ANGL, currently valued at 1.42, compared to the broader market0.005.0010.0015.0020.001.42
Martin ratio
The chart of Martin ratio for ANGL, currently valued at 17.48, compared to the broader market0.0020.0040.0060.0080.00100.0017.48

VWEAX vs. ANGL - Sharpe Ratio Comparison

The current VWEAX Sharpe Ratio is 3.46, which is higher than the ANGL Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of VWEAX 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.


Rolling 12-month Sharpe Ratio1.502.002.503.003.504.00JuneJulyAugustSeptemberOctoberNovember
3.46
2.55
VWEAX
ANGL

Dividends

VWEAX vs. ANGL - Dividend Comparison

VWEAX's dividend yield for the trailing twelve months is around 6.10%, which matches ANGL's 6.08% yield.


TTM20232022202120202019201820172016201520142013
VWEAX
Vanguard High-Yield Corporate Fund Admiral Shares
6.10%5.79%5.20%4.24%4.72%5.32%6.10%5.42%5.49%5.99%5.71%5.89%
ANGL
VanEck Vectors Fallen Angel High Yield Bond ETF
6.08%5.27%4.72%3.90%4.67%5.20%6.00%5.25%5.79%5.82%6.80%6.10%

Drawdowns

VWEAX vs. ANGL - Drawdown Comparison

The maximum VWEAX drawdown since its inception was -30.03%, smaller than the maximum ANGL drawdown of -35.07%. Use the drawdown chart below to compare losses from any high point for VWEAX and ANGL. For additional features, visit the drawdowns tool.


-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.57%
-0.58%
VWEAX
ANGL

Volatility

VWEAX vs. ANGL - Volatility Comparison

The current volatility for Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) is 0.69%, while VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) has a volatility of 1.37%. This indicates that VWEAX experiences smaller price fluctuations and is considered to be less risky than ANGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.60%0.80%1.00%1.20%1.40%1.60%JuneJulyAugustSeptemberOctoberNovember
0.69%
1.37%
VWEAX
ANGL