XLK vs. ANGL
XLK (State Street Technology Select Sector SPDR ETF) and ANGL (VanEck Fallen Angel High Yield Bond ETF) are both exchange-traded funds - XLK is a Technology Equities fund tracking the S&P Technology Select Sector Daily Capped 35/20 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, XLK returned 23.89%/yr vs 5.77%/yr for ANGL. At a 0.46 correlation, their price movements are largely independent. XLK charges 0.08%/yr vs 0.25%/yr for ANGL.
Performance
XLK vs. ANGL - Performance Comparison
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Returns By Period
In the year-to-date period, XLK achieves a 22.34% return, which is significantly higher than ANGL's 2.15% return. Over the past 10 years, XLK has outperformed ANGL with an annualized return of 23.89%, while ANGL has yielded a comparatively lower 5.77% annualized return.
XLK
- 1D
- 0.07%
- 1M
- -8.11%
- 6M
- 20.96%
- YTD
- 22.34%
- 1Y
- 35.41%
- 3Y*
- 26.73%
- 5Y*
- 19.16%
- 10Y*
- 23.89%
- ALL TIME*
- 10.23%
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%
XLK vs. ANGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XLK State Street Technology Select Sector SPDR ETF | 22.34% | 24.61% | 21.63% | 56.02% | -27.73% | 34.74% | 43.62% | 49.86% | -1.68% | 34.26% |
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 XLK and ANGL is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2012 | 0.46 |
The correlation between XLK and ANGL shifts across timeframes, from 0.46 (all time) to 0.58 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XLK vs. ANGL — Risk / Return Rank
XLK
ANGL
XLK vs. ANGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Technology Select Sector SPDR ETF (XLK) 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.
| XLK | ANGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.29 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 1.60 | +0.63 |
| Martin ratioReturn relative to average drawdown | 6.53 | 6.73 | -0.20 |
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Drawdowns
XLK vs. ANGL - Drawdown Comparison
The maximum XLK drawdown since its inception was -82.05%, which is greater than ANGL's maximum drawdown of -29.31%. Use the drawdown chart below to compare losses from any high point for XLK and ANGL.
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Drawdown Indicators
| XLK | ANGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.05% | -29.31% | -52.74% |
Max Drawdown (1Y)Largest decline over 1 year | -15.92% | -4.05% | -11.87% |
Max Drawdown (3Y)Largest decline over 3 years | -25.66% | -5.48% | -20.18% |
Max Drawdown (5Y)Largest decline over 5 years | -33.56% | -19.25% | -14.31% |
Max Drawdown (10Y)Largest decline over 10 years | -33.56% | -29.31% | -4.25% |
Current DrawdownCurrent decline from peak | -11.25% | -0.51% | -10.74% |
Average DrawdownAverage peak-to-trough decline | -34.83% | -3.27% | -31.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.43% | 0.96% | +4.47% |
Volatility
XLK vs. ANGL - Volatility Comparison
State Street Technology Select Sector SPDR ETF (XLK) has a higher volatility of 9.59% compared to VanEck Fallen Angel High Yield Bond ETF (ANGL) at 0.74%. This indicates that XLK'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
| XLK | ANGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.59% | 0.74% | +8.85% |
Volatility (6M)Calculated over the trailing 6-month period | 20.94% | 3.58% | +17.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.61% | 4.31% | +20.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.57% | 7.63% | +17.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.81% | 9.23% | +15.58% |
XLK vs. ANGL - Expense Ratio Comparison
XLK has a 0.08% 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
XLK vs. ANGL - Dividend Comparison
XLK's dividend yield for the trailing twelve months is around 0.45%, 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% |
XLK State Street Technology Select Sector SPDR ETF | 0.45% | 0.54% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% |
Frequently Asked Questions
XLK and ANGL have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLK has higher volatility (9.59%) compared to ANGL (0.74%). In terms of maximum drawdown, XLK dropped -82.05% vs ANGL's -29.31%.
On 10-year performance, XLK leads with 23.89% vs 5.77% for ANGL. On fees, XLK is cheaper at 0.08% 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, XLK has performed better with a 23.89% return vs 5.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLK is cheaper with a 0.08% expense ratio, compared with 0.25% for ANGL.
ANGL has the higher dividend yield at 6.46%, compared with 0.45% for XLK.
XLK is categorized as Technology Equities, while ANGL is High Yield Bonds. XLK tracks S&P Technology Select Sector Daily Capped 35/20 Index, while ANGL tracks ICE US Fallen Angel High Yield 10% Constrained Index. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.08% for XLK and 0.25% for ANGL.
ANGL currently has the higher Sharpe Ratio (1.51 vs 1.45), 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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