ANGL — VanEck Fallen Angel High Yield Bond ETF

ANGL Price Performance — Growth of $10,000

Value of a $10,000 investment in ANGL over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

ANGL Drawdown

The "underwater" chart: ANGL's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The VanEck Fallen Angel High Yield Bond ETF (ANGL) is a US corporate bond fund issued by VanEck with $3.07 billion in assets. It holds an ETFValuer grade of C, ranking 15th out of 17 peers in its category and 328th of 458 tracked ETFs overall. The fund’s 0.25% expense ratio is significantly higher than the category median of 0.06%, while its 6.93% dividend yield exceeds the median of 5.87%. Top holdings account for 27.5% of assets, with the largest position held by State Street Global Advisors at 6.6%.

Price history is available for only 3.0 years, and the grade has remained unchanged at C over the last 35 tracked days. The fund’s 1-year return of -0.23% trails the category median of +1.29%, contrasting with a strong 3-year return of +25.44%. Short-term performance shows a decline, with 1-month and 3-month returns of -1.71% and -3.00% respectively. The current price of $27.55 sits at 11.9% of its 52-week range, indicating it is near the lower end of recent trading levels.

With a beta of 0.86, the fund exhibits less sensitivity to market movements than the broader market. Annualized volatility is labeled Very Low at 4.49%, and the maximum drawdown has been limited to -5.48%. However, a Sharpe ratio of -1.17 suggests that risk-adjusted returns have been negative relative to the risk taken. Liquidity is supported by an average daily volume of 977,470 shares, facilitating standard trading activity.

AI-generated summary based on the data on this page.

ANGL Top Holdings

Holdings as of 2026-07-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 27.5% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how ANGL's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With ANGL

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with ANGL's top 10 — SPMD overlaps most, holding 2 of the same companies as ANGL's top 10 (9.2% of ANGL's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.96% (as of 2026-10-22) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 19.03 (as of 2026-10-22) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

High-Yield Credit Spread: 3.40% (as of 2026-10-22) — The extra yield investors demand to hold high-yield corporate bonds over Treasuries — a real-time gauge of credit risk appetite relevant to this fund’s holdings.

ANGL Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 977K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $3.07B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: ANGL is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

ANGL Performance History

How ANGL Compares to Other US Bonds - Corporate ETFs