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 corporate bond fund issued by VanEck with $3.19 billion in assets. It holds a C grade and ranks 10th out of 17 peers in the US Bonds - Corporate category, placing it in the middle of its group. The fund’s 0.25% expense ratio is significantly higher than the category median of 0.06%, reflecting its cost structure. Despite the higher fees, it offers a 6.51% dividend yield, which exceeds the category median of 4.93%. The top ten holdings represent 29.3% of assets, with the largest position being State Street Global Advisors at 8.7%.

Over the past year, ANGL returned 4.29%, outperforming the category median of 2.62%. Short-term performance shows a slight decline, with one-month and one-week returns of -0.25% and -0.21% respectively. In contrast, longer-term results are stronger, with a three-year return of 25.93% and a year-to-date gain of 2.34%. The current price of $28.79 sits at 30.3% of its 52-week range, indicating it is closer to the lower end of recent trading levels. The ETFValuer grade has remained unchanged at C over the last 35 tracked days, and price history is available for 3.0 years.

The fund exhibits a beta of 0.81, suggesting it moves less than the broader market. Annualized volatility is labeled as Very Low at 4.30%, while the maximum drawdown has been -5.48%. A Sharpe ratio of -0.17 indicates that risk-adjusted returns have been negative relative to the risk taken. Liquidity is moderate, with an average daily volume of 718,333 shares but a wide bid/ask spread of 6.04%. These metrics collectively describe a fund with low price fluctuation but poor risk-adjusted performance and relatively high trading costs.

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

ANGL Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 29.3% 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 (11.2% 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: 4.78% (as of 2026-09-04) — 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): 15.30 (as of 2026-09-07) — 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: 3.63% (as of 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

High-Yield Credit Spread: 2.68% (as of 2026-09-07) — 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: Quoted bid/ask spread is 6.04% and average daily volume is 718K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $3.19B 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