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) operates within the US Bonds - Corporate category, which ETFValuer tracks 17 funds in total. Issued by VanEck, the fund manages $3.12 billion in assets and trades at a price of $28.82. It holds an overall rank of #290 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 57.4 out of 100. The fund charges an expense ratio of 0.25% while offering a dividend yield of 6.32%. The combination of a substantial asset base and a high yield suggests significant investor adoption relative to the fund's cost structure. This positioning places the ETF as a mid-tier option within its specific bond category based on current performance metrics.

Over the most recent trading day, the fund recorded a flat return of 0.00%, followed by a weekly decline of -0.79% and a monthly drop of -0.69%. The three-month period showed a slight recovery with a return of +0.03%, while the six-month horizon expanded to a gain of +0.54%. Year-to-date performance has accelerated to +1.29%, and the one-year return stands at +5.20%. Extending the view to a three-year horizon reveals a cumulative return of +24.56%, indicating a divergence between recent short-term stagnation and longer-term growth. This pattern suggests that while recent monthly and weekly periods have been negative or flat, the fund has maintained positive momentum over the past year and beyond.

ANGL carries a volatility label of Very Low and a beta of 0.80, indicating that the fund generally experiences less price fluctuation than the broader market. Despite this lower volatility, the fund recorded a maximum drawdown of -5.48% during the measured period. The Sharpe ratio of 0.05 reflects a return profile that offers minimal compensation for the risk taken relative to the risk-free rate. This combination of a low beta and very low volatility label with a negative maximum drawdown suggests the fund has been relatively stable in up markets but experienced limited downside during the specific drawdown event. The low Sharpe ratio implies that the returns generated have not been particularly efficient given the level of risk assumed.

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 — FALN overlaps most, holding 2 of the same companies as ANGL's top 10 (4.7% 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: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

High-Yield Credit Spread: 2.77% (as of 2026-07-23) — 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 6.07% and average daily volume is 658K/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 $3.12B 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