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 with a total of 17 funds. Issued by VanEck, the fund holds an asset base of $3.12 billion and trades at a price of $28.84. It currently holds an overall rank of #300 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 57.0 out of 100. The fund charges an expense ratio of 0.25% while offering a dividend yield of 6.32%. This combination of a substantial asset under management and a high yield suggests significant investor adoption relative to its cost structure. The fund's position in the middle of the overall ranking spectrum reflects a moderate standing among the broader universe of tracked investments.

Short-term performance shows a decline, with the fund down -0.28% over one day and -0.35% over one week. The one-month return extends this negative trend to -0.82%, though the three-month period reverses direction to a gain of +0.17%. Momentum improves further over the next six months with a return of +0.64%, and year-to-date performance stands at +1.36%. The one-year return accelerates to +5.38%, indicating a stronger recovery over the longer horizon. This positive trajectory continues significantly over the three-year period, where the fund has generated a total return of +25.93%. The data illustrates a clear divergence where short-term losses give way to sustained gains as the investment horizon extends.

The fund carries a volatility label of Very Low and exhibits a beta of 0.80, suggesting it moves less than the broader market. A Sharpe ratio of 0.09 indicates that the risk-adjusted returns have been relatively modest relative to the volatility experienced. The maximum drawdown recorded for the fund is -5.48%, which represents the largest peak-to-trough decline observed. This combination of low volatility and a beta below 1.0 implies the fund tends to experience smaller price swings than the general market in both up and down conditions. However, the low Sharpe ratio suggests that the returns generated during these periods have not been highly efficient relative to the risk taken. The limited drawdown of -5.48% aligns with the low volatility profile, showing resilience during market stress.

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: 4.61% (as of 2026-07-28) — 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): 18.21 (as of 2026-07-28) — 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: 2.84% (as of 2026-07-28) — 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 6.05% and average daily volume is 667K/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