VanEck Fallen Angel High Yield Bond ETF

10-Year Study

ANGL.US · · US · ETF

Executive Summary: VanEck Fallen Angel High Yield Bond ETF has compounded at 6.4% annually over the last 10 years, with a maximum drawdown of 18.1% and an annualized volatility of 7.0%.

1Y CAGR
+7.6%
3Y CAGR
+8.5%
5Y CAGR
+3.3%
10Y CAGR
+6.4%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
18.1%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.31
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.34
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
9.2%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2019 · +18.6%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -14.3%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
80%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20260.80.2-3.22.6————————0.2%
20251.30.6-0.3-1.42.02.60.01.41.7-0.20.70.39.0%
20241.0-0.71.5-2.11.5-0.32.61.51.4-1.41.9-1.06.1%
20233.9-2.02.7-0.5-1.02.00.9-0.1-2.0-0.76.03.112.5%
2022-4.1-1.9-1.3-5.41.9-6.85.3-2.5-4.41.64.0-0.9-14.3%
2021-0.10.4-0.11.20.32.50.90.9-0.40.4-1.72.36.8%
20200.0-0.9-13.98.14.12.37.3-0.1-2.00.95.82.813.2%
20195.81.90.92.1-2.13.80.60.40.40.31.02.318.6%
20180.5-1.8-0.90.6-0.4-0.21.60.60.6-2.6-2.1-1.8-5.8%
20171.91.20.40.90.60.11.50.71.40.1-0.10.79.7%
2016———6.4-0.33.71.62.51.2-0.20.21.617.8%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 7.0%. The dominant macroeconomic risk driver is HYG.US, accounting for 57.1% of variance. Idiosyncratic stock-specific factors contribute 4.9%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110638.810472434112
2016-05-0110611.114447981528
2016-06-0111000.794175159
2016-07-0111180.718227988333
2016-08-0111458.746271047308
2016-09-0111592.48803731956
2016-10-0111570.998591840684
2016-11-0111593.288886219392
2016-12-0111784.35808623808
2017-01-0112009.530101908023
2017-02-0112153.88311610307
2017-03-0112200.33235229343
2017-04-0112307.312417829567
2017-05-0112375.718261357039
2017-06-0112387.263832996308
2017-07-0112568.188946950433
2017-08-0112655.414739624002
2017-09-0112829.933062379456
2017-10-0112847.41826335916
2017-11-0112837.541126927877
2017-12-0112928.170527425738
2018-01-0112997.243745036407
2018-02-0112767.600323009056
2018-03-0112649.541847691888
2018-04-0112725.689230584421
2018-05-0112678.439145494223
2018-06-0112652.678505882901
2018-07-0112855.159802724222
2018-08-0112925.968192951195
2018-09-0113007.988467775842
2018-10-0112670.363919087566
2018-11-0112403.747972851223
2018-12-0112174.43823786547
2019-01-0112877.45009710293
2019-02-0113116.903918153243
2019-03-0113234.628706428815
2019-04-0113518.529641419906
2019-05-0113240.568335769249
2019-06-0113743.36797004825
2019-07-0113831.461349029973
2019-08-0113880.046182286556
2019-09-0113936.7062419498
2019-10-0113974.212665425352
2019-11-0114113.827323629714
2019-12-0114442.709271828138
2020-01-0114442.709271828138
2020-02-0114317.9103182707
2020-03-0112334.741492648875
2020-04-0113329.462563650803
2020-05-0113869.768621405356
2020-06-0114192.043566180151
2020-07-0115224.004111024355
2020-08-0115206.051748186412
2020-09-0114897.52470952543
2020-10-0115037.139367729795
2020-11-0115909.530769282106
2020-12-0116348.596178615999
2021-01-0116333.313312110837
2021-02-0116393.443717006696
2021-03-0116376.559152701864
2021-04-0116580.909096976127
2021-05-0116636.50135810626
2021-06-0117056.212919027505
2021-07-0117213.64646525317
2021-08-0117363.80563397201
2021-09-0117298.469711227237
2021-10-0117362.7378354389
2021-11-0117072.496846657457
2021-12-0117467.71577872545
2022-01-0116747.151981099967
2022-02-0116424.676824100214
2022-03-0116204.309901829272
2022-04-0115321.640939395762
2022-05-0115616.286597126287
2022-06-0114559.966898245473
2022-07-0115337.724654800755
2022-08-0114957.521639604649
2022-09-0114302.961138807135
2022-10-0114529.668114868427
2022-11-0115109.282506123158
2022-12-0114977.542862100492
2023-01-0115559.559800054723
2023-02-0115244.559232786754
2023-03-0115659.065275859077
2023-04-0115578.980385875693
2023-05-0115415.673947717914
2023-06-0115727.60459420319
2023-07-0115867.886626490746
2023-08-0115855.006306685087
2023-09-0115541.807649441742
2023-10-0115430.022490506602
2023-11-0116352.667160523488
2023-12-0116852.396874019796
2024-01-0117016.37068626077
2024-02-0116901.515606542933
2024-03-0117160.723700455816
2024-04-0116806.081112646072
2024-05-0117057.747879418854
2024-06-0117007.42787354596
2024-07-0117454.90219632811
2024-08-0117708.437610533834
2024-09-0117959.570478040056
2024-10-0117716.512836940492
2024-11-0118053.87043599549
2024-12-0117874.94744429095
2025-01-0118105.65866485141
2025-02-0118222.44912941051
2025-03-0118175.866418403508
2025-04-0117914.856414466
2025-05-0118271.96828638357
2025-06-0118742.20006540266
2025-07-0118744.86956173544
2025-08-0119001.408159315542
2025-09-0119326.88649968967
2025-10-0119291.91609773026
2025-11-0119429.3951588684
2025-12-0119492.061585280397
2026-01-0119641.419905099407
2026-02-0119680.528026374624
2026-03-0119050.526891838683
2026-04-0119540.713155945305
Annual Return Matrix
YearAnnual Return
20170.09706192164369276
2018-0.05830154297248047
20190.1863142257281154
20200.13196186885139838
20210.06845355942996867
2022-0.14255858912347463
20230.12517767628383658
20240.0606768626394949
20250.09046818996415773
20260.002495968446028618
Total Factor Risk
0.07018294654275681
VTI.US Exposure
0.19639749725533132
VEA.US Exposure
0.06820899746315905
VWO.US Exposure
-0.0095287272003984
QQQ.US Exposure
-0.10127036791550434
VTV.US Exposure
-0.06737902321355912
IJR.US Exposure
-0.004894524544428874
QUAL.US Exposure
0.059769945014545356
SHV.US Exposure
0.0011363582226094925
TLT.US Exposure
-0.036221212750097584
LQD.US Exposure
0.26824831976303104
HYG.US Exposure
0.5714414317637415
GLD.US Exposure
-0.000859279265007564
USO.US Exposure
-0.0021206067939824294
VNQ.US Exposure
0.03394197125654255
BTC-USD.CC Exposure
-0.002884737546322314
CPER.US Exposure
0.006517240722972469
VIX.INDX Exposure
-0.006509487308781055
UUP.US Exposure
-0.020503231449908434
TIP.US Exposure
-0.0025705779826669948
Idiosyncratic Exposure
0.049080014508724186
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
73.8
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
7.0%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →6.15%
Market Cap$36.4B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$210
Avg Yield on Cost
2.10%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$210.222.10%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+0.4%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+1.4%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
1.6% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.74
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is VanEck Fallen Angel High Yield Bond ETF a high-risk investment?

VanEck Fallen Angel High Yield Bond ETF (ANGL.US) has an annualized volatility of 7.0% and experienced a maximum drawdown of 18.1% over the last 10 years. Its primary macro risk driver is HYG.US.

What is the 10-year return of ANGL.US?

Over the past 10 years, ANGL.US has generated a Compound Annual Growth Rate (CAGR) of 6.4%. It has had a positive return in 80% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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