ANGL vs SPY
VanEck Fallen Angel High Yield Bond ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | ANGL | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.09% | |
| AUM | $3.1B | $789.1B | |
| Dividend Yield | 6.32% | 1.01% | |
| Holdings | 132 | 505 | |
| YTD Return | +2.03% | +13.68% | |
| 1Y Return | +5.68% | +21.53% | |
| 3Y Return (annualized) | +8.33% | +21.44% | |
| 5Y Return (annualized) | +3.15% | +13.18% | |
| Volatility (annualized) | 8.5% | 15.3% | |
| Max Drawdown | -29.6% | -56.5% | |
| Fund Family | VanEck | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Apr 10, 2012 | Jan 22, 1993 |
ANGL vs SPY Performance
VanEck Fallen Angel High Yield Bond ETF (ANGL) is a ETF from VanEck and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year ANGL returned +5.68% while SPY returned +21.53%. Year to date, ANGL is up 2.03% versus a gain of 13.68% for SPY.
Over three years, ANGL compounded at +8.33% per year against +21.44% for SPY; over five years the annualized figures are +3.15% and +13.18% respectively. Across the full 14-year window we track, SPY has the edge at +8.85% annualized vs +3.17%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 8.5% for ANGL. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -29.6% for ANGL and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ANGL charges 0.25% per year while SPY charges 0.09%. On a $10,000 position that is $25 vs $9 annually, a gap of $16 per year that compounds over a long holding period. On income, ANGL currently yields 6.32% against 1.01% for SPY.
Holdings Overlap
ANGL and SPY share 1 holdings out of 623 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in ANGL | Weight in SPY | Difference |
|---|---|---|---|
| YUM | 0.60% | 0.07% | 0.53% |
Frequently Asked Questions
Which is cheaper, ANGL or SPY?
ANGL has an expense ratio of 0.25% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
Which performed better, ANGL or SPY?
Over the past year ANGL returned +5.68% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (14 years), ANGL annualized +3.17% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, ANGL or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 8.5% for ANGL. Worst drawdown: ANGL -29.6% vs SPY -56.5%.
Should I hold both ANGL and SPY?
ANGL and SPY have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ANGL and SPY?
ANGL and SPY share 1 common holdings with a 0.1% weight overlap. Combined, they hold 623 unique securities.
Which pays a higher dividend, ANGL or SPY?
ANGL yields 6.32% while SPY yields 1.01%, so ANGL currently pays the higher dividend yield.
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