ANGL vs HYG: Differences, Returns & Fees

ANGL's duration was 4.5 years on Jul 31, 2026 and HYG's 3.0 on May 31, 2026; ANGL charges 0.25% to HYG's 0.49%. Net assets: $3.0bn on Oct 19, 2026 for VanEck Fallen Angel High Yield Bond ETF, and $16.2bn on Oct 20, 2026 for iShares iBoxx $ High Yield Corporate Bond ETF.

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Answers cite the figures on this page.

ANGL costs 0.24 points a year less; their one-year returns differ by 1.9 points; HYG is 5.5 times larger.

ANGL vs HYG: Differences, Returns & Fees
ANGLHYG
Expense ratio0.25%0.49%
Net assets$2.9bn$16.2bn
Total return, 1 year−1.2%+0.7%
What it tracksICE US Fallen Angel High Yield 10% Constrained IndexMarkit iBoxx USD Liquid High Yield Index
Holdings in common3%
Below its high5.1%, high on Aug 25, 2026

Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.

−1.2%
ANGL total return, 1 year
+0.7%
HYG total return, 1 year
0.25%
ANGL expense ratio
0.49%
HYG expense ratio

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Client brief · page 1 of 2Report BR-A0225D953D

ANGL and HYG are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. ANGL follows ICE US Fallen Angel High Yield 10% Constrained Index and HYG follows Markit iBoxx USD Liquid High Yield Index.
  2. Holdings in common. 3% of the weight is in the same securities (holdings dated Jul 31, 2026 and May 31, 2026).
  3. Number of holdings. ANGL holds 132 positions and HYG holds 1334.

Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

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What they hold in common

By the books each fund has filed, ANGL and HYG hold 3% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jul 31, 2026.

half

3% in common

Positions both hold, largest shared weight first
Holding ANGL HYG
Nissan Motor Co Ltd, due Sep 17, 2027 3.42% 0.22%
Nissan Motor Co Ltd, due Sep 17, 2030 3.23% 0.21%
Vodafone Group PLC, due Apr 4, 2079 3.33% 0.17%
Entegris Inc, due Apr 15, 2029 2.55% 0.13%
Paramount Global, due Jan 15, 2031 1.15% 0.09%
Celanese US Holdings LLC, due Nov 15, 2030 1.70% 0.09%
Celanese US Holdings LLC, due Jul 15, 2032 1.69% 0.09%
Celanese US Holdings LLC, due Nov 15, 2033 1.71% 0.09%
Paramount Global, due May 19, 2032 0.85% 0.07%
PacifiCorp, due Sep 15, 2055 1.37% 0.07%
Huntsman International LLC, due May 1, 2029 1.18% 0.07%
FS KKR Capital Corp, due Jan 15, 2030 1.11% 0.07%
Only in ANGL
Dresdner Funding Trust I, due Jun 30, 2031 1.73%
Resorts World Las Vegas LLC / RWLV Capital Inc, due Apr 16, 2029 1.48%
Nordstrom Inc, due Jan 15, 2044 1.14%
Newell Brands Inc, due Apr 1, 2046 0.99%
Paramount Global, due Apr 30, 2036 0.99%
Transocean International Ltd, due Mar 15, 2038 0.93%
Telecom Italia Capital SA, due Jun 4, 2038 0.91%
Bombardier Inc, due May 1, 2034 0.90%
Only in HYG
1261229 BC Ltd, due Apr 15, 2032 0.54%
EchoStar Corp, due Nov 30, 2029 0.44%
Cloud Software Group Inc, due Sep 30, 2029 0.34%
Quikrete Holdings Inc, due Mar 1, 2032 0.33%
Cloud Software Group Inc, due Mar 31, 2029 0.33%
DISH Network Corp, due Nov 15, 2027 0.32%
SV RNO Property Owner 1 LLC, due Mar 1, 2031 0.30%
Nexstar Media Inc, due Sep 15, 2033 0.30%

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On the same fields

ANGL
VanEck Fallen Angel High Yield Bond ETF
HYG
iShares iBoxx $ High Yield Corporate Bond ETF
Where it sits Bond ETF Bond ETF
What it is Tracks an index Tracks an index of US high yield bonds
Total return, 1 year −1.2% +0.7%
Its benchmark over the same days not measured −1.6% (IUSB)
Gap to its benchmark not measured +2.3 pts vs IUSB
Expense ratio 0.25% 0.49%
Holdings 132 1334
Net assets, ANGL as of Oct 19, 2026 and HYG as of Oct 20, 2026 $3.0bn $16.2bn

ANGL and HYG on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About ANGL

ANGL tracks an index. Over the year to Oct 20, 2026 it returned −1.2% with distributions reinvested. The prospectus expense ratio is 0.25% a year. It sat 5.1% below its high of Aug 25, 2026 on Oct 20, 2026.

About HYG

HYG tracks an index of US high yield bonds. Over the year to Oct 20, 2026 it returned +0.7% with distributions reinvested, against −1.6% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.49% a year.

Questions people ask

Which returned more over the last year, ANGL or HYG?
In the year to Oct 20, 2026, with distributions reinvested, ANGL returned −1.2% and HYG +0.7%.
Which is cheaper, ANGL or HYG?
ANGL is cheaper, by 0.24 percentage points a year. That is about $24 on $10,000 held for a year. Fees come from each fund's prospectus.
Cite this pageCitation, APA and Markdown

ETFIQ, ANGL against HYG, data as of Oct 20, 2026. https://etfiq.com/compare/any/angl-vs-hyg

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.