However, ANGL has proved surprisingly resilient during the recent bout of volatility in the junk bond market. Year-to-date, ANGL has increased 6.9% while HYG rose 3.2% and JNK gained 3.5%.

Moreover, along with its 66.1% tilt toward U.S. markets, ANGL includes some international exposure as well, including 6.9% Luxembourg, 6.4%, Italy and 5.8% U.K., among others. For a broader junk bond ETF that tracks global markets, iShares Global High Yield Corporate Bond ETF (BATS: GHYG) also includes a similar mix of foreign holdings, including Italy 7.0%, U.K. 5.9% and France 4.2%, among others.

Again, ANGL includes a slightly higher quality basket, compared to GHYG’s 0.3% BBB, 50.5% BB, 38.4% B and 8.1% C profile. Additionally, the fallen angel ETF has outperformed GHYG’s 1.2% year-to-date return.

Financial advisors who are interested in learning more about high-yield bonds can register for the Wednesday, April 15 webcast here.

For more information on the speculative-grade debt market, visit our junk bonds category.

Subscribe to our free daily newsletters!
Please enter your email address to subscribe to ETF Trends' newsletters featuring latest news and educational events.