ANGL vs UCON: Holdings Overlap
ANGLVanEck Fallen Angel High Yield Bond ETF
VanEck · 132 holdings · $3.1B · as of 2026-04-30
UCONFirst Trust Smith Unconstrained Bond ETF
First Trust · 504 holdings · $3.3B · as of 2026-05-31
Holdings snapshots are 31 days apart (ANGL: 2026-04-30, UCON: 2026-05-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are ANGL and UCON?
VanEck Fallen Angel High Yield Bond ETF (ANGL, by VanEck) holds 132 positions; First Trust Smith Unconstrained Bond ETF (UCON, by First Trust) holds 504. They have 7 holdings in common, and by portfolio weight the two funds are 1.3% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 7ANGL holds 132 · UCON holds 504
- Weight in Shared Holdings
- ANGL 6%·UCON 1%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in ANGL
125 of 132 positions (92.0% of the fund) are not held by UCON. Showing the top 30 by weight.
- Nissan Motor Co Ltd3.43%
- Vodafone Group PLC3.28%
- Nissan Motor Co Ltd3.25%
- Entegris Inc2.50%
- Dresdner Funding Trust I1.70%
- Celanese US Holdings LLC1.70%
Only in UCON
497 of 504 positions (97.3% of the fund) are not held by ANGL. Showing the top 30 by weight.
- U.S. Treasury Notes/Bonds2.33%
- U.S. Treasury Bonds2.13%
- U.S. Treasury Bonds2.12%
- U.S. Treasury Notes1.69%
- U.S. Treasury Notes1.18%
- U.S. Treasury Notes/Bonds1.04%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| ANGL | +0.2% | +2.7% | +6.4% | +8.2% | +3.1% | +5.9% | 6.51% |
| UCON | -0.1% | +0.7% | +3.7% | +5.5% | +2.7% | — | 4.72% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in ANGL vs UCON →
Shared Holdings(7)
The top 7 shared positions account for 100% of the overlap, led by VF Corp., Paramount Global and VF Corp..
| VF Corp. | 1.07% | 0.49% | 0.49% |
|---|---|---|---|
| Paramount Global | 0.64% | 0.37% | 0.37% |
| VF Corp. | 0.75% | 0.13% | 0.13% |
| Buckeye Partners LP | 0.62% | 0.10% | 0.10% |
| Paramount Global | 0.94% | 0.08% | 0.08% |
| Celanese US Holdings LLC | 1.24% | 0.06% | 0.06% |
| Paramount Global | 0.89% | 0.06% | 0.06% |
Frequently Asked Questions
How much do ANGL and UCON overlap?
ANGL and UCON overlap by 1.3% of portfolio weight. They share 7 holdings (ANGL holds 132 positions and UCON holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ANGL and UCON?
The two portfolios are 1.3% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of ANGL and UCON?
The largest positions held by both funds are VF Corp., Paramount Global, VF Corp., Buckeye Partners LP and Paramount Global. Together the top 7 shared positions account for 100% of the total overlap.
What does ANGL own that UCON doesn't?
125 positions (92.0% of ANGL) are unique to ANGL, led by Nissan Motor Co Ltd, Vodafone Group PLC and Nissan Motor Co Ltd. In the other direction, 497 positions (97.3% of UCON) are unique to UCON.