FALNvsVCEBETF Comparison
VS
iShares Fallen Angels USD Bond ETF (FALN) belongs to the US Corporate HY Bonds segment. Vanguard ESG U.S. Corporate Bond ETF (VCEB) is part of the US Corporate IG Bonds segment. FALN's top 3 sector exposures are Finance, Consumer Cyclicals and Non-Energy Materials. In contrast, VCEB's top sector exposures are Finance, Technology and Healthcare. FALN is more expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.12% for VCEB. FALN is down -0.91% year-to-date (YTD) with -$208M in YTD flows. VCEB performs worse with -3.07% YTD performance, and +$274M in YTD flows. Run a side-by-side ETF comparison of FALN and VCEB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FALN vs VCEB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FALN VCEB | -3.13%-2.17% | -3.35%-3.59% | -0.91%-3.07% | -0.39%-2.76% | +26.61%+15.97% | +14.74%-2.50% |
| Flows | FALN VCEB | -$42M+$31M | +$11M+$18M | -$208M+$274M | -$181M+$354M | +$259M+$826M | -$1.20B+$1.07B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FALN VCEB | +3.29%+4.53% | +3.44%+4.11% | +3.80%+5.17% | +4.66%+6.39% |
| Max drawdown | FALN VCEB | -3.65%-3.93% | -3.87%-4.58% | -4.67%-4.58% | -18.04%-20.96% |
| Max drawdown duration | FALN VCEB | 35d87d | 105d214d | 100d214d | 938d1435d |
Trading data
FALN | VCEB | |
Last sale 10/1/2026 at 1:30 PM | $25.77 | $59.53 |
| Previous close 10/01/2026 | $25.93 | $59.58 |
| Consolidated volume 10/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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FALN | VCEB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/1/2026 at 1:30 PM
Live
Closed
FALN | VCEB | |
|---|---|---|
| Last price | $25.77 | $59.53 |
| 1D performance | -0.62% | -0.08% |
| AuM | $1.55 B | $1.20 B |
| E/R | 0.25% | 0.12% |
Characteristics
FALN | VCEB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Vanguard |
| Benchmark | Bloomberg U.S. HY Fallen Angel 3% Cap Index | Bloomberg MSCI US Corporate SRI Select Index |
| N° of holdings | 155 | 2700 |
| Asset class | Bonds | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 14, 2016 | September 22, 2020 |
| ESG | No | Yes |
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Exposure
Countries
FALN
USA
82.42%
Other
17.58%
VCEB
USA
83.87%
Other
16.13%
Sectors
FALN
Finance
22.17%
Consumer Cyclical.
19.69%
Non-Energy Materi.
16.34%
Telecommunication.
8.95%
Energy
8.78%
Consumer Services
8.5%
Other
15.57%
VCEB
Finance
48.57%
Technology
15.22%
Healthcare
10.9%
Telecommunication.
8.74%
Other
16.57%
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Diversification
FALN
Total weight of top 15 holdings out of 15
23.57%
VCEB
Total weight of top 15 holdings out of 15
2.25%
Top 15 holdings
Data as of August 31, 2026
FALN
Vodafone Group, 7% 4apr2079, USD
3.06%
GFL Environmental, 6.75% 15jan2031, USD
2.12%
Resorts World Las Vegas, 4.625% 16apr2029, USD
1.91%
Pacificorp, 7.375% 15sep2055, USD
1.82%
United Rentals (North America), 3.875% 15nov2027, USD
1.55%
Perrigo Finance, 4.4% 15jun2030, USD
1.53%
Huntsman International, 4.5% 1may2029, USD
1.50%
Methanex, 5.25% 15dec2029, USD
1.46%
V.F. Corp, 2.95% 23apr2030, USD
1.43%
Newell Brands, 5.75% 1apr2046, USD
1.32%
Coty, 5.6% 15jan2031, USD
1.24%
Transocean Ltd, 6.8% 15mar2038, USD
1.24%
Bombardier, 7.45% 1may2034, USD
1.20%
Nordstrom, 5% 15jan2044, USD
1.12%
Navient, 5.625% 1aug2033, USD (A)
1.07%
VCEB
Wells Fargo, 4.15% 24jan2029, USD (Q)
0.21%
Morgan Stanley, 4.994% 12apr2029, USD (I)
0.17%
Meta Platforms, 5.25% 15may2036, USD
0.17%
Amazon.com, 4.875% 13mar2036, USD
0.17%
T-Mobile USA, 3.875% 15apr2030, USD
0.16%
Space Exploration Technologies, 5.35% 15jul2031, USD
0.16%
Meta Platforms, 6.3% 15may2056, USD
0.14%
AbbVie, 4.25% 21nov2049, USD
0.14%
CVS Health, 5.05% 25mar2048, USD
0.14%
Goldman Sachs, 5.065% 21jan2037, USD
0.14%
Amazon.com, 4.8% 9jul2031, USD
0.13%
Space Exploration Technologies, 5.65% 15jul2033, USD
0.13%
Amazon.com, 5.8% 13mar2056, USD
0.13%
Meta Platforms, 4.6% 15nov2032, USD
0.13%
Bank of America Corporation, 5.288% 25apr2034, USD (N)
0.13%
Frequently asked questions about FALN and VCEB
How have the FALN and VCEB ETFs performed in 2026?
As of October 1, 2026, FALN is down -0.91% year-to-date (YTD), while VCEB has lost -3.07%. That puts FALN better performer ahead so far this year.
Which ETF is attracting more investor money: FALN or VCEB?
Year-to-date, the FALN ETF saw -$208M in flows, compared to +$274M for VCEB.
Which ETF is more volatile: FALN or VCEB?
Over the past year, FALN had a volatility of 3.44%, while VCEB experienced 4.11%.
Which ETF is bigger: FALN or VCEB?
As of October 1, 2026, FALN holds $1.55 B in assets under management (AUM), while VCEB manages $1.20 B.
What sectors do the FALN and VCEB ETFs invest in?
FALN leans toward sectors like Finance, Consumer Cyclicals and Non-Energy Materials. Meanwhile, VCEB focuses on Finance, Technology and Healthcare.
What are the top holdings of the FALN ETF and VCEB ETF?
FALN top holdings include Vodafone Group, 7% 4apr2079, USD, GFL Environmental, 6.75% 15jan2031, USD and Resorts World Las Vegas, 4.625% 16apr2029, USD. VCEB holds in its top three: Wells Fargo, 4.15% 24jan2029, USD (Q), Morgan Stanley, 4.994% 12apr2029, USD (I) and Meta Platforms, 5.25% 15may2036, USD.
Which ETF is more diversified: FALN or VCEB?
FALN holds 155 securities with 23.57% of its assets in the top 15. VCEB has 2734 securities and a top 15 weight of 2.25%.
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