Using $1310.6\times10^6$ $J/\psi$ and $447.9\times10^6$ $\psi(3686)$ events collected with the BESIII detector at the BEPCII $e^{+}e^{-}$ collider, the branching fractions and the angular distributions of $J/\psi$ and $\psi(3686)$ decays to $\Lambda\bar{\Lambda}$ and $\Sigma^0\bar{\Sigma}^0$ final states are measured. The branching fractions are in agreement with, and much more precise than, the averages of previously published results. The polar angular distributions of $\psi(3686)$ decays are measured for the first time, while those of $J/\psi$ decays are measured with much improved precision. In addition, the ratios of branching fractions $\frac{\mathcal{B}(\psi(3686)\to\Lambda\bar{\Lambda})}{\mathcal{B}(J/\psi\to\Lambda\bar{\Lambda})}$ and $\frac{\mathcal{B}(\psi(3686)\to\Sigma^0\bar{\Sigma}^0)}{\mathcal{B}(J/\psi\to\Sigma^0\bar{\Sigma}^0)}$ are determined are determined to test the "12\% rule".