GB1E.DE vs. 6PSE.DE
GB1E.DE (Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc) and 6PSE.DE (Invesco MSCI USA UCITS ETF Dist) are both exchange-traded funds - GB1E.DE is a High Yield Bonds fund tracking the Bloomberg MSCI Global High Yield Liquid Corporate Climate Transition ESG Bond Index, while 6PSE.DE is a Large Cap Blend Equities fund tracking the MSCI USA. Both are passively managed. Over the past 3 years, GB1E.DE returned 6.25%/yr vs 19.18%/yr for 6PSE.DE. At a 0.46 correlation, their price movements are largely independent. GB1E.DE charges 0.30%/yr vs 0.05%/yr for 6PSE.DE.
Performance
GB1E.DE vs. 6PSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, GB1E.DE achieves a 0.54% return, which is significantly lower than 6PSE.DE's 11.33% return.
GB1E.DE
- 1D
- -0.14%
- 1M
- -0.35%
- YTD
- 0.54%
- 6M
- 0.93%
- 1Y
- 3.91%
- 3Y*
- 6.25%
- 5Y*
- —
- 10Y*
- —
6PSE.DE
- 1D
- -0.18%
- 1M
- 4.51%
- YTD
- 11.33%
- 6M
- 10.72%
- 1Y
- 25.24%
- 3Y*
- 19.18%
- 5Y*
- —
- 10Y*
- —
GB1E.DE vs. 6PSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GB1E.DE Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc | 0.54% | 5.84% | 5.89% | 6.21% |
6PSE.DE Invesco MSCI USA UCITS ETF Dist | 11.33% | 4.78% | 32.52% | 16.39% |
Correlation
The correlation between GB1E.DE and 6PSE.DE is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.46 |
The correlation between GB1E.DE and 6PSE.DE has been stable across timeframes, ranging from 0.45 to 0.52 - a consistent structural relationship.
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Return for Risk
GB1E.DE vs. 6PSE.DE — Risk / Return Rank
GB1E.DE
6PSE.DE
GB1E.DE vs. 6PSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.DE) and Invesco MSCI USA UCITS ETF Dist (6PSE.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| GB1E.DE | 6PSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.40 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 3.44 | -2.20 |
| Martin ratioReturn relative to average drawdown | 5.22 | 11.99 | -6.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GB1E.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 2.15 | -1.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.37 | 0.93 | +0.44 |
Drawdowns
GB1E.DE vs. 6PSE.DE - Drawdown Comparison
The maximum GB1E.DE drawdown since its inception was -4.31%, smaller than the maximum 6PSE.DE drawdown of -23.70%. Use the drawdown chart below to compare losses from any high point for GB1E.DE and 6PSE.DE.
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Drawdown Indicators
| GB1E.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.31% | -23.70% | +19.39% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -7.31% | +4.21% |
Max Drawdown (3Y)Largest decline over 3 years | -4.31% | -23.70% | +19.39% |
Current DrawdownCurrent decline from peak | -0.53% | -0.41% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -0.56% | -4.83% | +4.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 2.10% | -1.36% |
Volatility
GB1E.DE vs. 6PSE.DE - Volatility Comparison
The current volatility for Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.DE) is 1.09%, while Invesco MSCI USA UCITS ETF Dist (6PSE.DE) has a volatility of 2.73%. This indicates that GB1E.DE experiences smaller price fluctuations and is considered to be less risky than 6PSE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GB1E.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 2.73% | -1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 3.34% | 7.68% | -4.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 11.65% | -7.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.28% | 15.41% | -11.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.28% | 15.41% | -11.13% |
GB1E.DE vs. 6PSE.DE - Expense Ratio Comparison
GB1E.DE has a 0.30% expense ratio, which is higher than 6PSE.DE's 0.05% expense ratio.
Dividends
GB1E.DE vs. 6PSE.DE - Dividend Comparison
GB1E.DE has not paid dividends to shareholders, while 6PSE.DE's dividend yield for the trailing twelve months is around 1.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
6PSE.DE Invesco MSCI USA UCITS ETF Dist | 1.05% | 1.16% | 1.26% | 1.51% | 1.69% |
GB1E.DE Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GB1E.DE and 6PSE.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 6PSE.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
6PSE.DE is cheaper with a 0.05% expense ratio, compared with 0.30% for GB1E.DE.
GB1E.DE is categorized as High Yield Bonds, while 6PSE.DE is Large Cap Blend Equities. GB1E.DE tracks Bloomberg MSCI Global High Yield Liquid Corporate Climate Transition ESG Bond Index, while 6PSE.DE tracks MSCI USA. Their fees differ too: 0.30% for GB1E.DE and 0.05% for 6PSE.DE.
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