GFA.L vs. MOAT.L
GFA.L (VanEck Global Fallen Angel High Yield Bond UCITS ETF) and MOAT.L (VanEck Morningstar US Sustainable Wide Moat UCITS ETF) are both exchange-traded funds - GFA.L is a High Yield Bonds fund tracking the VanEck Global Fallen Angel High Yield Bond UCITS ETF, while MOAT.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, GFA.L returned 2.71%/yr vs 3.69%/yr for MOAT.L. A 0.53 correlation means they provide meaningful diversification when combined. GFA.L charges 0.40%/yr vs 0.49%/yr for MOAT.L.
Performance
GFA.L vs. MOAT.L - Performance Comparison
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Returns By Period
In the year-to-date period, GFA.L achieves a 2.23% return, which is significantly higher than MOAT.L's 0.19% return.
GFA.L
- 1D
- -1.58%
- 1M
- -1.67%
- 6M
- 2.02%
- YTD
- 2.23%
- 1Y
- 5.68%
- 3Y*
- 7.70%
- 5Y*
- 2.71%
- 10Y*
- —
MOAT.L
- 1D
- 1.33%
- 1M
- 2.59%
- 6M
- -1.76%
- YTD
- 0.19%
- 1Y
- 8.33%
- 3Y*
- 7.77%
- 5Y*
- 3.69%
- 10Y*
- 10.71%
GFA.L vs. MOAT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GFA.L VanEck Global Fallen Angel High Yield Bond UCITS ETF | 2.23% | 9.97% | 6.02% | 10.29% | -12.56% | 1.93% | 16.95% | 13.34% | -3.62% |
MOAT.L VanEck Morningstar US Sustainable Wide Moat UCITS ETF | 0.19% | 7.34% | 11.12% | 18.37% | -18.70% | 25.53% | 13.62% | 33.78% | -3.48% |
Correlation
The correlation between GFA.L and MOAT.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2018 | 0.53 |
The correlation between GFA.L and MOAT.L shifts across timeframes, from 0.34 (1 year) to 0.55 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GFA.L vs. MOAT.L — Risk / Return Rank
GFA.L
MOAT.L
GFA.L vs. MOAT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFA.L) and VanEck Morningstar US Sustainable Wide Moat UCITS ETF (MOAT.L). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GFA.L | MOAT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.11 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 0.70 | +0.72 |
| Martin ratioReturn relative to average drawdown | 3.83 | 1.75 | +2.08 |
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Drawdowns
GFA.L vs. MOAT.L - Drawdown Comparison
The maximum GFA.L drawdown since its inception was -22.98%, smaller than the maximum MOAT.L drawdown of -32.78%. Use the drawdown chart below to compare losses from any high point for GFA.L and MOAT.L.
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Drawdown Indicators
| GFA.L | MOAT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.98% | -32.78% | +9.80% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -11.86% | +7.96% |
Max Drawdown (3Y)Largest decline over 3 years | -5.14% | -21.84% | +16.70% |
Max Drawdown (5Y)Largest decline over 5 years | -22.54% | -27.06% | +4.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.78% | — |
Current DrawdownCurrent decline from peak | -2.07% | -2.24% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -4.38% | -5.55% | +1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 4.74% | -3.29% |
Volatility
GFA.L vs. MOAT.L - Volatility Comparison
The current volatility for VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFA.L) is 2.17%, while VanEck Morningstar US Sustainable Wide Moat UCITS ETF (MOAT.L) has a volatility of 5.05%. This indicates that GFA.L experiences smaller price fluctuations and is considered to be less risky than MOAT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GFA.L | MOAT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.17% | 5.05% | -2.88% |
Volatility (6M)Calculated over the trailing 6-month period | 5.88% | 10.69% | -4.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.68% | 14.07% | -7.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.29% | 16.47% | -8.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.44% | 16.84% | -8.40% |
GFA.L vs. MOAT.L - Expense Ratio Comparison
GFA.L has a 0.40% expense ratio, which is lower than MOAT.L's 0.49% expense ratio.
Dividends
GFA.L vs. MOAT.L - Dividend Comparison
Neither GFA.L nor MOAT.L has paid dividends to shareholders.
Frequently Asked Questions
GFA.L and MOAT.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GFA.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GFA.L is cheaper with a 0.40% expense ratio, compared with 0.49% for MOAT.L.
GFA.L is categorized as High Yield Bonds, while MOAT.L is Large Cap Blend Equities. GFA.L tracks VanEck Global Fallen Angel High Yield Bond UCITS ETF, while MOAT.L tracks Russell 1000 TR USD. Their fees differ too: 0.40% for GFA.L and 0.49% for MOAT.L.
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