GFEA.DE vs. GB1E.DE
Compare and contrast key facts about VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFEA.DE) and Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.DE).
GFEA.DE and GB1E.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GFEA.DE is a passively managed fund by VanEck that tracks the performance of the ICE Global Fallen Angel High Yield 10% Constrained. It was launched on Mar 19, 2018. GB1E.DE is a passively managed fund by Invesco that tracks the performance of the Bloomberg MSCI Global High Yield Liquid Corporate Climate Transition ESG Bond Index. It was launched on Apr 12, 2023. Both GFEA.DE and GB1E.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GFEA.DE vs. GB1E.DE - Performance Comparison
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GFEA.DE vs. GB1E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GFEA.DE VanEck Global Fallen Angel High Yield Bond UCITS ETF | 0.72% | -2.31% | 12.20% | 5.58% |
GB1E.DE Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc | -1.32% | 5.84% | 5.89% | 6.21% |
Returns By Period
In the year-to-date period, GFEA.DE achieves a 0.72% return, which is significantly higher than GB1E.DE's -1.32% return.
GFEA.DE
- 1D
- -0.74%
- 1M
- -1.59%
- YTD
- 0.72%
- 6M
- 0.97%
- 1Y
- -0.81%
- 3Y*
- 4.86%
- 5Y*
- 3.09%
- 10Y*
- —
GB1E.DE
- 1D
- 0.46%
- 1M
- -1.32%
- YTD
- -1.32%
- 6M
- -0.58%
- 1Y
- 3.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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GFEA.DE vs. GB1E.DE - Expense Ratio Comparison
GFEA.DE has a 0.40% expense ratio, which is higher than GB1E.DE's 0.30% expense ratio.
Return for Risk
GFEA.DE vs. GB1E.DE — Risk / Return Rank
GFEA.DE
GB1E.DE
GFEA.DE vs. GB1E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFEA.DE) and Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.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.
| GFEA.DE | GB1E.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.11 | 0.77 | -0.88 |
Sortino ratioReturn per unit of downside risk | -0.10 | 1.07 | -1.17 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.16 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | -0.12 | 1.07 | -1.19 |
Martin ratioReturn relative to average drawdown | -0.41 | 4.50 | -4.91 |
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
| GFEA.DE | GB1E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.11 | 0.77 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 1.33 | -0.62 |
Correlation
The correlation between GFEA.DE and GB1E.DE is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GFEA.DE vs. GB1E.DE - Dividend Comparison
Neither GFEA.DE nor GB1E.DE has paid dividends to shareholders.
Drawdowns
GFEA.DE vs. GB1E.DE - Drawdown Comparison
The maximum GFEA.DE drawdown since its inception was -22.87%, which is greater than GB1E.DE's maximum drawdown of -4.31%. Use the drawdown chart below to compare losses from any high point for GFEA.DE and GB1E.DE.
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Drawdown Indicators
| GFEA.DE | GB1E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.87% | -4.31% | -18.56% |
Max Drawdown (1Y)Largest decline over 1 year | -6.84% | -3.49% | -3.35% |
Max Drawdown (5Y)Largest decline over 5 years | -10.97% | — | — |
Current DrawdownCurrent decline from peak | -3.89% | -2.24% | -1.65% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -0.56% | -2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 0.74% | +0.61% |
Volatility
GFEA.DE vs. GB1E.DE - Volatility Comparison
VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFEA.DE) and Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.DE) have volatilities of 1.92% and 1.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GFEA.DE | GB1E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 1.96% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.00% | 2.71% | +1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.40% | 4.40% | +3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.69% | 4.17% | +3.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.56% | 4.17% | +5.39% |