GFEA.DE vs. JGHY.DE
GFEA.DE (VanEck Global Fallen Angel High Yield Bond UCITS ETF) and JGHY.DE (JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc) are both High Yield Bonds funds. GFEA.DE is passively managed, while JGHY.DE is actively managed. Over the past 5 years, GFEA.DE returned 3.70%/yr vs 4.39%/yr for JGHY.DE. A 0.71 correlation means they provide meaningful diversification when combined. GFEA.DE charges 0.40%/yr vs 0.35%/yr for JGHY.DE.
Performance
GFEA.DE vs. JGHY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, GFEA.DE achieves a 6.88% return, which is significantly higher than JGHY.DE's 4.92% return.
GFEA.DE
- 1D
- 0.21%
- 1M
- 0.94%
- 6M
- 6.78%
- YTD
- 6.88%
- 1Y
- 8.93%
- 3Y*
- 7.74%
- 5Y*
- 3.70%
- 10Y*
- —
JGHY.DE
- 1D
- -0.21%
- 1M
- 1.20%
- 6M
- 3.93%
- YTD
- 4.92%
- 1Y
- 8.73%
- 3Y*
- 7.91%
- 5Y*
- 4.39%
- 10Y*
- —
GFEA.DE vs. JGHY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GFEA.DE VanEck Global Fallen Angel High Yield Bond UCITS ETF | 6.88% | -2.31% | 12.21% | 6.69% | -7.67% | 10.64% | 4.79% |
JGHY.DE JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc | 4.92% | -0.68% | 12.22% | 7.50% | -4.77% | 10.40% | -13.43% |
Correlation
The correlation between GFEA.DE and JGHY.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.71 |
The correlation between GFEA.DE and JGHY.DE shifts across timeframes, from 0.60 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GFEA.DE vs. JGHY.DE — Risk / Return Rank
GFEA.DE
JGHY.DE
GFEA.DE vs. JGHY.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 JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc (JGHY.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.
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.
| GFEA.DE | JGHY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.41 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 4.15 | -0.52 |
| Martin ratioReturn relative to average drawdown | 11.55 | 13.75 | -2.19 |
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Drawdowns
GFEA.DE vs. JGHY.DE - Drawdown Comparison
The maximum GFEA.DE drawdown since its inception was -22.88%, smaller than the maximum JGHY.DE drawdown of -24.72%. Use the drawdown chart below to compare losses from any high point for GFEA.DE and JGHY.DE.
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Drawdown Indicators
| GFEA.DE | JGHY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.88% | -24.72% | +1.84% |
Max Drawdown (1Y)Largest decline over 1 year | -2.45% | -2.32% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -9.97% | -10.49% | +0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -10.96% | -10.49% | -0.47% |
Current DrawdownCurrent decline from peak | -1.20% | -0.52% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -6.58% | +1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.70% | +0.07% |
Volatility
GFEA.DE vs. JGHY.DE - Volatility Comparison
VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFEA.DE) has a higher volatility of 3.15% compared to JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc (JGHY.DE) at 1.21%. This indicates that GFEA.DE's price experiences larger fluctuations and is considered to be riskier than JGHY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GFEA.DE | JGHY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 1.21% | +1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 5.40% | 3.04% | +2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.01% | 4.63% | +2.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.85% | 6.57% | +1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.56% | 8.78% | +1.78% |
GFEA.DE vs. JGHY.DE - Expense Ratio Comparison
GFEA.DE has a 0.40% expense ratio, which is higher than JGHY.DE's 0.35% expense ratio.
Dividends
GFEA.DE vs. JGHY.DE - Dividend Comparison
Neither GFEA.DE nor JGHY.DE has paid dividends to shareholders.
Frequently Asked Questions
GFEA.DE and JGHY.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JGHY.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JGHY.DE is cheaper with a 0.35% expense ratio, compared with 0.40% for GFEA.DE.
They also come from different issuers: VanEck and JPMorgan. Their fees differ too: 0.40% for GFEA.DE and 0.35% for JGHY.DE.
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