GFEA.DE vs. QDVQ.DE
GFEA.DE (VanEck Global Fallen Angel High Yield Bond UCITS ETF) and QDVQ.DE (iShares Fallen Angels High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds - GFEA.DE tracks the ICE Global Fallen Angel High Yield 10% Constrained while QDVQ.DE tracks the Bloomberg Global Corporate ex EM Fallen Angels 3% Capped. Both are passively managed. Over the past 5 years, GFEA.DE returned 4.25%/yr vs 3.51%/yr for QDVQ.DE. A 0.55 correlation means they provide meaningful diversification when combined. GFEA.DE charges 0.40%/yr vs 0.50%/yr for QDVQ.DE.
Performance
GFEA.DE vs. QDVQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, GFEA.DE achieves a 5.14% return, which is significantly higher than QDVQ.DE's 2.23% return.
GFEA.DE
- 1D
- -0.60%
- 1M
- 1.51%
- YTD
- 5.14%
- 6M
- 4.54%
- 1Y
- 7.23%
- 3Y*
- 6.53%
- 5Y*
- 4.25%
- 10Y*
- —
QDVQ.DE
- 1D
- 0.06%
- 1M
- 1.02%
- YTD
- 2.23%
- 6M
- 1.76%
- 1Y
- 5.75%
- 3Y*
- 5.48%
- 5Y*
- 3.51%
- 10Y*
- —
GFEA.DE vs. QDVQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GFEA.DE VanEck Global Fallen Angel High Yield Bond UCITS ETF | 5.14% | -2.31% | 12.20% | 6.70% | -7.42% | 10.35% | 6.62% | 16.50% | 1.86% |
QDVQ.DE iShares Fallen Angels High Yield Corporate Bond UCITS ETF | 2.23% | 0.11% | 8.76% | 8.83% | -9.03% | 10.74% | 7.49% | 18.50% | 1.14% |
Correlation
The correlation between GFEA.DE and QDVQ.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2018 | 0.55 |
The correlation between GFEA.DE and QDVQ.DE shifts across timeframes, from 0.55 (all time) to 0.66 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GFEA.DE vs. QDVQ.DE — Risk / Return Rank
GFEA.DE
QDVQ.DE
GFEA.DE vs. QDVQ.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 iShares Fallen Angels High Yield Corporate Bond UCITS ETF (QDVQ.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 | QDVQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.20 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 1.94 | +0.98 |
| Martin ratioReturn relative to average drawdown | 9.56 | 6.98 | +2.58 |
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 | QDVQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.15 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.54 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.65 | +0.12 |
Drawdowns
GFEA.DE vs. QDVQ.DE - Drawdown Comparison
The maximum GFEA.DE drawdown since its inception was -22.87%, roughly equal to the maximum QDVQ.DE drawdown of -22.94%. Use the drawdown chart below to compare losses from any high point for GFEA.DE and QDVQ.DE.
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Drawdown Indicators
| GFEA.DE | QDVQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.87% | -22.94% | +0.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -2.90% | +0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -9.98% | -9.27% | -0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -10.97% | -11.15% | +0.18% |
Current DrawdownCurrent decline from peak | -0.60% | -0.24% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -2.84% | -0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 0.81% | -0.06% |
Volatility
GFEA.DE vs. QDVQ.DE - Volatility Comparison
VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFEA.DE) has a higher volatility of 1.85% compared to iShares Fallen Angels High Yield Corporate Bond UCITS ETF (QDVQ.DE) at 1.21%. This indicates that GFEA.DE's price experiences larger fluctuations and is considered to be riskier than QDVQ.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 | QDVQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 1.21% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 4.63% | 3.53% | +1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.85% | 4.87% | +0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.72% | 6.40% | +1.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.51% | 8.33% | +1.18% |
GFEA.DE vs. QDVQ.DE - Expense Ratio Comparison
GFEA.DE has a 0.40% expense ratio, which is lower than QDVQ.DE's 0.50% expense ratio.
Dividends
GFEA.DE vs. QDVQ.DE - Dividend Comparison
GFEA.DE has not paid dividends to shareholders, while QDVQ.DE's dividend yield for the trailing twelve months is around 7.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GFEA.DE VanEck Global Fallen Angel High Yield Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QDVQ.DE iShares Fallen Angels High Yield Corporate Bond UCITS ETF | 7.11% | 5.73% | 5.78% | 5.26% | 4.47% | 3.82% | 4.44% | 4.56% | 4.96% | 4.65% | 2.13% |
Frequently Asked Questions
GFEA.DE and QDVQ.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GFEA.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GFEA.DE is cheaper with a 0.40% expense ratio, compared with 0.50% for QDVQ.DE.
GFEA.DE tracks ICE Global Fallen Angel High Yield 10% Constrained, while QDVQ.DE tracks Bloomberg Global Corporate ex EM Fallen Angels 3% Capped. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.40% for GFEA.DE and 0.50% for QDVQ.DE.
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