GFEA.DE vs. SYBK.DE
GFEA.DE (VanEck Global Fallen Angel High Yield Bond UCITS ETF) and SYBK.DE (SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist)) are both High Yield Bonds funds - GFEA.DE tracks the ICE Global Fallen Angel High Yield 10% Constrained while SYBK.DE tracks the Bloomberg SASB US Corporate High Yield ESG Ex-Controversies Select. Both are passively managed. Over the past 5 years, GFEA.DE returned 4.25%/yr vs 5.13%/yr for SYBK.DE. A 0.59 correlation means they provide meaningful diversification when combined. GFEA.DE charges 0.40%/yr vs 0.30%/yr for SYBK.DE.
Performance
GFEA.DE vs. SYBK.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 SYBK.DE's 2.75% 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*
- —
SYBK.DE
- 1D
- 0.05%
- 1M
- 1.49%
- YTD
- 2.75%
- 6M
- 1.90%
- 1Y
- 4.67%
- 3Y*
- 6.03%
- 5Y*
- 5.13%
- 10Y*
- 4.73%
GFEA.DE vs. SYBK.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% |
SYBK.DE SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) | 2.75% | -4.18% | 15.91% | 8.73% | -5.33% | 13.84% | -4.47% | 12.57% | 5.46% |
Correlation
The correlation between GFEA.DE and SYBK.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2018 | 0.59 |
The correlation between GFEA.DE and SYBK.DE shifts across timeframes, from 0.59 (all time) to 0.73 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
GFEA.DE vs. SYBK.DE — Risk / Return Rank
GFEA.DE
SYBK.DE
GFEA.DE vs. SYBK.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 SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) (SYBK.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 | SYBK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.14 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 1.45 | +1.47 |
| Martin ratioReturn relative to average drawdown | 9.56 | 3.91 | +5.65 |
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 | SYBK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 0.77 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.61 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.61 | +0.16 |
Drawdowns
GFEA.DE vs. SYBK.DE - Drawdown Comparison
The maximum GFEA.DE drawdown since its inception was -22.87%, which is greater than SYBK.DE's maximum drawdown of -19.71%. Use the drawdown chart below to compare losses from any high point for GFEA.DE and SYBK.DE.
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Drawdown Indicators
| GFEA.DE | SYBK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.87% | -19.71% | -3.16% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -3.17% | +0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -9.98% | -12.84% | +2.86% |
Max Drawdown (5Y)Largest decline over 5 years | -10.97% | -12.84% | +1.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.71% | — |
Current DrawdownCurrent decline from peak | -0.60% | -4.42% | +3.82% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -4.26% | +0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 1.17% | -0.42% |
Volatility
GFEA.DE vs. SYBK.DE - Volatility Comparison
VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFEA.DE) has a higher volatility of 1.85% compared to SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) (SYBK.DE) at 1.31%. This indicates that GFEA.DE's price experiences larger fluctuations and is considered to be riskier than SYBK.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 | SYBK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 1.31% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 4.63% | 4.11% | +0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.85% | 5.95% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.72% | 8.26% | -0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.51% | 8.44% | +1.07% |
GFEA.DE vs. SYBK.DE - Expense Ratio Comparison
GFEA.DE has a 0.40% expense ratio, which is higher than SYBK.DE's 0.30% expense ratio.
Dividends
GFEA.DE vs. SYBK.DE - Dividend Comparison
GFEA.DE has not paid dividends to shareholders, while SYBK.DE's dividend yield for the trailing twelve months is around 7.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
SYBK.DE SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) | 7.17% | 7.68% | 6.96% | 6.73% | 5.79% | 5.11% | 6.01% | 5.54% | 5.04% | 6.51% | 5.30% | 5.35% |
Frequently Asked Questions
GFEA.DE and SYBK.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBK.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBK.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for GFEA.DE.
GFEA.DE tracks ICE Global Fallen Angel High Yield 10% Constrained, while SYBK.DE tracks Bloomberg SASB US Corporate High Yield ESG Ex-Controversies Select. They also come from different issuers: VanEck and State Street. Their fees differ too: 0.40% for GFEA.DE and 0.30% for SYBK.DE.
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