GFEA.DE vs. UEEF.DE
GFEA.DE (VanEck Global Fallen Angel High Yield Bond UCITS ETF) and UEEF.DE (iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc)) are both High Yield Bonds funds - GFEA.DE tracks the ICE Global Fallen Angel High Yield 10% Constrained while UEEF.DE tracks the Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (EUR Hedged). Both are passively managed. Over the past 5 years, GFEA.DE returned 3.70%/yr vs 1.44%/yr for UEEF.DE. At a 0.36 correlation, their price movements are largely independent. GFEA.DE charges 0.40%/yr vs 0.27%/yr for UEEF.DE.
Performance
GFEA.DE vs. UEEF.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 UEEF.DE's 0.70% 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*
- —
UEEF.DE
- 1D
- 0.17%
- 1M
- 0.00%
- 6M
- 0.70%
- YTD
- 0.70%
- 1Y
- 3.95%
- 3Y*
- 6.16%
- 5Y*
- 1.44%
- 10Y*
- —
GFEA.DE vs. UEEF.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% | 4.68% |
UEEF.DE iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) | 0.70% | 6.88% | 5.91% | 9.72% | -14.58% | 3.04% | 5.20% |
Correlation
The correlation between GFEA.DE and UEEF.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2020 | 0.36 |
The correlation between GFEA.DE and UEEF.DE shifts across timeframes, from 0.21 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GFEA.DE vs. UEEF.DE — Risk / Return Rank
GFEA.DE
UEEF.DE
GFEA.DE vs. UEEF.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 $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) (UEEF.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 | UEEF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.17 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 1.42 | +2.21 |
| Martin ratioReturn relative to average drawdown | 11.55 | 6.02 | +5.53 |
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Drawdowns
GFEA.DE vs. UEEF.DE - Drawdown Comparison
The maximum GFEA.DE drawdown since its inception was -22.88%, which is greater than UEEF.DE's maximum drawdown of -17.83%. Use the drawdown chart below to compare losses from any high point for GFEA.DE and UEEF.DE.
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Drawdown Indicators
| GFEA.DE | UEEF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.88% | -17.83% | -5.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.45% | -2.77% | +0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -9.97% | -5.10% | -4.87% |
Max Drawdown (5Y)Largest decline over 5 years | -10.96% | -17.83% | +6.87% |
Current DrawdownCurrent decline from peak | -1.20% | -0.17% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -4.87% | -0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.65% | +0.12% |
Volatility
GFEA.DE vs. UEEF.DE - Volatility Comparison
VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFEA.DE) has a higher volatility of 3.15% compared to iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) (UEEF.DE) at 0.99%. This indicates that GFEA.DE's price experiences larger fluctuations and is considered to be riskier than UEEF.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 | UEEF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 0.99% | +2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 5.40% | 3.83% | +1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.01% | 4.55% | +2.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.85% | 7.11% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.56% | 6.77% | +3.79% |
GFEA.DE vs. UEEF.DE - Expense Ratio Comparison
GFEA.DE has a 0.40% expense ratio, which is higher than UEEF.DE's 0.27% expense ratio.
Dividends
GFEA.DE vs. UEEF.DE - Dividend Comparison
Neither GFEA.DE nor UEEF.DE has paid dividends to shareholders.
Frequently Asked Questions
GFEA.DE and UEEF.DE have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEEF.DE is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEEF.DE is cheaper with a 0.27% expense ratio, compared with 0.40% for GFEA.DE.
GFEA.DE tracks ICE Global Fallen Angel High Yield 10% Constrained, while UEEF.DE tracks Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (EUR Hedged). They also come from different issuers: VanEck and iShares. Their fees differ too: 0.40% for GFEA.DE and 0.27% for UEEF.DE.
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