GFEA.DE vs. XUHE.DE
GFEA.DE (VanEck Global Fallen Angel High Yield Bond UCITS ETF) and XUHE.DE (Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc)) are both High Yield Bonds funds - GFEA.DE tracks the ICE Global Fallen Angel High Yield 10% Constrained while XUHE.DE tracks the Bloomberg US High Yield Very Liquid ex 144A Index (EUR Hedged). Both are passively managed. Over the past 3 years, GFEA.DE returned 7.74%/yr vs 6.21%/yr for XUHE.DE. At a 0.22 correlation, their price movements are largely independent. GFEA.DE charges 0.40%/yr vs 0.25%/yr for XUHE.DE.
Performance
GFEA.DE vs. XUHE.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 XUHE.DE's 1.03% 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*
- —
XUHE.DE
- 1D
- 0.00%
- 1M
- -0.18%
- 6M
- 0.79%
- YTD
- 1.03%
- 1Y
- 4.32%
- 3Y*
- 6.21%
- 5Y*
- —
- 10Y*
- —
GFEA.DE vs. XUHE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GFEA.DE VanEck Global Fallen Angel High Yield Bond UCITS ETF | 6.88% | -2.31% | 12.21% | 6.69% | -7.67% | 2.73% |
XUHE.DE Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) | 1.03% | 7.00% | 5.04% | 10.87% | -14.46% | 0.91% |
Correlation
The correlation between GFEA.DE and XUHE.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021 | 0.22 |
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Return for Risk
GFEA.DE vs. XUHE.DE — Risk / Return Rank
GFEA.DE
XUHE.DE
GFEA.DE vs. XUHE.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 Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) (XUHE.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 | XUHE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.21 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 1.43 | +2.20 |
| Martin ratioReturn relative to average drawdown | 11.55 | 6.70 | +4.85 |
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Drawdowns
GFEA.DE vs. XUHE.DE - Drawdown Comparison
The maximum GFEA.DE drawdown since its inception was -22.88%, which is greater than XUHE.DE's maximum drawdown of -17.56%. Use the drawdown chart below to compare losses from any high point for GFEA.DE and XUHE.DE.
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Drawdown Indicators
| GFEA.DE | XUHE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.88% | -17.56% | -5.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.45% | -3.00% | +0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -9.97% | -5.20% | -4.77% |
Max Drawdown (5Y)Largest decline over 5 years | -10.96% | — | — |
Current DrawdownCurrent decline from peak | -1.20% | -0.30% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -5.45% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.64% | +0.13% |
Volatility
GFEA.DE vs. XUHE.DE - Volatility Comparison
VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFEA.DE) has a higher volatility of 3.15% compared to Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) (XUHE.DE) at 1.05%. This indicates that GFEA.DE's price experiences larger fluctuations and is considered to be riskier than XUHE.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 | XUHE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 1.05% | +2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 5.40% | 3.48% | +1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.01% | 4.13% | +2.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.85% | 7.41% | +0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.56% | 7.41% | +3.15% |
GFEA.DE vs. XUHE.DE - Expense Ratio Comparison
GFEA.DE has a 0.40% expense ratio, which is higher than XUHE.DE's 0.25% expense ratio.
Dividends
GFEA.DE vs. XUHE.DE - Dividend Comparison
Neither GFEA.DE nor XUHE.DE has paid dividends to shareholders.
Frequently Asked Questions
GFEA.DE and XUHE.DE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUHE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUHE.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for GFEA.DE.
GFEA.DE tracks ICE Global Fallen Angel High Yield 10% Constrained, while XUHE.DE tracks Bloomberg US High Yield Very Liquid ex 144A Index (EUR Hedged). They also come from different issuers: VanEck and Xtrackers. Their fees differ too: 0.40% for GFEA.DE and 0.25% for XUHE.DE.
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