PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
GFGB.L vs. FAHY.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

GFGB.L vs. FAHY.L

Last updated Apr 2, 2026

Compare and contrast key facts about VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFGB.L) and Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.L).

GFGB.L and FAHY.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GFGB.L is a passively managed fund by VanEck that tracks the performance of the ICE BofA Gbl HY Constnd TR USD. It was launched on Mar 19, 2018. FAHY.L is a passively managed fund by Invesco that tracks the performance of the Bloomberg US Corporate High Yield TR USD. It was launched on Sep 1, 2016. Both GFGB.L and FAHY.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

GFGB.L vs. FAHY.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFGB.L) and Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.L). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

GFGB.L vs. FAHY.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
GFGB.L
VanEck Global Fallen Angel High Yield Bond UCITS ETF		0.85%2.41%7.87%4.27%-2.32%3.31%13.08%9.77%6.75%
FAHY.L
Invesco US High Yield Fallen Angels UCITS ETF Dist		-1.05%2.08%6.93%4.14%-3.51%6.81%5.36%9.22%7.35%
Different Trading Currencies

GFGB.L is traded in GBP, while FAHY.L is traded in GBp. To make them comparable, the FAHY.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, GFGB.L achieves a 0.85% return, which is significantly higher than FAHY.L's -1.05% return.

GFGB.L

1D
-0.16%
1M
-1.45%
YTD
0.85%
6M
1.64%
1Y
3.78%
3Y*
4.76%
5Y*
3.69%
10Y*
—

FAHY.L

1D
-0.16%
1M
-1.90%
YTD
-1.05%
6M
0.10%
1Y
2.12%
3Y*
4.27%
5Y*
3.14%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VanEck Global Fallen Angel High Yield Bond UCITS ETF

Invesco US High Yield Fallen Angels UCITS ETF Dist

Often compared with GFGB.L:
GFGB.L vs. PBDCGFGB.L vs. EHYG.LGFGB.L vs. IHYU.LGFGB.L vs. HYFC.LGFGB.L vs. JHYP.LGFGB.L vs. STHY.LGFGB.L vs. JGYH.L
Often compared with FAHY.L:
FAHY.L vs. SHYU.LFAHY.L vs. SSHY.LFAHY.L vs. VEMT.LFAHY.L vs. RISE.LFAHY.L vs. JHYU.LFAHY.L vs. STHE.LFAHY.L vs. UHYG.L

GFGB.L vs. FAHY.L - Expense Ratio Comparison

GFGB.L has a 0.40% expense ratio, which is lower than FAHY.L's 0.45% expense ratio.

FAHY.L
Invesco US High Yield Fallen Angels UCITS ETF Dist
GFGB.L
VanEck Global Fallen Angel High Yield Bond UCITS ETF

Return for Risk

GFGB.L vs. FAHY.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GFGB.L
GFGB.L Risk / Return Rank: 3030
Overall Rank
GFGB.L Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
GFGB.L Sortino Ratio Rank: 2626
Sortino Ratio Rank
GFGB.L Omega Ratio Rank: 2525
Omega Ratio Rank
GFGB.L Calmar Ratio Rank: 4141
Calmar Ratio Rank
GFGB.L Martin Ratio Rank: 3030
Martin Ratio Rank
FAHY.L
FAHY.L Risk / Return Rank: 1919
Overall Rank
FAHY.L Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
FAHY.L Sortino Ratio Rank: 1717
Sortino Ratio Rank
FAHY.L Omega Ratio Rank: 1616
Omega Ratio Rank
FAHY.L Calmar Ratio Rank: 2424
Calmar Ratio Rank
FAHY.L Martin Ratio Rank: 2121
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GFGB.L vs. FAHY.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFGB.L) and Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.L). 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.

GFGB.LFAHY.LDifference

Sharpe ratio

Return per unit of total volatility

0.57

0.29

+0.28

Sortino ratio

Return per unit of downside risk

0.82

0.44

+0.38

Omega ratio

Gain probability vs. loss probability

1.11

1.06

+0.05

Calmar ratio

Return relative to maximum drawdown

1.20

0.59

+0.61

Martin ratio

Return relative to average drawdown

2.89

1.49

+1.40

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GFGB.L vs. FAHY.L - Sharpe Ratio Comparison

The current GFGB.L Sharpe Ratio is 0.57, which is higher than the FAHY.L Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of GFGB.L and FAHY.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

GFGB.LFAHY.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.57

0.29

+0.28

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.48

0.38

+0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

0.42

+0.22

Correlation

The correlation between GFGB.L and FAHY.L is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

GFGB.L vs. FAHY.L - Dividend Comparison

GFGB.L has not paid dividends to shareholders, while FAHY.L's dividend yield for the trailing twelve months is around 6.67%.

TTM2025202420232022202120202019201820172016
GFGB.L
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%
FAHY.L
Invesco US High Yield Fallen Angels UCITS ETF Dist		6.67%6.61%6.89%6.85%5.66%4.54%6.26%6.22%6.01%5.63%1.23%

Drawdowns

GFGB.L vs. FAHY.L - Drawdown Comparison

The maximum GFGB.L drawdown since its inception was -15.95%, smaller than the maximum FAHY.L drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for GFGB.L and FAHY.L.

Loading graphics...

Drawdown Indicators

GFGB.LFAHY.LDifference

Max Drawdown

Largest peak-to-trough decline

-15.95%

-23.91%

+7.96%

Max Drawdown (1Y)

Largest decline over 1 year

-4.20%

-5.78%

+1.58%

Max Drawdown (5Y)

Largest decline over 5 years

-10.36%

-11.66%

+1.30%

Current Drawdown

Current decline from peak

-1.45%

-2.82%

+1.37%

Average Drawdown

Average peak-to-trough decline

-2.55%

-4.19%

+1.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.38%

1.57%

-0.19%

Volatility

GFGB.L vs. FAHY.L - Volatility Comparison

VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFGB.L) has a higher volatility of 2.07% compared to Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.L) at 1.89%. This indicates that GFGB.L's price experiences larger fluctuations and is considered to be riskier than FAHY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

GFGB.LFAHY.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.07%

1.89%

+0.18%

Volatility (6M)

Calculated over the trailing 6-month period

4.54%

4.28%

+0.26%

Volatility (1Y)

Calculated over the trailing 1-year period

6.60%

7.16%

-0.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.66%

8.31%

-0.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.76%

10.03%

-1.27%