GFGB.L vs. HYFC.L
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 Acc (HYFC.L).
GFGB.L and HYFC.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. HYFC.L is a passively managed fund by Invesco that tracks the performance of the FTSE Time-Weighted US Fallen Angel Bond Select Index. It was launched on Jul 27, 2022. Both GFGB.L and HYFC.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. HYFC.L - Performance Comparison
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GFGB.L vs. HYFC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GFGB.L VanEck Global Fallen Angel High Yield Bond UCITS ETF | 0.85% | 2.41% | 7.87% | 4.27% | 2.30% |
HYFC.L Invesco US High Yield Fallen Angels UCITS ETF Acc | -0.03% | 1.81% | 7.00% | 4.72% | -1.78% |
Different Trading Currencies
GFGB.L is traded in GBP, while HYFC.L is traded in USD. To make them comparable, the HYFC.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 HYFC.L's -0.03% 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*
- —
HYFC.L
- 1D
- 0.97%
- 1M
- -0.70%
- YTD
- -0.03%
- 6M
- 1.08%
- 1Y
- 2.98%
- 3Y*
- 4.51%
- 5Y*
- —
- 10Y*
- —
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GFGB.L vs. HYFC.L - Expense Ratio Comparison
GFGB.L has a 0.40% expense ratio, which is lower than HYFC.L's 0.45% expense ratio.
Return for Risk
GFGB.L vs. HYFC.L — Risk / Return Rank
GFGB.L
HYFC.L
GFGB.L vs. HYFC.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 Acc (HYFC.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.L | HYFC.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.57 | 0.36 | +0.22 |
Sortino ratioReturn per unit of downside risk | 0.82 | 0.55 | +0.28 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.07 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.20 | 0.70 | +0.50 |
Martin ratioReturn relative to average drawdown | 2.89 | 1.99 | +0.90 |
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
| GFGB.L | HYFC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 0.36 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.35 | +0.29 |
Correlation
The correlation between GFGB.L and HYFC.L is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
GFGB.L vs. HYFC.L - Dividend Comparison
Neither GFGB.L nor HYFC.L has paid dividends to shareholders.
Drawdowns
GFGB.L vs. HYFC.L - Drawdown Comparison
The maximum GFGB.L drawdown since its inception was -15.95%, which is greater than HYFC.L's maximum drawdown of -12.28%. Use the drawdown chart below to compare losses from any high point for GFGB.L and HYFC.L.
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Drawdown Indicators
| GFGB.L | HYFC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.95% | -8.42% | -7.53% |
Max Drawdown (1Y)Largest decline over 1 year | -4.20% | -5.95% | +1.75% |
Max Drawdown (5Y)Largest decline over 5 years | -10.36% | — | — |
Current DrawdownCurrent decline from peak | -1.45% | -4.28% | +2.83% |
Average DrawdownAverage peak-to-trough decline | -2.55% | -1.64% | -0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 1.53% | -0.15% |
Volatility
GFGB.L vs. HYFC.L - Volatility Comparison
The current volatility for VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFGB.L) is 2.07%, while Invesco US High Yield Fallen Angels UCITS ETF Acc (HYFC.L) has a volatility of 2.65%. This indicates that GFGB.L experiences smaller price fluctuations and is considered to be less risky than HYFC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GFGB.L | HYFC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.07% | 2.65% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 4.54% | 6.02% | -1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.60% | 8.37% | -1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.66% | 8.92% | -1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.76% | 8.92% | -0.16% |