GFGB.L vs. RISE.L
GFGB.L (VanEck Global Fallen Angel High Yield Bond UCITS ETF) and RISE.L (iShares Fallen Angels High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds tracking the ICE BofA Gbl HY Constnd TR USD, from VanEck and iShares respectively. Both are passively managed. Over the past 5 years, GFGB.L returned 4.31%/yr vs 4.64%/yr for RISE.L. A 0.79 correlation means they provide meaningful diversification when combined. GFGB.L charges 0.40%/yr vs 0.50%/yr for RISE.L.
Performance
GFGB.L vs. RISE.L - Performance Comparison
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Different Trading Currencies
GFGB.L is traded in GBP, while RISE.L is traded in GBp. To make them comparable, the RISE.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 3.80% return, which is significantly higher than RISE.L's 1.29% return.
GFGB.L
- 1D
- 0.23%
- 1M
- 1.74%
- YTD
- 3.80%
- 6M
- 3.63%
- 1Y
- 9.92%
- 3Y*
- 6.58%
- 5Y*
- 4.31%
- 10Y*
- —
RISE.L
- 1D
- 0.13%
- 1M
- 1.26%
- YTD
- 1.29%
- 6M
- 1.50%
- 1Y
- 9.82%
- 3Y*
- 6.74%
- 5Y*
- 4.64%
- 10Y*
- —
GFGB.L vs. RISE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GFGB.L VanEck Global Fallen Angel High Yield Bond UCITS ETF | 3.80% | 2.41% | 7.87% | 4.27% | -2.32% | 3.31% | 13.08% | 9.77% | 6.75% |
RISE.L iShares Fallen Angels High Yield Corporate Bond UCITS ETF | 1.29% | 5.86% | 5.76% | 7.62% | -3.13% | 4.04% | 14.09% | 13.14% | 7.53% |
Correlation
The correlation between GFGB.L and RISE.L is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2018 | 0.79 |
The correlation between GFGB.L and RISE.L has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.
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Return for Risk
GFGB.L vs. RISE.L — Risk / Return Rank
GFGB.L
RISE.L
GFGB.L vs. RISE.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 iShares Fallen Angels High Yield Corporate Bond UCITS ETF (RISE.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 | RISE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.36 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 3.42 | -0.17 |
| Martin ratioReturn relative to average drawdown | 8.50 | 10.87 | -2.37 |
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 | RISE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 2.00 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.70 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.85 | -0.18 |
Drawdowns
GFGB.L vs. RISE.L - Drawdown Comparison
The maximum GFGB.L drawdown since its inception was -15.95%, which is greater than RISE.L's maximum drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for GFGB.L and RISE.L.
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Drawdown Indicators
| GFGB.L | RISE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.95% | -14.31% | -1.64% |
Max Drawdown (1Y)Largest decline over 1 year | -3.04% | -2.86% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -7.54% | -6.65% | -0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -10.36% | -10.05% | -0.31% |
Current DrawdownCurrent decline from peak | -1.13% | -0.25% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -2.24% | -0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 0.90% | +0.26% |
Volatility
GFGB.L vs. RISE.L - Volatility Comparison
VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFGB.L) has a higher volatility of 3.51% compared to iShares Fallen Angels High Yield Corporate Bond UCITS ETF (RISE.L) at 1.24%. This indicates that GFGB.L's price experiences larger fluctuations and is considered to be riskier than RISE.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 | RISE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 1.24% | +2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 5.86% | 3.62% | +2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.89% | 4.90% | +1.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.81% | 6.66% | +1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.80% | 8.83% | -0.03% |
GFGB.L vs. RISE.L - Expense Ratio Comparison
GFGB.L has a 0.40% expense ratio, which is lower than RISE.L's 0.50% expense ratio.
Dividends
GFGB.L vs. RISE.L - Dividend Comparison
GFGB.L has not paid dividends to shareholders, while RISE.L's dividend yield for the trailing twelve months is around 8.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RISE.L iShares Fallen Angels High Yield Corporate Bond UCITS ETF | 8.29% | 6.61% | 6.89% | 6.13% | 5.06% | 4.52% | 4.96% | 5.81% | 6.42% | 5.91% | 2.65% |
Frequently Asked Questions
GFGB.L and RISE.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GFGB.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GFGB.L is cheaper with a 0.40% expense ratio, compared with 0.50% for RISE.L.
Both ETFs track ICE BofA Gbl HY Constnd TR USD. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.40% for GFGB.L and 0.50% for RISE.L.
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