GFGB.L vs. WIAU.L
GFGB.L (VanEck Global Fallen Angel High Yield Bond UCITS ETF) and WIAU.L (iShares Fallen Angels High Yield Corporate Bond UCITS ETF USD (Acc)) 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 3.68%/yr for WIAU.L. A 0.57 correlation means they provide meaningful diversification when combined. GFGB.L charges 0.40%/yr vs 0.50%/yr for WIAU.L.
Performance
GFGB.L vs. WIAU.L - Performance Comparison
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Different Trading Currencies
GFGB.L is traded in GBP, while WIAU.L is traded in USD. To make them comparable, the WIAU.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 WIAU.L's 1.30% 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*
- —
WIAU.L
- 1D
- 0.16%
- 1M
- 1.30%
- YTD
- 1.30%
- 6M
- 0.58%
- 1Y
- 8.82%
- 3Y*
- 5.68%
- 5Y*
- 3.68%
- 10Y*
- —
GFGB.L vs. WIAU.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% | 6.08% |
WIAU.L iShares Fallen Angels High Yield Corporate Bond UCITS ETF USD (Acc) | 1.27% | 4.48% | 4.84% | 6.98% | -3.74% | 2.77% | 13.29% | 12.34% | 4.81% |
Correlation
The correlation between GFGB.L and WIAU.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2018 | 0.57 |
The correlation between GFGB.L and WIAU.L shifts across timeframes, from 0.43 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GFGB.L vs. WIAU.L — Risk / Return Rank
GFGB.L
WIAU.L
GFGB.L vs. WIAU.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 USD (Acc) (WIAU.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 | WIAU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.25 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 2.72 | +0.53 |
| Martin ratioReturn relative to average drawdown | 8.50 | 8.13 | +0.37 |
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 | WIAU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.40 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.50 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.66 | +0.01 |
Drawdowns
GFGB.L vs. WIAU.L - Drawdown Comparison
The maximum GFGB.L drawdown since its inception was -15.95%, roughly equal to the maximum WIAU.L drawdown of -15.49%. Use the drawdown chart below to compare losses from any high point for GFGB.L and WIAU.L.
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Drawdown Indicators
| GFGB.L | WIAU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.95% | -15.49% | -0.46% |
Max Drawdown (1Y)Largest decline over 1 year | -3.04% | -3.23% | +0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -7.54% | -6.82% | -0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -10.36% | -11.17% | +0.81% |
Current DrawdownCurrent decline from peak | -1.13% | -0.33% | -0.80% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -2.54% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 1.08% | +0.08% |
Volatility
GFGB.L vs. WIAU.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 USD (Acc) (WIAU.L) at 1.66%. This indicates that GFGB.L's price experiences larger fluctuations and is considered to be riskier than WIAU.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 | WIAU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 1.66% | +1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 5.86% | 4.99% | +0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.89% | 6.28% | +0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.81% | 7.64% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.80% | 9.53% | -0.73% |
GFGB.L vs. WIAU.L - Expense Ratio Comparison
GFGB.L has a 0.40% expense ratio, which is lower than WIAU.L's 0.50% expense ratio.
Dividends
GFGB.L vs. WIAU.L - Dividend Comparison
Neither GFGB.L nor WIAU.L has paid dividends to shareholders.
Frequently Asked Questions
GFGB.L and WIAU.L have a correlation of 0.43, 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 WIAU.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 WIAU.L.
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