HYLE.DE vs. GFEA.DE

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist (HYLE.DE) and VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFEA.DE).

HYLE.DE and GFEA.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYLE.DE is a passively managed fund by iShares that tracks the performance of the iBoxx® Global Developed Markets Liquid High Yield Capped (EUR Hedged). It was launched on Apr 26, 2019. GFEA.DE is a passively managed fund by VanEck that tracks the performance of the ICE Global Fallen Angel High Yield 10% Constrained. It was launched on Mar 19, 2018. Both HYLE.DE and GFEA.DE 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

HYLE.DE vs. GFEA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist (HYLE.DE) and VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFEA.DE). The values are adjusted to include any dividend payments, if applicable.

HYLE.DE vs. GFEA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HYLE.DE iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist	-0.86%	5.98%	5.45%	9.62%	-10.62%	3.02%	2.52%	3.53%
GFEA.DE VanEck Global Fallen Angel High Yield Bond UCITS ETF	0.72%	-2.31%	12.20%	6.70%	-7.42%	10.35%	6.62%	7.39%

Returns By Period

In the year-to-date period, HYLE.DE achieves a -0.86% return, which is significantly lower than GFEA.DE's 0.72% return.

HYLE.DE

• 1D: 1.15%
• 1M: -0.94%
• YTD: -0.86%
• 6M: 0.04%
• 1Y: 4.18%
• 3Y*: 5.98%
• 5Y*: 2.05%
• 10Y*: —

GFEA.DE

• 1D: -0.74%
• 1M: -1.59%
• YTD: 0.72%
• 6M: 0.97%
• 1Y: -0.81%
• 3Y*: 4.86%
• 5Y*: 3.09%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HYLE.DE vs. GFEA.DE - Expense Ratio Comparison

HYLE.DE has a 0.55% expense ratio, which is higher than GFEA.DE's 0.40% expense ratio.

HYLE.DE

iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist

GFEA.DE

VanEck Global Fallen Angel High Yield Bond UCITS ETF

Return for Risk

HYLE.DE vs. GFEA.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYLE.DE

HYLE.DE Risk / Return Rank: 55
HYLE.DE Sharpe Ratio Rank: 56
HYLE.DE Sortino Ratio Rank: 56
HYLE.DE Omega Ratio Rank: 54
HYLE.DE Calmar Ratio Rank: 50
HYLE.DE Martin Ratio Rank: 59

GFEA.DE

GFEA.DE Risk / Return Rank: 9
GFEA.DE Sharpe Ratio Rank: 9
GFEA.DE Sortino Ratio Rank: 8
GFEA.DE Omega Ratio Rank: 8
GFEA.DE Calmar Ratio Rank: 9
GFEA.DE Martin Ratio Rank: 9

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.

HYLE.DE vs. GFEA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist (HYLE.DE) and VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFEA.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.

	HYLE.DE	GFEA.DE	Difference
Sharpe ratio Return per unit of total volatility	1.06	-0.11	+1.17
Sortino ratio Return per unit of downside risk	1.56	-0.10	+1.65
Omega ratio Gain probability vs. loss probability	1.22	0.99	+0.23
Calmar ratio Return relative to maximum drawdown	1.47	-0.12	+1.59
Martin ratio Return relative to average drawdown	6.56	-0.41	+6.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYLE.DE vs. GFEA.DE - Sharpe Ratio Comparison

The current HYLE.DE Sharpe Ratio is 1.06, which is higher than the GFEA.DE Sharpe Ratio of -0.11. The chart below compares the historical Sharpe Ratios of HYLE.DE and GFEA.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HYLE.DE	GFEA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	-0.11	+1.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.40	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.71	-0.42

Correlation

The correlation between HYLE.DE and GFEA.DE is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

HYLE.DE vs. GFEA.DE - Dividend Comparison

HYLE.DE's dividend yield for the trailing twelve months is around 5.44%, while GFEA.DE has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019
HYLE.DE iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist	5.44%	5.34%	5.38%	4.76%	4.17%	3.83%	4.50%	1.75%
GFEA.DE 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%

Drawdowns

HYLE.DE vs. GFEA.DE - Drawdown Comparison

The maximum HYLE.DE drawdown since its inception was -22.59%, roughly equal to the maximum GFEA.DE drawdown of -22.87%. Use the drawdown chart below to compare losses from any high point for HYLE.DE and GFEA.DE.

Drawdown Indicators

	HYLE.DE	GFEA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-22.59%	-22.87%	+0.28%
Max Drawdown (1Y) Largest decline over 1 year	-3.10%	-6.84%	+3.74%
Max Drawdown (5Y) Largest decline over 5 years	-15.38%	-10.97%	-4.41%
Current Drawdown Current decline from peak	-1.50%	-3.89%	+2.39%
Average Drawdown Average peak-to-trough decline	-3.54%	-3.42%	-0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.63%	1.35%	-0.72%

Volatility

HYLE.DE vs. GFEA.DE - Volatility Comparison

iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist (HYLE.DE) and VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFEA.DE) have volatilities of 1.98% and 1.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYLE.DE	GFEA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.98%	1.92%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	2.63%	4.00%	-1.37%
Volatility (1Y) Calculated over the trailing 1-year period	3.94%	7.40%	-3.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.82%	7.69%	-1.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.46%	9.56%	-1.10%