IS0R.DE vs. GFEA.DE
IS0R.DE (iShares USD High Yield Corporate Bond UCITS ETF USD (Dist)) and GFEA.DE (VanEck Global Fallen Angel High Yield Bond UCITS ETF) are both High Yield Bonds funds - IS0R.DE tracks the iBoxx® USD Liquid High Yield Capped while GFEA.DE tracks the ICE Global Fallen Angel High Yield 10% Constrained. Both are passively managed. Over the past 5 years, IS0R.DE returned 4.94%/yr vs 4.25%/yr for GFEA.DE. A 0.60 correlation means they provide meaningful diversification when combined. IS0R.DE charges 0.50%/yr vs 0.40%/yr for GFEA.DE.
Performance
IS0R.DE vs. GFEA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0R.DE achieves a 2.44% return, which is significantly lower than GFEA.DE's 5.14% return.
IS0R.DE
- 1D
- 0.10%
- 1M
- 1.07%
- YTD
- 2.44%
- 6M
- 2.00%
- 1Y
- 5.17%
- 3Y*
- 5.34%
- 5Y*
- 4.94%
- 10Y*
- 4.79%
GFEA.DE
- 1D
- -0.60%
- 1M
- 1.66%
- YTD
- 5.14%
- 6M
- 4.77%
- 1Y
- 7.14%
- 3Y*
- 6.53%
- 5Y*
- 4.25%
- 10Y*
- —
IS0R.DE vs. GFEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IS0R.DE iShares USD High Yield Corporate Bond UCITS ETF USD (Dist) | 2.44% | -2.53% | 12.70% | 6.99% | -3.38% | 12.70% | -4.57% | 16.09% | 5.10% |
GFEA.DE VanEck Global Fallen Angel High Yield Bond UCITS ETF | 5.14% | -2.31% | 12.20% | 6.70% | -7.42% | 10.35% | 6.62% | 16.50% | 1.86% |
Correlation
The correlation between IS0R.DE and GFEA.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2018 | 0.60 |
The correlation between IS0R.DE and GFEA.DE shifts across timeframes, from 0.60 (all time) to 0.73 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IS0R.DE vs. GFEA.DE — Risk / Return Rank
IS0R.DE
GFEA.DE
IS0R.DE vs. GFEA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD High Yield Corporate Bond UCITS ETF USD (Dist) (IS0R.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.
| IS0R.DE | GFEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.22 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 2.92 | -1.26 |
| Martin ratioReturn relative to average drawdown | 5.16 | 9.56 | -4.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IS0R.DE | GFEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 1.22 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.55 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.77 | -0.28 |
Drawdowns
IS0R.DE vs. GFEA.DE - Drawdown Comparison
The maximum IS0R.DE drawdown since its inception was -22.05%, roughly equal to the maximum GFEA.DE drawdown of -22.87%. Use the drawdown chart below to compare losses from any high point for IS0R.DE and GFEA.DE.
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Drawdown Indicators
| IS0R.DE | GFEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.05% | -22.87% | +0.82% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -2.44% | -0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -11.44% | -9.98% | -1.46% |
Max Drawdown (5Y)Largest decline over 5 years | -11.44% | -10.97% | -0.47% |
Max Drawdown (10Y)Largest decline over 10 years | -22.05% | — | — |
Current DrawdownCurrent decline from peak | -3.26% | -0.60% | -2.66% |
Average DrawdownAverage peak-to-trough decline | -4.74% | -3.37% | -1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 0.75% | +0.25% |
Volatility
IS0R.DE vs. GFEA.DE - Volatility Comparison
The current volatility for iShares USD High Yield Corporate Bond UCITS ETF USD (Dist) (IS0R.DE) is 0.84%, while VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFEA.DE) has a volatility of 1.85%. This indicates that IS0R.DE experiences smaller price fluctuations and is considered to be less risky than GFEA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS0R.DE | GFEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 1.85% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.65% | 4.63% | -0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.59% | 5.85% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.66% | 7.72% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.84% | 9.51% | -0.67% |
IS0R.DE vs. GFEA.DE - Expense Ratio Comparison
IS0R.DE has a 0.50% expense ratio, which is higher than GFEA.DE's 0.40% expense ratio.
Dividends
IS0R.DE vs. GFEA.DE - Dividend Comparison
IS0R.DE's dividend yield for the trailing twelve months is around 6.21%, while GFEA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
IS0R.DE iShares USD High Yield Corporate Bond UCITS ETF USD (Dist) | 6.21% | 6.34% | 6.27% | 5.74% | 4.94% | 4.18% | 5.22% | 5.46% | 5.65% | 5.88% | 5.32% | 6.00% |
Frequently Asked Questions
IS0R.DE and GFEA.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GFEA.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GFEA.DE is cheaper with a 0.40% expense ratio, compared with 0.50% for IS0R.DE.
IS0R.DE tracks iBoxx® USD Liquid High Yield Capped, while GFEA.DE tracks ICE Global Fallen Angel High Yield 10% Constrained. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.50% for IS0R.DE and 0.40% for GFEA.DE.
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