IS3K.DE vs. GFEA.DE
IS3K.DE (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) and GFEA.DE (VanEck Global Fallen Angel High Yield Bond UCITS ETF) are both High Yield Bonds funds - IS3K.DE tracks the iBoxx® USD Liquid High Yield 0-5 Capped while GFEA.DE tracks the ICE Global Fallen Angel High Yield 10% Constrained. Both are passively managed. Over the past 5 years, IS3K.DE returned 4.97%/yr vs 4.25%/yr for GFEA.DE. A 0.57 correlation means they provide meaningful diversification when combined. IS3K.DE charges 0.45%/yr vs 0.40%/yr for GFEA.DE.
Performance
IS3K.DE vs. GFEA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3K.DE achieves a 2.62% return, which is significantly lower than GFEA.DE's 5.14% return.
IS3K.DE
- 1D
- 0.04%
- 1M
- 1.00%
- YTD
- 2.62%
- 6M
- 1.77%
- 1Y
- 4.00%
- 3Y*
- 4.06%
- 5Y*
- 4.97%
- 10Y*
- 4.08%
GFEA.DE
- 1D
- -0.60%
- 1M
- 1.66%
- YTD
- 5.14%
- 6M
- 4.77%
- 1Y
- 7.14%
- 3Y*
- 6.53%
- 5Y*
- 4.25%
- 10Y*
- —
IS3K.DE vs. GFEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 2.62% | -4.31% | 12.26% | 4.68% | 1.95% | 12.07% | -6.16% | 11.71% | 5.41% |
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 IS3K.DE and GFEA.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2018 | 0.57 |
The correlation between IS3K.DE and GFEA.DE shifts across timeframes, from 0.57 (all time) to 0.70 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IS3K.DE vs. GFEA.DE — Risk / Return Rank
IS3K.DE
GFEA.DE
IS3K.DE vs. GFEA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.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.
| IS3K.DE | GFEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.22 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 2.92 | -1.63 |
| Martin ratioReturn relative to average drawdown | 3.43 | 9.56 | -6.13 |
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
| IS3K.DE | GFEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 1.22 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.55 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.77 | -0.21 |
Drawdowns
IS3K.DE vs. GFEA.DE - Drawdown Comparison
The maximum IS3K.DE drawdown since its inception was -17.93%, smaller than the maximum GFEA.DE drawdown of -22.87%. Use the drawdown chart below to compare losses from any high point for IS3K.DE and GFEA.DE.
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Drawdown Indicators
| IS3K.DE | GFEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.93% | -22.87% | +4.94% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -2.44% | -0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -11.25% | -9.98% | -1.27% |
Max Drawdown (5Y)Largest decline over 5 years | -11.25% | -10.97% | -0.28% |
Max Drawdown (10Y)Largest decline over 10 years | -17.93% | — | — |
Current DrawdownCurrent decline from peak | -4.57% | -0.60% | -3.97% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -3.37% | -1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 0.75% | +0.41% |
Volatility
IS3K.DE vs. GFEA.DE - Volatility Comparison
The current volatility for iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) is 0.85%, while VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFEA.DE) has a volatility of 1.85%. This indicates that IS3K.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
| IS3K.DE | GFEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 1.85% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 3.84% | 4.63% | -0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 5.85% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.15% | 7.72% | -0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.85% | 9.51% | -1.66% |
IS3K.DE vs. GFEA.DE - Expense Ratio Comparison
IS3K.DE has a 0.45% expense ratio, which is higher than GFEA.DE's 0.40% expense ratio.
Dividends
IS3K.DE vs. GFEA.DE - Dividend Comparison
IS3K.DE's dividend yield for the trailing twelve months is around 7.13%, 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% |
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 7.13% | 5.70% | 5.95% | 5.19% | 4.12% | 3.55% | 4.31% | 4.69% | 4.78% | 4.97% | 5.17% | 4.61% |
Frequently Asked Questions
IS3K.DE and GFEA.DE have a correlation of 0.68, 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 0.45% for IS3K.DE.
IS3K.DE tracks iBoxx® USD Liquid High Yield 0-5 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: 0.45% for IS3K.DE and 0.40% for GFEA.DE.
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