LDCU.L vs. GFA.L
LDCU.L (PIMCO US Low Duration Corporate Bond UCITS ETF Dist) and GFA.L (VanEck Global Fallen Angel High Yield Bond UCITS ETF USD (Acc)) are both exchange-traded funds - LDCU.L is a Corporate Bonds fund tracking the Bloomberg US Corp 1-3 Yr TR USD, while GFA.L is a Global High Yield Bonds fund tracking the ICE Global Fallen Angel High Yield 10% Constrained Index. Both are passively managed. Over the past 5 years, LDCU.L returned 2.35%/yr vs 2.98%/yr for GFA.L. At a 0.30 correlation, their price movements are largely independent. LDCU.L charges 0.49%/yr vs 0.40%/yr for GFA.L.
Performance
LDCU.L vs. GFA.L - Performance Comparison
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Returns By Period
In the year-to-date period, LDCU.L achieves a 0.77% return, which is significantly lower than GFA.L's 3.55% return.
LDCU.L
- 1D
- -0.01%
- 1M
- 0.10%
- 6M
- 0.68%
- YTD
- 0.77%
- 1Y
- 3.84%
- 3Y*
- 5.36%
- 5Y*
- 2.35%
- 10Y*
- 2.84%
GFA.L
- 1D
- -0.14%
- 1M
- -0.18%
- 6M
- 3.30%
- YTD
- 3.55%
- 1Y
- 6.91%
- 3Y*
- 8.15%
- 5Y*
- 2.98%
- 10Y*
- —
LDCU.L vs. GFA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LDCU.L PIMCO US Low Duration Corporate Bond UCITS ETF Dist | 0.77% | 6.55% | 5.24% | 6.22% | -5.40% | -0.40% | 4.56% | 7.02% | 1.34% |
GFA.L VanEck Global Fallen Angel High Yield Bond UCITS ETF USD (Acc) | 3.55% | 9.97% | 6.02% | 10.29% | -12.56% | 1.93% | 16.95% | 13.34% | -3.62% |
Correlation
The correlation between LDCU.L and GFA.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2018 | 0.30 |
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Return for Risk
LDCU.L vs. GFA.L — Risk / Return Rank
LDCU.L
GFA.L
LDCU.L vs. GFA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO US Low Duration Corporate Bond UCITS ETF Dist (LDCU.L) and VanEck Global Fallen Angel High Yield Bond UCITS ETF USD (Acc) (GFA.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LDCU.L | GFA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.21 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.76 | +0.04 |
| Martin ratioReturn relative to average drawdown | 6.39 | 4.76 | +1.63 |
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Drawdowns
LDCU.L vs. GFA.L - Drawdown Comparison
The maximum LDCU.L drawdown since its inception was -9.42%, smaller than the maximum GFA.L drawdown of -22.98%. Use the drawdown chart below to compare losses from any high point for LDCU.L and GFA.L.
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Drawdown Indicators
| LDCU.L | GFA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.42% | -22.98% | +13.56% |
Max Drawdown (1Y)Largest decline over 1 year | -2.10% | -3.90% | +1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -2.10% | -5.03% | +2.93% |
Max Drawdown (5Y)Largest decline over 5 years | -9.42% | -22.54% | +13.12% |
Max Drawdown (10Y)Largest decline over 10 years | -9.42% | — | — |
Current DrawdownCurrent decline from peak | -0.33% | -0.80% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -1.26% | -4.38% | +3.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 1.45% | -0.85% |
Volatility
LDCU.L vs. GFA.L - Volatility Comparison
The current volatility for PIMCO US Low Duration Corporate Bond UCITS ETF Dist (LDCU.L) is 0.47%, while VanEck Global Fallen Angel High Yield Bond UCITS ETF USD (Acc) (GFA.L) has a volatility of 1.33%. This indicates that LDCU.L experiences smaller price fluctuations and is considered to be less risky than GFA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LDCU.L | GFA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 1.33% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 1.64% | 5.65% | -4.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.77% | 6.49% | -3.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.11% | 8.25% | -5.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.69% | 8.42% | -5.73% |
LDCU.L vs. GFA.L - Expense Ratio Comparison
LDCU.L has a 0.49% expense ratio, which is higher than GFA.L's 0.40% expense ratio.
Dividends
LDCU.L vs. GFA.L - Dividend Comparison
LDCU.L's dividend yield for the trailing twelve months is around 4.55%, while GFA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GFA.L VanEck Global Fallen Angel High Yield Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LDCU.L PIMCO US Low Duration Corporate Bond UCITS ETF Dist | 4.55% | 4.42% | 4.40% | 3.45% | 1.93% | 1.77% | 2.17% | 2.96% | 2.75% | 2.26% | 2.37% | 2.13% |
Frequently Asked Questions
LDCU.L and GFA.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GFA.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GFA.L is cheaper with a 0.40% expense ratio, compared with 0.49% for LDCU.L.
LDCU.L is categorized as Corporate Bonds, while GFA.L is Global High Yield Bonds. LDCU.L tracks Bloomberg US Corp 1-3 Yr TR USD, while GFA.L tracks ICE Global Fallen Angel High Yield 10% Constrained Index. They also come from different issuers: PIMCO and VanEck. Their fees differ too: 0.49% for LDCU.L and 0.40% for GFA.L.
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