SUSU.L vs. GFA.L
SUSU.L (iShares USD Corporate Bond 0-3yr ESG UCITS ETF USD (Dist)) and GFA.L (VanEck Global Fallen Angel High Yield Bond UCITS ETF USD (Acc)) are both exchange-traded funds - SUSU.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, SUSU.L returned 2.93%/yr vs 2.98%/yr for GFA.L. At a 0.25 correlation, their price movements are largely independent. SUSU.L charges 0.12%/yr vs 0.40%/yr for GFA.L.
Performance
SUSU.L vs. GFA.L - Performance Comparison
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Returns By Period
In the year-to-date period, SUSU.L achieves a 1.17% return, which is significantly lower than GFA.L's 3.55% return.
SUSU.L
- 1D
- -0.20%
- 1M
- 0.00%
- 6M
- 1.37%
- YTD
- 1.17%
- 1Y
- 3.91%
- 3Y*
- 5.07%
- 5Y*
- 2.93%
- 10Y*
- —
GFA.L
- 1D
- -0.14%
- 1M
- -0.18%
- 6M
- 3.30%
- YTD
- 3.55%
- 1Y
- 6.91%
- 3Y*
- 8.15%
- 5Y*
- 2.98%
- 10Y*
- —
SUSU.L vs. GFA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SUSU.L iShares USD Corporate Bond 0-3yr ESG UCITS ETF USD (Dist) | 1.17% | 5.55% | 5.45% | 5.18% | -2.19% | -0.16% | 3.27% | 4.16% | -0.40% |
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% | 0.10% |
Correlation
The correlation between SUSU.L and GFA.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.25 |
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Return for Risk
SUSU.L vs. GFA.L — Risk / Return Rank
SUSU.L
GFA.L
SUSU.L vs. GFA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Corporate Bond 0-3yr ESG UCITS ETF USD (Dist) (SUSU.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.
| SUSU.L | GFA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.21 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 6.56 | 1.76 | +4.80 |
| Martin ratioReturn relative to average drawdown | 22.93 | 4.76 | +18.17 |
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Drawdowns
SUSU.L vs. GFA.L - Drawdown Comparison
The maximum SUSU.L drawdown since its inception was -8.32%, smaller than the maximum GFA.L drawdown of -22.98%. Use the drawdown chart below to compare losses from any high point for SUSU.L and GFA.L.
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Drawdown Indicators
| SUSU.L | GFA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.32% | -22.98% | +14.66% |
Max Drawdown (1Y)Largest decline over 1 year | -0.59% | -3.90% | +3.31% |
Max Drawdown (3Y)Largest decline over 3 years | -1.38% | -5.03% | +3.65% |
Max Drawdown (5Y)Largest decline over 5 years | -4.67% | -22.54% | +17.87% |
Current DrawdownCurrent decline from peak | -0.20% | -0.80% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -0.63% | -4.38% | +3.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.17% | 1.45% | -1.28% |
Volatility
SUSU.L vs. GFA.L - Volatility Comparison
The current volatility for iShares USD Corporate Bond 0-3yr ESG UCITS ETF USD (Dist) (SUSU.L) is 0.35%, while VanEck Global Fallen Angel High Yield Bond UCITS ETF USD (Acc) (GFA.L) has a volatility of 1.33%. This indicates that SUSU.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
| SUSU.L | GFA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.35% | 1.33% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 1.50% | 5.65% | -4.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.92% | 6.49% | -4.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.14% | 8.25% | -5.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.43% | 8.42% | -4.99% |
SUSU.L vs. GFA.L - Expense Ratio Comparison
SUSU.L has a 0.12% expense ratio, which is lower than GFA.L's 0.40% expense ratio.
Dividends
SUSU.L vs. GFA.L - Dividend Comparison
SUSU.L's dividend yield for the trailing twelve months is around 4.48%, while GFA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
SUSU.L iShares USD Corporate Bond 0-3yr ESG UCITS ETF USD (Dist) | 4.48% | 4.60% | 4.71% | 4.01% | 1.59% | 0.82% | 2.24% | 2.90% |
Frequently Asked Questions
SUSU.L and GFA.L have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SUSU.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SUSU.L is cheaper with a 0.12% expense ratio, compared with 0.40% for GFA.L.
SUSU.L is categorized as Corporate Bonds, while GFA.L is Global High Yield Bonds. SUSU.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: iShares and VanEck. Their fees differ too: 0.12% for SUSU.L and 0.40% for GFA.L.
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