VVSM.DE vs. GFEA.DE
VVSM.DE (VanEck Semiconductor UCITS ETF) and GFEA.DE (VanEck Global Fallen Angel High Yield Bond UCITS ETF) are both exchange-traded funds - VVSM.DE is a Semiconductors fund tracking the MVIS US Listed Semiconductor 10% Capped ESG Index, while GFEA.DE is a High Yield Bonds fund tracking the ICE Global Fallen Angel High Yield 10% Constrained. Both are passively managed. Over the past 5 years, VVSM.DE returned 38.63%/yr vs 4.27%/yr for GFEA.DE. At a 0.27 correlation, their price movements are largely independent. VVSM.DE charges 0.35%/yr vs 0.40%/yr for GFEA.DE.
Performance
VVSM.DE vs. GFEA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VVSM.DE achieves a 97.11% return, which is significantly higher than GFEA.DE's 7.91% return.
VVSM.DE
- 1D
- 1.61%
- 1M
- 11.28%
- YTD
- 97.11%
- 6M
- 98.79%
- 1Y
- 163.58%
- 3Y*
- 59.89%
- 5Y*
- 38.63%
- 10Y*
- —
GFEA.DE
- 1D
- -0.25%
- 1M
- 3.20%
- YTD
- 7.91%
- 6M
- 8.27%
- 1Y
- 10.54%
- 3Y*
- 7.66%
- 5Y*
- 4.27%
- 10Y*
- —
VVSM.DE vs. GFEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VVSM.DE VanEck Semiconductor UCITS ETF | 97.11% | 33.22% | 31.47% | 70.20% | -32.79% | 58.38% | -15.76% |
GFEA.DE VanEck Global Fallen Angel High Yield Bond UCITS ETF | 7.91% | -2.31% | 12.21% | 6.69% | -7.67% | 10.64% | 0.33% |
Correlation
The correlation between VVSM.DE and GFEA.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2020 | 0.27 |
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Return for Risk
VVSM.DE vs. GFEA.DE — Risk / Return Rank
VVSM.DE
GFEA.DE
VVSM.DE vs. GFEA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor UCITS ETF (VVSM.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.
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.
| VVSM.DE | GFEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.20 | ||
| Sortino ratioReturn per unit of downside risk | +2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.30 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 13.96 | 4.29 | +9.67 |
| Martin ratioReturn relative to average drawdown | 44.94 | 14.32 | +30.63 |
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Drawdowns
VVSM.DE vs. GFEA.DE - Drawdown Comparison
The maximum VVSM.DE drawdown since its inception was -37.65%, which is greater than GFEA.DE's maximum drawdown of -22.88%. Use the drawdown chart below to compare losses from any high point for VVSM.DE and GFEA.DE.
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Drawdown Indicators
| VVSM.DE | GFEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.65% | -22.88% | -14.77% |
Max Drawdown (1Y)Largest decline over 1 year | -11.65% | -2.45% | -9.20% |
Max Drawdown (3Y)Largest decline over 3 years | -37.52% | -9.97% | -27.55% |
Max Drawdown (5Y)Largest decline over 5 years | -37.65% | -10.96% | -26.69% |
Current DrawdownCurrent decline from peak | -3.89% | -0.25% | -3.64% |
Average DrawdownAverage peak-to-trough decline | -10.43% | -5.01% | -5.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 0.73% | +2.89% |
Volatility
VVSM.DE vs. GFEA.DE - Volatility Comparison
VanEck Semiconductor UCITS ETF (VVSM.DE) has a higher volatility of 13.64% compared to VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFEA.DE) at 2.71%. This indicates that VVSM.DE's price experiences larger fluctuations and is considered to be riskier 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
| VVSM.DE | GFEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.64% | 2.71% | +10.93% |
Volatility (6M)Calculated over the trailing 6-month period | 26.37% | 5.30% | +21.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.02% | 6.67% | +27.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.62% | 7.79% | +23.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.95% | 10.56% | +21.39% |
VVSM.DE vs. GFEA.DE - Expense Ratio Comparison
VVSM.DE has a 0.35% expense ratio, which is lower than GFEA.DE's 0.40% expense ratio.
Dividends
VVSM.DE vs. GFEA.DE - Dividend Comparison
Neither VVSM.DE nor GFEA.DE has paid dividends to shareholders.
Frequently Asked Questions
VVSM.DE and GFEA.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VVSM.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VVSM.DE is cheaper with a 0.35% expense ratio, compared with 0.40% for GFEA.DE.
VVSM.DE is categorized as Semiconductors, while GFEA.DE is High Yield Bonds. VVSM.DE tracks MVIS US Listed Semiconductor 10% Capped ESG Index, while GFEA.DE tracks ICE Global Fallen Angel High Yield 10% Constrained. Their fees differ too: 0.35% for VVSM.DE and 0.40% for GFEA.DE.
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