XUHE.DE vs. GFEA.DE
XUHE.DE (Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc)) and GFEA.DE (VanEck Global Fallen Angel High Yield Bond UCITS ETF) are both High Yield Bonds funds - XUHE.DE tracks the Bloomberg US High Yield Very Liquid ex 144A Index (EUR Hedged) while GFEA.DE tracks the ICE Global Fallen Angel High Yield 10% Constrained. Both are passively managed. Over the past 3 years, XUHE.DE returned 6.61%/yr vs 7.44%/yr for GFEA.DE. At a 0.22 correlation, their price movements are largely independent. XUHE.DE charges 0.25%/yr vs 0.40%/yr for GFEA.DE.
Performance
XUHE.DE vs. GFEA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUHE.DE achieves a 1.21% return, which is significantly lower than GFEA.DE's 7.75% return.
XUHE.DE
- 1D
- -0.12%
- 1M
- 0.30%
- 6M
- 1.21%
- YTD
- 1.21%
- 1Y
- 3.98%
- 3Y*
- 6.61%
- 5Y*
- —
- 10Y*
- —
GFEA.DE
- 1D
- 0.27%
- 1M
- 1.87%
- 6M
- 7.70%
- YTD
- 7.75%
- 1Y
- 10.30%
- 3Y*
- 7.44%
- 5Y*
- 3.94%
- 10Y*
- —
XUHE.DE vs. GFEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XUHE.DE Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) | 1.21% | 7.00% | 5.04% | 10.87% | -14.46% | 0.91% |
GFEA.DE VanEck Global Fallen Angel High Yield Bond UCITS ETF | 7.75% | -2.31% | 12.21% | 6.69% | -7.67% | 2.73% |
Correlation
The correlation between XUHE.DE and GFEA.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021 | 0.22 |
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Return for Risk
XUHE.DE vs. GFEA.DE — Risk / Return Rank
XUHE.DE
GFEA.DE
XUHE.DE vs. GFEA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) (XUHE.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.
| XUHE.DE | GFEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.28 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 4.19 | -2.87 |
| Martin ratioReturn relative to average drawdown | 6.17 | 13.66 | -7.50 |
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Drawdowns
XUHE.DE vs. GFEA.DE - Drawdown Comparison
The maximum XUHE.DE drawdown since its inception was -17.56%, smaller than the maximum GFEA.DE drawdown of -22.88%. Use the drawdown chart below to compare losses from any high point for XUHE.DE and GFEA.DE.
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Drawdown Indicators
| XUHE.DE | GFEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.56% | -22.88% | +5.32% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -2.45% | -0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -5.20% | -9.97% | +4.77% |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.96% | — |
Current DrawdownCurrent decline from peak | -0.12% | -0.40% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -5.00% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.75% | -0.11% |
Volatility
XUHE.DE vs. GFEA.DE - Volatility Comparison
The current volatility for Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) (XUHE.DE) is 1.19%, while VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFEA.DE) has a volatility of 2.77%. This indicates that XUHE.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
| XUHE.DE | GFEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 2.77% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 3.49% | 5.52% | -2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 6.86% | -2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.43% | 7.82% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.43% | 10.56% | -3.13% |
XUHE.DE vs. GFEA.DE - Expense Ratio Comparison
XUHE.DE has a 0.25% expense ratio, which is lower than GFEA.DE's 0.40% expense ratio.
Dividends
XUHE.DE vs. GFEA.DE - Dividend Comparison
Neither XUHE.DE nor GFEA.DE has paid dividends to shareholders.
Frequently Asked Questions
XUHE.DE and GFEA.DE have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUHE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUHE.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for GFEA.DE.
XUHE.DE tracks Bloomberg US High Yield Very Liquid ex 144A Index (EUR Hedged), while GFEA.DE tracks ICE Global Fallen Angel High Yield 10% Constrained. They also come from different issuers: Xtrackers and VanEck. Their fees differ too: 0.25% for XUHE.DE and 0.40% for GFEA.DE.
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