- Issuer
- Invesco
- Inception Date
- Jul 27, 2022
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- FTSE Time-Weighted US Fallen Angel Bond Select Index
- Distribution Policy
- Accumulating
- Asset Class
- Bond
Share Price Chart
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Performance
FAEU.DE Performance Chart
Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg) (FAEU.DE) is up 0.5% since the beginning of the year. FAEU.DE is currently trading at €28 per share. Investors who bought €1,000 worth of FAEU.DE shares 5 years ago would now be looking at an investment worth €1,010.
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Returns By Period
Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg) (FAEU.DE) has returned 0.54% so far this year and 3.10% over the past 12 months.
Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg)
- 1D
- 0.04%
- 1M
- 0.87%
- 6M
- 0.61%
- YTD
- 0.54%
- 1Y
- 3.10%
- 3Y*
- 5.35%
- 5Y*
- 0.19%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.43%
- 1M
- 0.48%
- 6M
- 11.83%
- YTD
- 12.30%
- 1Y
- 22.52%
- 3Y*
- 17.03%
- 5Y*
- 12.27%
- 10Y*
- 13.23%
FAEU.DE Monthly Returns History
Based on dividend-adjusted daily data since Oct 17, 2017, FAEU.DE's average daily return is +0.01%, while the average monthly return is +0.24%. At this rate, an investment would double in approximately 24.1 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +11.0%, while the worst month was Mar 2020 at -19.2%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FAEU.DE closed higher 51% of trading days. The best single day was Mar 13, 2020 with a return of +11.0%, while the worst single day was Mar 12, 2020 at -13.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.50% | 0.04% | -3.69% | 2.57% | 0.58% | 0.50% | 0.14% | 0.54% | |||||
| 2025 | 1.36% | 0.69% | -0.15% | -1.22% | 1.08% | 2.40% | 0.22% | 1.41% | 1.10% | 0.07% | 0.69% | -0.29% | 7.55% |
| 2024 | 0.64% | -0.79% | 1.15% | -1.97% | 0.28% | 0.32% | 1.87% | 0.98% | 1.71% | -1.03% | 0.81% | -1.30% | 2.62% |
| 2023 | 2.82% | -1.87% | 0.30% | 0.21% | -1.98% | 2.41% | 1.13% | -1.12% | -1.47% | -1.28% | 4.79% | 3.75% | 7.66% |
| 2022 | -3.62% | -1.86% | -0.49% | -4.49% | 0.28% | -6.79% | 4.13% | -2.50% | -3.90% | 0.52% | 1.87% | -0.30% | -16.29% |
| 2021 | -0.26% | 0.34% | -0.04% | 1.05% | 0.52% | 1.51% | 0.83% | 0.72% | -0.14% | 0.04% | -1.86% | 1.75% | 4.49% |
Benchmark Metrics
Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg) has an annualized alpha of -0.99%, beta of 0.24, and R2 of 0.20 versus S&P 500 Index. Calculated based on daily prices since October 17, 2017.
- This ETF participated in 57.00% of S&P 500 Index downside but only 30.76% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.24 may look defensive, but with R2 of 0.20 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.20 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -0.99%
- Beta
- 0.24
- R²
- 0.20
- Upside Capture
- 30.76%
- Downside Capture
- 57.00%
Expense Ratio
FAEU.DE has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FAEU.DE ranks 19 for risk / return — in the bottom 19% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg) (FAEU.DE) and compare them to S&P 500 Index.
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.
| FAEU.DE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.35 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 3.18 | -2.61 |
| Martin ratioReturn relative to average drawdown | 1.87 | 11.76 | -9.89 |
Dividends
Dividend History
Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg) provided a 0.00% dividend yield over the last twelve months, with an annual payout of €0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.01 | €0.00 | €1.86 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.05% | 0.00% | 8.14% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg). The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | |||||
| 2025 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 |
| 2024 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 |
| 2023 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 |
| 2022 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 |
| 2021 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 | €0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg) was 29.94%, occurring on Mar 23, 2020. Recovery took 161 trading sessions.
The current Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg) drawdown is 1.17%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -29.94%Mar 2020 | 2mo 1d | 7mo 21d | 9mo 22dJan 2020 - Nov 2020 |
Bear market2022 | -19.80%Sep 2022 | 10mo 23d | 3y 4mo | 4y 3moNov 2021 - Feb 2026 |
Rate-hike selloffLate 2018 | -10.02%Dec 2018 | 10mo 26d | 18d | 11mo 14dJan 2018 - Jan 2019 |
2026 pullback2026 | -5.38%Mar 2026 | 1mo 1d | — | 4mo 10dFeb 2026 - now |
2019 pullback2019 | -4.23%Jun 2019 | 1mo 5d | 6mo 20d | 7mo 25dApr 2019 - Dec 2019 |
Drawdown Indicators
| FAEU.DE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.94% | -51.62% | +21.68% |
Max Drawdown (1Y)Largest decline over 1 year | -5.38% | -7.57% | +2.19% |
Max Drawdown (3Y)Largest decline over 3 years | -5.63% | -23.99% | +18.36% |
Max Drawdown (5Y)Largest decline over 5 years | -19.80% | -23.99% | +4.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -1.17% | -0.43% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -6.40% | -9.08% | +2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 2.04% | -0.39% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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