EQQX.DE vs. FAHY.DE

Last updated Jun 5, 2026

EQQX.DE (Invesco Nasdaq-100 Swap UCITS ETF Acc) and FAHY.DE (Invesco US High Yield Fallen Angels UCITS ETF Dist) are both exchange-traded funds - EQQX.DE is a Nasdaq-100 fund tracking the Nasdaq 100®, while FAHY.DE is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, EQQX.DE returned 19.11%/yr vs 3.51%/yr for FAHY.DE. At a 0.42 correlation, their price movements are largely independent. EQQX.DE charges 0.20%/yr vs 0.45%/yr for FAHY.DE.

Performance

EQQX.DE vs. FAHY.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) and Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EQQX.DE achieves a 21.61% return, which is significantly higher than FAHY.DE's 1.84% return.

EQQX.DE

• 1D: 0.11%
• 1M: 8.86%
• YTD: 21.61%
• 6M: 19.72%
• 1Y: 38.41%
• 3Y*: 25.43%
• 5Y*: 19.11%
• 10Y*: —

FAHY.DE

• 1D: -0.16%
• 1M: 1.51%
• YTD: 1.84%
• 6M: 0.61%
• 1Y: 5.71%
• 3Y*: 4.93%
• 5Y*: 3.51%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EQQX.DE vs. FAHY.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EQQX.DE Invesco Nasdaq-100 Swap UCITS ETF Acc	21.61%	7.13%	33.88%	51.62%	-29.90%	26.11%
FAHY.DE Invesco US High Yield Fallen Angels UCITS ETF Dist	1.84%	-2.35%	10.86%	6.42%	-8.72%	10.49%

Correlation

The correlation between EQQX.DE and FAHY.DE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021	0.42

Return for Risk

EQQX.DE vs. FAHY.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EQQX.DE

EQQX.DE Risk / Return Rank: 74
EQQX.DE Sharpe Ratio Rank: 78
EQQX.DE Sortino Ratio Rank: 74
EQQX.DE Omega Ratio Rank: 75
EQQX.DE Calmar Ratio Rank: 78
EQQX.DE Martin Ratio Rank: 65

FAHY.DE

FAHY.DE Risk / Return Rank: 29
FAHY.DE Sharpe Ratio Rank: 26
FAHY.DE Sortino Ratio Rank: 26
FAHY.DE Omega Ratio Rank: 25
FAHY.DE Calmar Ratio Rank: 36
FAHY.DE Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EQQX.DE vs. FAHY.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) and Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.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.

	EQQX.DE	FAHY.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.49	0.92	+1.57
Sortino ratio: Return per unit of downside risk	3.29	1.37	+1.92
Omega ratio: Gain probability vs. loss probability	1.44	1.17	+0.27
Calmar ratio: Return relative to maximum drawdown	3.91	1.76	+2.15
Martin ratio: Return relative to average drawdown	11.64	4.39	+7.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EQQX.DE vs. FAHY.DE - Sharpe Ratio Comparison

The current EQQX.DE Sharpe Ratio is 2.49, which is higher than the FAHY.DE Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of EQQX.DE and FAHY.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EQQX.DE	FAHY.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	0.92	+1.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.95	0.41	+0.54
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.37	+0.53

Drawdowns

EQQX.DE vs. FAHY.DE - Drawdown Comparison

The maximum EQQX.DE drawdown since its inception was -31.17%, which is greater than FAHY.DE's maximum drawdown of -28.23%. Use the drawdown chart below to compare losses from any high point for EQQX.DE and FAHY.DE.

Drawdown Indicators

	EQQX.DE	FAHY.DE	Difference
Max Drawdown Largest peak-to-trough decline	-31.17%	-28.23%	-2.94%
Max Drawdown (1Y) Largest decline over 1 year	-9.97%	-3.28%	-6.69%
Max Drawdown (3Y) Largest decline over 3 years	-26.80%	-12.29%	-14.51%
Max Drawdown (5Y) Largest decline over 5 years	-31.17%	-12.29%	-18.88%
Current Drawdown Current decline from peak	0.00%	-3.38%	+3.38%
Average Drawdown Average peak-to-trough decline	-7.99%	-4.48%	-3.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	1.32%	+2.04%

Volatility

EQQX.DE vs. FAHY.DE - Volatility Comparison

Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) has a higher volatility of 4.15% compared to Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.DE) at 1.87%. This indicates that EQQX.DE's price experiences larger fluctuations and is considered to be riskier than FAHY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQQX.DE	FAHY.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	1.87%	+2.28%
Volatility (6M) Calculated over the trailing 6-month period	10.89%	4.40%	+6.49%
Volatility (1Y) Calculated over the trailing 1-year period	15.75%	6.29%	+9.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.86%	8.44%	+11.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.79%	9.67%	+10.12%

EQQX.DE vs. FAHY.DE - Expense Ratio Comparison

EQQX.DE has a 0.20% expense ratio, which is lower than FAHY.DE's 0.45% expense ratio.

Dividends

EQQX.DE vs. FAHY.DE - Dividend Comparison

EQQX.DE has not paid dividends to shareholders, while FAHY.DE's dividend yield for the trailing twelve months is around 6.57%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EQQX.DE Invesco Nasdaq-100 Swap UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FAHY.DE Invesco US High Yield Fallen Angels UCITS ETF Dist	6.57%	6.75%	6.86%	6.89%	5.82%	4.47%	6.24%	6.07%	6.09%	5.71%	1.23%

Frequently Asked Questions

Can I hold both EQQX.DE and FAHY.DE in my portfolio?

EQQX.DE and FAHY.DE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EQQX.DE or FAHY.DE?

On fees, EQQX.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EQQX.DE or FAHY.DE?

EQQX.DE is cheaper with a 0.20% expense ratio, compared with 0.45% for FAHY.DE.

What is the main difference between EQQX.DE and FAHY.DE?

EQQX.DE is categorized as Nasdaq-100, while FAHY.DE is High Yield Bonds. EQQX.DE tracks Nasdaq 100®, while FAHY.DE tracks Bloomberg US Corporate High Yield TR USD. Their fees differ too: 0.20% for EQQX.DE and 0.45% for FAHY.DE.