FAEU.DE vs. EQQX.DE

Last updated Jul 4, 2026

FAEU.DE (Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg)) and EQQX.DE (Invesco Nasdaq-100 Swap UCITS ETF Acc) are both exchange-traded funds - FAEU.DE is a High Yield Bonds fund tracking the FTSE Time-Weighted US Fallen Angel Bond Select Index, while EQQX.DE is a Nasdaq-100 fund tracking the Nasdaq 100®. Both are passively managed. Over the past 5 years, FAEU.DE returned 0.19%/yr vs 16.51%/yr for EQQX.DE. At a 0.44 correlation, their price movements are largely independent. FAEU.DE charges 0.50%/yr vs 0.20%/yr for EQQX.DE.

Performance

FAEU.DE vs. EQQX.DE - Performance Comparison

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

Returns By Period

In the year-to-date period, FAEU.DE achieves a 0.54% return, which is significantly lower than EQQX.DE's 19.18% return.

FAEU.DE

• 1D: 0.04%
• 1M: 0.87%
• 6M: 0.61%
• YTD: 0.54%
• 1Y: 3.10%
• 3Y*: 5.35%
• 5Y*: 0.19%
• 10Y*: —

EQQX.DE

• 1D: 0.00%
• 1M: -2.00%
• 6M: 20.51%
• YTD: 19.18%
• 1Y: 33.29%
• 3Y*: 23.42%
• 5Y*: 16.51%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
FAEU.DE Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg)	0.54%	7.55%	2.62%	7.66%	-16.29%	3.94%
EQQX.DE Invesco Nasdaq-100 Swap UCITS ETF Acc	19.18%	7.13%	33.88%	51.62%	-29.90%	24.77%

Correlation

The correlation between FAEU.DE and EQQX.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Apr 14, 2021	0.44

The correlation between FAEU.DE and EQQX.DE shifts across timeframes, from 0.33 (3 years) to 0.45 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

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

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

FAEU.DE

FAEU.DE Risk / Return Rank: 19
FAEU.DE Sharpe Ratio Rank: 20
FAEU.DE Sortino Ratio Rank: 18
FAEU.DE Omega Ratio Rank: 19
FAEU.DE Calmar Ratio Rank: 17
FAEU.DE Martin Ratio Rank: 19

EQQX.DE

EQQX.DE Risk / Return Rank: 43
EQQX.DE Sharpe Ratio Rank: 40
EQQX.DE Sortino Ratio Rank: 44
EQQX.DE Omega Ratio Rank: 66
EQQX.DE Calmar Ratio Rank: 39
EQQX.DE Martin Ratio Rank: 26

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.

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

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

	FAEU.DE	EQQX.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.59	1.22	-0.63
Sortino ratio: Return per unit of downside risk	0.89	1.91	-1.01
Omega ratio: Gain probability vs. loss probability	1.12	1.33	-0.21
Calmar ratio: Return relative to maximum drawdown	0.57	1.66	-1.08
Martin ratio: Return relative to average drawdown	1.87	3.16	-1.29

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

The current FAEU.DE Sharpe Ratio is 0.59, which is lower than the EQQX.DE Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of FAEU.DE and EQQX.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.

Drawdowns

FAEU.DE vs. EQQX.DE - Drawdown Comparison

The maximum FAEU.DE drawdown since its inception was -29.94%, roughly equal to the maximum EQQX.DE drawdown of -31.17%. Use the drawdown chart below to compare losses from any high point for FAEU.DE and EQQX.DE.

Drawdown Indicators

	FAEU.DE	EQQX.DE	Difference
Max Drawdown Largest peak-to-trough decline	-29.94%	-31.17%	+1.23%
Max Drawdown (1Y) Largest decline over 1 year	-5.38%	-20.09%	+14.71%
Max Drawdown (3Y) Largest decline over 3 years	-5.63%	-26.80%	+21.17%
Max Drawdown (5Y) Largest decline over 5 years	-19.80%	-31.17%	+11.37%
Current Drawdown Current decline from peak	-1.17%	-2.51%	+1.34%
Average Drawdown Average peak-to-trough decline	-6.40%	-8.93%	+2.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.65%	10.54%	-8.89%

Volatility

FAEU.DE vs. EQQX.DE - Volatility Comparison

The current volatility for Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg) (FAEU.DE) is 1.15%, while Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) has a volatility of 6.60%. This indicates that FAEU.DE experiences smaller price fluctuations and is considered to be less risky than EQQX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAEU.DE	EQQX.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.15%	6.60%	-5.45%
Volatility (6M) Calculated over the trailing 6-month period	4.29%	12.32%	-8.03%
Volatility (1Y) Calculated over the trailing 1-year period	5.28%	27.34%	-22.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.44%	22.18%	-14.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.55%	21.94%	-11.39%

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

FAEU.DE has a 0.50% expense ratio, which is higher than EQQX.DE's 0.20% expense ratio.

Dividends

FAEU.DE vs. EQQX.DE - Dividend Comparison

Neither FAEU.DE nor EQQX.DE has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
FAEU.DE Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.05%	0.00%	8.14%

Frequently Asked Questions

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

FAEU.DE and EQQX.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

EQQX.DE is cheaper with a 0.20% expense ratio, compared with 0.50% for FAEU.DE.

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

FAEU.DE is categorized as High Yield Bonds, while EQQX.DE is Nasdaq-100. FAEU.DE tracks FTSE Time-Weighted US Fallen Angel Bond Select Index, while EQQX.DE tracks Nasdaq 100®. Their fees differ too: 0.50% for FAEU.DE and 0.20% for EQQX.DE.