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FAEU.DE vs. FWIA.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FAEU.DE vs. FWIA.DE

Last updated Jul 4, 2026
See Documentation

FAEU.DE (Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg)) and FWIA.DE (Invesco FTSE All-World 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 FWIA.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 3 years, FAEU.DE returned 5.35%/yr vs 17.66%/yr for FWIA.DE. At a 0.41 correlation, their price movements are largely independent. FAEU.DE charges 0.50%/yr vs 0.15%/yr for FWIA.DE.

Performance

FAEU.DE vs. FWIA.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 FTSE All-World UCITS ETF Acc (FWIA.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FAEU.DE achieves a 0.54% return, which is significantly lower than FWIA.DE's 13.31% 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*
—

FWIA.DE

1D
0.00%
1M
0.41%
6M
13.60%
YTD
13.31%
1Y
25.60%
3Y*
17.66%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023
FAEU.DE
Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg)		0.54%7.55%2.62%6.29%
FWIA.DE
Invesco FTSE All-World UCITS ETF Acc		13.31%9.02%24.70%7.98%

Correlation

The correlation between FAEU.DE and FWIA.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.48

Correlation (3Y)
Calculated over the trailing 3-year period

0.41

Correlation (All Time)
Calculated using the full available price history since Jun 29, 2023

0.42

Compare stocks, funds, or ETFs

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Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg)

Invesco FTSE All-World UCITS ETF Acc

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Return for Risk

FAEU.DE vs. FWIA.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: 1919
Overall Rank
FAEU.DE Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
FAEU.DE Sortino Ratio Rank: 1818
Sortino Ratio Rank
FAEU.DE Omega Ratio Rank: 1919
Omega Ratio Rank
FAEU.DE Calmar Ratio Rank: 1717
Calmar Ratio Rank
FAEU.DE Martin Ratio Rank: 1919
Martin Ratio Rank
FWIA.DE
FWIA.DE Risk / Return Rank: 8585
Overall Rank
FWIA.DE Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
FWIA.DE Sortino Ratio Rank: 8484
Sortino Ratio Rank
FWIA.DE Omega Ratio Rank: 8484
Omega Ratio Rank
FWIA.DE Calmar Ratio Rank: 8686
Calmar Ratio Rank
FWIA.DE Martin Ratio Rank: 8888
Martin Ratio Rank
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. FWIA.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 FTSE All-World UCITS ETF Acc (FWIA.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.DEFWIA.DEDifference
Sharpe ratioReturn per unit of total volatility
0.59
2.20

-1.62

Sortino ratioReturn per unit of downside risk
0.89
3.10

-2.21

Omega ratioGain probability vs. loss probability

1.12

1.41

-0.29

Calmar ratioReturn relative to maximum drawdown

0.57

3.96

-3.39

Martin ratioReturn relative to average drawdown

1.87

15.76

-13.89

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

The current FAEU.DE Sharpe Ratio is 0.59, which is lower than the FWIA.DE Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of FAEU.DE and FWIA.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.

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Drawdowns

FAEU.DE vs. FWIA.DE - Drawdown Comparison

The maximum FAEU.DE drawdown since its inception was -29.94%, which is greater than FWIA.DE's maximum drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for FAEU.DE and FWIA.DE.

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Drawdown Indicators

FAEU.DEFWIA.DEDifference

Max Drawdown

Largest peak-to-trough decline

-29.94%

-20.96%

-8.98%

Max Drawdown (1Y)

Largest decline over 1 year

-5.38%

-6.49%

+1.11%

Max Drawdown (3Y)

Largest decline over 3 years

-5.63%

-20.96%

+15.33%

Max Drawdown (5Y)

Largest decline over 5 years

-19.80%

—

—

Current Drawdown

Current decline from peak

-1.17%

-0.72%

-0.45%

Average Drawdown

Average peak-to-trough decline

-6.40%

-2.40%

-4.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.65%

1.63%

+0.02%

Volatility

FAEU.DE vs. FWIA.DE - Volatility Comparison

The current volatility for Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg) (FAEU.DE) is 1.15%, while Invesco FTSE All-World UCITS ETF Acc (FWIA.DE) has a volatility of 3.57%. This indicates that FAEU.DE experiences smaller price fluctuations and is considered to be less risky than FWIA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FAEU.DEFWIA.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.15%

3.57%

-2.42%

Volatility (6M)

Calculated over the trailing 6-month period

4.29%

8.64%

-4.35%

Volatility (1Y)

Calculated over the trailing 1-year period

5.28%

11.71%

-6.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.44%

13.18%

-5.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.55%

13.18%

-2.63%

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

FAEU.DE has a 0.50% expense ratio, which is higher than FWIA.DE's 0.15% expense ratio.

Dividends

FAEU.DE vs. FWIA.DE - Dividend Comparison

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

PositionTTM20252024202320222021202020192018
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%
FWIA.DE
Invesco FTSE All-World UCITS ETF Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

FAEU.DE and FWIA.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, FWIA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

FWIA.DE is cheaper with a 0.15% expense ratio, compared with 0.50% for FAEU.DE.

FAEU.DE is categorized as High Yield Bonds, while FWIA.DE is Global Equities. FAEU.DE tracks FTSE Time-Weighted US Fallen Angel Bond Select Index, while FWIA.DE tracks FTSE All-World Index. Their fees differ too: 0.50% for FAEU.DE and 0.15% for FWIA.DE.

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