FAEU.DE vs. IBC9.DE
FAEU.DE (Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg)) and IBC9.DE (iShares Global High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds - FAEU.DE tracks the FTSE Time-Weighted US Fallen Angel Bond Select Index while IBC9.DE tracks the iBoxx® Global Developed Markets Liquid High Yield Capped. Both are passively managed. Over the past 5 years, FAEU.DE returned 0.19%/yr vs 3.79%/yr for IBC9.DE. At a 0.47 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.
Performance
FAEU.DE vs. IBC9.DE - Performance Comparison
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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 IBC9.DE's 3.47% 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*
- —
IBC9.DE
- 1D
- -0.13%
- 1M
- 1.44%
- 6M
- 3.26%
- YTD
- 3.47%
- 1Y
- 6.26%
- 3Y*
- 6.73%
- 5Y*
- 3.79%
- 10Y*
- 4.18%
FAEU.DE vs. IBC9.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAEU.DE Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg) | 0.54% | 7.55% | 2.62% | 7.66% | -16.29% | 4.49% | 6.43% | 10.22% | -0.87% | 0.12% |
IBC9.DE iShares Global High Yield Corporate Bond UCITS ETF | 3.47% | 1.08% | 9.31% | 9.25% | -6.54% | 8.55% | -2.14% | 14.98% | 0.23% | -1.26% |
Correlation
The correlation between FAEU.DE and IBC9.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2017 | 0.47 |
The correlation between FAEU.DE and IBC9.DE shifts across timeframes, from 0.28 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FAEU.DE vs. IBC9.DE — Risk / Return Rank
FAEU.DE
IBC9.DE
FAEU.DE vs. IBC9.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 iShares Global High Yield Corporate Bond UCITS ETF (IBC9.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 | IBC9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.29 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 2.81 | -2.24 |
| Martin ratioReturn relative to average drawdown | 1.87 | 9.16 | -7.29 |
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Drawdowns
FAEU.DE vs. IBC9.DE - Drawdown Comparison
The maximum FAEU.DE drawdown since its inception was -29.94%, which is greater than IBC9.DE's maximum drawdown of -27.22%. Use the drawdown chart below to compare losses from any high point for FAEU.DE and IBC9.DE.
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Drawdown Indicators
| FAEU.DE | IBC9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.94% | -27.22% | -2.72% |
Max Drawdown (1Y)Largest decline over 1 year | -5.38% | -2.22% | -3.16% |
Max Drawdown (3Y)Largest decline over 3 years | -5.63% | -6.79% | +1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -19.80% | -10.00% | -9.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.34% | — |
Current DrawdownCurrent decline from peak | -1.17% | -0.35% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -6.40% | -7.56% | +1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 0.68% | +0.97% |
Volatility
FAEU.DE vs. IBC9.DE - Volatility Comparison
Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg) (FAEU.DE) has a higher volatility of 1.15% compared to iShares Global High Yield Corporate Bond UCITS ETF (IBC9.DE) at 1.02%. This indicates that FAEU.DE's price experiences larger fluctuations and is considered to be riskier than IBC9.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.DE | IBC9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.02% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 4.29% | 2.93% | +1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.28% | 4.01% | +1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.44% | 5.68% | +1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.55% | 7.85% | +2.70% |
FAEU.DE vs. IBC9.DE - Expense Ratio Comparison
Both FAEU.DE and IBC9.DE have an expense ratio of 0.50%.
Dividends
FAEU.DE vs. IBC9.DE - Dividend Comparison
FAEU.DE has not paid dividends to shareholders, while IBC9.DE's dividend yield for the trailing twelve months is around 7.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
IBC9.DE iShares Global High Yield Corporate Bond UCITS ETF | 7.00% | 5.55% | 5.32% | 4.88% | 4.06% | 3.76% | 4.80% | 4.78% | 4.77% | 5.03% | 4.78% | 5.18% |
Frequently Asked Questions
FAEU.DE and IBC9.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FAEU.DE and IBC9.DE have the same expense ratio: 0.50% per year.
FAEU.DE tracks FTSE Time-Weighted US Fallen Angel Bond Select Index, while IBC9.DE tracks iBoxx® Global Developed Markets Liquid High Yield Capped. They also come from different issuers: Invesco and iShares.
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