FAEU.DE vs. IS3K.DE
FAEU.DE (Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg)) and IS3K.DE (iShares USD Short Duration 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 IS3K.DE tracks the iBoxx® USD Liquid High Yield 0-5 Capped. Both are passively managed. Over the past 5 years, FAEU.DE returned 0.19%/yr vs 5.30%/yr for IS3K.DE. At a 0.22 correlation, their price movements are largely independent. FAEU.DE charges 0.50%/yr vs 0.45%/yr for IS3K.DE.
Performance
FAEU.DE vs. IS3K.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 IS3K.DE's 5.02% 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*
- —
IS3K.DE
- 1D
- 0.00%
- 1M
- 2.14%
- 6M
- 4.83%
- YTD
- 5.02%
- 1Y
- 8.83%
- 3Y*
- 5.91%
- 5Y*
- 5.30%
- 10Y*
- 4.57%
FAEU.DE vs. IS3K.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% |
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 5.02% | -3.41% | 12.68% | 5.21% | 2.20% | 12.74% | -5.49% | 12.34% | 4.89% | -1.70% |
Correlation
The correlation between FAEU.DE and IS3K.DE is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2017 | 0.22 |
The correlation between FAEU.DE and IS3K.DE shifts across timeframes, from -0.02 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FAEU.DE vs. IS3K.DE — Risk / Return Rank
FAEU.DE
IS3K.DE
FAEU.DE vs. IS3K.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 USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.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 | IS3K.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.28 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 2.85 | -2.27 |
| Martin ratioReturn relative to average drawdown | 1.87 | 9.23 | -7.35 |
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Drawdowns
FAEU.DE vs. IS3K.DE - Drawdown Comparison
The maximum FAEU.DE drawdown since its inception was -29.94%, which is greater than IS3K.DE's maximum drawdown of -27.02%. Use the drawdown chart below to compare losses from any high point for FAEU.DE and IS3K.DE.
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Drawdown Indicators
| FAEU.DE | IS3K.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.94% | -27.02% | -2.92% |
Max Drawdown (1Y)Largest decline over 1 year | -5.38% | -3.09% | -2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -5.63% | -11.25% | +5.62% |
Max Drawdown (5Y)Largest decline over 5 years | -19.80% | -11.25% | -8.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.93% | — |
Current DrawdownCurrent decline from peak | -1.17% | -1.41% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -6.40% | -6.52% | +0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 0.95% | +0.70% |
Volatility
FAEU.DE vs. IS3K.DE - Volatility Comparison
The current volatility for Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg) (FAEU.DE) is 1.15%, while iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) has a volatility of 1.43%. This indicates that FAEU.DE experiences smaller price fluctuations and is considered to be less risky than IS3K.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 | IS3K.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.43% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 4.29% | 3.80% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.28% | 5.71% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.44% | 7.09% | +0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.55% | 7.82% | +2.73% |
FAEU.DE vs. IS3K.DE - Expense Ratio Comparison
FAEU.DE has a 0.50% expense ratio, which is higher than IS3K.DE's 0.45% expense ratio.
Dividends
FAEU.DE vs. IS3K.DE - Dividend Comparison
FAEU.DE has not paid dividends to shareholders, while IS3K.DE's dividend yield for the trailing twelve months is around 6.62%.
| 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% |
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 6.62% | 6.65% | 6.31% | 5.70% | 4.36% | 4.12% | 5.05% | 5.26% | 5.48% | 5.68% | 5.57% | 5.05% |
Frequently Asked Questions
FAEU.DE and IS3K.DE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3K.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3K.DE is cheaper with a 0.45% expense ratio, compared with 0.50% for FAEU.DE.
FAEU.DE tracks FTSE Time-Weighted US Fallen Angel Bond Select Index, while IS3K.DE tracks iBoxx® USD Liquid High Yield 0-5 Capped. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.50% for FAEU.DE and 0.45% for IS3K.DE.
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