FAEU.DE vs. QDVQ.DE
FAEU.DE (Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg)) and QDVQ.DE (iShares Fallen Angels 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 QDVQ.DE tracks the Bloomberg Global Corporate ex EM Fallen Angels 3% Capped. Both are passively managed. Over the past 5 years, FAEU.DE returned 0.19%/yr vs 3.24%/yr for QDVQ.DE. At a 0.39 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.
Performance
FAEU.DE vs. QDVQ.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 QDVQ.DE's 4.37% 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*
- —
QDVQ.DE
- 1D
- 0.21%
- 1M
- 2.22%
- 6M
- 4.37%
- YTD
- 4.37%
- 1Y
- 8.07%
- 3Y*
- 6.40%
- 5Y*
- 3.24%
- 10Y*
- 5.46%
FAEU.DE vs. QDVQ.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% |
QDVQ.DE iShares Fallen Angels High Yield Corporate Bond UCITS ETF | 4.37% | 0.03% | 8.76% | 8.81% | -8.88% | 10.59% | 7.56% | 18.61% | -0.86% | -0.57% |
Correlation
The correlation between FAEU.DE and QDVQ.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2017 | 0.39 |
The correlation between FAEU.DE and QDVQ.DE shifts across timeframes, from 0.22 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FAEU.DE vs. QDVQ.DE — Risk / Return Rank
FAEU.DE
QDVQ.DE
FAEU.DE vs. QDVQ.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 Fallen Angels High Yield Corporate Bond UCITS ETF (QDVQ.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 | QDVQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.30 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 2.86 | -2.29 |
| Martin ratioReturn relative to average drawdown | 1.87 | 9.90 | -8.03 |
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Drawdowns
FAEU.DE vs. QDVQ.DE - Drawdown Comparison
The maximum FAEU.DE drawdown since its inception was -29.94%, which is greater than QDVQ.DE's maximum drawdown of -22.96%. Use the drawdown chart below to compare losses from any high point for FAEU.DE and QDVQ.DE.
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Drawdown Indicators
| FAEU.DE | QDVQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.94% | -22.96% | -6.98% |
Max Drawdown (1Y)Largest decline over 1 year | -5.38% | -2.81% | -2.57% |
Max Drawdown (3Y)Largest decline over 3 years | -5.63% | -9.29% | +3.66% |
Max Drawdown (5Y)Largest decline over 5 years | -19.80% | -11.19% | -8.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.96% | — |
Current DrawdownCurrent decline from peak | -1.17% | 0.00% | -1.17% |
Average DrawdownAverage peak-to-trough decline | -6.40% | -3.14% | -3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 0.81% | +0.84% |
Volatility
FAEU.DE vs. QDVQ.DE - Volatility Comparison
The current volatility for Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg) (FAEU.DE) is 1.15%, while iShares Fallen Angels High Yield Corporate Bond UCITS ETF (QDVQ.DE) has a volatility of 1.48%. This indicates that FAEU.DE experiences smaller price fluctuations and is considered to be less risky than QDVQ.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 | QDVQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.48% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 4.29% | 3.60% | +0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.28% | 5.11% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.44% | 6.52% | +0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.55% | 8.40% | +2.15% |
FAEU.DE vs. QDVQ.DE - Expense Ratio Comparison
Both FAEU.DE and QDVQ.DE have an expense ratio of 0.50%.
Dividends
FAEU.DE vs. QDVQ.DE - Dividend Comparison
FAEU.DE has not paid dividends to shareholders, while QDVQ.DE's dividend yield for the trailing twelve months is around 5.59%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
QDVQ.DE iShares Fallen Angels High Yield Corporate Bond UCITS ETF | 5.59% | 5.73% | 5.78% | 5.25% | 4.46% | 3.82% | 4.44% | 4.56% | 4.97% | 4.65% | 2.13% |
Frequently Asked Questions
FAEU.DE and QDVQ.DE have a correlation of 0.22, 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 QDVQ.DE have the same expense ratio: 0.50% per year.
FAEU.DE tracks FTSE Time-Weighted US Fallen Angel Bond Select Index, while QDVQ.DE tracks Bloomberg Global Corporate ex EM Fallen Angels 3% Capped. They also come from different issuers: Invesco and iShares.
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