FAEU.DE vs. XUHE.DE
FAEU.DE (Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg)) and XUHE.DE (Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc)) are both High Yield Bonds funds - FAEU.DE tracks the FTSE Time-Weighted US Fallen Angel Bond Select Index while XUHE.DE tracks the Bloomberg US High Yield Very Liquid ex 144A Index (EUR Hedged). Both are passively managed. Over the past 3 years, FAEU.DE returned 5.35%/yr vs 6.61%/yr for XUHE.DE. A 0.55 correlation means they provide meaningful diversification when combined. FAEU.DE charges 0.50%/yr vs 0.25%/yr for XUHE.DE.
Performance
FAEU.DE vs. XUHE.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 XUHE.DE's 1.21% 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*
- —
XUHE.DE
- 1D
- -0.12%
- 1M
- 0.30%
- 6M
- 1.21%
- YTD
- 1.21%
- 1Y
- 3.98%
- 3Y*
- 6.61%
- 5Y*
- —
- 10Y*
- —
FAEU.DE vs. XUHE.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% | 0.87% |
XUHE.DE Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) | 1.21% | 7.00% | 5.04% | 10.87% | -14.46% | 0.91% |
Correlation
The correlation between FAEU.DE and XUHE.DE is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021 | 0.55 |
The correlation between FAEU.DE and XUHE.DE shifts across timeframes, from 0.55 (all time) to 0.75 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FAEU.DE vs. XUHE.DE — Risk / Return Rank
FAEU.DE
XUHE.DE
FAEU.DE vs. XUHE.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 Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) (XUHE.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 | XUHE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.19 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 1.32 | -0.75 |
| Martin ratioReturn relative to average drawdown | 1.87 | 6.17 | -4.29 |
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Drawdowns
FAEU.DE vs. XUHE.DE - Drawdown Comparison
The maximum FAEU.DE drawdown since its inception was -29.94%, which is greater than XUHE.DE's maximum drawdown of -17.56%. Use the drawdown chart below to compare losses from any high point for FAEU.DE and XUHE.DE.
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Drawdown Indicators
| FAEU.DE | XUHE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.94% | -17.56% | -12.38% |
Max Drawdown (1Y)Largest decline over 1 year | -5.38% | -3.00% | -2.38% |
Max Drawdown (3Y)Largest decline over 3 years | -5.63% | -5.20% | -0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -19.80% | — | — |
Current DrawdownCurrent decline from peak | -1.17% | -0.12% | -1.05% |
Average DrawdownAverage peak-to-trough decline | -6.40% | -5.49% | -0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 0.64% | +1.01% |
Volatility
FAEU.DE vs. XUHE.DE - Volatility Comparison
Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg) (FAEU.DE) and Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) (XUHE.DE) have volatilities of 1.15% and 1.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAEU.DE | XUHE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.19% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.29% | 3.49% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.28% | 4.13% | +1.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.44% | 7.43% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.55% | 7.43% | +3.12% |
FAEU.DE vs. XUHE.DE - Expense Ratio Comparison
FAEU.DE has a 0.50% expense ratio, which is higher than XUHE.DE's 0.25% expense ratio.
Dividends
FAEU.DE vs. XUHE.DE - Dividend Comparison
Neither FAEU.DE nor XUHE.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
XUHE.DE Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (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 XUHE.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUHE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUHE.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for FAEU.DE.
FAEU.DE tracks FTSE Time-Weighted US Fallen Angel Bond Select Index, while XUHE.DE tracks Bloomberg US High Yield Very Liquid ex 144A Index (EUR Hedged). They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.50% for FAEU.DE and 0.25% for XUHE.DE.
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