FAEU.DE vs. XZHY.DE
FAEU.DE (Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg)) and XZHY.DE (Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C) are both High Yield Bonds funds - FAEU.DE tracks the FTSE Time-Weighted US Fallen Angel Bond Select Index while XZHY.DE tracks the Bloomberg MSCI US High Yield Sustainable and SRI. Both are passively managed. Over the past 3 years, FAEU.DE returned 5.35%/yr vs 6.65%/yr for XZHY.DE. At a 0.24 correlation, their price movements are largely independent. FAEU.DE charges 0.50%/yr vs 0.25%/yr for XZHY.DE.
Performance
FAEU.DE vs. XZHY.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 XZHY.DE's 4.88% 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*
- —
XZHY.DE
- 1D
- 0.00%
- 1M
- 2.11%
- 6M
- 4.68%
- YTD
- 4.88%
- 1Y
- 8.78%
- 3Y*
- 6.65%
- 5Y*
- —
- 10Y*
- —
FAEU.DE vs. XZHY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FAEU.DE Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg) | 0.54% | 7.55% | 2.62% | 7.66% | -1.31% |
XZHY.DE Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C | 4.88% | -3.17% | 13.38% | 8.40% | -5.88% |
Correlation
The correlation between FAEU.DE and XZHY.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 | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2022 | 0.24 |
Over the past year, the correlation between FAEU.DE and XZHY.DE has dropped to 0.02 - well below their long-term average of 0.24, suggesting their price drivers have been diverging.
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Return for Risk
FAEU.DE vs. XZHY.DE — Risk / Return Rank
FAEU.DE
XZHY.DE
FAEU.DE vs. XZHY.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 ESG USD High Yield Corporate Bond UCITS ETF 1C (XZHY.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 | XZHY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.27 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 2.84 | -2.26 |
| Martin ratioReturn relative to average drawdown | 1.87 | 9.44 | -7.57 |
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Drawdowns
FAEU.DE vs. XZHY.DE - Drawdown Comparison
The maximum FAEU.DE drawdown since its inception was -29.94%, which is greater than XZHY.DE's maximum drawdown of -11.51%. Use the drawdown chart below to compare losses from any high point for FAEU.DE and XZHY.DE.
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Drawdown Indicators
| FAEU.DE | XZHY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.94% | -11.51% | -18.43% |
Max Drawdown (1Y)Largest decline over 1 year | -5.38% | -3.11% | -2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -5.63% | -11.51% | +5.88% |
Max Drawdown (5Y)Largest decline over 5 years | -19.80% | — | — |
Current DrawdownCurrent decline from peak | -1.17% | -1.38% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -6.40% | -4.45% | -1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 0.93% | +0.72% |
Volatility
FAEU.DE vs. XZHY.DE - Volatility Comparison
The current volatility for Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg) (FAEU.DE) is 1.15%, while Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C (XZHY.DE) has a volatility of 1.42%. This indicates that FAEU.DE experiences smaller price fluctuations and is considered to be less risky than XZHY.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 | XZHY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.42% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 4.29% | 3.85% | +0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.28% | 5.90% | -0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.44% | 7.55% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.55% | 7.55% | +3.00% |
FAEU.DE vs. XZHY.DE - Expense Ratio Comparison
FAEU.DE has a 0.50% expense ratio, which is higher than XZHY.DE's 0.25% expense ratio.
Dividends
FAEU.DE vs. XZHY.DE - Dividend Comparison
Neither FAEU.DE nor XZHY.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% |
XZHY.DE Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FAEU.DE and XZHY.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, XZHY.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZHY.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 XZHY.DE tracks Bloomberg MSCI US High Yield Sustainable and SRI. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.50% for FAEU.DE and 0.25% for XZHY.DE.
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