FAGB.L vs. DHYA.L
FAGB.L (Invesco US High Yield Fallen Angels UCITS ETF GBP Hedged (Acc)) and DHYA.L (iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc)) are both High Yield Bonds funds - FAGB.L tracks the FTSE Time-Weighted US Fallen Angel Bond Select Index while DHYA.L tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, FAGB.L returned 1.50%/yr vs 4.06%/yr for DHYA.L. At a 0.28 correlation, their price movements are largely independent. FAGB.L charges 0.50%/yr vs 0.25%/yr for DHYA.L.
Performance
FAGB.L vs. DHYA.L - Performance Comparison
Loading charts...
Different Trading Currencies
FAGB.L is traded in GBp, while DHYA.L is traded in USD. To make them comparable, the DHYA.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, FAGB.L achieves a 1.09% return, which is significantly lower than DHYA.L's 1.98% return.
FAGB.L
- 1D
- -0.15%
- 1M
- 0.11%
- 6M
- 0.46%
- YTD
- 1.09%
- 1Y
- 5.50%
- 3Y*
- 6.70%
- 5Y*
- 1.50%
- 10Y*
- —
DHYA.L
- 1D
- 0.17%
- 1M
- -1.23%
- 6M
- 0.94%
- YTD
- 1.98%
- 1Y
- 5.42%
- 3Y*
- 7.12%
- 5Y*
- 4.06%
- 10Y*
- —
FAGB.L vs. DHYA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FAGB.L Invesco US High Yield Fallen Angels UCITS ETF GBP Hedged (Acc) | 1.09% | 9.31% | 4.50% | 9.02% | -15.12% | 5.18% | 25.62% |
DHYA.L iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) | 1.98% | 0.73% | 10.15% | 6.72% | -1.55% | 4.81% | 4.46% |
Correlation
The correlation between FAGB.L and DHYA.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 4, 2020 | 0.28 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FAGB.L vs. DHYA.L — Risk / Return Rank
FAGB.L
DHYA.L
FAGB.L vs. DHYA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US High Yield Fallen Angels UCITS ETF GBP Hedged (Acc) (FAGB.L) and iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) (DHYA.L). 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.
| FAGB.L | DHYA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.14 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.37 | -0.20 |
| Martin ratioReturn relative to average drawdown | 4.35 | 4.07 | +0.28 |
Loading charts...
Drawdowns
FAGB.L vs. DHYA.L - Drawdown Comparison
The maximum FAGB.L drawdown since its inception was -30.30%, which is greater than DHYA.L's maximum drawdown of -10.45%. Use the drawdown chart below to compare losses from any high point for FAGB.L and DHYA.L.
Loading charts...
Drawdown Indicators
| FAGB.L | DHYA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.30% | -10.45% | -19.85% |
Max Drawdown (1Y)Largest decline over 1 year | -4.75% | -3.93% | -0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -5.31% | -9.50% | +4.19% |
Max Drawdown (5Y)Largest decline over 5 years | -18.92% | -10.45% | -8.47% |
Current DrawdownCurrent decline from peak | -0.62% | -1.97% | +1.35% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -3.52% | -1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 1.33% | -0.04% |
Volatility
FAGB.L vs. DHYA.L - Volatility Comparison
The current volatility for Invesco US High Yield Fallen Angels UCITS ETF GBP Hedged (Acc) (FAGB.L) is 1.19%, while iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) (DHYA.L) has a volatility of 1.86%. This indicates that FAGB.L experiences smaller price fluctuations and is considered to be less risky than DHYA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FAGB.L | DHYA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 1.86% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 3.84% | 5.18% | -1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.65% | 6.60% | -1.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.13% | 9.08% | -1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.53% | 9.72% | -1.19% |
FAGB.L vs. DHYA.L - Expense Ratio Comparison
FAGB.L has a 0.50% expense ratio, which is higher than DHYA.L's 0.25% expense ratio.
Dividends
FAGB.L vs. DHYA.L - Dividend Comparison
Neither FAGB.L nor DHYA.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
DHYA.L iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FAGB.L Invesco US High Yield Fallen Angels UCITS ETF GBP Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.05% |
Frequently Asked Questions
FAGB.L and DHYA.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DHYA.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DHYA.L is cheaper with a 0.25% expense ratio, compared with 0.50% for FAGB.L.
FAGB.L tracks FTSE Time-Weighted US Fallen Angel Bond Select Index, while DHYA.L tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.50% for FAGB.L and 0.25% for DHYA.L.
Find the right allocation for FAGB.L and DHYA.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer