FAGB.L vs. G500.L
FAGB.L (Invesco US High Yield Fallen Angels UCITS ETF (GBP Hdg)) and G500.L (Invesco S&P 500 UCITS ETF (GBP Hdg)) are both Global Equities funds from Invesco - FAGB.L tracks the Invesco US High Yield Fallen Angels UCITS ETF (GBP Hdg) while G500.L tracks the Invesco S&P 500 UCITS ETF (GBP Hdg). Both are passively managed. Over the past 5 years, FAGB.L returned 1.50%/yr vs 12.15%/yr for G500.L. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
FAGB.L vs. G500.L - Performance Comparison
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Returns By Period
In the year-to-date period, FAGB.L achieves a 1.09% return, which is significantly lower than G500.L's 9.90% return.
FAGB.L
- 1D
- -0.15%
- 1M
- -0.37%
- 6M
- 0.51%
- YTD
- 1.09%
- 1Y
- 5.68%
- 3Y*
- 6.70%
- 5Y*
- 1.50%
- 10Y*
- —
G500.L
- 1D
- -0.05%
- 1M
- -0.03%
- 6M
- 9.49%
- YTD
- 9.90%
- 1Y
- 21.08%
- 3Y*
- 19.63%
- 5Y*
- 12.15%
- 10Y*
- —
FAGB.L vs. G500.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FAGB.L Invesco US High Yield Fallen Angels UCITS ETF (GBP Hdg) | 1.09% | 9.31% | 4.50% | 9.02% | -15.12% | 5.18% | 16.43% |
G500.L Invesco S&P 500 UCITS ETF (GBP Hdg) | 9.90% | 17.45% | 24.98% | 24.88% | -19.98% | 28.95% | 20.65% |
Correlation
The correlation between FAGB.L and G500.L is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2020 | 0.61 |
The correlation between FAGB.L and G500.L has been stable across timeframes, ranging from 0.55 to 0.61 - a consistent structural relationship.
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Return for Risk
FAGB.L vs. G500.L — Risk / Return Rank
FAGB.L
G500.L
FAGB.L vs. G500.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 Hdg) (FAGB.L) and Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.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 | G500.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.33 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 2.65 | -1.48 |
| Martin ratioReturn relative to average drawdown | 4.35 | 10.68 | -6.33 |
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Drawdowns
FAGB.L vs. G500.L - Drawdown Comparison
The maximum FAGB.L drawdown since its inception was -30.30%, which is greater than G500.L's maximum drawdown of -25.20%. Use the drawdown chart below to compare losses from any high point for FAGB.L and G500.L.
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Drawdown Indicators
| FAGB.L | G500.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.30% | -25.20% | -5.10% |
Max Drawdown (1Y)Largest decline over 1 year | -4.75% | -8.21% | +3.46% |
Max Drawdown (3Y)Largest decline over 3 years | -5.31% | -18.22% | +12.91% |
Max Drawdown (5Y)Largest decline over 5 years | -18.92% | -25.20% | +6.28% |
Current DrawdownCurrent decline from peak | -0.62% | -0.66% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -5.31% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 2.04% | -0.75% |
Volatility
FAGB.L vs. G500.L - Volatility Comparison
The current volatility for Invesco US High Yield Fallen Angels UCITS ETF (GBP Hdg) (FAGB.L) is 1.19%, while Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.L) has a volatility of 2.79%. This indicates that FAGB.L experiences smaller price fluctuations and is considered to be less risky than G500.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAGB.L | G500.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 2.79% | -1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 3.84% | 9.28% | -5.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.65% | 12.06% | -7.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.13% | 15.99% | -8.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.53% | 15.87% | -7.34% |
Dividends
FAGB.L vs. G500.L - Dividend Comparison
Neither FAGB.L nor G500.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FAGB.L Invesco US High Yield Fallen Angels UCITS ETF (GBP Hdg) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.05% |
G500.L Invesco S&P 500 UCITS ETF (GBP Hdg) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FAGB.L and G500.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAGB.L tracks Invesco US High Yield Fallen Angels UCITS ETF (GBP Hdg), while G500.L tracks Invesco S&P 500 UCITS ETF (GBP Hdg).
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