FAHY.DE vs. FAEU.DE
FAHY.DE (Invesco US High Yield Fallen Angels UCITS ETF Dist) and FAEU.DE (Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg)) are both High Yield Bonds funds from Invesco - FAHY.DE tracks the Bloomberg US Corporate High Yield TR USD while FAEU.DE tracks the FTSE Time-Weighted US Fallen Angel Bond Select Index. Both are passively managed. Over the past 5 years, FAHY.DE returned 3.02%/yr vs 0.06%/yr for FAEU.DE. At a 0.45 correlation, their price movements are largely independent. FAHY.DE charges 0.45%/yr vs 0.50%/yr for FAEU.DE.
Performance
FAHY.DE vs. FAEU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FAHY.DE achieves a 4.63% return, which is significantly higher than FAEU.DE's 0.40% return.
FAHY.DE
- 1D
- 0.16%
- 1M
- 2.12%
- 6M
- 2.96%
- YTD
- 4.63%
- 1Y
- 7.97%
- 3Y*
- 6.67%
- 5Y*
- 3.02%
- 10Y*
- —
FAEU.DE
- 1D
- 0.14%
- 1M
- 0.18%
- 6M
- -0.29%
- YTD
- 0.40%
- 1Y
- 3.87%
- 3Y*
- 5.02%
- 5Y*
- 0.06%
- 10Y*
- —
FAHY.DE vs. FAEU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAHY.DE Invesco US High Yield Fallen Angels UCITS ETF Dist | 4.63% | -2.30% | 10.83% | 6.42% | -8.70% | 14.53% | -0.82% | 16.15% | -1.46% | -1.15% |
FAEU.DE Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg) | 0.40% | 7.55% | 2.62% | 7.66% | -16.29% | 4.49% | 6.43% | 10.22% | -0.87% | 0.12% |
Correlation
The correlation between FAHY.DE and FAEU.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2017 | 0.45 |
Over the past year, the correlation between FAHY.DE and FAEU.DE has dropped to 0.16 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
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Return for Risk
FAHY.DE vs. FAEU.DE — Risk / Return Rank
FAHY.DE
FAEU.DE
FAHY.DE vs. FAEU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.DE) and Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg) (FAEU.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.
| FAHY.DE | FAEU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.15 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 0.72 | +1.68 |
| Martin ratioReturn relative to average drawdown | 6.05 | 2.32 | +3.73 |
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Drawdowns
FAHY.DE vs. FAEU.DE - Drawdown Comparison
The maximum FAHY.DE drawdown since its inception was -28.24%, smaller than the maximum FAEU.DE drawdown of -29.94%. Use the drawdown chart below to compare losses from any high point for FAHY.DE and FAEU.DE.
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Drawdown Indicators
| FAHY.DE | FAEU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.24% | -29.94% | +1.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -5.38% | +2.07% |
Max Drawdown (3Y)Largest decline over 3 years | -12.30% | -5.63% | -6.67% |
Max Drawdown (5Y)Largest decline over 5 years | -12.30% | -19.80% | +7.50% |
Current DrawdownCurrent decline from peak | -0.72% | -1.31% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -6.38% | +0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.31% | 1.67% | -0.36% |
Volatility
FAHY.DE vs. FAEU.DE - Volatility Comparison
Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.DE) has a higher volatility of 2.51% compared to Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg) (FAEU.DE) at 0.94%. This indicates that FAHY.DE's price experiences larger fluctuations and is considered to be riskier than FAEU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAHY.DE | FAEU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.51% | 0.94% | +1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 4.83% | 4.27% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.67% | 5.25% | +1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.46% | 7.44% | +1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.81% | 10.53% | +3.28% |
FAHY.DE vs. FAEU.DE - Expense Ratio Comparison
FAHY.DE has a 0.45% expense ratio, which is lower than FAEU.DE's 0.50% expense ratio.
Dividends
FAHY.DE vs. FAEU.DE - Dividend Comparison
FAHY.DE's dividend yield for the trailing twelve months is around 6.45%, while FAEU.DE has not paid dividends to shareholders.
| 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% |
FAHY.DE Invesco US High Yield Fallen Angels UCITS ETF Dist | 6.45% | 6.75% | 6.86% | 6.89% | 5.82% | 4.47% | 6.24% | 6.07% | 6.09% | 5.71% | 1.23% |
Frequently Asked Questions
FAHY.DE and FAEU.DE have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FAHY.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FAHY.DE is cheaper with a 0.45% expense ratio, compared with 0.50% for FAEU.DE.
FAHY.DE tracks Bloomberg US Corporate High Yield TR USD, while FAEU.DE tracks FTSE Time-Weighted US Fallen Angel Bond Select Index. Their fees differ too: 0.45% for FAHY.DE and 0.50% for FAEU.DE.
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