FAHY.DE vs. HYLE.DE
FAHY.DE (Invesco US High Yield Fallen Angels UCITS ETF Dist) and HYLE.DE (iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist) are both High Yield Bonds funds - FAHY.DE tracks the Bloomberg US Corporate High Yield TR USD while HYLE.DE tracks the iBoxx® Global Developed Markets Liquid High Yield Capped (EUR Hedged). Both are passively managed. Over the past 5 years, FAHY.DE returned 3.51%/yr vs 2.18%/yr for HYLE.DE. At a 0.32 correlation, their price movements are largely independent. FAHY.DE charges 0.45%/yr vs 0.55%/yr for HYLE.DE.
Performance
FAHY.DE vs. HYLE.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FAHY.DE achieves a 1.84% return, which is significantly higher than HYLE.DE's 0.62% return.
FAHY.DE
- 1D
- -0.16%
- 1M
- 1.51%
- YTD
- 1.84%
- 6M
- 0.61%
- 1Y
- 5.71%
- 3Y*
- 4.93%
- 5Y*
- 3.51%
- 10Y*
- —
HYLE.DE
- 1D
- 0.17%
- 1M
- -0.03%
- YTD
- 0.62%
- 6M
- 0.96%
- 1Y
- 3.91%
- 3Y*
- 6.29%
- 5Y*
- 2.18%
- 10Y*
- —
FAHY.DE vs. HYLE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FAHY.DE Invesco US High Yield Fallen Angels UCITS ETF Dist | 1.84% | -2.35% | 10.86% | 6.42% | -8.72% | 14.53% | -0.80% | 2.06% |
HYLE.DE iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist | 0.62% | 5.98% | 5.45% | 9.62% | -10.62% | 3.02% | 2.52% | 3.53% |
Correlation
The correlation between FAHY.DE and HYLE.DE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2019 | 0.32 |
Over the past year, the correlation between FAHY.DE and HYLE.DE has dropped to 0.11 - well below their long-term average of 0.32, suggesting their price drivers have been diverging.
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
FAHY.DE vs. HYLE.DE — Risk / Return Rank
FAHY.DE
HYLE.DE
FAHY.DE vs. HYLE.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 iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist (HYLE.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.
| FAHY.DE | HYLE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.45 | +0.30 |
| Martin ratioReturn relative to average drawdown | 4.39 | 6.60 | -2.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FAHY.DE | HYLE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 1.20 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.37 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.31 | +0.05 |
Drawdowns
FAHY.DE vs. HYLE.DE - Drawdown Comparison
The maximum FAHY.DE drawdown since its inception was -28.23%, which is greater than HYLE.DE's maximum drawdown of -22.59%. Use the drawdown chart below to compare losses from any high point for FAHY.DE and HYLE.DE.
Loading charts...
Drawdown Indicators
| FAHY.DE | HYLE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.23% | -22.59% | -5.64% |
Max Drawdown (1Y)Largest decline over 1 year | -3.28% | -2.83% | -0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -12.29% | -4.05% | -8.24% |
Max Drawdown (5Y)Largest decline over 5 years | -12.29% | -15.38% | +3.09% |
Current DrawdownCurrent decline from peak | -3.38% | -0.23% | -3.15% |
Average DrawdownAverage peak-to-trough decline | -4.48% | -3.47% | -1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 0.63% | +0.69% |
Volatility
FAHY.DE vs. HYLE.DE - Volatility Comparison
Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.DE) has a higher volatility of 1.87% compared to iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist (HYLE.DE) at 1.06%. This indicates that FAHY.DE's price experiences larger fluctuations and is considered to be riskier than HYLE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FAHY.DE | HYLE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.87% | 1.06% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 4.40% | 2.83% | +1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.29% | 3.43% | +2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 5.85% | +2.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.67% | 8.39% | +1.28% |
FAHY.DE vs. HYLE.DE - Expense Ratio Comparison
FAHY.DE has a 0.45% expense ratio, which is lower than HYLE.DE's 0.55% expense ratio.
Dividends
FAHY.DE vs. HYLE.DE - Dividend Comparison
FAHY.DE's dividend yield for the trailing twelve months is around 6.57%, more than HYLE.DE's 5.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FAHY.DE Invesco US High Yield Fallen Angels UCITS ETF Dist | 6.57% | 6.75% | 6.86% | 6.89% | 5.82% | 4.47% | 6.24% | 6.07% | 6.09% | 5.71% | 1.23% |
HYLE.DE iShares Global High Yield Corporate Bond UCITS ETF (EUR Hedged) Dist | 5.36% | 5.34% | 5.38% | 4.76% | 4.17% | 3.83% | 4.50% | 1.75% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FAHY.DE and HYLE.DE have a correlation of 0.11, 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 0.55% for HYLE.DE.
FAHY.DE tracks Bloomberg US Corporate High Yield TR USD, while HYLE.DE tracks iBoxx® Global Developed Markets Liquid High Yield Capped (EUR Hedged). They also come from different issuers: Invesco and iShares. Their fees differ too: 0.45% for FAHY.DE and 0.55% for HYLE.DE.
Find the right allocation for FAHY.DE and HYLE.DE
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