FAHY.DE vs. IBC7.DE
FAHY.DE (Invesco US High Yield Fallen Angels UCITS ETF Dist) and IBC7.DE (iShares Fallen Angels High Yield Corp Bond UCITS ETF EUR Hedged (Dist)) are both High Yield Bonds funds - FAHY.DE tracks the Bloomberg US Corporate High Yield TR USD while IBC7.DE tracks the Bloomberg Global Corporate ex EM Fallen Angels 3% Capped (EUR Hedged). Both are passively managed. Over the past 5 years, FAHY.DE returned 3.51%/yr vs 1.34%/yr for IBC7.DE. At a 0.34 correlation, their price movements are largely independent. FAHY.DE charges 0.45%/yr vs 0.55%/yr for IBC7.DE.
Performance
FAHY.DE vs. IBC7.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FAHY.DE achieves a 1.84% return, which is significantly higher than IBC7.DE's 0.72% 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*
- —
IBC7.DE
- 1D
- 0.11%
- 1M
- 0.31%
- YTD
- 0.72%
- 6M
- 0.87%
- 1Y
- 5.33%
- 3Y*
- 5.92%
- 5Y*
- 1.34%
- 10Y*
- —
FAHY.DE vs. IBC7.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | 16.13% | 2.65% |
IBC7.DE iShares Fallen Angels High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | 0.72% | 6.91% | 3.22% | 9.52% | -14.03% | 3.70% | 13.72% | 13.48% | -4.74% |
Correlation
The correlation between FAHY.DE and IBC7.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.34 |
The correlation between FAHY.DE and IBC7.DE shifts across timeframes, from 0.19 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FAHY.DE vs. IBC7.DE — Risk / Return Rank
FAHY.DE
IBC7.DE
FAHY.DE vs. IBC7.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 Fallen Angels High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IBC7.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 | IBC7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.29 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.56 | +0.20 |
| Martin ratioReturn relative to average drawdown | 4.39 | 6.24 | -1.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FAHY.DE | IBC7.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 1.53 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.22 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.45 | -0.08 |
Drawdowns
FAHY.DE vs. IBC7.DE - Drawdown Comparison
The maximum FAHY.DE drawdown since its inception was -28.23%, which is greater than IBC7.DE's maximum drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for FAHY.DE and IBC7.DE.
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Drawdown Indicators
| FAHY.DE | IBC7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.23% | -21.83% | -6.40% |
Max Drawdown (1Y)Largest decline over 1 year | -3.28% | -3.47% | +0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -12.29% | -4.46% | -7.83% |
Max Drawdown (5Y)Largest decline over 5 years | -12.29% | -18.31% | +6.02% |
Current DrawdownCurrent decline from peak | -3.38% | -0.51% | -2.87% |
Average DrawdownAverage peak-to-trough decline | -4.48% | -4.47% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 0.87% | +0.45% |
Volatility
FAHY.DE vs. IBC7.DE - Volatility Comparison
Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.DE) has a higher volatility of 1.87% compared to iShares Fallen Angels High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IBC7.DE) at 1.10%. This indicates that FAHY.DE's price experiences larger fluctuations and is considered to be riskier than IBC7.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 | IBC7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.87% | 1.10% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 4.40% | 2.86% | +1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.29% | 3.53% | +2.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 5.98% | +2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.67% | 8.00% | +1.67% |
FAHY.DE vs. IBC7.DE - Expense Ratio Comparison
FAHY.DE has a 0.45% expense ratio, which is lower than IBC7.DE's 0.55% expense ratio.
Dividends
FAHY.DE vs. IBC7.DE - Dividend Comparison
FAHY.DE's dividend yield for the trailing twelve months is around 6.57%, less than IBC7.DE's 6.97% 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% |
IBC7.DE iShares Fallen Angels High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | 6.97% | 5.55% | 5.89% | 5.17% | 4.46% | 3.93% | 4.18% | 4.59% | 3.28% | 0.00% | 0.00% |
Frequently Asked Questions
FAHY.DE and IBC7.DE have a correlation of 0.19, 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 IBC7.DE.
FAHY.DE tracks Bloomberg US Corporate High Yield TR USD, while IBC7.DE tracks Bloomberg Global Corporate ex EM Fallen Angels 3% 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 IBC7.DE.
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