FAHY.DE vs. JGHY.DE
FAHY.DE (Invesco US High Yield Fallen Angels UCITS ETF Dist) and JGHY.DE (JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc) are both High Yield Bonds funds. FAHY.DE is passively managed, while JGHY.DE is actively managed. Over the past 5 years, FAHY.DE returned 3.02%/yr vs 4.39%/yr for JGHY.DE. Their correlation of 0.83 suggests significant overlap in exposure. FAHY.DE charges 0.45%/yr vs 0.35%/yr for JGHY.DE.
Performance
FAHY.DE vs. JGHY.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 lower than JGHY.DE's 4.92% 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*
- —
JGHY.DE
- 1D
- -0.21%
- 1M
- 1.20%
- 6M
- 3.93%
- YTD
- 4.92%
- 1Y
- 8.73%
- 3Y*
- 7.91%
- 5Y*
- 4.39%
- 10Y*
- —
FAHY.DE vs. JGHY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FAHY.DE Invesco US High Yield Fallen Angels UCITS ETF Dist | 4.63% | -2.30% | 10.83% | 6.42% | -8.70% | 14.53% | -1.61% |
JGHY.DE JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc | 4.92% | -0.68% | 12.22% | 7.50% | -4.77% | 10.40% | -13.43% |
Correlation
The correlation between FAHY.DE and JGHY.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.83 |
The correlation between FAHY.DE and JGHY.DE shifts across timeframes, from 0.71 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FAHY.DE vs. JGHY.DE — Risk / Return Rank
FAHY.DE
JGHY.DE
FAHY.DE vs. JGHY.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 JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc (JGHY.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 | JGHY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.41 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 4.15 | -1.75 |
| Martin ratioReturn relative to average drawdown | 6.05 | 13.75 | -7.70 |
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Drawdowns
FAHY.DE vs. JGHY.DE - Drawdown Comparison
The maximum FAHY.DE drawdown since its inception was -28.24%, which is greater than JGHY.DE's maximum drawdown of -24.72%. Use the drawdown chart below to compare losses from any high point for FAHY.DE and JGHY.DE.
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Drawdown Indicators
| FAHY.DE | JGHY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.24% | -24.72% | -3.52% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -2.32% | -0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -12.30% | -10.49% | -1.81% |
Max Drawdown (5Y)Largest decline over 5 years | -12.30% | -10.49% | -1.81% |
Current DrawdownCurrent decline from peak | -0.72% | -0.52% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -6.58% | +0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.31% | 0.70% | +0.61% |
Volatility
FAHY.DE vs. JGHY.DE - Volatility Comparison
Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.DE) has a higher volatility of 2.51% compared to JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc (JGHY.DE) at 1.21%. This indicates that FAHY.DE's price experiences larger fluctuations and is considered to be riskier than JGHY.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 | JGHY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.51% | 1.21% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 4.83% | 3.04% | +1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.67% | 4.63% | +2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.46% | 6.57% | +1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.81% | 8.78% | +5.03% |
FAHY.DE vs. JGHY.DE - Expense Ratio Comparison
FAHY.DE has a 0.45% expense ratio, which is higher than JGHY.DE's 0.35% expense ratio.
Dividends
FAHY.DE vs. JGHY.DE - Dividend Comparison
FAHY.DE's dividend yield for the trailing twelve months is around 6.45%, while JGHY.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
JGHY.DE JPM Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FAHY.DE and JGHY.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JGHY.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JGHY.DE is cheaper with a 0.35% expense ratio, compared with 0.45% for FAHY.DE.
They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.45% for FAHY.DE and 0.35% for JGHY.DE.
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