FAHY.DE vs. SYBK.DE
FAHY.DE (Invesco US High Yield Fallen Angels UCITS ETF Dist) and SYBK.DE (SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist)) are both High Yield Bonds funds - FAHY.DE tracks the Bloomberg US Corporate High Yield TR USD while SYBK.DE tracks the Bloomberg SASB US Corporate High Yield ESG Ex-Controversies Select. Both are passively managed. Over the past 5 years, FAHY.DE returned 3.51%/yr vs 5.13%/yr for SYBK.DE. Their correlation of 0.87 suggests significant overlap in exposure. FAHY.DE charges 0.45%/yr vs 0.30%/yr for SYBK.DE.
Performance
FAHY.DE vs. SYBK.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 lower than SYBK.DE's 2.75% 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*
- —
SYBK.DE
- 1D
- 0.05%
- 1M
- 1.49%
- YTD
- 2.75%
- 6M
- 1.90%
- 1Y
- 4.67%
- 3Y*
- 6.03%
- 5Y*
- 5.13%
- 10Y*
- 4.73%
FAHY.DE vs. SYBK.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 | 1.84% | -2.35% | 10.86% | 6.42% | -8.72% | 14.53% | -0.80% | 16.13% | -1.45% | -4.35% |
SYBK.DE SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) | 2.75% | -4.18% | 15.91% | 8.73% | -5.33% | 13.84% | -4.47% | 12.57% | 4.33% | -7.71% |
Correlation
The correlation between FAHY.DE and SYBK.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2016 | 0.87 |
The correlation between FAHY.DE and SYBK.DE has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.
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Return for Risk
FAHY.DE vs. SYBK.DE — Risk / Return Rank
FAHY.DE
SYBK.DE
FAHY.DE vs. SYBK.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 SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) (SYBK.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 | SYBK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.14 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.45 | +0.31 |
| Martin ratioReturn relative to average drawdown | 4.39 | 3.91 | +0.48 |
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 | SYBK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 0.77 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.61 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.61 | -0.25 |
Drawdowns
FAHY.DE vs. SYBK.DE - Drawdown Comparison
The maximum FAHY.DE drawdown since its inception was -28.23%, which is greater than SYBK.DE's maximum drawdown of -19.71%. Use the drawdown chart below to compare losses from any high point for FAHY.DE and SYBK.DE.
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Drawdown Indicators
| FAHY.DE | SYBK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.23% | -19.71% | -8.52% |
Max Drawdown (1Y)Largest decline over 1 year | -3.28% | -3.17% | -0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -12.29% | -12.84% | +0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -12.29% | -12.84% | +0.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.71% | — |
Current DrawdownCurrent decline from peak | -3.38% | -4.42% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -4.48% | -4.26% | -0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 1.17% | +0.15% |
Volatility
FAHY.DE vs. SYBK.DE - Volatility Comparison
Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.DE) has a higher volatility of 1.87% compared to SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) (SYBK.DE) at 1.31%. This indicates that FAHY.DE's price experiences larger fluctuations and is considered to be riskier than SYBK.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 | SYBK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.87% | 1.31% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 4.40% | 4.11% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.29% | 5.95% | +0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 8.26% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.67% | 8.44% | +1.23% |
FAHY.DE vs. SYBK.DE - Expense Ratio Comparison
FAHY.DE has a 0.45% expense ratio, which is higher than SYBK.DE's 0.30% expense ratio.
Dividends
FAHY.DE vs. SYBK.DE - Dividend Comparison
FAHY.DE's dividend yield for the trailing twelve months is around 6.57%, less than SYBK.DE's 7.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
SYBK.DE SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) | 7.17% | 7.68% | 6.96% | 6.73% | 5.79% | 5.11% | 6.01% | 5.54% | 5.04% | 6.51% | 5.30% | 5.35% |
Frequently Asked Questions
FAHY.DE and SYBK.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBK.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBK.DE is cheaper with a 0.30% expense ratio, compared with 0.45% for FAHY.DE.
FAHY.DE tracks Bloomberg US Corporate High Yield TR USD, while SYBK.DE tracks Bloomberg SASB US Corporate High Yield ESG Ex-Controversies Select. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.45% for FAHY.DE and 0.30% for SYBK.DE.
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