FAHY.DE vs. UDHY.DE
Compare and contrast key facts about Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.DE) and iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (UDHY.DE).
FAHY.DE and UDHY.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FAHY.DE is a passively managed fund by Invesco that tracks the performance of the Bloomberg US Corporate High Yield TR USD. It was launched on Sep 1, 2016. UDHY.DE is a passively managed fund by iShares that tracks the performance of the ICE BofAML US High Yield Constrained. It was launched on Apr 5, 2022. Both FAHY.DE and UDHY.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FAHY.DE vs. UDHY.DE - Performance Comparison
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FAHY.DE vs. UDHY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FAHY.DE Invesco US High Yield Fallen Angels UCITS ETF Dist | 0.48% | -2.35% | 10.86% | 6.45% |
UDHY.DE iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | -1.75% | -3.92% | 13.24% | 6.63% |
Returns By Period
In the year-to-date period, FAHY.DE achieves a 0.48% return, which is significantly higher than UDHY.DE's -1.75% return.
FAHY.DE
- 1D
- 1.08%
- 1M
- -1.14%
- YTD
- 0.48%
- 6M
- 0.62%
- 1Y
- -0.58%
- 3Y*
- 4.83%
- 5Y*
- 2.89%
- 10Y*
- —
UDHY.DE
- 1D
- 0.51%
- 1M
- 0.41%
- YTD
- -1.75%
- 6M
- -1.16%
- 1Y
- -3.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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FAHY.DE vs. UDHY.DE - Expense Ratio Comparison
FAHY.DE has a 0.45% expense ratio, which is higher than UDHY.DE's 0.20% expense ratio.
Return for Risk
FAHY.DE vs. UDHY.DE — Risk / Return Rank
FAHY.DE
UDHY.DE
FAHY.DE vs. UDHY.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 Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (UDHY.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 | UDHY.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.07 | -0.37 | +0.30 |
Sortino ratioReturn per unit of downside risk | -0.03 | -0.40 | +0.37 |
Omega ratioGain probability vs. loss probability | 1.00 | 0.94 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.51 | -0.06 | +0.57 |
Martin ratioReturn relative to average drawdown | 1.49 | -0.14 | +1.63 |
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 | UDHY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.07 | -0.37 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.64 | -0.29 |
Correlation
The correlation between FAHY.DE and UDHY.DE is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FAHY.DE vs. UDHY.DE - Dividend Comparison
FAHY.DE's dividend yield for the trailing twelve months is around 6.66%, more than UDHY.DE's 3.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FAHY.DE Invesco US High Yield Fallen Angels UCITS ETF Dist | 6.66% | 6.75% | 6.86% | 6.89% | 5.82% | 4.47% | 6.24% | 6.07% | 6.09% | 5.71% | 1.23% |
UDHY.DE iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 3.20% | 7.37% | 6.63% | 2.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FAHY.DE vs. UDHY.DE - Drawdown Comparison
The maximum FAHY.DE drawdown since its inception was -28.23%, which is greater than UDHY.DE's maximum drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for FAHY.DE and UDHY.DE.
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Drawdown Indicators
| FAHY.DE | UDHY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.23% | -12.23% | -16.00% |
Max Drawdown (1Y)Largest decline over 1 year | -5.70% | -6.17% | +0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -12.29% | — | — |
Current DrawdownCurrent decline from peak | -4.66% | -8.33% | +3.67% |
Average DrawdownAverage peak-to-trough decline | -4.48% | -3.47% | -1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 2.68% | -1.00% |
Volatility
FAHY.DE vs. UDHY.DE - Volatility Comparison
Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.DE) and iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (UDHY.DE) have volatilities of 1.86% and 1.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAHY.DE | UDHY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.86% | 1.84% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 4.26% | 5.08% | -0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.64% | 9.00% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.42% | 7.46% | +0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.72% | 7.46% | +2.26% |