FAHY.DE vs. UEEF.DE
FAHY.DE (Invesco US High Yield Fallen Angels UCITS ETF Dist) and UEEF.DE (iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc)) are both High Yield Bonds funds - FAHY.DE tracks the Bloomberg US Corporate High Yield TR USD while UEEF.DE tracks the Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (EUR Hedged). Both are passively managed. Over the past 5 years, FAHY.DE returned 3.02%/yr vs 1.44%/yr for UEEF.DE. At a 0.29 correlation, their price movements are largely independent. FAHY.DE charges 0.45%/yr vs 0.27%/yr for UEEF.DE.
Performance
FAHY.DE vs. UEEF.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 higher than UEEF.DE's 0.70% 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*
- —
UEEF.DE
- 1D
- 0.17%
- 1M
- 0.00%
- 6M
- 0.70%
- YTD
- 0.70%
- 1Y
- 3.95%
- 3Y*
- 6.16%
- 5Y*
- 1.44%
- 10Y*
- —
FAHY.DE vs. UEEF.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% | 6.02% |
UEEF.DE iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) | 0.70% | 6.88% | 5.91% | 9.72% | -14.58% | 3.04% | 5.20% |
Correlation
The correlation between FAHY.DE and UEEF.DE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2020 | 0.29 |
The correlation between FAHY.DE and UEEF.DE shifts across timeframes, from 0.13 (1 year) to 0.29 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FAHY.DE vs. UEEF.DE — Risk / Return Rank
FAHY.DE
UEEF.DE
FAHY.DE vs. UEEF.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 $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) (UEEF.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 | UEEF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.17 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 1.42 | +0.98 |
| Martin ratioReturn relative to average drawdown | 6.05 | 6.02 | +0.03 |
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Drawdowns
FAHY.DE vs. UEEF.DE - Drawdown Comparison
The maximum FAHY.DE drawdown since its inception was -28.24%, which is greater than UEEF.DE's maximum drawdown of -17.83%. Use the drawdown chart below to compare losses from any high point for FAHY.DE and UEEF.DE.
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Drawdown Indicators
| FAHY.DE | UEEF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.24% | -17.83% | -10.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -2.77% | -0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -12.30% | -5.10% | -7.20% |
Max Drawdown (5Y)Largest decline over 5 years | -12.30% | -17.83% | +5.53% |
Current DrawdownCurrent decline from peak | -0.72% | -0.17% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -4.87% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.31% | 0.65% | +0.66% |
Volatility
FAHY.DE vs. UEEF.DE - Volatility Comparison
Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.DE) has a higher volatility of 2.51% compared to iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (Acc) (UEEF.DE) at 0.99%. This indicates that FAHY.DE's price experiences larger fluctuations and is considered to be riskier than UEEF.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 | UEEF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.51% | 0.99% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 4.83% | 3.83% | +1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.67% | 4.55% | +2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.46% | 7.11% | +1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.81% | 6.77% | +7.04% |
FAHY.DE vs. UEEF.DE - Expense Ratio Comparison
FAHY.DE has a 0.45% expense ratio, which is higher than UEEF.DE's 0.27% expense ratio.
Dividends
FAHY.DE vs. UEEF.DE - Dividend Comparison
FAHY.DE's dividend yield for the trailing twelve months is around 6.45%, while UEEF.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% |
UEEF.DE iShares $ High Yield Corp Bond ESG SRI UCITS ETF EUR Hedged (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 UEEF.DE have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEEF.DE is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEEF.DE is cheaper with a 0.27% expense ratio, compared with 0.45% for FAHY.DE.
FAHY.DE tracks Bloomberg US Corporate High Yield TR USD, while UEEF.DE tracks Bloomberg MSCI US Corporate High Yield ESG SRI Bond Index (EUR Hedged). They also come from different issuers: Invesco and iShares. Their fees differ too: 0.45% for FAHY.DE and 0.27% for UEEF.DE.
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