FAHY.DE vs. XUHY.DE
FAHY.DE (Invesco US High Yield Fallen Angels UCITS ETF Dist) and XUHY.DE (Xtrackers USD High Yield Corporate Bond UCITS ETF 1D) are both High Yield Bonds funds tracking the Bloomberg US Corporate High Yield TR USD, from Invesco and Xtrackers respectively. Both are passively managed. Over the past 5 years, FAHY.DE returned 3.51%/yr vs 4.92%/yr for XUHY.DE. A 0.77 correlation means they provide meaningful diversification when combined. FAHY.DE charges 0.45%/yr vs 0.20%/yr for XUHY.DE.
Performance
FAHY.DE vs. XUHY.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 XUHY.DE's 2.88% 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*
- —
XUHY.DE
- 1D
- 0.08%
- 1M
- 1.22%
- YTD
- 2.88%
- 6M
- 2.54%
- 1Y
- 6.21%
- 3Y*
- 5.97%
- 5Y*
- 4.92%
- 10Y*
- —
FAHY.DE vs. XUHY.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% | 2.74% |
XUHY.DE Xtrackers USD High Yield Corporate Bond UCITS ETF 1D | 2.88% | -2.73% | 12.71% | 9.45% | -6.31% | 12.25% | -3.27% | 18.69% | 6.72% |
Correlation
The correlation between FAHY.DE and XUHY.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2018 | 0.77 |
The correlation between FAHY.DE and XUHY.DE has been stable across timeframes, ranging from 0.73 to 0.82 - a consistent structural relationship.
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Return for Risk
FAHY.DE vs. XUHY.DE — Risk / Return Rank
FAHY.DE
XUHY.DE
FAHY.DE vs. XUHY.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 Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.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 | XUHY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.18 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.97 | -0.21 |
| Martin ratioReturn relative to average drawdown | 4.39 | 5.40 | -1.01 |
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 | XUHY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 0.97 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.57 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.55 | -0.18 |
Drawdowns
FAHY.DE vs. XUHY.DE - Drawdown Comparison
The maximum FAHY.DE drawdown since its inception was -28.23%, which is greater than XUHY.DE's maximum drawdown of -22.05%. Use the drawdown chart below to compare losses from any high point for FAHY.DE and XUHY.DE.
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Drawdown Indicators
| FAHY.DE | XUHY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.23% | -22.05% | -6.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.28% | -3.03% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -12.29% | -12.03% | -0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -12.29% | -12.03% | -0.26% |
Current DrawdownCurrent decline from peak | -3.38% | -3.13% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -4.48% | -3.86% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 1.11% | +0.21% |
Volatility
FAHY.DE vs. XUHY.DE - Volatility Comparison
Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.DE) has a higher volatility of 1.87% compared to Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.DE) at 1.13%. This indicates that FAHY.DE's price experiences larger fluctuations and is considered to be riskier than XUHY.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 | XUHY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.87% | 1.13% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 4.40% | 4.08% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.29% | 6.13% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 8.51% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.67% | 11.39% | -1.72% |
FAHY.DE vs. XUHY.DE - Expense Ratio Comparison
FAHY.DE has a 0.45% expense ratio, which is higher than XUHY.DE's 0.20% expense ratio.
Dividends
FAHY.DE vs. XUHY.DE - Dividend Comparison
FAHY.DE's dividend yield for the trailing twelve months is around 6.57%, which matches XUHY.DE's 6.62% 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% |
XUHY.DE Xtrackers USD High Yield Corporate Bond UCITS ETF 1D | 6.62% | 6.60% | 7.39% | 6.02% | 6.14% | 9.11% | 5.94% | 4.81% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FAHY.DE and XUHY.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUHY.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUHY.DE is cheaper with a 0.20% expense ratio, compared with 0.45% for FAHY.DE.
Both ETFs track Bloomberg US Corporate High Yield TR USD. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.45% for FAHY.DE and 0.20% for XUHY.DE.
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