FAHY.L vs. BIPS.L
FAHY.L (Invesco US High Yield Fallen Angels UCITS ETF Dist) is High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD, while BIPS.L (Invesco Bond Income Plus Limited) is a stock. Over the past 5 years, FAHY.L returned 3.70%/yr vs 5.57%/yr for BIPS.L. At a 0.07 correlation, their price movements are largely independent.
Performance
FAHY.L vs. BIPS.L - Performance Comparison
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Returns By Period
In the year-to-date period, FAHY.L achieves a 0.89% return, which is significantly lower than BIPS.L's 2.10% return.
FAHY.L
- 1D
- 0.30%
- 1M
- 1.23%
- YTD
- 0.89%
- 6M
- -0.21%
- 1Y
- 8.81%
- 3Y*
- 5.13%
- 5Y*
- 3.70%
- 10Y*
- —
BIPS.L
- 1D
- -0.14%
- 1M
- 0.58%
- YTD
- 2.10%
- 6M
- 2.10%
- 1Y
- 7.63%
- 3Y*
- 9.40%
- 5Y*
- 5.57%
- 10Y*
- 43.24%
FAHY.L vs. BIPS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAHY.L Invesco US High Yield Fallen Angels UCITS ETF Dist | 0.89% | 2.08% | 6.93% | 4.14% | -3.51% | 6.81% | 5.36% | 9.22% | 0.08% | -0.79% |
BIPS.L Invesco Bond Income Plus Limited | 2.10% | 8.04% | 8.84% | 10.52% | -5.13% | 4.18% | 1.80% | 2,367.89% | -7.60% | 9.93% |
Correlation
The correlation between FAHY.L and BIPS.L is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2016 | 0.07 |
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Return for Risk
FAHY.L vs. BIPS.L — Risk / Return Rank
FAHY.L
BIPS.L
FAHY.L vs. BIPS.L - 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.L) and Invesco Bond Income Plus Limited (BIPS.L). 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.L | BIPS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.32 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 2.81 | -0.58 |
| Martin ratioReturn relative to average drawdown | 5.82 | 10.33 | -4.50 |
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.L | BIPS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | 1.51 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.31 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.12 | +0.32 |
Drawdowns
FAHY.L vs. BIPS.L - Drawdown Comparison
The maximum FAHY.L drawdown since its inception was -23.91%, smaller than the maximum BIPS.L drawdown of -93.59%. Use the drawdown chart below to compare losses from any high point for FAHY.L and BIPS.L.
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Drawdown Indicators
| FAHY.L | BIPS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.91% | -93.59% | +69.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.99% | -2.70% | -1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -9.89% | -4.72% | -5.17% |
Max Drawdown (5Y)Largest decline over 5 years | -11.66% | -23.39% | +11.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.38% | — |
Current DrawdownCurrent decline from peak | -0.91% | -0.29% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -4.15% | -5.54% | +1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 0.74% | +0.79% |
Volatility
FAHY.L vs. BIPS.L - Volatility Comparison
Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.L) has a higher volatility of 1.51% compared to Invesco Bond Income Plus Limited (BIPS.L) at 1.19%. This indicates that FAHY.L's price experiences larger fluctuations and is considered to be riskier than BIPS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAHY.L | BIPS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.19% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 3.87% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.78% | 5.04% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.27% | 17.68% | -9.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.96% | 627.79% | -617.83% |
Dividends
FAHY.L vs. BIPS.L - Dividend Comparison
FAHY.L's dividend yield for the trailing twelve months is around 6.55%, less than BIPS.L's 7.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIPS.L Invesco Bond Income Plus Limited | 7.10% | 7.00% | 6.61% | 6.73% | 6.70% | 5.61% | 5.27% | 98.33% | 5.71% | 5.01% | 5.24% | 5.53% |
FAHY.L Invesco US High Yield Fallen Angels UCITS ETF Dist | 6.55% | 6.61% | 6.89% | 6.85% | 5.66% | 4.54% | 6.26% | 6.22% | 6.01% | 5.63% | 1.23% | 0.00% |
Frequently Asked Questions
FAHY.L and BIPS.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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