FAHY.L vs. BMY

Last updated Jun 5, 2026

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 BMY (Bristol-Myers Squibb Company) is a stock. Over the past 5 years, FAHY.L returned 3.70%/yr vs 2.73%/yr for BMY. At a 0.28 correlation, their price movements are largely independent.

Performance

FAHY.L vs. BMY - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.L) and Bristol-Myers Squibb Company (BMY). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FAHY.L is traded in GBp, while BMY is traded in USD. To make them comparable, the BMY values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, FAHY.L achieves a 0.89% return, which is significantly lower than BMY's 9.63% 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*: —

BMY

• 1D: 1.82%
• 1M: 3.12%
• YTD: 9.63%
• 6M: 12.19%
• 1Y: 27.89%
• 3Y*: -2.19%
• 5Y*: 2.73%
• 10Y*: 1.79%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FAHY.L vs. BMY - 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%
BMY Bristol-Myers Squibb Company	9.63%	-7.02%	17.83%	-29.84%	33.13%	3.85%	-2.54%	22.88%	-7.73%	-1.61%

Correlation

The correlation between FAHY.L and BMY is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (All Time) Calculated using the full available price history since Sep 6, 2016	0.28

The correlation between FAHY.L and BMY shifts across timeframes, from 0.12 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FAHY.L vs. BMY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FAHY.L

FAHY.L Risk / Return Rank: 44
FAHY.L Sharpe Ratio Rank: 45
FAHY.L Sortino Ratio Rank: 47
FAHY.L Omega Ratio Rank: 42
FAHY.L Calmar Ratio Rank: 46
FAHY.L Martin Ratio Rank: 39

BMY

BMY Risk / Return Rank: 69
BMY Sharpe Ratio Rank: 71
BMY Sortino Ratio Rank: 67
BMY Omega Ratio Rank: 63
BMY Calmar Ratio Rank: 73
BMY Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FAHY.L vs. BMY - 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 Bristol-Myers Squibb Company (BMY). 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	BMY	Difference
Sharpe ratio: Return per unit of total volatility	1.54	1.06	+0.48
Sortino ratio: Return per unit of downside risk	2.30	1.69	+0.60
Omega ratio: Gain probability vs. loss probability	1.27	1.20	+0.07
Calmar ratio: Return relative to maximum drawdown	2.23	2.27	-0.04
Martin ratio: Return relative to average drawdown	5.82	4.84	+0.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FAHY.L vs. BMY - Sharpe Ratio Comparison

The current FAHY.L Sharpe Ratio is 1.54, which is higher than the BMY Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of FAHY.L and BMY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FAHY.L	BMY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	1.06	+0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.11	+0.34
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	0.37	+0.07

Drawdowns

FAHY.L vs. BMY - Drawdown Comparison

The maximum FAHY.L drawdown since its inception was -23.91%, smaller than the maximum BMY drawdown of -52.64%. Use the drawdown chart below to compare losses from any high point for FAHY.L and BMY.

Drawdown Indicators

	FAHY.L	BMY	Difference
Max Drawdown Largest peak-to-trough decline	-23.91%	-52.64%	+28.73%
Max Drawdown (1Y) Largest decline over 1 year	-3.99%	-12.35%	+8.36%
Max Drawdown (3Y) Largest decline over 3 years	-9.89%	-37.43%	+27.54%
Max Drawdown (5Y) Largest decline over 5 years	-11.66%	-52.64%	+40.98%
Max Drawdown (10Y) Largest decline over 10 years	—	-52.64%	—
Current Drawdown Current decline from peak	-0.91%	-28.73%	+27.82%
Average Drawdown Average peak-to-trough decline	-4.15%	-15.97%	+11.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.53%	5.78%	-4.25%

Volatility

FAHY.L vs. BMY - Volatility Comparison

The current volatility for Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.L) is 1.51%, while Bristol-Myers Squibb Company (BMY) has a volatility of 7.62%. This indicates that FAHY.L experiences smaller price fluctuations and is considered to be less risky than BMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAHY.L	BMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.51%	7.62%	-6.11%
Volatility (6M) Calculated over the trailing 6-month period	4.22%	18.41%	-14.19%
Volatility (1Y) Calculated over the trailing 1-year period	5.78%	26.37%	-20.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.27%	24.80%	-16.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.96%	26.00%	-16.04%

Dividends

FAHY.L vs. BMY - Dividend Comparison

FAHY.L's dividend yield for the trailing twelve months is around 6.55%, more than BMY's 4.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BMY Bristol-Myers Squibb Company	4.37%	4.60%	4.24%	4.44%	3.00%	2.36%	3.69%	2.55%	3.08%	2.55%	1.95%	2.17%
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

Can I hold both FAHY.L and BMY in my portfolio?

FAHY.L and BMY have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.