FAHY.L vs. JGYH.L

Last updated Apr 3, 2026

Compare and contrast key facts about Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.L) and JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.L).

FAHY.L and JGYH.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FAHY.L 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. JGYH.L is a passively managed fund by JPMorgan that tracks the performance of the ICE BofA Gbl HY Constnd TR USD. It was launched on Feb 4, 2020. Both FAHY.L and JGYH.L 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.L vs. JGYH.L - 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 JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.L). The values are adjusted to include any dividend payments, if applicable.

FAHY.L vs. JGYH.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FAHY.L Invesco US High Yield Fallen Angels UCITS ETF Dist	-0.11%	2.08%	6.93%	4.14%	-3.51%	6.81%	3.86%
JGYH.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc)	0.92%	4.09%	7.92%	5.18%	0.63%	3.10%	-0.09%

Different Trading Currencies

FAHY.L is traded in GBp, while JGYH.L is traded in GBP. To make them comparable, the JGYH.L 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 -0.11% return, which is significantly lower than JGYH.L's 0.92% return.

FAHY.L

• 1D: 0.95%
• 1M: -1.18%
• YTD: -0.11%
• 6M: 0.36%
• 1Y: 3.31%
• 3Y*: 4.47%
• 5Y*: 3.34%
• 10Y*: —

JGYH.L

• 1D: 0.67%
• 1M: 0.01%
• YTD: 0.92%
• 6M: 2.69%
• 1Y: 6.54%
• 3Y*: 5.75%
• 5Y*: 4.62%
• 10Y*: —

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

FAHY.L vs. JGYH.L - Expense Ratio Comparison

FAHY.L has a 0.45% expense ratio, which is higher than JGYH.L's 0.35% expense ratio.

FAHY.L

Invesco US High Yield Fallen Angels UCITS ETF Dist

JGYH.L

JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc)

Return for Risk

FAHY.L vs. JGYH.L — 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: 29
FAHY.L Sharpe Ratio Rank: 24
FAHY.L Sortino Ratio Rank: 21
FAHY.L Omega Ratio Rank: 21
FAHY.L Calmar Ratio Rank: 46
FAHY.L Martin Ratio Rank: 33

JGYH.L

JGYH.L Risk / Return Rank: 66
JGYH.L Sharpe Ratio Rank: 59
JGYH.L Sortino Ratio Rank: 56
JGYH.L Omega Ratio Rank: 51
JGYH.L Calmar Ratio Rank: 89
JGYH.L Martin Ratio Rank: 73

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. JGYH.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 JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.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	JGYH.L	Difference
Sharpe ratio Return per unit of total volatility	0.46	1.10	-0.64
Sortino ratio Return per unit of downside risk	0.66	1.54	-0.88
Omega ratio Gain probability vs. loss probability	1.09	1.21	-0.12
Calmar ratio Return relative to maximum drawdown	1.44	3.56	-2.11
Martin ratio Return relative to average drawdown	3.66	9.16	-5.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FAHY.L vs. JGYH.L - Sharpe Ratio Comparison

The current FAHY.L Sharpe Ratio is 0.46, which is lower than the JGYH.L Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of FAHY.L and JGYH.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FAHY.L	JGYH.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.46	1.10	-0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.66	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.41	+0.02

Correlation

The correlation between FAHY.L and JGYH.L is 0.87, 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.L vs. JGYH.L - Dividend Comparison

FAHY.L's dividend yield for the trailing twelve months is around 6.61%, while JGYH.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FAHY.L Invesco US High Yield Fallen Angels UCITS ETF Dist	6.61%	6.61%	6.89%	6.85%	5.66%	4.54%	6.26%	6.22%	6.01%	5.63%	1.23%
JGYH.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FAHY.L vs. JGYH.L - Drawdown Comparison

The maximum FAHY.L drawdown since its inception was -23.91%, which is greater than JGYH.L's maximum drawdown of -12.24%. Use the drawdown chart below to compare losses from any high point for FAHY.L and JGYH.L.

Drawdown Indicators

	FAHY.L	JGYH.L	Difference
Max Drawdown Largest peak-to-trough decline	-23.91%	-12.24%	-11.67%
Max Drawdown (1Y) Largest decline over 1 year	-3.99%	-2.41%	-1.58%
Max Drawdown (5Y) Largest decline over 5 years	-11.66%	-7.75%	-3.91%
Current Drawdown Current decline from peak	-1.90%	-0.25%	-1.65%
Average Drawdown Average peak-to-trough decline	-4.19%	-2.57%	-1.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.58%	0.93%	+0.65%

Volatility

FAHY.L vs. JGYH.L - Volatility Comparison

Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.L) has a higher volatility of 2.16% compared to JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.L) at 1.95%. This indicates that FAHY.L's price experiences larger fluctuations and is considered to be riskier than JGYH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAHY.L	JGYH.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.16%	1.95%	+0.21%
Volatility (6M) Calculated over the trailing 6-month period	4.37%	3.82%	+0.55%
Volatility (1Y) Calculated over the trailing 1-year period	7.22%	5.95%	+1.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.32%	6.98%	+1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.03%	8.70%	+1.33%