FAHY.L vs. SSHY.L
Compare and contrast key facts about Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.L) and PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.L).
FAHY.L and SSHY.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. SSHY.L is a passively managed fund by PIMCO that tracks the performance of the Bloomberg US Corporate High Yield TR USD. It was launched on Mar 14, 2012. Both FAHY.L and SSHY.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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FAHY.L or SSHY.L.
Key characteristics
| FAHY.L | SSHY.L | |
|---|---|---|
| YTD Return | 6.07% | 1.49% |
| 1Y Return | 9.53% | 1.86% |
| 3Y Return (Ann) | 1.99% | 3.05% |
| 5Y Return (Ann) | 4.02% | 2.94% |
| Sharpe Ratio | 1.53 | 0.39 |
| Sortino Ratio | 2.50 | 0.62 |
| Omega Ratio | 1.28 | 1.07 |
| Calmar Ratio | 1.20 | 0.24 |
| Martin Ratio | 7.44 | 1.15 |
| Ulcer Index | 1.24% | 2.03% |
| Daily Std Dev | 5.98% | 6.01% |
| Max Drawdown | -23.91% | -15.94% |
| Current Drawdown | 0.00% | -4.78% |
Correlation
The correlation between FAHY.L and SSHY.L is 0.85, 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.
Performance
FAHY.L vs. SSHY.L - Performance Comparison
In the year-to-date period, FAHY.L achieves a 6.07% return, which is significantly higher than SSHY.L's 1.49% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FAHY.L vs. SSHY.L - Expense Ratio Comparison
FAHY.L has a 0.45% expense ratio, which is lower than SSHY.L's 0.55% expense ratio.
Risk-Adjusted Performance
FAHY.L vs. SSHY.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.L) and PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.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.
Dividends
FAHY.L vs. SSHY.L - Dividend Comparison
FAHY.L's dividend yield for the trailing twelve months is around 6.92%, while SSHY.L has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAHY.L Invesco US High Yield Fallen Angels UCITS ETF Dist | 6.92% | 6.85% | 5.66% | 4.54% | 6.26% | 6.22% | 6.01% | 5.63% | 1.23% | 0.00% | 0.00% | 0.00% |
SSHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist | 0.00% | 2.49% | 4.86% | 4.47% | 5.24% | 5.27% | 5.10% | 5.89% | 6.63% | 7.85% | 7.04% | 1.85% |
Drawdowns
FAHY.L vs. SSHY.L - Drawdown Comparison
The maximum FAHY.L drawdown since its inception was -23.91%, which is greater than SSHY.L's maximum drawdown of -15.94%. Use the drawdown chart below to compare losses from any high point for FAHY.L and SSHY.L. For additional features, visit the drawdowns tool.
Volatility
FAHY.L vs. SSHY.L - Volatility Comparison
Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.L) and PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.L) have volatilities of 1.46% and 1.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.