FVUI.DE vs. XAT1.DE
FVUI.DE (Franklin USD Investment Grade Corporate Bond UCITS ETF) and XAT1.DE (Invesco AT1 Capital Bond ETF EUR Hedged Dist) are both Corporate Bonds funds - FVUI.DE tracks the Franklin USD Investment Grade Corporate Bond while XAT1.DE tracks the Markit iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8% Issuer Cap) TR Index - USD. Both are passively managed. Over the past 5 years, FVUI.DE returned 0.97%/yr vs 0.67%/yr for XAT1.DE. At a 0.05 correlation, their price movements are largely independent. FVUI.DE charges 0.35%/yr vs 0.39%/yr for XAT1.DE.
Performance
FVUI.DE vs. XAT1.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FVUI.DE achieves a 1.32% return, which is significantly higher than XAT1.DE's 0.23% return.
FVUI.DE
- 1D
- 0.08%
- 1M
- 1.16%
- YTD
- 1.32%
- 6M
- 0.52%
- 1Y
- 3.14%
- 3Y*
- 1.75%
- 5Y*
- 0.97%
- 10Y*
- —
XAT1.DE
- 1D
- -0.09%
- 1M
- -1.42%
- YTD
- 0.23%
- 6M
- 0.99%
- 1Y
- 5.49%
- 3Y*
- 8.79%
- 5Y*
- 0.67%
- 10Y*
- —
FVUI.DE vs. XAT1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FVUI.DE Franklin USD Investment Grade Corporate Bond UCITS ETF | 1.32% | -4.78% | 7.37% | 2.60% | -8.69% | 4.81% | -0.94% | 16.34% | 0.00% |
XAT1.DE Invesco AT1 Capital Bond ETF EUR Hedged Dist | 0.23% | 8.61% | 8.34% | -0.02% | -12.08% | 2.58% | 5.80% | 15.11% | 0.89% |
Correlation
The correlation between FVUI.DE and XAT1.DE 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 | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2018 | 0.05 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FVUI.DE vs. XAT1.DE — Risk / Return Rank
FVUI.DE
XAT1.DE
FVUI.DE vs. XAT1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin USD Investment Grade Corporate Bond UCITS ETF (FVUI.DE) and Invesco AT1 Capital Bond ETF EUR Hedged Dist (XAT1.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.
| FVUI.DE | XAT1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.24 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 1.55 | -0.77 |
| Martin ratioReturn relative to average drawdown | 1.84 | 6.31 | -4.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FVUI.DE | XAT1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 1.15 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.08 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.31 | -0.03 |
Drawdowns
FVUI.DE vs. XAT1.DE - Drawdown Comparison
The maximum FVUI.DE drawdown since its inception was -16.78%, smaller than the maximum XAT1.DE drawdown of -28.95%. Use the drawdown chart below to compare losses from any high point for FVUI.DE and XAT1.DE.
Loading charts...
Drawdown Indicators
| FVUI.DE | XAT1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.78% | -28.95% | +12.17% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -3.63% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -11.53% | -4.67% | -6.86% |
Max Drawdown (5Y)Largest decline over 5 years | -13.77% | -27.74% | +13.97% |
Current DrawdownCurrent decline from peak | -6.12% | -1.42% | -4.70% |
Average DrawdownAverage peak-to-trough decline | -6.88% | -6.38% | -0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 0.89% | +0.62% |
Volatility
FVUI.DE vs. XAT1.DE - Volatility Comparison
The current volatility for Franklin USD Investment Grade Corporate Bond UCITS ETF (FVUI.DE) is 1.38%, while Invesco AT1 Capital Bond ETF EUR Hedged Dist (XAT1.DE) has a volatility of 1.69%. This indicates that FVUI.DE experiences smaller price fluctuations and is considered to be less risky than XAT1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FVUI.DE | XAT1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 1.69% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 4.44% | 4.41% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.12% | 4.91% | +1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.35% | 8.18% | +1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.95% | 10.25% | +2.70% |
FVUI.DE vs. XAT1.DE - Expense Ratio Comparison
FVUI.DE has a 0.35% expense ratio, which is lower than XAT1.DE's 0.39% expense ratio.
Dividends
FVUI.DE vs. XAT1.DE - Dividend Comparison
FVUI.DE's dividend yield for the trailing twelve months is around 3.48%, less than XAT1.DE's 5.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FVUI.DE Franklin USD Investment Grade Corporate Bond UCITS ETF | 3.48% | 3.53% | 3.94% | 3.22% | 2.63% | 1.81% | 2.06% | 2.99% | 1.40% |
XAT1.DE Invesco AT1 Capital Bond ETF EUR Hedged Dist | 5.94% | 5.95% | 6.40% | 6.17% | 6.02% | 4.42% | 5.23% | 5.59% | 2.63% |
Frequently Asked Questions
FVUI.DE and XAT1.DE 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.
On fees, FVUI.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FVUI.DE is cheaper with a 0.35% expense ratio, compared with 0.39% for XAT1.DE.
FVUI.DE tracks Franklin USD Investment Grade Corporate Bond, while XAT1.DE tracks Markit iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8% Issuer Cap) TR Index - USD. They also come from different issuers: Franklin Templeton and Invesco. Their fees differ too: 0.35% for FVUI.DE and 0.39% for XAT1.DE.
Find the right allocation for FVUI.DE and XAT1.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer