GBHY.L vs. HYFC.L
Compare and contrast key facts about Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF Dist (GBHY.L) and Invesco US High Yield Fallen Angels UCITS ETF Acc (HYFC.L).
GBHY.L and HYFC.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GBHY.L is a passively managed fund by Invesco that tracks the performance of the Bloomberg MSCI Global High Yield Liquid Corporate Climate Transition ESG Bond Index. It was launched on Apr 12, 2023. HYFC.L is a passively managed fund by Invesco that tracks the performance of the FTSE Time-Weighted US Fallen Angel Bond Select Index. It was launched on Jul 27, 2022. Both GBHY.L and HYFC.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
GBHY.L vs. HYFC.L - Performance Comparison
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GBHY.L vs. HYFC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GBHY.L Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF Dist | -0.79% | 10.42% | 5.93% | 7.76% |
HYFC.L Invesco US High Yield Fallen Angels UCITS ETF Acc | -1.65% | 9.62% | 5.17% | 6.16% |
Returns By Period
In the year-to-date period, GBHY.L achieves a -0.79% return, which is significantly higher than HYFC.L's -1.65% return.
GBHY.L
- 1D
- 1.11%
- 1M
- -0.84%
- YTD
- -0.79%
- 6M
- 0.53%
- 1Y
- 7.48%
- 3Y*
- 7.93%
- 5Y*
- —
- 10Y*
- —
HYFC.L
- 1D
- 1.20%
- 1M
- -1.81%
- YTD
- -1.65%
- 6M
- -0.60%
- 1Y
- 5.63%
- 3Y*
- 7.05%
- 5Y*
- —
- 10Y*
- —
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GBHY.L vs. HYFC.L - Expense Ratio Comparison
GBHY.L has a 0.25% expense ratio, which is lower than HYFC.L's 0.45% expense ratio.
Return for Risk
GBHY.L vs. HYFC.L — Risk / Return Rank
GBHY.L
HYFC.L
GBHY.L vs. HYFC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF Dist (GBHY.L) and Invesco US High Yield Fallen Angels UCITS ETF Acc (HYFC.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.
| GBHY.L | HYFC.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 0.89 | +0.59 |
Sortino ratioReturn per unit of downside risk | 2.18 | 1.24 | +0.94 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.19 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.18 | 0.93 | +1.25 |
Martin ratioReturn relative to average drawdown | 8.83 | 3.62 | +5.21 |
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
| GBHY.L | HYFC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 0.89 | +0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.28 | 0.77 | +0.50 |
Correlation
The correlation between GBHY.L and HYFC.L is 0.71, 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
GBHY.L vs. HYFC.L - Dividend Comparison
GBHY.L's dividend yield for the trailing twelve months is around 6.65%, while HYFC.L has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GBHY.L Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF Dist | 6.65% | 6.49% | 6.89% | 5.78% |
HYFC.L Invesco US High Yield Fallen Angels UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GBHY.L vs. HYFC.L - Drawdown Comparison
The maximum GBHY.L drawdown since its inception was -5.09%, smaller than the maximum HYFC.L drawdown of -8.42%. Use the drawdown chart below to compare losses from any high point for GBHY.L and HYFC.L.
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Drawdown Indicators
| GBHY.L | HYFC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.09% | -8.42% | +3.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -5.95% | +2.64% |
Current DrawdownCurrent decline from peak | -1.81% | -4.28% | +2.47% |
Average DrawdownAverage peak-to-trough decline | -0.95% | -1.64% | +0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 1.53% | -0.71% |
Volatility
GBHY.L vs. HYFC.L - Volatility Comparison
Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF Dist (GBHY.L) and Invesco US High Yield Fallen Angels UCITS ETF Acc (HYFC.L) have volatilities of 2.18% and 2.23%, 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.
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Volatility by Period
| GBHY.L | HYFC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.18% | 2.23% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.12% | 4.52% | -1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.05% | 6.30% | -1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.64% | 6.92% | -1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.64% | 6.92% | -1.28% |