HYFA.L vs. DHYA.L
Compare and contrast key facts about Invesco US High Yield Fallen Angels UCITS ETF Dist (HYFA.L) and iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) (DHYA.L).
HYFA.L and DHYA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYFA.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. DHYA.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Corporate High Yield TR USD. It was launched on Nov 12, 2019. Both HYFA.L and DHYA.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
HYFA.L vs. DHYA.L - Performance Comparison
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HYFA.L vs. DHYA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HYFA.L Invesco US High Yield Fallen Angels UCITS ETF Dist | -1.96% | 9.60% | 5.20% | 10.21% | -13.83% | 5.51% | 8.98% | 3.73% |
DHYA.L iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) | -0.73% | 8.50% | 8.26% | 12.25% | -12.01% | 3.82% | 7.49% | 0.45% |
Returns By Period
In the year-to-date period, HYFA.L achieves a -1.96% return, which is significantly lower than DHYA.L's -0.73% return.
HYFA.L
- 1D
- 0.96%
- 1M
- -2.19%
- YTD
- -1.96%
- 6M
- -1.05%
- 1Y
- 5.35%
- 3Y*
- 6.92%
- 5Y*
- 2.41%
- 10Y*
- —
DHYA.L
- 1D
- 0.59%
- 1M
- -0.64%
- YTD
- -0.73%
- 6M
- 0.71%
- 1Y
- 6.65%
- 3Y*
- 8.15%
- 5Y*
- 3.56%
- 10Y*
- —
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HYFA.L vs. DHYA.L - Expense Ratio Comparison
HYFA.L has a 0.45% expense ratio, which is higher than DHYA.L's 0.25% expense ratio.
Return for Risk
HYFA.L vs. DHYA.L — Risk / Return Rank
HYFA.L
DHYA.L
HYFA.L vs. DHYA.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 (HYFA.L) and iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) (DHYA.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.
| HYFA.L | DHYA.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 1.23 | -0.41 |
Sortino ratioReturn per unit of downside risk | 1.19 | 1.76 | -0.57 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.27 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.98 | 2.06 | -1.08 |
Martin ratioReturn relative to average drawdown | 4.26 | 9.98 | -5.72 |
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
| HYFA.L | DHYA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 1.23 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.49 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.43 | +0.06 |
Correlation
The correlation between HYFA.L and DHYA.L is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HYFA.L vs. DHYA.L - Dividend Comparison
HYFA.L's dividend yield for the trailing twelve months is around 6.75%, while DHYA.L has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HYFA.L Invesco US High Yield Fallen Angels UCITS ETF Dist | 6.75% | 6.57% | 7.05% | 6.73% | 5.78% | 4.63% | 5.86% | 6.08% | 6.19% | 5.46% | 1.22% |
DHYA.L iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HYFA.L vs. DHYA.L - Drawdown Comparison
The maximum HYFA.L drawdown since its inception was -29.37%, which is greater than DHYA.L's maximum drawdown of -16.70%. Use the drawdown chart below to compare losses from any high point for HYFA.L and DHYA.L.
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Drawdown Indicators
| HYFA.L | DHYA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.37% | -16.70% | -12.67% |
Max Drawdown (1Y)Largest decline over 1 year | -5.33% | -4.33% | -1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -17.97% | -16.29% | -1.68% |
Current DrawdownCurrent decline from peak | -3.28% | -1.52% | -1.76% |
Average DrawdownAverage peak-to-trough decline | -4.03% | -3.79% | -0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 0.65% | +0.57% |
Volatility
HYFA.L vs. DHYA.L - Volatility Comparison
Invesco US High Yield Fallen Angels UCITS ETF Dist (HYFA.L) has a higher volatility of 3.29% compared to iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) (DHYA.L) at 2.00%. This indicates that HYFA.L's price experiences larger fluctuations and is considered to be riskier than DHYA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYFA.L | DHYA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 2.00% | +1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 2.92% | +1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.44% | 5.38% | +1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.35% | 7.24% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.55% | 10.30% | -1.75% |