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