IBC9.DE vs. FAEU.DE
IBC9.DE (iShares Global High Yield Corporate Bond UCITS ETF) and FAEU.DE (Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg)) are both High Yield Bonds funds - IBC9.DE tracks the iBoxx® Global Developed Markets Liquid High Yield Capped while FAEU.DE tracks the FTSE Time-Weighted US Fallen Angel Bond Select Index. Both are passively managed. Over the past 5 years, IBC9.DE returned 3.79%/yr vs 0.06%/yr for FAEU.DE. At a 0.47 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.
Performance
IBC9.DE vs. FAEU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC9.DE achieves a 3.59% return, which is significantly higher than FAEU.DE's 0.40% return.
IBC9.DE
- 1D
- 0.28%
- 1M
- 1.22%
- 6M
- 2.54%
- YTD
- 3.59%
- 1Y
- 5.94%
- 3Y*
- 7.03%
- 5Y*
- 3.79%
- 10Y*
- 4.00%
FAEU.DE
- 1D
- 0.14%
- 1M
- 0.18%
- 6M
- -0.29%
- YTD
- 0.40%
- 1Y
- 3.87%
- 3Y*
- 5.02%
- 5Y*
- 0.06%
- 10Y*
- —
IBC9.DE vs. FAEU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBC9.DE iShares Global High Yield Corporate Bond UCITS ETF | 3.59% | 1.08% | 9.31% | 9.25% | -6.54% | 8.55% | -2.14% | 14.98% | 0.23% | -1.26% |
FAEU.DE Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg) | 0.40% | 7.55% | 2.62% | 7.66% | -16.29% | 4.49% | 6.43% | 10.22% | -0.87% | 0.12% |
Correlation
The correlation between IBC9.DE and FAEU.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2017 | 0.47 |
The correlation between IBC9.DE and FAEU.DE shifts across timeframes, from 0.28 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBC9.DE vs. FAEU.DE — Risk / Return Rank
IBC9.DE
FAEU.DE
IBC9.DE vs. FAEU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corporate Bond UCITS ETF (IBC9.DE) and Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg) (FAEU.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBC9.DE | FAEU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.15 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 0.72 | +1.95 |
| Martin ratioReturn relative to average drawdown | 8.68 | 2.32 | +6.36 |
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Drawdowns
IBC9.DE vs. FAEU.DE - Drawdown Comparison
The maximum IBC9.DE drawdown since its inception was -27.22%, smaller than the maximum FAEU.DE drawdown of -29.94%. Use the drawdown chart below to compare losses from any high point for IBC9.DE and FAEU.DE.
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Drawdown Indicators
| IBC9.DE | FAEU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.22% | -29.94% | +2.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.22% | -5.38% | +3.16% |
Max Drawdown (3Y)Largest decline over 3 years | -6.79% | -5.63% | -1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -10.00% | -19.80% | +9.80% |
Max Drawdown (10Y)Largest decline over 10 years | -22.34% | — | — |
Current DrawdownCurrent decline from peak | -0.26% | -1.31% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -7.55% | -6.38% | -1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 1.67% | -0.99% |
Volatility
IBC9.DE vs. FAEU.DE - Volatility Comparison
iShares Global High Yield Corporate Bond UCITS ETF (IBC9.DE) has a higher volatility of 1.07% compared to Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg) (FAEU.DE) at 0.94%. This indicates that IBC9.DE's price experiences larger fluctuations and is considered to be riskier than FAEU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBC9.DE | FAEU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 0.94% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 4.27% | -1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 5.25% | -1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.68% | 7.44% | -1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.84% | 10.53% | -2.69% |
IBC9.DE vs. FAEU.DE - Expense Ratio Comparison
Both IBC9.DE and FAEU.DE have an expense ratio of 0.50%.
Dividends
IBC9.DE vs. FAEU.DE - Dividend Comparison
IBC9.DE's dividend yield for the trailing twelve months is around 6.99%, while FAEU.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAEU.DE Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.05% | 0.00% | 8.14% | 0.00% | 0.00% | 0.00% |
IBC9.DE iShares Global High Yield Corporate Bond UCITS ETF | 6.99% | 5.55% | 5.32% | 4.88% | 4.06% | 3.76% | 4.80% | 4.78% | 4.77% | 5.03% | 4.78% | 5.18% |
Frequently Asked Questions
IBC9.DE and FAEU.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IBC9.DE and FAEU.DE have the same expense ratio: 0.50% per year.
IBC9.DE tracks iBoxx® Global Developed Markets Liquid High Yield Capped, while FAEU.DE tracks FTSE Time-Weighted US Fallen Angel Bond Select Index. They also come from different issuers: iShares and Invesco.
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