IBC9.DE vs. FAHY.DE
IBC9.DE (iShares Global High Yield Corporate Bond UCITS ETF) and FAHY.DE (Invesco US High Yield Fallen Angels UCITS ETF Dist) are both High Yield Bonds funds - IBC9.DE tracks the iBoxx® Global Developed Markets Liquid High Yield Capped while FAHY.DE tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, IBC9.DE returned 3.91%/yr vs 3.51%/yr for FAHY.DE. A 0.80 correlation means they provide meaningful diversification when combined. IBC9.DE charges 0.50%/yr vs 0.45%/yr for FAHY.DE.
Performance
IBC9.DE vs. FAHY.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IBC9.DE having a 1.87% return and FAHY.DE slightly lower at 1.84%.
IBC9.DE
- 1D
- -0.13%
- 1M
- 0.64%
- YTD
- 1.87%
- 6M
- 1.54%
- 1Y
- 4.30%
- 3Y*
- 6.02%
- 5Y*
- 3.91%
- 10Y*
- 4.28%
FAHY.DE
- 1D
- -0.16%
- 1M
- 1.51%
- YTD
- 1.84%
- 6M
- 0.61%
- 1Y
- 5.71%
- 3Y*
- 4.93%
- 5Y*
- 3.51%
- 10Y*
- —
IBC9.DE vs. FAHY.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 | 1.87% | 1.08% | 9.31% | 9.25% | -6.54% | 8.54% | -2.13% | 14.97% | 0.24% | -3.66% |
FAHY.DE Invesco US High Yield Fallen Angels UCITS ETF Dist | 1.84% | -2.35% | 10.86% | 6.42% | -8.72% | 14.53% | -0.80% | 16.13% | -1.45% | -4.35% |
Correlation
The correlation between IBC9.DE and FAHY.DE is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2016 | 0.80 |
The correlation between IBC9.DE and FAHY.DE shifts across timeframes, from 0.61 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBC9.DE vs. FAHY.DE — Risk / Return Rank
IBC9.DE
FAHY.DE
IBC9.DE vs. FAHY.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 Dist (FAHY.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.
| IBC9.DE | FAHY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.17 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 1.76 | +0.12 |
| Martin ratioReturn relative to average drawdown | 6.58 | 4.39 | +2.19 |
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
| IBC9.DE | FAHY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 0.92 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.41 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.37 | +0.19 |
Drawdowns
IBC9.DE vs. FAHY.DE - Drawdown Comparison
The maximum IBC9.DE drawdown since its inception was -22.34%, smaller than the maximum FAHY.DE drawdown of -28.23%. Use the drawdown chart below to compare losses from any high point for IBC9.DE and FAHY.DE.
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Drawdown Indicators
| IBC9.DE | FAHY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -28.23% | +5.89% |
Max Drawdown (1Y)Largest decline over 1 year | -2.13% | -3.28% | +1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -6.78% | -12.29% | +5.51% |
Max Drawdown (5Y)Largest decline over 5 years | -10.01% | -12.29% | +2.28% |
Max Drawdown (10Y)Largest decline over 10 years | -22.34% | — | — |
Current DrawdownCurrent decline from peak | -0.13% | -3.38% | +3.25% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -4.48% | +1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 1.32% | -0.71% |
Volatility
IBC9.DE vs. FAHY.DE - Volatility Comparison
The current volatility for iShares Global High Yield Corporate Bond UCITS ETF (IBC9.DE) is 0.84%, while Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.DE) has a volatility of 1.87%. This indicates that IBC9.DE experiences smaller price fluctuations and is considered to be less risky than FAHY.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 | FAHY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 1.87% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 4.40% | -1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 6.29% | -2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.64% | 8.44% | -2.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.85% | 9.67% | -1.82% |
IBC9.DE vs. FAHY.DE - Expense Ratio Comparison
IBC9.DE has a 0.50% expense ratio, which is higher than FAHY.DE's 0.45% expense ratio.
Dividends
IBC9.DE vs. FAHY.DE - Dividend Comparison
IBC9.DE's dividend yield for the trailing twelve months is around 5.56%, less than FAHY.DE's 6.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAHY.DE Invesco US High Yield Fallen Angels UCITS ETF Dist | 6.57% | 6.75% | 6.86% | 6.89% | 5.82% | 4.47% | 6.24% | 6.07% | 6.09% | 5.71% | 1.23% | 0.00% |
IBC9.DE iShares Global High Yield Corporate Bond UCITS ETF | 5.56% | 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 FAHY.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FAHY.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FAHY.DE is cheaper with a 0.45% expense ratio, compared with 0.50% for IBC9.DE.
IBC9.DE tracks iBoxx® Global Developed Markets Liquid High Yield Capped, while FAHY.DE tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.50% for IBC9.DE and 0.45% for FAHY.DE.
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