IFLN vs. FSYD
IFLN (Invesco Bloomberg Enhanced Fallen Angels ETF) and FSYD (Fidelity Sustainable High Yield ETF) are both High Yield Bonds funds. IFLN is passively managed, while FSYD is actively managed. Over the past 3 years, IFLN returned 7.16%/yr vs 8.78%/yr for FSYD. Their correlation of 0.91 means they have usually moved in the same direction. IFLN charges 0.23%/yr vs 0.55%/yr for FSYD.
Performance
IFLN vs. FSYD - Performance Comparison
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Returns By Period
In the year-to-date period, IFLN achieves a 0.82% return, which is significantly lower than FSYD's 3.03% return.
IFLN
- 1D
- -0.14%
- 1M
- -0.79%
- 6M
- 0.18%
- YTD
- 0.82%
- 1Y
- 4.55%
- 3Y*
- 7.16%
- 5Y*
- 3.42%
- 10Y*
- 4.38%
- ALL TIME*
- 3.64%
FSYD
- 1D
- -0.09%
- 1M
- -0.51%
- 6M
- 1.89%
- YTD
- 3.03%
- 1Y
- 7.82%
- 3Y*
- 8.78%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.21M | $1.12M | $1.32M | |
| $390.04K | $433.09K | $1.95M |
IFLN vs. FSYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IFLN Invesco Bloomberg Enhanced Fallen Angels ETF | 0.82% | 8.75% | 5.54% | 11.19% | -4.99% |
FSYD Fidelity Sustainable High Yield ETF | 3.03% | 9.09% | 8.74% | 12.22% | -6.63% |
Correlation
The correlation between IFLN and FSYD is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2022 | 0.91 |
The correlation between IFLN and FSYD shifts across timeframes, from 0.79 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IFLN vs. FSYD — Risk / Return Rank
IFLN
FSYD
IFLN vs. FSYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Enhanced Fallen Angels ETF (IFLN) and Fidelity Sustainable High Yield ETF (FSYD). 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.
| IFLN | FSYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.36 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 2.86 | -1.70 |
| Martin ratioReturn relative to average drawdown | 4.71 | 11.21 | -6.50 |
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Drawdowns
IFLN vs. FSYD - Drawdown Comparison
The maximum IFLN drawdown since its inception was -44.79%, which is greater than FSYD's maximum drawdown of -12.11%. Use the drawdown chart below to compare losses from any high point for IFLN and FSYD.
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Drawdown Indicators
| IFLN | FSYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.79% | -12.11% | -32.68% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -2.67% | -1.41% |
Max Drawdown (3Y)Largest decline over 3 years | -4.08% | -5.49% | +1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -13.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -21.52% | — | — |
Current DrawdownCurrent decline from peak | -0.80% | -0.74% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -4.29% | -2.33% | -1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 0.68% | +0.33% |
Volatility
IFLN vs. FSYD - Volatility Comparison
Invesco Bloomberg Enhanced Fallen Angels ETF (IFLN) and Fidelity Sustainable High Yield ETF (FSYD) have volatilities of 0.78% and 0.78%, 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
| IFLN | FSYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 0.78% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 3.31% | 3.22% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.96% | 4.09% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.38% | 7.73% | -1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.86% | 7.73% | -0.87% |
IFLN vs. FSYD - Expense Ratio Comparison
IFLN has a 0.23% expense ratio, which is lower than FSYD's 0.55% expense ratio.
Dividends
IFLN vs. FSYD - Dividend Comparison
IFLN's dividend yield for the trailing twelve months is around 5.94%, less than FSYD's 6.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSYD Fidelity Sustainable High Yield ETF | 6.40% | 6.49% | 6.47% | 6.70% | 5.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IFLN Invesco Bloomberg Enhanced Fallen Angels ETF | 5.94% | 5.48% | 5.69% | 4.68% | 3.52% | 3.37% | 3.90% | 4.03% | 4.44% | 4.14% | 4.58% | 4.69% |
Frequently Asked Questions
IFLN and FSYD have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSYD has higher volatility (0.78%) compared to IFLN (0.78%). In terms of maximum drawdown, IFLN dropped -44.79% vs FSYD's -12.11%.
On 3-year performance, FSYD leads with 8.78% vs 7.16% for IFLN. On fees, IFLN is cheaper at 0.23% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FSYD has performed better with a 8.78% return vs 7.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IFLN is cheaper with a 0.23% expense ratio, compared with 0.55% for FSYD.
FSYD has the higher dividend yield at 6.40%, compared with 5.94% for IFLN.
They also come from different issuers: Invesco and Fidelity. Their fees differ too: 0.23% for IFLN and 0.55% for FSYD.
FSYD currently has the higher Sharpe Ratio (1.87 vs 1.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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