IFLN vs. HYLB
IFLN (Invesco Bloomberg Enhanced Fallen Angels ETF) and HYLB (Xtrackers USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - IFLN tracks the Bloomberg US High Yield Enhanced Fallen Angels Index while HYLB tracks the Solactive USD High Yield Corporates Total Market Index. Both are passively managed. Over the past 5 years, IFLN returned 3.59%/yr vs 4.04%/yr for HYLB. Their correlation of 0.89 suggests significant overlap in exposure. IFLN charges 0.23%/yr vs 0.15%/yr for HYLB.
Performance
IFLN vs. HYLB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IFLN achieves a 0.57% return, which is significantly lower than HYLB's 1.53% return.
IFLN
- 1D
- -0.25%
- 1M
- 0.55%
- YTD
- 0.57%
- 6M
- 0.84%
- 1Y
- 5.87%
- 3Y*
- 7.32%
- 5Y*
- 3.59%
- 10Y*
- 4.60%
HYLB
- 1D
- -0.18%
- 1M
- 0.38%
- YTD
- 1.53%
- 6M
- 2.00%
- 1Y
- 6.87%
- 3Y*
- 8.72%
- 5Y*
- 4.04%
- 10Y*
- —
IFLN vs. HYLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IFLN Invesco Bloomberg Enhanced Fallen Angels ETF | 0.57% | 8.75% | 5.54% | 11.19% | -8.77% | 3.32% | 5.20% | 13.59% | -2.69% | 5.12% |
HYLB Xtrackers USD High Yield Corporate Bond ETF | 1.53% | 8.74% | 8.14% | 12.03% | -10.80% | 3.94% | 5.04% | 14.06% | -1.80% | 6.00% |
Correlation
The correlation between IFLN and HYLB is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2016 | 0.89 |
The correlation between IFLN and HYLB has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IFLN vs. HYLB — Risk / Return Rank
IFLN
HYLB
IFLN vs. HYLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Enhanced Fallen Angels ETF (IFLN) and Xtrackers USD High Yield Corporate Bond ETF (HYLB). 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.
| IFLN | HYLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 3.04 | -1.59 |
| Martin ratioReturn relative to average drawdown | 5.93 | 13.06 | -7.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IFLN | HYLB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 1.86 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.54 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.58 | -0.29 |
Drawdowns
IFLN vs. HYLB - Drawdown Comparison
The maximum IFLN drawdown since its inception was -44.79%, which is greater than HYLB's maximum drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for IFLN and HYLB.
Loading charts...
Drawdown Indicators
| IFLN | HYLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.79% | -22.91% | -21.88% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -2.27% | -1.81% |
Max Drawdown (3Y)Largest decline over 3 years | -4.08% | -4.51% | +0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -13.76% | -15.54% | +1.78% |
Max Drawdown (10Y)Largest decline over 10 years | -21.52% | — | — |
Current DrawdownCurrent decline from peak | -0.49% | -0.19% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -2.43% | -1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.53% | +0.46% |
Volatility
IFLN vs. HYLB - Volatility Comparison
Invesco Bloomberg Enhanced Fallen Angels ETF (IFLN) and Xtrackers USD High Yield Corporate Bond ETF (HYLB) have volatilities of 1.26% and 1.20%, 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.
Loading charts...
Volatility by Period
| IFLN | HYLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 1.20% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.17% | 2.93% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.90% | 3.70% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.37% | 7.47% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.89% | 8.18% | -1.29% |
IFLN vs. HYLB - Expense Ratio Comparison
IFLN has a 0.23% expense ratio, which is higher than HYLB's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IFLN vs. HYLB - Dividend Comparison
IFLN's dividend yield for the trailing twelve months is around 5.82%, less than HYLB's 6.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYLB Xtrackers USD High Yield Corporate Bond ETF | 6.49% | 6.29% | 6.31% | 5.84% | 5.53% | 4.45% | 5.22% | 5.71% | 5.95% | 5.85% | 0.27% | 0.00% |
IFLN Invesco Bloomberg Enhanced Fallen Angels ETF | 5.82% | 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 HYLB have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IFLN has higher volatility (1.26%) compared to HYLB (1.20%). In terms of maximum drawdown, IFLN dropped -44.79% vs HYLB's -22.91%.
On 5-year performance, HYLB leads with 4.04% vs 3.59% for IFLN. On fees, HYLB is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HYLB has performed better with a 4.04% return vs 3.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYLB is cheaper with a 0.15% expense ratio, compared with 0.23% for IFLN.
HYLB has the higher dividend yield at 6.49%, compared with 5.82% for IFLN.
IFLN tracks Bloomberg US High Yield Enhanced Fallen Angels Index, while HYLB tracks Solactive USD High Yield Corporates Total Market Index. They also come from different issuers: Invesco and DWS. Their fees differ too: 0.23% for IFLN and 0.15% for HYLB.
HYLB currently has the higher Sharpe Ratio (1.86 vs 1.51), 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.
Find the right allocation for IFLN and HYLB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer