IS3K.DE vs. FAEU.DE
IS3K.DE (iShares USD Short Duration 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 - IS3K.DE tracks the iBoxx® USD Liquid High Yield 0-5 Capped while FAEU.DE tracks the FTSE Time-Weighted US Fallen Angel Bond Select Index. Both are passively managed. Over the past 5 years, IS3K.DE returned 5.27%/yr vs 0.06%/yr for FAEU.DE. At a 0.22 correlation, their price movements are largely independent. IS3K.DE charges 0.45%/yr vs 0.50%/yr for FAEU.DE.
Performance
IS3K.DE vs. FAEU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3K.DE achieves a 4.98% return, which is significantly higher than FAEU.DE's 0.40% return.
IS3K.DE
- 1D
- 0.20%
- 1M
- 1.54%
- 6M
- 3.17%
- YTD
- 4.98%
- 1Y
- 7.70%
- 3Y*
- 6.67%
- 5Y*
- 5.27%
- 10Y*
- 4.40%
FAEU.DE
- 1D
- 0.14%
- 1M
- 0.18%
- 6M
- -0.29%
- YTD
- 0.40%
- 1Y
- 3.87%
- 3Y*
- 5.02%
- 5Y*
- 0.06%
- 10Y*
- —
IS3K.DE vs. FAEU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 4.98% | -3.41% | 12.68% | 5.21% | 2.20% | 12.74% | -5.49% | 12.34% | 4.89% | -1.70% |
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 IS3K.DE and FAEU.DE is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2017 | 0.22 |
The correlation between IS3K.DE and FAEU.DE shifts across timeframes, from -0.03 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IS3K.DE vs. FAEU.DE — Risk / Return Rank
IS3K.DE
FAEU.DE
IS3K.DE vs. FAEU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.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.
| IS3K.DE | FAEU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.15 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 0.72 | +1.77 |
| Martin ratioReturn relative to average drawdown | 8.03 | 2.32 | +5.71 |
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Drawdowns
IS3K.DE vs. FAEU.DE - Drawdown Comparison
The maximum IS3K.DE drawdown since its inception was -27.02%, smaller than the maximum FAEU.DE drawdown of -29.94%. Use the drawdown chart below to compare losses from any high point for IS3K.DE and FAEU.DE.
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Drawdown Indicators
| IS3K.DE | FAEU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.02% | -29.94% | +2.92% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -5.38% | +2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -11.25% | -5.63% | -5.62% |
Max Drawdown (5Y)Largest decline over 5 years | -11.25% | -19.80% | +8.55% |
Max Drawdown (10Y)Largest decline over 10 years | -17.93% | — | — |
Current DrawdownCurrent decline from peak | -1.45% | -1.31% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -6.38% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 1.67% | -0.71% |
Volatility
IS3K.DE vs. FAEU.DE - Volatility Comparison
iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) has a higher volatility of 1.47% compared to Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg) (FAEU.DE) at 0.94%. This indicates that IS3K.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
| IS3K.DE | FAEU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 0.94% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 3.68% | 4.27% | -0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.72% | 5.25% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.09% | 7.44% | -0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.82% | 10.53% | -2.71% |
IS3K.DE vs. FAEU.DE - Expense Ratio Comparison
IS3K.DE has a 0.45% expense ratio, which is lower than FAEU.DE's 0.50% expense ratio.
Dividends
IS3K.DE vs. FAEU.DE - Dividend Comparison
IS3K.DE's dividend yield for the trailing twelve months is around 6.63%, 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% |
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 6.63% | 6.65% | 6.31% | 5.70% | 4.36% | 4.12% | 5.05% | 5.26% | 5.48% | 5.68% | 5.57% | 5.05% |
Frequently Asked Questions
IS3K.DE and FAEU.DE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3K.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3K.DE is cheaper with a 0.45% expense ratio, compared with 0.50% for FAEU.DE.
IS3K.DE tracks iBoxx® USD Liquid High Yield 0-5 Capped, while FAEU.DE tracks FTSE Time-Weighted US Fallen Angel Bond Select Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.45% for IS3K.DE and 0.50% for FAEU.DE.
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