IS3K.DE vs. FAHY.DE
IS3K.DE (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) and FAHY.DE (Invesco US High Yield Fallen Angels UCITS ETF Dist) are both High Yield Bonds funds - IS3K.DE tracks the iBoxx® USD Liquid High Yield 0-5 Capped while FAHY.DE tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, IS3K.DE returned 4.97%/yr vs 3.51%/yr for FAHY.DE. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.45% expense ratio.
Performance
IS3K.DE vs. FAHY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3K.DE achieves a 2.62% return, which is significantly higher than FAHY.DE's 1.84% return.
IS3K.DE
- 1D
- 0.04%
- 1M
- 1.00%
- YTD
- 2.62%
- 6M
- 1.77%
- 1Y
- 4.00%
- 3Y*
- 4.06%
- 5Y*
- 4.97%
- 10Y*
- 4.08%
FAHY.DE
- 1D
- -0.16%
- 1M
- 1.12%
- YTD
- 1.84%
- 6M
- 0.61%
- 1Y
- 5.80%
- 3Y*
- 4.93%
- 5Y*
- 3.51%
- 10Y*
- —
IS3K.DE vs. FAHY.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 | 2.62% | -4.31% | 12.26% | 4.68% | 1.95% | 12.07% | -6.16% | 11.71% | 4.17% | -9.09% |
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 IS3K.DE and FAHY.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2016 | 0.87 |
The correlation between IS3K.DE and FAHY.DE has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.
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Return for Risk
IS3K.DE vs. FAHY.DE — Risk / Return Rank
IS3K.DE
FAHY.DE
IS3K.DE vs. FAHY.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 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.
| IS3K.DE | FAHY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.17 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 1.76 | -0.47 |
| Martin ratioReturn relative to average drawdown | 3.43 | 4.39 | -0.95 |
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
| IS3K.DE | FAHY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 0.92 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.41 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.37 | +0.19 |
Drawdowns
IS3K.DE vs. FAHY.DE - Drawdown Comparison
The maximum IS3K.DE drawdown since its inception was -17.93%, smaller than the maximum FAHY.DE drawdown of -28.23%. Use the drawdown chart below to compare losses from any high point for IS3K.DE and FAHY.DE.
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Drawdown Indicators
| IS3K.DE | FAHY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.93% | -28.23% | +10.30% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -3.28% | +0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -11.25% | -12.29% | +1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -11.25% | -12.29% | +1.04% |
Max Drawdown (10Y)Largest decline over 10 years | -17.93% | — | — |
Current DrawdownCurrent decline from peak | -4.57% | -3.38% | -1.19% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -4.48% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 1.32% | -0.16% |
Volatility
IS3K.DE vs. FAHY.DE - Volatility Comparison
The current volatility for iShares USD Short Duration High Yield Corporate Bond UCITS ETF (IS3K.DE) is 0.85%, while Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.DE) has a volatility of 1.87%. This indicates that IS3K.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
| IS3K.DE | FAHY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 1.87% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.84% | 4.40% | -0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 6.29% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.15% | 8.44% | -1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.85% | 9.67% | -1.82% |
IS3K.DE vs. FAHY.DE - Expense Ratio Comparison
Both IS3K.DE and FAHY.DE have an expense ratio of 0.45%.
Dividends
IS3K.DE vs. FAHY.DE - Dividend Comparison
IS3K.DE's dividend yield for the trailing twelve months is around 7.13%, more 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% |
IS3K.DE iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 7.13% | 5.70% | 5.95% | 5.19% | 4.12% | 3.55% | 4.31% | 4.69% | 4.78% | 4.97% | 5.17% | 4.61% |
Frequently Asked Questions
IS3K.DE and FAHY.DE have a correlation of 0.80, 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 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IS3K.DE and FAHY.DE have the same expense ratio: 0.45% per year.
IS3K.DE tracks iBoxx® USD Liquid High Yield 0-5 Capped, while FAHY.DE tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: iShares and Invesco.
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