QDVQ.DE vs. FAEU.DE
QDVQ.DE (iShares Fallen Angels 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 - QDVQ.DE tracks the Bloomberg Global Corporate ex EM Fallen Angels 3% Capped while FAEU.DE tracks the FTSE Time-Weighted US Fallen Angel Bond Select Index. Both are passively managed. Over the past 5 years, QDVQ.DE returned 3.08%/yr vs 0.06%/yr for FAEU.DE. At a 0.39 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.
Performance
QDVQ.DE vs. FAEU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QDVQ.DE achieves a 3.93% return, which is significantly higher than FAEU.DE's 0.40% return.
QDVQ.DE
- 1D
- 0.43%
- 1M
- 0.93%
- 6M
- 2.40%
- YTD
- 3.93%
- 1Y
- 7.15%
- 3Y*
- 6.63%
- 5Y*
- 3.08%
- 10Y*
- 5.27%
FAEU.DE
- 1D
- 0.14%
- 1M
- 0.18%
- 6M
- -0.29%
- YTD
- 0.40%
- 1Y
- 3.87%
- 3Y*
- 5.02%
- 5Y*
- 0.06%
- 10Y*
- —
QDVQ.DE vs. FAEU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QDVQ.DE iShares Fallen Angels High Yield Corporate Bond UCITS ETF | 3.93% | 0.03% | 8.76% | 8.81% | -8.88% | 10.59% | 7.56% | 18.61% | -0.86% | -0.57% |
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 QDVQ.DE and FAEU.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2017 | 0.39 |
The correlation between QDVQ.DE and FAEU.DE shifts across timeframes, from 0.22 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QDVQ.DE vs. FAEU.DE — Risk / Return Rank
QDVQ.DE
FAEU.DE
QDVQ.DE vs. FAEU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Fallen Angels High Yield Corporate Bond UCITS ETF (QDVQ.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.
| QDVQ.DE | FAEU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.15 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 0.72 | +1.82 |
| Martin ratioReturn relative to average drawdown | 8.74 | 2.32 | +6.42 |
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Drawdowns
QDVQ.DE vs. FAEU.DE - Drawdown Comparison
The maximum QDVQ.DE drawdown since its inception was -22.96%, smaller than the maximum FAEU.DE drawdown of -29.94%. Use the drawdown chart below to compare losses from any high point for QDVQ.DE and FAEU.DE.
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Drawdown Indicators
| QDVQ.DE | FAEU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.96% | -29.94% | +6.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -5.38% | +2.57% |
Max Drawdown (3Y)Largest decline over 3 years | -9.29% | -5.63% | -3.66% |
Max Drawdown (5Y)Largest decline over 5 years | -11.19% | -19.80% | +8.61% |
Max Drawdown (10Y)Largest decline over 10 years | -22.96% | — | — |
Current DrawdownCurrent decline from peak | -0.63% | -1.31% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -6.38% | +3.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 1.67% | -0.85% |
Volatility
QDVQ.DE vs. FAEU.DE - Volatility Comparison
iShares Fallen Angels High Yield Corporate Bond UCITS ETF (QDVQ.DE) has a higher volatility of 1.67% compared to Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg) (FAEU.DE) at 0.94%. This indicates that QDVQ.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
| QDVQ.DE | FAEU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 0.94% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 3.67% | 4.27% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.14% | 5.25% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.53% | 7.44% | -0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.40% | 10.53% | -2.13% |
QDVQ.DE vs. FAEU.DE - Expense Ratio Comparison
Both QDVQ.DE and FAEU.DE have an expense ratio of 0.50%.
Dividends
QDVQ.DE vs. FAEU.DE - Dividend Comparison
QDVQ.DE's dividend yield for the trailing twelve months is around 5.62%, while FAEU.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
QDVQ.DE iShares Fallen Angels High Yield Corporate Bond UCITS ETF | 5.62% | 5.73% | 5.78% | 5.25% | 4.46% | 3.82% | 4.44% | 4.56% | 4.97% | 4.65% | 2.13% |
Frequently Asked Questions
QDVQ.DE and FAEU.DE have a correlation of 0.22, 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 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
QDVQ.DE and FAEU.DE have the same expense ratio: 0.50% per year.
QDVQ.DE tracks Bloomberg Global Corporate ex EM Fallen Angels 3% Capped, while FAEU.DE tracks FTSE Time-Weighted US Fallen Angel Bond Select Index. They also come from different issuers: iShares and Invesco.
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