QDVQ.DE vs. FAHY.DE
QDVQ.DE (iShares Fallen Angels High Yield Corporate Bond UCITS ETF) and FAHY.DE (Invesco US High Yield Fallen Angels UCITS ETF Dist) are both High Yield Bonds funds - QDVQ.DE tracks the Bloomberg Global Corporate ex EM Fallen Angels 3% Capped while FAHY.DE tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, QDVQ.DE returned 3.51%/yr vs 3.51%/yr for FAHY.DE. Their correlation of 0.84 suggests significant overlap in exposure. QDVQ.DE charges 0.50%/yr vs 0.45%/yr for FAHY.DE.
Performance
QDVQ.DE vs. FAHY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QDVQ.DE achieves a 2.23% return, which is significantly higher than FAHY.DE's 1.84% return.
QDVQ.DE
- 1D
- 0.06%
- 1M
- 1.02%
- YTD
- 2.23%
- 6M
- 1.76%
- 1Y
- 5.75%
- 3Y*
- 5.48%
- 5Y*
- 3.51%
- 10Y*
- —
FAHY.DE
- 1D
- -0.16%
- 1M
- 1.51%
- YTD
- 1.84%
- 6M
- 0.61%
- 1Y
- 5.71%
- 3Y*
- 4.93%
- 5Y*
- 3.51%
- 10Y*
- —
QDVQ.DE vs. FAHY.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 | 2.23% | 0.11% | 8.76% | 8.83% | -9.03% | 10.74% | 7.49% | 18.50% | -0.74% | -1.27% |
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 QDVQ.DE and FAHY.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2016 | 0.84 |
The correlation between QDVQ.DE and FAHY.DE shifts across timeframes, from 0.66 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QDVQ.DE vs. FAHY.DE — Risk / Return Rank
QDVQ.DE
FAHY.DE
QDVQ.DE vs. FAHY.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 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.
| QDVQ.DE | FAHY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.17 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 1.76 | +0.18 |
| Martin ratioReturn relative to average drawdown | 6.98 | 4.39 | +2.59 |
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
| QDVQ.DE | FAHY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 0.92 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.41 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.37 | +0.28 |
Drawdowns
QDVQ.DE vs. FAHY.DE - Drawdown Comparison
The maximum QDVQ.DE drawdown since its inception was -22.94%, smaller than the maximum FAHY.DE drawdown of -28.23%. Use the drawdown chart below to compare losses from any high point for QDVQ.DE and FAHY.DE.
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Drawdown Indicators
| QDVQ.DE | FAHY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.94% | -28.23% | +5.29% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -3.28% | +0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -9.27% | -12.29% | +3.02% |
Max Drawdown (5Y)Largest decline over 5 years | -11.15% | -12.29% | +1.14% |
Current DrawdownCurrent decline from peak | -0.24% | -3.38% | +3.14% |
Average DrawdownAverage peak-to-trough decline | -2.84% | -4.48% | +1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 1.32% | -0.51% |
Volatility
QDVQ.DE vs. FAHY.DE - Volatility Comparison
The current volatility for iShares Fallen Angels High Yield Corporate Bond UCITS ETF (QDVQ.DE) is 1.21%, while Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.DE) has a volatility of 1.87%. This indicates that QDVQ.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
| QDVQ.DE | FAHY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 1.87% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 3.53% | 4.40% | -0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.87% | 6.29% | -1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.40% | 8.44% | -2.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.33% | 9.67% | -1.34% |
QDVQ.DE vs. FAHY.DE - Expense Ratio Comparison
QDVQ.DE has a 0.50% expense ratio, which is higher than FAHY.DE's 0.45% expense ratio.
Dividends
QDVQ.DE vs. FAHY.DE - Dividend Comparison
QDVQ.DE's dividend yield for the trailing twelve months is around 7.11%, more than FAHY.DE's 6.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
QDVQ.DE iShares Fallen Angels High Yield Corporate Bond UCITS ETF | 7.11% | 5.73% | 5.78% | 5.26% | 4.47% | 3.82% | 4.44% | 4.56% | 4.96% | 4.65% | 2.13% |
Frequently Asked Questions
QDVQ.DE and FAHY.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FAHY.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FAHY.DE is cheaper with a 0.45% expense ratio, compared with 0.50% for QDVQ.DE.
QDVQ.DE tracks Bloomberg Global Corporate ex EM Fallen Angels 3% Capped, while FAHY.DE tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.50% for QDVQ.DE and 0.45% for FAHY.DE.
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