WIGG.L vs. FAHY.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) (WIGG.L) and Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.L).

WIGG.L and FAHY.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WIGG.L is a passively managed fund by iShares that tracks the performance of the ICE BofA Gbl HY Constnd TR HGBP. It was launched on Apr 10, 2018. FAHY.L is a passively managed fund by Invesco that tracks the performance of the Bloomberg US Corporate High Yield TR USD. It was launched on Sep 1, 2016. Both WIGG.L and FAHY.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

WIGG.L vs. FAHY.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) (WIGG.L) and Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.L). The values are adjusted to include any dividend payments, if applicable.

WIGG.L vs. FAHY.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
WIGG.L iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist)	-0.76%	8.82%	4.80%	11.01%	-12.90%	4.06%	13.22%	14.56%	-3.63%
FAHY.L Invesco US High Yield Fallen Angels UCITS ETF Dist	-1.05%	2.08%	6.93%	4.14%	-3.51%	6.81%	5.36%	9.22%	7.15%

Different Trading Currencies

WIGG.L is traded in GBP, while FAHY.L is traded in GBp. To make them comparable, the FAHY.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, WIGG.L achieves a -0.76% return, which is significantly higher than FAHY.L's -1.05% return.

WIGG.L

• 1D: 0.87%
• 1M: -1.56%
• YTD: -0.76%
• 6M: 0.63%
• 1Y: 6.04%
• 3Y*: 7.06%
• 5Y*: 2.52%
• 10Y*: —

FAHY.L

• 1D: -0.16%
• 1M: -1.90%
• YTD: -1.05%
• 6M: 0.10%
• 1Y: 2.12%
• 3Y*: 4.27%
• 5Y*: 3.14%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

WIGG.L vs. FAHY.L - Expense Ratio Comparison

WIGG.L has a 0.55% expense ratio, which is higher than FAHY.L's 0.45% expense ratio.

WIGG.L

iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist)

FAHY.L

Invesco US High Yield Fallen Angels UCITS ETF Dist

Return for Risk

WIGG.L vs. FAHY.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WIGG.L

WIGG.L Risk / Return Rank: 66
WIGG.L Sharpe Ratio Rank: 69
WIGG.L Sortino Ratio Rank: 68
WIGG.L Omega Ratio Rank: 69
WIGG.L Calmar Ratio Rank: 61
WIGG.L Martin Ratio Rank: 63

FAHY.L

FAHY.L Risk / Return Rank: 19
FAHY.L Sharpe Ratio Rank: 19
FAHY.L Sortino Ratio Rank: 17
FAHY.L Omega Ratio Rank: 16
FAHY.L Calmar Ratio Rank: 24
FAHY.L Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WIGG.L vs. FAHY.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) (WIGG.L) and Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.L). 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.

	WIGG.L	FAHY.L	Difference
Sharpe ratio Return per unit of total volatility	1.27	0.29	+0.98
Sortino ratio Return per unit of downside risk	1.80	0.44	+1.36
Omega ratio Gain probability vs. loss probability	1.27	1.06	+0.21
Calmar ratio Return relative to maximum drawdown	1.71	0.59	+1.13
Martin ratio Return relative to average drawdown	6.97	1.49	+5.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WIGG.L vs. FAHY.L - Sharpe Ratio Comparison

The current WIGG.L Sharpe Ratio is 1.27, which is higher than the FAHY.L Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of WIGG.L and FAHY.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	WIGG.L	FAHY.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.27	0.29	+0.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.38	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.42	+0.18

Correlation

The correlation between WIGG.L and FAHY.L is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

WIGG.L vs. FAHY.L - Dividend Comparison

WIGG.L's dividend yield for the trailing twelve months is around 7.08%, more than FAHY.L's 6.67% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
WIGG.L iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist)	7.08%	5.58%	5.74%	5.08%	4.47%	3.89%	4.24%	4.53%	3.28%	0.00%	0.00%
FAHY.L Invesco US High Yield Fallen Angels UCITS ETF Dist	6.67%	6.61%	6.89%	6.85%	5.66%	4.54%	6.26%	6.22%	6.01%	5.63%	1.23%

Drawdowns

WIGG.L vs. FAHY.L - Drawdown Comparison

The maximum WIGG.L drawdown since its inception was -23.44%, roughly equal to the maximum FAHY.L drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for WIGG.L and FAHY.L.

Drawdown Indicators

	WIGG.L	FAHY.L	Difference
Max Drawdown Largest peak-to-trough decline	-23.44%	-23.91%	+0.47%
Max Drawdown (1Y) Largest decline over 1 year	-4.02%	-5.78%	+1.76%
Max Drawdown (5Y) Largest decline over 5 years	-17.35%	-11.66%	-5.69%
Current Drawdown Current decline from peak	-2.29%	-2.82%	+0.53%
Average Drawdown Average peak-to-trough decline	-3.65%	-4.19%	+0.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	1.57%	-0.70%

Volatility

WIGG.L vs. FAHY.L - Volatility Comparison

iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) (WIGG.L) and Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.L) have volatilities of 1.91% and 1.89%, 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.

Volatility by Period

	WIGG.L	FAHY.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.91%	1.89%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	2.70%	4.28%	-1.58%
Volatility (1Y) Calculated over the trailing 1-year period	4.73%	7.16%	-2.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.87%	8.31%	-2.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.49%	10.03%	-2.54%