XUHE.DE vs. FAEU.DE
XUHE.DE (Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc)) and FAEU.DE (Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg)) are both High Yield Bonds funds - XUHE.DE tracks the Bloomberg US High Yield Very Liquid ex 144A Index (EUR Hedged) while FAEU.DE tracks the FTSE Time-Weighted US Fallen Angel Bond Select Index. Both are passively managed. Over the past 3 years, XUHE.DE returned 6.21%/yr vs 5.02%/yr for FAEU.DE. A 0.55 correlation means they provide meaningful diversification when combined. XUHE.DE charges 0.25%/yr vs 0.50%/yr for FAEU.DE.
Performance
XUHE.DE vs. FAEU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUHE.DE achieves a 1.03% return, which is significantly higher than FAEU.DE's 0.40% return.
XUHE.DE
- 1D
- 0.00%
- 1M
- -0.18%
- 6M
- 0.79%
- YTD
- 1.03%
- 1Y
- 4.32%
- 3Y*
- 6.21%
- 5Y*
- —
- 10Y*
- —
FAEU.DE
- 1D
- 0.14%
- 1M
- 0.18%
- 6M
- -0.29%
- YTD
- 0.40%
- 1Y
- 3.87%
- 3Y*
- 5.02%
- 5Y*
- 0.06%
- 10Y*
- —
XUHE.DE vs. FAEU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XUHE.DE Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) | 1.03% | 7.00% | 5.04% | 10.87% | -14.46% | 0.91% |
FAEU.DE Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg) | 0.40% | 7.55% | 2.62% | 7.66% | -16.29% | 0.87% |
Correlation
The correlation between XUHE.DE and FAEU.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021 | 0.55 |
The correlation between XUHE.DE and FAEU.DE shifts across timeframes, from 0.55 (all time) to 0.75 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XUHE.DE vs. FAEU.DE — Risk / Return Rank
XUHE.DE
FAEU.DE
XUHE.DE vs. FAEU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) (XUHE.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.
| XUHE.DE | FAEU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.15 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 0.72 | +0.72 |
| Martin ratioReturn relative to average drawdown | 6.70 | 2.32 | +4.38 |
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Drawdowns
XUHE.DE vs. FAEU.DE - Drawdown Comparison
The maximum XUHE.DE drawdown since its inception was -17.56%, smaller than the maximum FAEU.DE drawdown of -29.94%. Use the drawdown chart below to compare losses from any high point for XUHE.DE and FAEU.DE.
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Drawdown Indicators
| XUHE.DE | FAEU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.56% | -29.94% | +12.38% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -5.38% | +2.38% |
Max Drawdown (3Y)Largest decline over 3 years | -5.20% | -5.63% | +0.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.80% | — |
Current DrawdownCurrent decline from peak | -0.30% | -1.31% | +1.01% |
Average DrawdownAverage peak-to-trough decline | -5.45% | -6.38% | +0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 1.67% | -1.03% |
Volatility
XUHE.DE vs. FAEU.DE - Volatility Comparison
Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) (XUHE.DE) has a higher volatility of 1.05% compared to Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg) (FAEU.DE) at 0.94%. This indicates that XUHE.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
| XUHE.DE | FAEU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 0.94% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.48% | 4.27% | -0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 5.25% | -1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.41% | 7.44% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.41% | 10.53% | -3.12% |
XUHE.DE vs. FAEU.DE - Expense Ratio Comparison
XUHE.DE has a 0.25% expense ratio, which is lower than FAEU.DE's 0.50% expense ratio.
Dividends
XUHE.DE vs. FAEU.DE - Dividend Comparison
Neither XUHE.DE nor FAEU.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
XUHE.DE Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XUHE.DE and FAEU.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUHE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUHE.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for FAEU.DE.
XUHE.DE tracks Bloomberg US High Yield Very Liquid ex 144A Index (EUR Hedged), while FAEU.DE tracks FTSE Time-Weighted US Fallen Angel Bond Select Index. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.25% for XUHE.DE and 0.50% for FAEU.DE.
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