XZHY.DE vs. FAEU.DE
XZHY.DE (Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C) and FAEU.DE (Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg)) are both High Yield Bonds funds - XZHY.DE tracks the Bloomberg MSCI US High Yield Sustainable and SRI while FAEU.DE tracks the FTSE Time-Weighted US Fallen Angel Bond Select Index. Both are passively managed. Over the past 3 years, XZHY.DE returned 7.16%/yr vs 5.02%/yr for FAEU.DE. At a 0.24 correlation, their price movements are largely independent. XZHY.DE charges 0.25%/yr vs 0.50%/yr for FAEU.DE.
Performance
XZHY.DE vs. FAEU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZHY.DE achieves a 4.31% return, which is significantly higher than FAEU.DE's 0.40% return.
XZHY.DE
- 1D
- 0.00%
- 1M
- 0.94%
- 6M
- 3.04%
- YTD
- 4.31%
- 1Y
- 7.17%
- 3Y*
- 7.16%
- 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*
- —
XZHY.DE vs. FAEU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XZHY.DE Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C | 4.31% | -3.17% | 13.38% | 8.40% | -5.88% |
FAEU.DE Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg) | 0.40% | 7.55% | 2.62% | 7.66% | -1.31% |
Correlation
The correlation between XZHY.DE and FAEU.DE is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2022 | 0.24 |
Over the past year, the correlation between XZHY.DE and FAEU.DE has dropped to 0.02 - well below their long-term average of 0.24, suggesting their price drivers have been diverging.
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Return for Risk
XZHY.DE vs. FAEU.DE — Risk / Return Rank
XZHY.DE
FAEU.DE
XZHY.DE vs. FAEU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C (XZHY.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.
| XZHY.DE | FAEU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.15 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 0.72 | +1.60 |
| Martin ratioReturn relative to average drawdown | 7.69 | 2.32 | +5.38 |
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Drawdowns
XZHY.DE vs. FAEU.DE - Drawdown Comparison
The maximum XZHY.DE drawdown since its inception was -11.51%, smaller than the maximum FAEU.DE drawdown of -29.94%. Use the drawdown chart below to compare losses from any high point for XZHY.DE and FAEU.DE.
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Drawdown Indicators
| XZHY.DE | FAEU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.51% | -29.94% | +18.43% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -5.38% | +2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -11.51% | -5.63% | -5.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.80% | — |
Current DrawdownCurrent decline from peak | -1.91% | -1.31% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -6.38% | +1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.67% | -0.73% |
Volatility
XZHY.DE vs. FAEU.DE - Volatility Comparison
Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C (XZHY.DE) has a higher volatility of 1.48% compared to Invesco US High Yield Fallen Angels UCITS ETF (EUR Hdg) (FAEU.DE) at 0.94%. This indicates that XZHY.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
| XZHY.DE | FAEU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 0.94% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 3.82% | 4.27% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.92% | 5.25% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.53% | 7.44% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.53% | 10.53% | -3.00% |
XZHY.DE vs. FAEU.DE - Expense Ratio Comparison
XZHY.DE has a 0.25% expense ratio, which is lower than FAEU.DE's 0.50% expense ratio.
Dividends
XZHY.DE vs. FAEU.DE - Dividend Comparison
Neither XZHY.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% |
XZHY.DE Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XZHY.DE and FAEU.DE have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XZHY.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZHY.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for FAEU.DE.
XZHY.DE tracks Bloomberg MSCI US High Yield Sustainable and SRI, 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 XZHY.DE and 0.50% for FAEU.DE.
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