XZHY.DE vs. FAHY.DE
XZHY.DE (Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C) and FAHY.DE (Invesco US High Yield Fallen Angels UCITS ETF Dist) are both High Yield Bonds funds - XZHY.DE tracks the Bloomberg MSCI US High Yield Sustainable and SRI while FAHY.DE tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 3 years, XZHY.DE returned 5.47%/yr vs 4.93%/yr for FAHY.DE. Their correlation of 0.84 suggests significant overlap in exposure. XZHY.DE charges 0.25%/yr vs 0.45%/yr for FAHY.DE.
Performance
XZHY.DE vs. FAHY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZHY.DE achieves a 2.61% return, which is significantly higher than FAHY.DE's 1.84% return.
XZHY.DE
- 1D
- -0.10%
- 1M
- 1.04%
- YTD
- 2.61%
- 6M
- 1.91%
- 1Y
- 5.11%
- 3Y*
- 5.47%
- 5Y*
- —
- 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*
- —
XZHY.DE vs. FAHY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XZHY.DE Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C | 2.61% | -3.17% | 13.38% | 8.40% | -5.92% |
FAHY.DE Invesco US High Yield Fallen Angels UCITS ETF Dist | 1.84% | -2.35% | 10.86% | 6.42% | -5.57% |
Correlation
The correlation between XZHY.DE and FAHY.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2022 | 0.84 |
The correlation between XZHY.DE and FAHY.DE has been stable across timeframes, ranging from 0.75 to 0.84 - a consistent structural relationship.
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Return for Risk
XZHY.DE vs. FAHY.DE — Risk / Return Rank
XZHY.DE
FAHY.DE
XZHY.DE vs. FAHY.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 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.
| XZHY.DE | FAHY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.17 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.76 | -0.17 |
| Martin ratioReturn relative to average drawdown | 4.98 | 4.39 | +0.59 |
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
| XZHY.DE | FAHY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 0.92 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.37 | +0.11 |
Drawdowns
XZHY.DE vs. FAHY.DE - Drawdown Comparison
The maximum XZHY.DE drawdown since its inception was -11.51%, smaller than the maximum FAHY.DE drawdown of -28.23%. Use the drawdown chart below to compare losses from any high point for XZHY.DE and FAHY.DE.
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Drawdown Indicators
| XZHY.DE | FAHY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.51% | -28.23% | +16.72% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -3.28% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -11.51% | -12.29% | +0.78% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.29% | — |
Current DrawdownCurrent decline from peak | -3.51% | -3.38% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -4.48% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 1.32% | -0.33% |
Volatility
XZHY.DE vs. FAHY.DE - Volatility Comparison
The current volatility for Xtrackers ESG USD High Yield Corporate Bond UCITS ETF 1C (XZHY.DE) is 1.29%, while Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.DE) has a volatility of 1.87%. This indicates that XZHY.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
| XZHY.DE | FAHY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 1.87% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 3.85% | 4.40% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.83% | 6.29% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.58% | 8.44% | -0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.58% | 9.67% | -2.09% |
XZHY.DE vs. FAHY.DE - Expense Ratio Comparison
XZHY.DE has a 0.25% expense ratio, which is lower than FAHY.DE's 0.45% expense ratio.
Dividends
XZHY.DE vs. FAHY.DE - Dividend Comparison
XZHY.DE has not paid dividends to shareholders, while FAHY.DE's dividend yield for the trailing twelve months is around 6.57%.
| 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% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
XZHY.DE and FAHY.DE have a correlation of 0.75, 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 0.45% for FAHY.DE.
XZHY.DE tracks Bloomberg MSCI US High Yield Sustainable and SRI, while FAHY.DE tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.25% for XZHY.DE and 0.45% for FAHY.DE.
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