PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Inc EUR Hedged (STHE.L) Sharpe Ratio: 1.39

ETF · Currency in EUR · Last updated Jul 16, 2026

The fund aims to provide investors with exposure to a diversified portfolio of short-term, high-yield corporate bonds issued by U.S. companies, hedged into euros, with the objective of achieving a high level of income while maintaining a low duration profile.

STHE.L's Sharpe Ratio of 1.39 indicates that for each unit of volatility, it generates 1.39 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 16, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

STHE.L Sharpe Ratio Rank

STHE.L Sharpe Ratio Rank: 47.948
Average

STHE.L ranks above 47.9% of all investments in our database based on Sharpe Ratio over the past 12 months, showing balanced returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns are proportional to volatility—neither strong nor weak
  • Evaluate whether the volatility profile aligns with your risk tolerance
  • Review higher-ranked alternatives in the same category
  • Monitor rank direction to identify improving or deteriorating trends

STHE.L Sharpe Ratio Market Positioning

The chart shows STHE.L's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.75 or lower
  • Yellow zone (middle 50%): 0.75 to 1.92
  • Green zone (top 25%): 1.92 or higher
  • Top 1%: 6.52+
  • Median: 1.42 — half of all investments score higher

How it compares to other similar ETFs

The table compares PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Inc EUR Hedged's Sharpe Ratio with other ETFs in the High Yield Bonds category across multiple time periods, showing how STHE.L's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 16, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
JHYU.LJPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF USD Hedged (acc)2.29
STHY.LPIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income1.85
SDHY.L iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist1.85
STHS.LPIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc1.84
TAHY.LJanus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc1.83
STYC.LPIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc1.82
IHYU.LiShares USD High Yield Corporate Bond UCITS ETF1.76
IHYA.LiShares USD High Yield Corporate Bond UCITS ETF USD (Acc)1.73
JGHY.LJPMorgan ETFs (Ireland) ICAV Global High Yield Corporate Bond Multi-Factor Active UCITS ETF USD Acc1.72
SDHA.LiShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc)1.70
STHE.LPIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Inc EUR Hedged1.39

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows STHE.L's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when STHE.L consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

Loading charts...

Sharpe Ratio Calculator

How does STHE.L fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

Analyze Your Portfolio