DHYA.L vs. STHY.L
DHYA.L (iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc)) and STHY.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income) are both High Yield Bonds funds - DHYA.L tracks the Bloomberg US Corporate High Yield TR USD while STHY.L tracks the ICE BofA 0-5 Year US High Yield Constrained Index. Both are passively managed. Over the past 5 years, DHYA.L returned 3.78%/yr vs 5.18%/yr for STHY.L. A 0.69 correlation means they provide meaningful diversification when combined. DHYA.L charges 0.25%/yr vs 0.55%/yr for STHY.L.
Performance
DHYA.L vs. STHY.L - Performance Comparison
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Returns By Period
In the year-to-date period, DHYA.L achieves a 1.20% return, which is significantly lower than STHY.L's 1.38% return.
DHYA.L
- 1D
- -0.09%
- 1M
- 0.09%
- YTD
- 1.20%
- 6M
- 1.69%
- 1Y
- 6.66%
- 3Y*
- 8.68%
- 5Y*
- 3.78%
- 10Y*
- —
STHY.L
- 1D
- -0.09%
- 1M
- -0.09%
- YTD
- 1.38%
- 6M
- 2.02%
- 1Y
- 7.05%
- 3Y*
- 8.69%
- 5Y*
- 5.18%
- 10Y*
- 5.49%
DHYA.L vs. STHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DHYA.L iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) | 1.20% | 8.50% | 8.26% | 12.25% | -12.01% | 3.82% | 7.49% | 0.45% |
STHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income | 1.38% | 8.60% | 8.44% | 11.65% | -4.82% | 4.37% | 3.88% | 1.73% |
Correlation
The correlation between DHYA.L and STHY.L 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 | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2019 | 0.69 |
The correlation between DHYA.L and STHY.L shifts across timeframes, from 0.64 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DHYA.L vs. STHY.L — Risk / Return Rank
DHYA.L
STHY.L
DHYA.L vs. STHY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) (DHYA.L) and PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income (STHY.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.
| DHYA.L | STHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.42 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 4.01 | -1.42 |
| Martin ratioReturn relative to average drawdown | 11.33 | 15.93 | -4.60 |
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
| DHYA.L | STHY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 2.05 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.96 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.89 | -0.43 |
Drawdowns
DHYA.L vs. STHY.L - Drawdown Comparison
The maximum DHYA.L drawdown since its inception was -16.70%, smaller than the maximum STHY.L drawdown of -21.75%. Use the drawdown chart below to compare losses from any high point for DHYA.L and STHY.L.
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Drawdown Indicators
| DHYA.L | STHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.70% | -21.75% | +5.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.56% | -1.75% | -0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -5.13% | -4.66% | -0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -16.29% | -9.55% | -6.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.75% | — |
Current DrawdownCurrent decline from peak | -0.29% | -0.28% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -3.69% | -1.42% | -2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 0.44% | +0.15% |
Volatility
DHYA.L vs. STHY.L - Volatility Comparison
iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) (DHYA.L) has a higher volatility of 1.53% compared to PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income (STHY.L) at 1.25%. This indicates that DHYA.L's price experiences larger fluctuations and is considered to be riskier than STHY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHYA.L | STHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 1.25% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 3.29% | 2.84% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 3.44% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.27% | 5.41% | +1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.19% | 6.30% | +3.89% |
DHYA.L vs. STHY.L - Expense Ratio Comparison
DHYA.L has a 0.25% expense ratio, which is lower than STHY.L's 0.55% expense ratio.
Dividends
DHYA.L vs. STHY.L - Dividend Comparison
DHYA.L has not paid dividends to shareholders, while STHY.L's dividend yield for the trailing twelve months is around 7.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHYA.L iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
STHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income | 7.05% | 7.17% | 7.60% | 6.36% | 4.97% | 4.58% | 4.89% | 5.10% | 5.32% | 5.21% | 5.39% | 5.29% |
Frequently Asked Questions
DHYA.L and STHY.L 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, DHYA.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DHYA.L is cheaper with a 0.25% expense ratio, compared with 0.55% for STHY.L.
DHYA.L tracks Bloomberg US Corporate High Yield TR USD, while STHY.L tracks ICE BofA 0-5 Year US High Yield Constrained Index. They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.25% for DHYA.L and 0.55% for STHY.L.
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