EH1Y.DE vs. SSHY.L
EH1Y.DE (iShares Broad EUR High Yield Corporate Bond UCITS ETF EUR Dist) and SSHY.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist) are both exchange-traded funds - EH1Y.DE is a European High Yield Bonds fund tracking the ICE BofAML Euro High Yield Constrained, while SSHY.L is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 3 years, EH1Y.DE returned 7.73%/yr vs 7.65%/yr for SSHY.L. At a 0.09 correlation, their price movements are largely independent. EH1Y.DE charges 0.20%/yr vs 0.55%/yr for SSHY.L.
Performance
EH1Y.DE vs. SSHY.L - Performance Comparison
Loading charts...
Different Trading Currencies
EH1Y.DE is traded in EUR, while SSHY.L is traded in GBP. To make them comparable, the SSHY.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EH1Y.DE achieves a 2.81% return, which is significantly lower than SSHY.L's 4.48% return.
EH1Y.DE
- 1D
- 0.83%
- 1M
- 1.10%
- 6M
- 2.38%
- YTD
- 2.81%
- 1Y
- 4.48%
- 3Y*
- 7.73%
- 5Y*
- —
- 10Y*
- —
SSHY.L
- 1D
- -0.11%
- 1M
- 1.49%
- 6M
- 2.93%
- YTD
- 4.48%
- 1Y
- 7.45%
- 3Y*
- 7.65%
- 5Y*
- 5.87%
- 10Y*
- 4.92%
EH1Y.DE vs. SSHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EH1Y.DE iShares Broad EUR High Yield Corporate Bond UCITS ETF EUR Dist | 2.81% | 5.26% | 7.59% | 12.29% | -6.00% |
SSHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist | 4.48% | -3.89% | 15.49% | 7.73% | -0.27% |
Correlation
The correlation between EH1Y.DE and SSHY.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.09 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EH1Y.DE vs. SSHY.L — Risk / Return Rank
EH1Y.DE
SSHY.L
EH1Y.DE vs. SSHY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad EUR High Yield Corporate Bond UCITS ETF EUR Dist (EH1Y.DE) and PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.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.
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.
| EH1Y.DE | SSHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.24 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 2.54 | -1.31 |
| Martin ratioReturn relative to average drawdown | 4.54 | 7.84 | -3.30 |
Loading charts...
Drawdowns
EH1Y.DE vs. SSHY.L - Drawdown Comparison
The maximum EH1Y.DE drawdown since its inception was -11.40%, smaller than the maximum SSHY.L drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for EH1Y.DE and SSHY.L.
Loading charts...
Drawdown Indicators
| EH1Y.DE | SSHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.40% | -40.25% | +28.85% |
Max Drawdown (1Y)Largest decline over 1 year | -3.65% | -2.93% | -0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -3.83% | -12.01% | +8.18% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.01% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.26% | — |
Current DrawdownCurrent decline from peak | -0.33% | -1.57% | +1.24% |
Average DrawdownAverage peak-to-trough decline | -1.99% | -12.54% | +10.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 0.95% | +0.03% |
Volatility
EH1Y.DE vs. SSHY.L - Volatility Comparison
iShares Broad EUR High Yield Corporate Bond UCITS ETF EUR Dist (EH1Y.DE) has a higher volatility of 2.07% compared to PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.L) at 1.46%. This indicates that EH1Y.DE's price experiences larger fluctuations and is considered to be riskier than SSHY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EH1Y.DE | SSHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.07% | 1.46% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 4.81% | 3.95% | +0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 5.71% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.86% | 7.58% | -1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.86% | 8.48% | -2.62% |
EH1Y.DE vs. SSHY.L - Expense Ratio Comparison
EH1Y.DE has a 0.20% expense ratio, which is lower than SSHY.L's 0.55% expense ratio.
Dividends
EH1Y.DE vs. SSHY.L - Dividend Comparison
EH1Y.DE's dividend yield for the trailing twelve months is around 5.44%, less than SSHY.L's 7.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EH1Y.DE iShares Broad EUR High Yield Corporate Bond UCITS ETF EUR Dist | 5.44% | 5.47% | 5.71% | 5.03% | 1.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SSHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist | 7.02% | 7.33% | 7.48% | 6.52% | 4.86% | 4.47% | 5.24% | 5.27% | 5.10% | 5.48% | 4.92% | 5.11% |
Frequently Asked Questions
EH1Y.DE and SSHY.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EH1Y.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EH1Y.DE is cheaper with a 0.20% expense ratio, compared with 0.55% for SSHY.L.
EH1Y.DE is categorized as European High Yield Bonds, while SSHY.L is High Yield Bonds. EH1Y.DE tracks ICE BofAML Euro High Yield Constrained, while SSHY.L tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.20% for EH1Y.DE and 0.55% for SSHY.L.
Find the right allocation for EH1Y.DE and SSHY.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer