EUHI.DE vs. PJSR.DE

Last updated Jun 5, 2026

EUHI.DE (PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist) and PJSR.DE (PIMCO Euro Short Maturity UCITS ETF EUR Accumulation) are both exchange-traded funds - EUHI.DE is a European High Yield Bonds fund tracking the BofA Merrill Lynch 0-5 Year Euro Developed Markets High Yield 2% Constrained, while PJSR.DE is a Short-Term Bond fund actively managed by PIMCO. EUHI.DE is passively managed, while PJSR.DE is actively managed. Over the past 5 years, EUHI.DE returned 2.83%/yr vs 1.84%/yr for PJSR.DE. At a 0.07 correlation, their price movements are largely independent. EUHI.DE charges 0.50%/yr vs 0.19%/yr for PJSR.DE.

Performance

EUHI.DE vs. PJSR.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist (EUHI.DE) and PIMCO Euro Short Maturity UCITS ETF EUR Accumulation (PJSR.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EUHI.DE achieves a 1.24% return, which is significantly higher than PJSR.DE's 0.84% return.

EUHI.DE

• 1D: -0.00%
• 1M: 0.41%
• YTD: 1.24%
• 6M: 1.47%
• 1Y: 3.53%
• 3Y*: 6.36%
• 5Y*: 2.83%
• 10Y*: —

PJSR.DE

• 1D: -0.03%
• 1M: 0.21%
• YTD: 0.84%
• 6M: 1.00%
• 1Y: 2.31%
• 3Y*: 3.54%
• 5Y*: 1.84%
• 10Y*: 0.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EUHI.DE vs. PJSR.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUHI.DE PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist	1.24%	5.05%	6.16%	10.11%	-8.21%	3.21%	1.04%	8.37%	-4.20%	0.33%
PJSR.DE PIMCO Euro Short Maturity UCITS ETF EUR Accumulation	0.84%	2.85%	4.36%	3.97%	-2.27%	-0.58%	-0.25%	-0.12%	-1.38%	-0.04%

Correlation

The correlation between EUHI.DE and PJSR.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	0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (All Time) Calculated using the full available price history since Oct 10, 2017	0.07

Return for Risk

EUHI.DE vs. PJSR.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EUHI.DE

EUHI.DE Risk / Return Rank: 36
EUHI.DE Sharpe Ratio Rank: 35
EUHI.DE Sortino Ratio Rank: 40
EUHI.DE Omega Ratio Rank: 40
EUHI.DE Calmar Ratio Rank: 26
EUHI.DE Martin Ratio Rank: 36

PJSR.DE

PJSR.DE Risk / Return Rank: 96
PJSR.DE Sharpe Ratio Rank: 97
PJSR.DE Sortino Ratio Rank: 98
PJSR.DE Omega Ratio Rank: 98
PJSR.DE Calmar Ratio Rank: 91
PJSR.DE Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EUHI.DE vs. PJSR.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist (EUHI.DE) and PIMCO Euro Short Maturity UCITS ETF EUR Accumulation (PJSR.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.

	EUHI.DE	PJSR.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.24	4.67	-3.43
Sortino ratio: Return per unit of downside risk	2.03	8.11	-6.08
Omega ratio: Gain probability vs. loss probability	1.26	2.25	-1.00
Calmar ratio: Return relative to maximum drawdown	1.24	5.83	-4.59
Martin ratio: Return relative to average drawdown	5.48	28.98	-23.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EUHI.DE vs. PJSR.DE - Sharpe Ratio Comparison

The current EUHI.DE Sharpe Ratio is 1.24, which is lower than the PJSR.DE Sharpe Ratio of 4.67. The chart below compares the historical Sharpe Ratios of EUHI.DE and PJSR.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EUHI.DE	PJSR.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.24	4.67	-3.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	3.34	-2.72
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.96	-0.56

Drawdowns

EUHI.DE vs. PJSR.DE - Drawdown Comparison

The maximum EUHI.DE drawdown since its inception was -21.68%, which is greater than PJSR.DE's maximum drawdown of -5.63%. Use the drawdown chart below to compare losses from any high point for EUHI.DE and PJSR.DE.

Drawdown Indicators

	EUHI.DE	PJSR.DE	Difference
Max Drawdown Largest peak-to-trough decline	-21.68%	-5.63%	-16.05%
Max Drawdown (1Y) Largest decline over 1 year	-2.85%	-0.39%	-2.46%
Max Drawdown (3Y) Largest decline over 3 years	-3.28%	-0.39%	-2.89%
Max Drawdown (5Y) Largest decline over 5 years	-12.64%	-3.47%	-9.17%
Max Drawdown (10Y) Largest decline over 10 years	—	-5.60%	—
Current Drawdown Current decline from peak	-0.12%	-0.03%	-0.09%
Average Drawdown Average peak-to-trough decline	-2.41%	-1.38%	-1.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.64%	0.08%	+0.56%

Volatility

EUHI.DE vs. PJSR.DE - Volatility Comparison

PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist (EUHI.DE) has a higher volatility of 0.67% compared to PIMCO Euro Short Maturity UCITS ETF EUR Accumulation (PJSR.DE) at 0.15%. This indicates that EUHI.DE's price experiences larger fluctuations and is considered to be riskier than PJSR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUHI.DE	PJSR.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.67%	0.15%	+0.52%
Volatility (6M) Calculated over the trailing 6-month period	2.38%	0.41%	+1.97%
Volatility (1Y) Calculated over the trailing 1-year period	2.83%	0.49%	+2.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.50%	0.54%	+3.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.21%	0.66%	+5.55%

EUHI.DE vs. PJSR.DE - Expense Ratio Comparison

EUHI.DE has a 0.50% expense ratio, which is higher than PJSR.DE's 0.19% expense ratio.

Dividends

EUHI.DE vs. PJSR.DE - Dividend Comparison

EUHI.DE's dividend yield for the trailing twelve months is around 4.40%, while PJSR.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUHI.DE PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Dist	4.40%	4.47%	4.75%	4.15%	3.10%	2.54%	2.61%	2.59%	2.03%	0.17%
PJSR.DE PIMCO Euro Short Maturity UCITS ETF EUR Accumulation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EUHI.DE and PJSR.DE in my portfolio?

EUHI.DE and PJSR.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.

Which ETF is better, EUHI.DE or PJSR.DE?

On fees, PJSR.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EUHI.DE or PJSR.DE?

PJSR.DE is cheaper with a 0.19% expense ratio, compared with 0.50% for EUHI.DE.

What is the main difference between EUHI.DE and PJSR.DE?

EUHI.DE is categorized as European High Yield Bonds, while PJSR.DE is Short-Term Bond. Their fees differ too: 0.50% for EUHI.DE and 0.19% for PJSR.DE.