GHYS.L vs. STHY.L
GHYS.L (iShares Global High Yield Corp Bond GBP Hedged UCITS ETF) and STHY.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income) are both High Yield Bonds funds - GHYS.L tracks the Markit iBoxx Global Developed Markets Liquid High Yield Capped Index (GBP Hedged) while STHY.L tracks the ICE BofA 0-5 Year US High Yield Constrained Index. Both are passively managed. Over the past 10 years, GHYS.L returned 4.09%/yr vs 6.28%/yr for STHY.L. At a 0.20 correlation, their price movements are largely independent. Both charge a 0.55% expense ratio.
Performance
GHYS.L vs. STHY.L - Performance Comparison
Loading charts...
Different Trading Currencies
GHYS.L is traded in GBP, while STHY.L is traded in USD. To make them comparable, the STHY.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, GHYS.L achieves a 1.32% return, which is significantly lower than STHY.L's 1.79% return. Over the past 10 years, GHYS.L has underperformed STHY.L with an annualized return of 4.09%, while STHY.L has yielded a comparatively higher 6.28% annualized return.
GHYS.L
- 1D
- 0.09%
- 1M
- 0.42%
- YTD
- 1.32%
- 6M
- 1.62%
- 1Y
- 5.61%
- 3Y*
- 7.87%
- 5Y*
- 3.51%
- 10Y*
- 4.09%
STHY.L
- 1D
- -0.09%
- 1M
- 0.82%
- YTD
- 1.79%
- 6M
- 1.31%
- 1Y
- 8.09%
- 3Y*
- 5.96%
- 5Y*
- 6.32%
- 10Y*
- 6.28%
GHYS.L vs. STHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GHYS.L iShares Global High Yield Corp Bond GBP Hedged UCITS ETF | 1.32% | 7.56% | 6.95% | 11.60% | -9.89% | 3.60% | 2.71% | 11.10% | -3.20% | 4.61% |
STHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income | 1.79% | 0.87% | 10.33% | 6.07% | 6.50% | 5.36% | 0.83% | 5.90% | 5.24% | -3.67% |
Correlation
The correlation between GHYS.L and STHY.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2013 | 0.20 |
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
GHYS.L vs. STHY.L — Risk / Return Rank
GHYS.L
STHY.L
GHYS.L vs. STHY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corp Bond GBP Hedged UCITS ETF (GHYS.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.
| GHYS.L | STHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.21 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 2.06 | -0.18 |
| Martin ratioReturn relative to average drawdown | 8.55 | 6.07 | +2.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GHYS.L | STHY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 1.21 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.77 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.64 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.68 | -0.10 |
Drawdowns
GHYS.L vs. STHY.L - Drawdown Comparison
The maximum GHYS.L drawdown since its inception was -25.15%, which is greater than STHY.L's maximum drawdown of -15.87%. Use the drawdown chart below to compare losses from any high point for GHYS.L and STHY.L.
Loading charts...
Drawdown Indicators
| GHYS.L | STHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.15% | -15.87% | -9.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.97% | -3.91% | +0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -4.54% | -9.54% | +5.00% |
Max Drawdown (5Y)Largest decline over 5 years | -14.70% | -10.96% | -3.74% |
Max Drawdown (10Y)Largest decline over 10 years | -25.15% | -15.87% | -9.28% |
Current DrawdownCurrent decline from peak | -0.34% | -0.91% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -2.29% | -3.92% | +1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 1.33% | -0.68% |
Volatility
GHYS.L vs. STHY.L - Volatility Comparison
The current volatility for iShares Global High Yield Corp Bond GBP Hedged UCITS ETF (GHYS.L) is 1.48%, while PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income (STHY.L) has a volatility of 2.07%. This indicates that GHYS.L experiences smaller price fluctuations and is considered to be less risky than STHY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GHYS.L | STHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 2.07% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 3.79% | 5.18% | -1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.40% | 6.69% | -2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.98% | 8.23% | -2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.15% | 9.76% | -2.61% |
GHYS.L vs. STHY.L - Expense Ratio Comparison
Both GHYS.L and STHY.L have an expense ratio of 0.55%.
Dividends
GHYS.L vs. STHY.L - Dividend Comparison
GHYS.L's dividend yield for the trailing twelve months is around 5.73%, less than STHY.L's 7.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHYS.L iShares Global High Yield Corp Bond GBP Hedged UCITS ETF | 5.73% | 5.68% | 5.78% | 5.36% | 4.41% | 3.78% | 4.08% | 5.03% | 4.89% | 4.58% | 4.91% | 5.65% |
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
GHYS.L and STHY.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GHYS.L and STHY.L have the same expense ratio: 0.55% per year.
GHYS.L tracks Markit iBoxx Global Developed Markets Liquid High Yield Capped Index (GBP Hedged), while STHY.L tracks ICE BofA 0-5 Year US High Yield Constrained Index. They also come from different issuers: iShares and PIMCO.
Find the right allocation for GHYS.L and STHY.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