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HYEA.L vs. STHS.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HYEA.L vs. STHS.L

Last updated Jul 16, 2026
Documentation

HYEA.L (iShares Global High Yield Corporate Bond UCITS ETF) and STHS.L (PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc) are both High Yield Bonds funds - HYEA.L tracks the ICE BofA Gbl HY Constnd TR USD while STHS.L tracks the PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc. Both are passively managed. Over the past 5 years, HYEA.L returned 3.75%/yr vs 4.90%/yr for STHS.L. At a 0.46 correlation, their price movements are largely independent.

Performance

HYEA.L vs. STHS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) and PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc (STHS.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

HYEA.L is traded in EUR, while STHS.L is traded in GBP. To make them comparable, the STHS.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, HYEA.L achieves a 3.05% return, which is significantly lower than STHS.L's 4.54% return.

HYEA.L

1D
0.00%
1M
0.90%
6M
2.38%
YTD
3.05%
1Y
5.75%
3Y*
6.96%
5Y*
3.75%
10Y*
—

STHS.L

1D
0.00%
1M
1.93%
6M
3.42%
YTD
4.54%
1Y
8.10%
3Y*
8.46%
5Y*
4.90%
10Y*
4.13%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HYEA.L vs. STHS.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HYEA.L
iShares Global High Yield Corporate Bond UCITS ETF		3.05%1.53%9.22%9.21%-6.45%8.26%-1.76%14.15%0.26%-16.08%
STHS.L
PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc		4.54%2.87%13.49%12.97%-10.49%10.81%-3.65%14.88%-3.58%0.21%

Correlation

The correlation between HYEA.L and STHS.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.34

Correlation (3Y)
Calculated over the trailing 3-year period

0.44

Correlation (5Y)
Calculated over the trailing 5-year period

0.50

Correlation (All Time)
Calculated using the full available price history since Oct 19, 2017

0.46

The correlation between HYEA.L and STHS.L shifts across timeframes, from 0.34 (1 year) to 0.50 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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iShares Global High Yield Corporate Bond UCITS ETF

PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc

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Return for Risk

HYEA.L vs. STHS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HYEA.L
HYEA.L Risk / Return Rank: 6767
Overall Rank
HYEA.L Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
HYEA.L Sortino Ratio Rank: 6666
Sortino Ratio Rank
HYEA.L Omega Ratio Rank: 5959
Omega Ratio Rank
HYEA.L Calmar Ratio Rank: 7575
Calmar Ratio Rank
HYEA.L Martin Ratio Rank: 7676
Martin Ratio Rank
STHS.L
STHS.L Risk / Return Rank: 8080
Overall Rank
STHS.L Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
STHS.L Sortino Ratio Rank: 8181
Sortino Ratio Rank
STHS.L Omega Ratio Rank: 7878
Omega Ratio Rank
STHS.L Calmar Ratio Rank: 8282
Calmar Ratio Rank
STHS.L Martin Ratio Rank: 8787
Martin Ratio Rank
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.

HYEA.L vs. STHS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) and PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc (STHS.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.

HYEA.LSTHS.LDifference
Sharpe ratioReturn per unit of total volatility
1.64
1.61

+0.03

Sortino ratioReturn per unit of downside risk
2.47
2.46

+0.01

Omega ratioGain probability vs. loss probability

1.30

1.30

0.00

Calmar ratioReturn relative to maximum drawdown

3.05

2.99

+0.06

Martin ratioReturn relative to average drawdown

11.25

10.00

+1.25

HYEA.L vs. STHS.L - Sharpe Ratio Comparison

The current HYEA.L Sharpe Ratio is 1.64, which is comparable to the STHS.L Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of HYEA.L and STHS.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

HYEA.L vs. STHS.L - Drawdown Comparison

The maximum HYEA.L drawdown since its inception was -22.83%, smaller than the maximum STHS.L drawdown of -30.84%. Use the drawdown chart below to compare losses from any high point for HYEA.L and STHS.L.

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Drawdown Indicators

HYEA.LSTHS.LDifference

Max Drawdown

Largest peak-to-trough decline

-22.83%

-30.84%

+8.01%

Max Drawdown (1Y)

Largest decline over 1 year

-1.89%

-2.79%

+0.90%

Max Drawdown (3Y)

Largest decline over 3 years

-6.63%

-9.33%

+2.70%

Max Drawdown (5Y)

Largest decline over 5 years

-9.74%

-15.11%

+5.37%

Max Drawdown (10Y)

Largest decline over 10 years

—

-30.84%

—

Current Drawdown

Current decline from peak

-0.48%

0.00%

-0.48%

Average Drawdown

Average peak-to-trough decline

-5.34%

-5.68%

+0.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.51%

0.84%

-0.33%

Volatility

HYEA.L vs. STHS.L - Volatility Comparison

iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) has a higher volatility of 1.40% compared to PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc (STHS.L) at 1.30%. This indicates that HYEA.L's price experiences larger fluctuations and is considered to be riskier than STHS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HYEA.LSTHS.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.40%

1.30%

+0.10%

Volatility (6M)

Calculated over the trailing 6-month period

2.59%

3.66%

-1.07%

Volatility (1Y)

Calculated over the trailing 1-year period

3.53%

5.20%

-1.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.45%

8.87%

-3.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.49%

10.12%

-1.63%

Dividends

HYEA.L vs. STHS.L - Dividend Comparison

HYEA.L has not paid dividends to shareholders, while STHS.L's dividend yield for the trailing twelve months is around 7.47%.

PositionTTM20252024202320222021202020192018201720162015
HYEA.L
iShares Global High Yield Corporate Bond UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
STHS.L
PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc		7.47%7.11%7.57%6.39%4.95%4.52%4.92%5.08%5.34%5.18%5.43%0.37%

Frequently Asked Questions

HYEA.L and STHS.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HYEA.L tracks ICE BofA Gbl HY Constnd TR USD, while STHS.L tracks PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc. They also come from different issuers: iShares and PIMCO.

Portfolio Optimizer

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