HYEA.L vs. STHY.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) and PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income (STHY.L).

HYEA.L and STHY.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYEA.L is a passively managed fund by iShares that tracks the performance of the ICE BofA Gbl HY Constnd TR USD. It was launched on Oct 19, 2017. STHY.L is a passively managed fund by PIMCO that tracks the performance of the ICE BofA 0-5 Year US High Yield Constrained Index. It was launched on May 28, 2015. Both HYEA.L and STHY.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

HYEA.L vs. STHY.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 US Short-Term High Yield Corporate Bond Index UCITS ETF Income (STHY.L). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HYEA.L iShares Global High Yield Corporate Bond UCITS ETF	-0.12%	1.53%	9.22%	9.21%	-6.45%	8.26%	-1.76%	14.15%	0.72%	-1.89%
STHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income	1.52%	-4.28%	15.60%	8.30%	1.08%	12.17%	-4.68%	12.58%	4.01%	-2.15%

Different Trading Currencies

HYEA.L is traded in EUR, while STHY.L is traded in USD. To make them comparable, the STHY.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 -0.12% return, which is significantly lower than STHY.L's 1.52% return.

HYEA.L

• 1D: 0.42%
• 1M: -0.61%
• YTD: -0.12%
• 6M: 1.04%
• 1Y: 1.85%
• 3Y*: 5.93%
• 5Y*: 3.37%
• 10Y*: —

STHY.L

• 1D: 0.55%
• 1M: 0.86%
• YTD: 1.52%
• 6M: 2.91%
• 1Y: 0.32%
• 3Y*: 6.25%
• 5Y*: 5.51%
• 10Y*: 5.67%

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

HYEA.L vs. STHY.L - Expense Ratio Comparison

HYEA.L has a 0.50% expense ratio, which is lower than STHY.L's 0.55% expense ratio.

STHY.L

PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income

HYEA.L

iShares Global High Yield Corporate Bond UCITS ETF

Return for Risk

HYEA.L vs. STHY.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: 23
HYEA.L Sharpe Ratio Rank: 21
HYEA.L Sortino Ratio Rank: 18
HYEA.L Omega Ratio Rank: 19
HYEA.L Calmar Ratio Rank: 28
HYEA.L Martin Ratio Rank: 30

STHY.L

STHY.L Risk / Return Rank: 87
STHY.L Sharpe Ratio Rank: 85
STHY.L Sortino Ratio Rank: 86
STHY.L Omega Ratio Rank: 91
STHY.L Calmar Ratio Rank: 83
STHY.L Martin Ratio Rank: 92

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. STHY.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 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.

	HYEA.L	STHY.L	Difference
Sharpe ratio Return per unit of total volatility	0.36	0.04	+0.32
Sortino ratio Return per unit of downside risk	0.52	0.11	+0.41
Omega ratio Gain probability vs. loss probability	1.08	1.01	+0.06
Calmar ratio Return relative to maximum drawdown	0.79	0.12	+0.68
Martin ratio Return relative to average drawdown	2.93	0.31	+2.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current HYEA.L Sharpe Ratio is 0.36, which is higher than the STHY.L Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of HYEA.L and STHY.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HYEA.L	STHY.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.36	0.04	+0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.70	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.67	-0.14

Correlation

The correlation between HYEA.L and STHY.L is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

HYEA.L vs. STHY.L - Dividend Comparison

HYEA.L has not paid dividends to shareholders, while STHY.L's dividend yield for the trailing twelve months is around 7.04%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
STHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income	7.04%	7.17%	7.60%	6.36%	4.97%	4.58%	4.89%	5.10%	5.32%	5.21%	5.39%	5.29%

Drawdowns

HYEA.L vs. STHY.L - Drawdown Comparison

The maximum HYEA.L drawdown since its inception was -22.34%, roughly equal to the maximum STHY.L drawdown of -21.32%. Use the drawdown chart below to compare losses from any high point for HYEA.L and STHY.L.

Drawdown Indicators

	HYEA.L	STHY.L	Difference
Max Drawdown Largest peak-to-trough decline	-22.34%	-21.75%	-0.59%
Max Drawdown (1Y) Largest decline over 1 year	-4.21%	-3.69%	-0.52%
Max Drawdown (5Y) Largest decline over 5 years	-9.74%	-9.55%	-0.19%
Max Drawdown (10Y) Largest decline over 10 years	—	-21.75%	—
Current Drawdown Current decline from peak	-1.09%	-0.80%	-0.29%
Average Drawdown Average peak-to-trough decline	-2.65%	-1.43%	-1.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.71%	0.52%	+0.19%

Volatility

HYEA.L vs. STHY.L - Volatility Comparison

The current volatility for iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) is 1.36%, while PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income (STHY.L) has a volatility of 2.19%. This indicates that HYEA.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.

Volatility by Period

	HYEA.L	STHY.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.36%	2.19%	-0.83%
Volatility (6M) Calculated over the trailing 6-month period	2.58%	4.39%	-1.81%
Volatility (1Y) Calculated over the trailing 1-year period	5.11%	8.14%	-3.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.45%	7.88%	-2.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.98%	8.66%	-1.68%