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

HYLA.L vs. STHS.L

Last updated Jul 16, 2026
Documentation

HYLA.L (iShares Global High Yield Corp 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 - HYLA.L tracks the iShares Global High Yield Corp Bond UCITS ETF 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, HYLA.L returned 3.15%/yr vs 4.30%/yr for STHS.L. A 0.64 correlation means they provide meaningful diversification when combined.

Performance

HYLA.L vs. STHS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global High Yield Corp Bond UCITS ETF (HYLA.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

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

Returns By Period

In the year-to-date period, HYLA.L achieves a 0.70% return, which is significantly lower than STHS.L's 2.09% return.

HYLA.L

1D
0.12%
1M
-0.32%
6M
0.56%
YTD
0.70%
1Y
4.54%
3Y*
7.76%
5Y*
3.15%
10Y*
—

STHS.L

1D
0.00%
1M
0.89%
6M
1.88%
YTD
2.09%
1Y
6.90%
3Y*
9.21%
5Y*
4.30%
10Y*
4.50%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
HYLA.L
iShares Global High Yield Corp Bond UCITS ETF		0.70%14.45%2.59%13.39%-11.81%-0.14%7.57%11.83%-3.50%-0.18%
STHS.L
PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc		2.09%16.72%6.47%16.46%-15.71%3.10%5.01%12.34%-7.90%2.00%

Correlation

The correlation between HYLA.L and STHS.L is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.65

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

0.68

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

0.72

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

0.64

The correlation between HYLA.L and STHS.L has been stable across timeframes, ranging from 0.64 to 0.72 - a consistent structural relationship.

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iShares Global High Yield Corp Bond UCITS ETF

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

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HYLA.L
HYLA.L Risk / Return Rank: 2323
Overall Rank
HYLA.L Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
HYLA.L Sortino Ratio Rank: 2222
Sortino Ratio Rank
HYLA.L Omega Ratio Rank: 2121
Omega Ratio Rank
HYLA.L Calmar Ratio Rank: 2323
Calmar Ratio Rank
HYLA.L Martin Ratio Rank: 2727
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corp Bond UCITS ETF (HYLA.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.

HYLA.LSTHS.LDifference
Sharpe ratioReturn per unit of total volatility
0.69
0.85

-0.15

Sortino ratioReturn per unit of downside risk
1.03
1.28

-0.25

Omega ratioGain probability vs. loss probability

1.13

1.15

-0.02

Calmar ratioReturn relative to maximum drawdown

0.88

1.08

-0.21

Martin ratioReturn relative to average drawdown

2.95

2.74

+0.21

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

The current HYLA.L Sharpe Ratio is 0.69, which is comparable to the STHS.L Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of HYLA.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

HYLA.L vs. STHS.L - Drawdown Comparison

The maximum HYLA.L drawdown since its inception was -24.42%, smaller than the maximum STHS.L drawdown of -34.30%. Use the drawdown chart below to compare losses from any high point for HYLA.L and STHS.L.

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Drawdown Indicators

HYLA.LSTHS.LDifference

Max Drawdown

Largest peak-to-trough decline

-24.42%

-34.30%

+9.88%

Max Drawdown (1Y)

Largest decline over 1 year

-4.62%

-6.28%

+1.66%

Max Drawdown (3Y)

Largest decline over 3 years

-5.65%

-8.43%

+2.78%

Max Drawdown (5Y)

Largest decline over 5 years

-22.93%

-29.82%

+6.89%

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.30%

—

Current Drawdown

Current decline from peak

-1.04%

-1.25%

+0.21%

Average Drawdown

Average peak-to-trough decline

-4.11%

-7.38%

+3.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.38%

2.49%

-1.11%

Volatility

HYLA.L vs. STHS.L - Volatility Comparison

The current volatility for iShares Global High Yield Corp Bond UCITS ETF (HYLA.L) is 1.39%, while PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc (STHS.L) has a volatility of 1.99%. This indicates that HYLA.L experiences smaller price fluctuations and is considered to be less risky 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

HYLA.LSTHS.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.39%

1.99%

-0.60%

Volatility (6M)

Calculated over the trailing 6-month period

4.67%

6.09%

-1.42%

Volatility (1Y)

Calculated over the trailing 1-year period

5.86%

8.02%

-2.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.19%

12.10%

-3.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.25%

12.40%

-3.15%

Dividends

HYLA.L vs. STHS.L - Dividend Comparison

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

PositionTTM20252024202320222021202020192018201720162015
HYLA.L
iShares Global High Yield Corp 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

HYLA.L and STHS.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HYLA.L tracks iShares Global High Yield Corp Bond UCITS ETF, 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.

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