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

HYSD.L vs. STHS.L

Last updated Jul 16, 2026
Documentation

HYSD.L (iShares Broad $ 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 - HYSD.L tracks the iShares Broad $ 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 3 years, HYSD.L returned 8.23%/yr vs 8.15%/yr for STHS.L. A 0.73 correlation means they provide meaningful diversification when combined.

Performance

HYSD.L vs. STHS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Broad $ High Yield Corp Bond UCITS ETF (HYSD.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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Returns By Period

In the year-to-date period, HYSD.L achieves a 2.22% return, which is significantly higher than STHS.L's 2.04% return.

HYSD.L

1D
0.36%
1M
0.36%
6M
1.62%
YTD
2.22%
1Y
6.13%
3Y*
8.23%
5Y*
—
10Y*
—

STHS.L

1D
0.53%
1M
0.52%
6M
1.70%
YTD
2.04%
1Y
6.24%
3Y*
8.15%
5Y*
4.75%
10Y*
4.33%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022
HYSD.L
iShares Broad $ High Yield Corp Bond UCITS ETF		2.22%8.24%7.60%11.75%-3.60%
STHS.L
PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc		2.04%8.53%8.27%10.62%-0.86%

Correlation

The correlation between HYSD.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

0.69

Correlation (All Time)
Calculated using the full available price history since Aug 3, 2022

0.73

The correlation between HYSD.L and STHS.L has been stable across timeframes, ranging from 0.65 to 0.73 - a consistent structural relationship.

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iShares Broad $ High Yield Corp Bond UCITS ETF

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

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HYSD.L
HYSD.L Risk / Return Rank: 6464
Overall Rank
HYSD.L Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
HYSD.L Sortino Ratio Rank: 6262
Sortino Ratio Rank
HYSD.L Omega Ratio Rank: 6565
Omega Ratio Rank
HYSD.L Calmar Ratio Rank: 6363
Calmar Ratio Rank
HYSD.L Martin Ratio Rank: 7575
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.

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

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

HYSD.LSTHS.LDifference
Sharpe ratioReturn per unit of total volatility
1.57
1.84

-0.27

Sortino ratioReturn per unit of downside risk
2.35
2.90

-0.55

Omega ratioGain probability vs. loss probability

1.31

1.36

-0.05

Calmar ratioReturn relative to maximum drawdown

2.53

3.51

-0.99

Martin ratioReturn relative to average drawdown

11.10

14.46

-3.35

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

The current HYSD.L Sharpe Ratio is 1.57, which is comparable to the STHS.L Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of HYSD.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

HYSD.L vs. STHS.L - Drawdown Comparison

The maximum HYSD.L drawdown since its inception was -9.53%, smaller than the maximum STHS.L drawdown of -22.74%. Use the drawdown chart below to compare losses from any high point for HYSD.L and STHS.L.

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Drawdown Indicators

HYSD.LSTHS.LDifference

Max Drawdown

Largest peak-to-trough decline

-9.53%

-22.74%

+13.21%

Max Drawdown (1Y)

Largest decline over 1 year

-2.42%

-1.84%

-0.58%

Max Drawdown (3Y)

Largest decline over 3 years

-5.02%

-5.34%

+0.32%

Max Drawdown (5Y)

Largest decline over 5 years

—

-9.53%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-22.74%

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-1.50%

-1.66%

+0.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.55%

0.45%

+0.10%

Volatility

HYSD.L vs. STHS.L - Volatility Comparison

The current volatility for iShares Broad $ High Yield Corp Bond UCITS ETF (HYSD.L) is 0.97%, while PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc (STHS.L) has a volatility of 1.05%. This indicates that HYSD.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

HYSD.LSTHS.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.97%

1.05%

-0.08%

Volatility (6M)

Calculated over the trailing 6-month period

3.15%

2.88%

+0.27%

Volatility (1Y)

Calculated over the trailing 1-year period

3.89%

3.52%

+0.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.09%

6.32%

-0.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.09%

6.73%

-0.64%

Dividends

HYSD.L vs. STHS.L - Dividend Comparison

HYSD.L's dividend yield for the trailing twelve months is around 11.04%, more than STHS.L's 7.47% yield.

PositionTTM20252024202320222021202020192018201720162015
HYSD.L
iShares Broad $ High Yield Corp Bond UCITS ETF		11.04%7.39%7.39%5.61%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

HYSD.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.

HYSD.L tracks iShares Broad $ 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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