HYUS.L vs. SSHY.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.L) and PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.L).

HYUS.L and SSHY.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYUS.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Corporate High Yield TR USD. It was launched on Apr 5, 2022. SSHY.L is a passively managed fund by PIMCO that tracks the performance of the Bloomberg US Corporate High Yield TR USD. It was launched on Mar 14, 2012. Both HYUS.L and SSHY.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

HYUS.L vs. SSHY.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.L) and PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.L). The values are adjusted to include any dividend payments, if applicable.

HYUS.L vs. SSHY.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HYUS.L iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)	-0.54%	8.62%	8.28%	12.85%	-5.88%
SSHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist	-0.22%	9.05%	8.33%	11.07%	-1.85%

Different Trading Currencies

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

Returns By Period

In the year-to-date period, HYUS.L achieves a -0.54% return, which is significantly lower than SSHY.L's -0.22% return.

HYUS.L

• 1D: 0.41%
• 1M: -0.50%
• YTD: -0.54%
• 6M: 1.14%
• 1Y: 7.13%
• 3Y*: 8.56%
• 5Y*: —
• 10Y*: —

SSHY.L

• 1D: 0.51%
• 1M: -0.08%
• YTD: -0.22%
• 6M: 1.44%
• 1Y: 7.29%
• 3Y*: 8.64%
• 5Y*: 5.12%
• 10Y*: 5.79%

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

HYUS.L vs. SSHY.L - Expense Ratio Comparison

HYUS.L has a 0.20% expense ratio, which is lower than SSHY.L's 0.55% expense ratio.

SSHY.L

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

HYUS.L

iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)

Return for Risk

HYUS.L vs. SSHY.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYUS.L

HYUS.L Risk / Return Rank: 76
HYUS.L Sharpe Ratio Rank: 71
HYUS.L Sortino Ratio Rank: 72
HYUS.L Omega Ratio Rank: 76
HYUS.L Calmar Ratio Rank: 76
HYUS.L Martin Ratio Rank: 86

SSHY.L

SSHY.L Risk / Return Rank: 33
SSHY.L Sharpe Ratio Rank: 31
SSHY.L Sortino Ratio Rank: 28
SSHY.L Omega Ratio Rank: 27
SSHY.L Calmar Ratio Rank: 46
SSHY.L Martin Ratio Rank: 34

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.

HYUS.L vs. SSHY.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.L) and PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.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.

	HYUS.L	SSHY.L	Difference
Sharpe ratio Return per unit of total volatility	1.32	1.25	+0.07
Sortino ratio Return per unit of downside risk	1.89	1.78	+0.11
Omega ratio Gain probability vs. loss probability	1.30	1.23	+0.07
Calmar ratio Return relative to maximum drawdown	2.21	2.56	-0.35
Martin ratio Return relative to average drawdown	11.01	10.46	+0.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYUS.L vs. SSHY.L - Sharpe Ratio Comparison

The current HYUS.L Sharpe Ratio is 1.32, which is comparable to the SSHY.L Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of HYUS.L and SSHY.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

	HYUS.L	SSHY.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	1.25	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.77	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.62	+0.21

Correlation

The correlation between HYUS.L and SSHY.L is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

HYUS.L vs. SSHY.L - Dividend Comparison

HYUS.L's dividend yield for the trailing twelve months is around 7.49%, more than SSHY.L's 7.02% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYUS.L iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)	7.49%	7.38%	7.54%	6.30%	1.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SSHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist	7.02%	7.33%	7.48%	6.52%	4.86%	4.47%	5.24%	5.27%	5.10%	5.48%	4.92%	5.11%

Drawdowns

HYUS.L vs. SSHY.L - Drawdown Comparison

The maximum HYUS.L drawdown since its inception was -10.49%, smaller than the maximum SSHY.L drawdown of -21.77%. Use the drawdown chart below to compare losses from any high point for HYUS.L and SSHY.L.

Drawdown Indicators

	HYUS.L	SSHY.L	Difference
Max Drawdown Largest peak-to-trough decline	-10.49%	-15.94%	+5.45%
Max Drawdown (1Y) Largest decline over 1 year	-4.22%	-4.37%	+0.15%
Max Drawdown (5Y) Largest decline over 5 years	—	-10.24%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-15.94%	—
Current Drawdown Current decline from peak	-1.21%	-1.47%	+0.26%
Average Drawdown Average peak-to-trough decline	-1.72%	-4.33%	+2.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.64%	1.41%	-0.77%

Volatility

HYUS.L vs. SSHY.L - Volatility Comparison

The current volatility for iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.L) is 1.57%, while PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.L) has a volatility of 1.90%. This indicates that HYUS.L experiences smaller price fluctuations and is considered to be less risky than SSHY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYUS.L	SSHY.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.57%	1.90%	-0.33%
Volatility (6M) Calculated over the trailing 6-month period	2.80%	3.65%	-0.85%
Volatility (1Y) Calculated over the trailing 1-year period	5.37%	5.80%	-0.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.76%	6.63%	+0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.76%	7.45%	-0.69%