HYUS.L vs. STHS.L

Last updated Jul 16, 2026

HYUS.L (iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)) and STHS.L (PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc) are both High Yield Bonds funds - HYUS.L tracks the Bloomberg US Corporate High Yield 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 3 years, HYUS.L returned 8.37%/yr vs 9.21%/yr for STHS.L. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

HYUS.L vs. STHS.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 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.

Different Trading Currencies

HYUS.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, HYUS.L achieves a 1.44% return, which is significantly lower than STHS.L's 2.09% return.

HYUS.L

• 1D: 0.00%
• 1M: 0.00%
• 6M: 1.44%
• YTD: 1.44%
• 1Y: 5.89%
• 3Y*: 8.37%
• 5Y*: —
• 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)

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

	2026 (YTD)	2025	2024	2023	2022
HYUS.L iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)	1.44%	8.55%	8.46%	12.87%	-6.58%
STHS.L PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc	2.09%	16.72%	6.47%	16.46%	-11.32%

Correlation

The correlation between HYUS.L and STHS.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022	0.53

The correlation between HYUS.L and STHS.L has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.

Return for Risk

HYUS.L vs. STHS.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: 58
HYUS.L Sharpe Ratio Rank: 47
HYUS.L Sortino Ratio Rank: 51
HYUS.L Omega Ratio Rank: 49
HYUS.L Calmar Ratio Rank: 69
HYUS.L Martin Ratio Rank: 73

STHS.L

STHS.L Risk / Return Rank: 80
STHS.L Sharpe Ratio Rank: 72
STHS.L Sortino Ratio Rank: 81
STHS.L Omega Ratio Rank: 78
STHS.L Calmar Ratio Rank: 82
STHS.L Martin Ratio Rank: 87

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. STHS.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 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.

	HYUS.L	STHS.L	Difference
Sharpe ratio: Return per unit of total volatility	1.37	0.85	+0.52
Sortino ratio: Return per unit of downside risk	2.07	1.28	+0.79
Omega ratio: Gain probability vs. loss probability	1.26	1.15	+0.11
Calmar ratio: Return relative to maximum drawdown	2.79	1.08	+1.71
Martin ratio: Return relative to average drawdown	10.82	2.74	+8.09

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

The current HYUS.L Sharpe Ratio is 1.37, which is higher than the STHS.L Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of HYUS.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.

Drawdowns

HYUS.L vs. STHS.L - Drawdown Comparison

The maximum HYUS.L drawdown since its inception was -11.00%, smaller than the maximum STHS.L drawdown of -34.30%. Use the drawdown chart below to compare losses from any high point for HYUS.L and STHS.L.

Drawdown Indicators

	HYUS.L	STHS.L	Difference
Max Drawdown Largest peak-to-trough decline	-11.00%	-34.30%	+23.30%
Max Drawdown (1Y) Largest decline over 1 year	-2.10%	-6.28%	+4.18%
Max Drawdown (3Y) Largest decline over 3 years	-5.23%	-8.43%	+3.20%
Max Drawdown (5Y) Largest decline over 5 years	—	-29.82%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.30%	—
Current Drawdown Current decline from peak	-0.63%	-1.25%	+0.62%
Average Drawdown Average peak-to-trough decline	-1.84%	-7.38%	+5.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.54%	2.49%	-1.95%

Volatility

HYUS.L vs. STHS.L - Volatility Comparison

The current volatility for iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.L) is 1.17%, 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 HYUS.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.

Volatility by Period

	HYUS.L	STHS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.17%	1.99%	-0.82%
Volatility (6M) Calculated over the trailing 6-month period	3.27%	6.09%	-2.82%
Volatility (1Y) Calculated over the trailing 1-year period	4.29%	8.02%	-3.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.86%	12.10%	-5.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.86%	12.40%	-5.54%

Dividends

HYUS.L vs. STHS.L - Dividend Comparison

HYUS.L's dividend yield for the trailing twelve months is around 9.19%, more than STHS.L's 7.47% yield.

Position	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)	9.19%	7.38%	7.53%	6.31%	1.53%	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

Can I hold both HYUS.L and STHS.L in my portfolio?

HYUS.L and STHS.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between HYUS.L and STHS.L?

HYUS.L tracks Bloomberg US Corporate High Yield 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.