HYUS.L vs. STHY.L
HYUS.L (iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)) and STHY.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income) are both High Yield Bonds funds - HYUS.L tracks the Bloomberg US Corporate High Yield TR USD while STHY.L tracks the ICE BofA 0-5 Year US High Yield Constrained Index. Both are passively managed. Over the past 3 years, HYUS.L returned 8.87%/yr vs 8.69%/yr for STHY.L. A 0.75 correlation means they provide meaningful diversification when combined. HYUS.L charges 0.20%/yr vs 0.55%/yr for STHY.L.
Performance
HYUS.L vs. STHY.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HYUS.L achieves a 1.22% return, which is significantly lower than STHY.L's 1.38% return.
HYUS.L
- 1D
- -0.00%
- 1M
- 0.51%
- YTD
- 1.22%
- 6M
- 2.18%
- 1Y
- 6.91%
- 3Y*
- 8.87%
- 5Y*
- —
- 10Y*
- —
STHY.L
- 1D
- -0.09%
- 1M
- -0.09%
- YTD
- 1.38%
- 6M
- 2.02%
- 1Y
- 7.05%
- 3Y*
- 8.69%
- 5Y*
- 5.18%
- 10Y*
- 5.49%
HYUS.L vs. STHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HYUS.L iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 1.22% | 8.62% | 8.28% | 12.85% | -5.88% |
STHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income | 1.38% | 8.60% | 8.44% | 11.65% | -2.03% |
Correlation
The correlation between HYUS.L and STHY.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2022 | 0.75 |
The correlation between HYUS.L and STHY.L shifts across timeframes, from 0.59 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HYUS.L vs. STHY.L — Risk / Return Rank
HYUS.L
STHY.L
HYUS.L vs. STHY.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 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.
| HYUS.L | STHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.42 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 4.01 | -1.00 |
| Martin ratioReturn relative to average drawdown | 12.39 | 15.93 | -3.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| HYUS.L | STHY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 2.05 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.96 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.89 | -0.02 |
Drawdowns
HYUS.L vs. STHY.L - Drawdown Comparison
The maximum HYUS.L drawdown since its inception was -10.49%, smaller than the maximum STHY.L drawdown of -21.75%. Use the drawdown chart below to compare losses from any high point for HYUS.L and STHY.L.
Loading charts...
Drawdown Indicators
| HYUS.L | STHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.49% | -21.75% | +11.26% |
Max Drawdown (1Y)Largest decline over 1 year | -2.29% | -1.75% | -0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -5.06% | -4.66% | -0.40% |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.75% | — |
Current DrawdownCurrent decline from peak | -0.13% | -0.28% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -1.67% | -1.42% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.44% | +0.12% |
Volatility
HYUS.L vs. STHY.L - Volatility Comparison
iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.L) has a higher volatility of 1.39% compared to PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income (STHY.L) at 1.25%. This indicates that HYUS.L's price experiences larger fluctuations and is considered to be riskier than STHY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HYUS.L | STHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 1.25% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 2.84% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.75% | 3.44% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.69% | 5.41% | +1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.69% | 6.30% | +0.39% |
HYUS.L vs. STHY.L - Expense Ratio Comparison
HYUS.L has a 0.20% expense ratio, which is lower than STHY.L's 0.55% expense ratio.
Dividends
HYUS.L vs. STHY.L - Dividend Comparison
HYUS.L's dividend yield for the trailing twelve months is around 9.21%, more than STHY.L's 7.05% 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) | 9.21% | 7.38% | 7.54% | 6.30% | 1.52% | 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 | 7.05% | 7.17% | 7.60% | 6.36% | 4.97% | 4.58% | 4.89% | 5.10% | 5.32% | 5.21% | 5.39% | 5.29% |
Frequently Asked Questions
HYUS.L and STHY.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYUS.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYUS.L is cheaper with a 0.20% expense ratio, compared with 0.55% for STHY.L.
HYUS.L tracks Bloomberg US Corporate High Yield TR USD, while STHY.L tracks ICE BofA 0-5 Year US High Yield Constrained Index. They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.20% for HYUS.L and 0.55% for STHY.L.
Find the right allocation for HYUS.L and STHY.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer