IUS7.DE vs. SSHY.L
IUS7.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)) and SSHY.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist) are both exchange-traded funds - IUS7.DE is a Emerging Markets Bonds fund tracking the JP Morgan EMBI Global Core, while SSHY.L is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 10 years, IUS7.DE returned 3.08%/yr vs 5.28%/yr for SSHY.L. A 0.65 correlation means they provide meaningful diversification when combined. IUS7.DE charges 0.45%/yr vs 0.55%/yr for SSHY.L.
Performance
IUS7.DE vs. SSHY.L - Performance Comparison
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Different Trading Currencies
IUS7.DE is traded in EUR, while SSHY.L is traded in GBP. To make them comparable, the SSHY.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IUS7.DE achieves a 2.97% return, which is significantly higher than SSHY.L's 2.42% return. Over the past 10 years, IUS7.DE has underperformed SSHY.L with an annualized return of 3.08%, while SSHY.L has yielded a comparatively higher 5.28% annualized return.
IUS7.DE
- 1D
- 0.14%
- 1M
- 1.60%
- YTD
- 2.97%
- 6M
- 2.72%
- 1Y
- 9.31%
- 3Y*
- 6.75%
- 5Y*
- 2.86%
- 10Y*
- 3.08%
SSHY.L
- 1D
- 0.08%
- 1M
- 1.13%
- YTD
- 2.42%
- 6M
- 2.51%
- 1Y
- 5.36%
- 3Y*
- 5.75%
- 5Y*
- 6.17%
- 10Y*
- 5.28%
IUS7.DE vs. SSHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUS7.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 2.97% | 1.14% | 11.74% | 6.77% | -13.16% | 5.75% | -4.03% | 18.79% | -1.16% | -3.39% |
SSHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist | 2.42% | -3.89% | 15.48% | 7.74% | 1.06% | 12.58% | -5.12% | 13.45% | 3.77% | -7.74% |
Correlation
The correlation between IUS7.DE and SSHY.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 | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2013 | 0.65 |
The correlation between IUS7.DE and SSHY.L has been stable across timeframes, ranging from 0.61 to 0.65 - a consistent structural relationship.
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Return for Risk
IUS7.DE vs. SSHY.L — Risk / Return Rank
IUS7.DE
SSHY.L
IUS7.DE vs. SSHY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (IUS7.DE) 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.
| IUS7.DE | SSHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.17 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 1.82 | +1.18 |
| Martin ratioReturn relative to average drawdown | 9.17 | 5.14 | +4.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IUS7.DE | SSHY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 0.93 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.81 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.62 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.60 | +0.02 |
Drawdowns
IUS7.DE vs. SSHY.L - Drawdown Comparison
The maximum IUS7.DE drawdown since its inception was -27.13%, which is greater than SSHY.L's maximum drawdown of -21.26%. Use the drawdown chart below to compare losses from any high point for IUS7.DE and SSHY.L.
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Drawdown Indicators
| IUS7.DE | SSHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.13% | -21.26% | -5.87% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -2.93% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -12.95% | -12.01% | -0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -15.90% | -12.01% | -3.89% |
Max Drawdown (10Y)Largest decline over 10 years | -27.13% | -21.26% | -5.87% |
Current DrawdownCurrent decline from peak | 0.00% | -3.52% | +3.52% |
Average DrawdownAverage peak-to-trough decline | -6.48% | -4.43% | -2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 1.04% | -0.03% |
Volatility
IUS7.DE vs. SSHY.L - Volatility Comparison
iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (IUS7.DE) and PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.L) have volatilities of 1.24% and 1.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUS7.DE | SSHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.29% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 4.03% | 3.88% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.97% | 5.73% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.56% | 7.60% | +0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.02% | 8.52% | +2.50% |
IUS7.DE vs. SSHY.L - Expense Ratio Comparison
IUS7.DE has a 0.45% expense ratio, which is lower than SSHY.L's 0.55% expense ratio.
Dividends
IUS7.DE vs. SSHY.L - Dividend Comparison
IUS7.DE's dividend yield for the trailing twelve months is around 5.80%, less than SSHY.L's 7.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUS7.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 5.80% | 6.10% | 5.62% | 5.77% | 5.63% | 3.80% | 4.17% | 4.72% | 4.70% | 5.11% | 5.29% | 4.71% |
SSHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist | 7.07% | 7.33% | 7.48% | 6.52% | 4.86% | 4.47% | 5.24% | 5.27% | 5.10% | 5.48% | 4.92% | 5.11% |
Frequently Asked Questions
IUS7.DE and SSHY.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.
On fees, IUS7.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUS7.DE is cheaper with a 0.45% expense ratio, compared with 0.55% for SSHY.L.
IUS7.DE is categorized as Emerging Markets Bonds, while SSHY.L is High Yield Bonds. IUS7.DE tracks JP Morgan EMBI Global Core, while SSHY.L tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.45% for IUS7.DE and 0.55% for SSHY.L.
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