SDHY.L vs. STHS.L
SDHY.L ( iShares $ Short Duration High Yield Corp 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 - SDHY.L tracks the Markit iBoxx USD Liquid High Yield 0-5 Capped Index 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 10 years, SDHY.L returned 4.76%/yr vs 4.50%/yr for STHS.L. At a 0.49 correlation, their price movements are largely independent.
Performance
SDHY.L vs. STHS.L - Performance Comparison
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Different Trading Currencies
SDHY.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
The year-to-date returns for both investments are quite close, with SDHY.L having a 2.01% return and STHS.L slightly higher at 2.09%. Over the past 10 years, SDHY.L has outperformed STHS.L with an annualized return of 4.76%, while STHS.L has yielded a comparatively lower 4.50% annualized return.
SDHY.L
- 1D
- 0.30%
- 1M
- 0.14%
- 6M
- 1.88%
- YTD
- 2.01%
- 1Y
- 6.41%
- 3Y*
- 7.37%
- 5Y*
- 4.65%
- 10Y*
- 4.76%
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%
SDHY.L vs. STHS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SDHY.L iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist | 2.01% | 8.90% | 6.50% | 8.75% | -3.27% | 3.42% | 4.07% | 9.61% | 0.27% | 4.27% |
STHS.L PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc | 2.09% | 16.72% | 6.47% | 16.46% | -15.71% | 3.10% | 5.01% | 12.34% | -7.90% | 14.29% |
Correlation
The correlation between SDHY.L and STHS.L is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2015 | 0.49 |
The correlation between SDHY.L and STHS.L has been stable across timeframes, ranging from 0.48 to 0.57 - a consistent structural relationship.
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Return for Risk
SDHY.L vs. STHS.L — Risk / Return Rank
SDHY.L
STHS.L
SDHY.L vs. STHS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist (SDHY.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.
| SDHY.L | STHS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.15 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 1.08 | +2.41 |
| Martin ratioReturn relative to average drawdown | 15.20 | 2.74 | +12.46 |
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Drawdowns
SDHY.L vs. STHS.L - Drawdown Comparison
The maximum SDHY.L drawdown since its inception was -18.94%, smaller than the maximum STHS.L drawdown of -34.30%. Use the drawdown chart below to compare losses from any high point for SDHY.L and STHS.L.
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Drawdown Indicators
| SDHY.L | STHS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.94% | -34.30% | +15.36% |
Max Drawdown (1Y)Largest decline over 1 year | -1.83% | -6.28% | +4.45% |
Max Drawdown (3Y)Largest decline over 3 years | -4.51% | -8.43% | +3.92% |
Max Drawdown (5Y)Largest decline over 5 years | -8.41% | -29.82% | +21.41% |
Max Drawdown (10Y)Largest decline over 10 years | -18.94% | -34.30% | +15.36% |
Current DrawdownCurrent decline from peak | -0.03% | -1.25% | +1.22% |
Average DrawdownAverage peak-to-trough decline | -1.27% | -7.38% | +6.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 2.49% | -2.07% |
Volatility
SDHY.L vs. STHS.L - Volatility Comparison
The current volatility for iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist (SDHY.L) is 1.01%, 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 SDHY.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
| SDHY.L | STHS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.99% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | 6.09% | -3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.46% | 8.02% | -4.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.47% | 12.10% | -6.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.29% | 12.40% | -6.11% |
Dividends
SDHY.L vs. STHS.L - Dividend Comparison
SDHY.L's dividend yield for the trailing twelve months is around 6.73%, less than STHS.L's 7.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDHY.L iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist | 6.73% | 6.59% | 6.41% | 5.64% | 4.31% | 4.24% | 4.80% | 5.26% | 5.48% | 5.42% | 5.68% | 5.05% |
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
SDHY.L and STHS.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDHY.L tracks Markit iBoxx USD Liquid High Yield 0-5 Capped Index, 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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