SSHY.L vs. DHYA.L
SSHY.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist) and DHYA.L (iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc)) are both High Yield Bonds funds tracking the Bloomberg US Corporate High Yield TR USD, from PIMCO and iShares respectively. Both are passively managed. Over the past 5 years, SSHY.L returned 6.31%/yr vs 4.90%/yr for DHYA.L. A 0.62 correlation means they provide meaningful diversification when combined. SSHY.L charges 0.55%/yr vs 0.25%/yr for DHYA.L.
Performance
SSHY.L vs. DHYA.L - Performance Comparison
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Different Trading Currencies
SSHY.L is traded in GBP, while DHYA.L is traded in USD. To make them comparable, the DHYA.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SSHY.L achieves a 1.51% return, which is significantly lower than DHYA.L's 1.61% return.
SSHY.L
- 1D
- 0.17%
- 1M
- 1.33%
- YTD
- 1.51%
- 6M
- 1.49%
- 1Y
- 8.19%
- 3Y*
- 5.91%
- 5Y*
- 6.31%
- 10Y*
- 6.28%
DHYA.L
- 1D
- -0.09%
- 1M
- 1.01%
- YTD
- 1.61%
- 6M
- 0.99%
- 1Y
- 7.69%
- 3Y*
- 5.95%
- 5Y*
- 4.90%
- 10Y*
- —
SSHY.L vs. DHYA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SSHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist | 1.51% | 1.40% | 10.17% | 5.51% | 6.56% | 5.70% | 0.33% | -0.53% |
DHYA.L iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) | 1.61% | 0.77% | 10.16% | 6.64% | -1.55% | 4.81% | 3.58% | -1.55% |
Correlation
The correlation between SSHY.L and DHYA.L is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2019 | 0.62 |
The correlation between SSHY.L and DHYA.L has been stable across timeframes, ranging from 0.62 to 0.67 - a consistent structural relationship.
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Return for Risk
SSHY.L vs. DHYA.L — Risk / Return Rank
SSHY.L
DHYA.L
SSHY.L vs. DHYA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.L) and iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) (DHYA.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.
| SSHY.L | DHYA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.22 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 1.94 | +0.30 |
| Martin ratioReturn relative to average drawdown | 6.90 | 5.99 | +0.91 |
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
| SSHY.L | DHYA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.22 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.54 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.36 | +0.24 |
Drawdowns
SSHY.L vs. DHYA.L - Drawdown Comparison
The maximum SSHY.L drawdown since its inception was -15.94%, which is greater than DHYA.L's maximum drawdown of -10.89%. Use the drawdown chart below to compare losses from any high point for SSHY.L and DHYA.L.
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Drawdown Indicators
| SSHY.L | DHYA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.94% | -10.89% | -5.05% |
Max Drawdown (1Y)Largest decline over 1 year | -3.63% | -3.94% | +0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -9.91% | -9.37% | -0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -10.24% | -10.40% | +0.16% |
Max Drawdown (10Y)Largest decline over 10 years | -15.94% | — | — |
Current DrawdownCurrent decline from peak | -0.89% | -1.07% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -4.30% | -3.62% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 1.28% | -0.10% |
Volatility
SSHY.L vs. DHYA.L - Volatility Comparison
The current volatility for PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.L) is 1.59%, while iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) (DHYA.L) has a volatility of 1.78%. This indicates that SSHY.L experiences smaller price fluctuations and is considered to be less risky than DHYA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSHY.L | DHYA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 1.78% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 4.03% | 4.95% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.67% | 6.28% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.58% | 9.04% | -1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.16% | 11.05% | -1.89% |
SSHY.L vs. DHYA.L - Expense Ratio Comparison
SSHY.L has a 0.55% expense ratio, which is higher than DHYA.L's 0.25% expense ratio.
Dividends
SSHY.L vs. DHYA.L - Dividend Comparison
SSHY.L's dividend yield for the trailing twelve months is around 7.07%, while DHYA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHYA.L iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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 | 7.07% | 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
SSHY.L and DHYA.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DHYA.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DHYA.L is cheaper with a 0.25% expense ratio, compared with 0.55% for SSHY.L.
Both ETFs track Bloomberg US Corporate High Yield TR USD. They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.55% for SSHY.L and 0.25% for DHYA.L.
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