SSHY.L vs. FAHY.L
Compare and contrast key facts about PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.L) and Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.L).
SSHY.L and FAHY.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SSHY.L is a passively managed fund by PIMCO that tracks the performance of the Bloomberg US Corporate High Yield TR USD. It was launched on Mar 14, 2012. FAHY.L is a passively managed fund by Invesco that tracks the performance of the Bloomberg US Corporate High Yield TR USD. It was launched on Sep 1, 2016. Both SSHY.L and FAHY.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SSHY.L or FAHY.L.
Key characteristics
| SSHY.L | FAHY.L | |
|---|---|---|
| YTD Return | 1.49% | 6.07% |
| 1Y Return | 1.86% | 9.53% |
| 3Y Return (Ann) | 3.05% | 1.99% |
| 5Y Return (Ann) | 2.94% | 4.02% |
| Sharpe Ratio | 0.39 | 1.53 |
| Sortino Ratio | 0.62 | 2.50 |
| Omega Ratio | 1.07 | 1.28 |
| Calmar Ratio | 0.24 | 1.20 |
| Martin Ratio | 1.15 | 7.44 |
| Ulcer Index | 2.03% | 1.24% |
| Daily Std Dev | 6.01% | 5.98% |
| Max Drawdown | -15.94% | -23.91% |
| Current Drawdown | -4.78% | 0.00% |
Correlation
The correlation between SSHY.L and FAHY.L is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SSHY.L vs. FAHY.L - Performance Comparison
In the year-to-date period, SSHY.L achieves a 1.49% return, which is significantly lower than FAHY.L's 6.07% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SSHY.L vs. FAHY.L - Expense Ratio Comparison
SSHY.L has a 0.55% expense ratio, which is higher than FAHY.L's 0.45% expense ratio.
Risk-Adjusted Performance
SSHY.L vs. FAHY.L - Risk-Adjusted Performance 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 Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.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.
Dividends
SSHY.L vs. FAHY.L - Dividend Comparison
SSHY.L has not paid dividends to shareholders, while FAHY.L's dividend yield for the trailing twelve months is around 6.92%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist | 0.00% | 2.49% | 4.86% | 4.47% | 5.24% | 5.27% | 5.10% | 5.89% | 6.63% | 7.85% | 7.04% | 1.85% |
FAHY.L Invesco US High Yield Fallen Angels UCITS ETF Dist | 6.92% | 6.85% | 5.66% | 4.54% | 6.26% | 6.22% | 6.01% | 5.63% | 1.23% | 0.00% | 0.00% | 0.00% |
Drawdowns
SSHY.L vs. FAHY.L - Drawdown Comparison
The maximum SSHY.L drawdown since its inception was -15.94%, smaller than the maximum FAHY.L drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for SSHY.L and FAHY.L. For additional features, visit the drawdowns tool.
Volatility
SSHY.L vs. FAHY.L - Volatility Comparison
PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.L) and Invesco US High Yield Fallen Angels UCITS ETF Dist (FAHY.L) have volatilities of 1.44% and 1.46%, 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.