SSHY.L vs. HDEU.L
SSHY.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist) and HDEU.L (PowerShares EURO STOXX High Dividend Low Volatility UCITS) are both exchange-traded funds - SSHY.L is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD, while HDEU.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, SSHY.L returned 6.28%/yr vs 9.21%/yr for HDEU.L. At a 0.25 correlation, their price movements are largely independent. SSHY.L charges 0.55%/yr vs 0.30%/yr for HDEU.L.
Performance
SSHY.L vs. HDEU.L - Performance Comparison
Loading charts...
Different Trading Currencies
SSHY.L is traded in GBP, while HDEU.L is traded in EUR. To make them comparable, the HDEU.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 HDEU.L's 9.45% return. Over the past 10 years, SSHY.L has underperformed HDEU.L with an annualized return of 6.28%, while HDEU.L has yielded a comparatively higher 9.21% annualized 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%
HDEU.L
- 1D
- -0.17%
- 1M
- 0.90%
- YTD
- 9.45%
- 6M
- 11.03%
- 1Y
- 24.34%
- 3Y*
- 20.33%
- 5Y*
- 12.89%
- 10Y*
- 9.21%
SSHY.L vs. HDEU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 6.66% | 5.07% | -3.96% |
HDEU.L PowerShares EURO STOXX High Dividend Low Volatility UCITS | 9.45% | 43.14% | 5.17% | 11.31% | -3.49% | 13.90% | -13.33% | 10.68% | -7.27% | 14.71% |
Correlation
The correlation between SSHY.L and HDEU.L is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2016 | 0.25 |
Over the past year, the correlation between SSHY.L and HDEU.L has dropped to 0.04 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.
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
SSHY.L vs. HDEU.L — Risk / Return Rank
SSHY.L
HDEU.L
SSHY.L vs. HDEU.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 PowerShares EURO STOXX High Dividend Low Volatility UCITS (HDEU.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 | HDEU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.43 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 3.38 | -1.14 |
| Martin ratioReturn relative to average drawdown | 6.90 | 11.58 | -4.68 |
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
| SSHY.L | HDEU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 2.30 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.92 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.58 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.60 | 0.00 |
Drawdowns
SSHY.L vs. HDEU.L - Drawdown Comparison
The maximum SSHY.L drawdown since its inception was -15.94%, smaller than the maximum HDEU.L drawdown of -35.89%. Use the drawdown chart below to compare losses from any high point for SSHY.L and HDEU.L.
Loading charts...
Drawdown Indicators
| SSHY.L | HDEU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.94% | -35.89% | +19.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.63% | -7.16% | +3.53% |
Max Drawdown (3Y)Largest decline over 3 years | -9.91% | -11.63% | +1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -10.24% | -19.85% | +9.61% |
Max Drawdown (10Y)Largest decline over 10 years | -15.94% | -35.89% | +19.95% |
Current DrawdownCurrent decline from peak | -0.89% | -2.02% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -4.30% | -5.39% | +1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 2.10% | -0.92% |
Volatility
SSHY.L vs. HDEU.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 PowerShares EURO STOXX High Dividend Low Volatility UCITS (HDEU.L) has a volatility of 3.24%. This indicates that SSHY.L experiences smaller price fluctuations and is considered to be less risky than HDEU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SSHY.L | HDEU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 3.24% | -1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 4.03% | 8.18% | -4.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.67% | 10.52% | -4.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.58% | 13.95% | -6.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.16% | 16.05% | -6.89% |
SSHY.L vs. HDEU.L - Expense Ratio Comparison
SSHY.L has a 0.55% expense ratio, which is higher than HDEU.L's 0.30% expense ratio.
Dividends
SSHY.L vs. HDEU.L - Dividend Comparison
SSHY.L's dividend yield for the trailing twelve months is around 7.07%, more than HDEU.L's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDEU.L PowerShares EURO STOXX High Dividend Low Volatility UCITS | 3.98% | 4.71% | 5.77% | 5.56% | 5.60% | 4.21% | 3.04% | 4.50% | 4.38% | 3.44% | 3.59% | 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 HDEU.L have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HDEU.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HDEU.L is cheaper with a 0.30% expense ratio, compared with 0.55% for SSHY.L.
SSHY.L is categorized as High Yield Bonds, while HDEU.L is Europe Equities. SSHY.L tracks Bloomberg US Corporate High Yield TR USD, while HDEU.L tracks MSCI EMU NR EUR. They also come from different issuers: PIMCO and Invesco. Their fees differ too: 0.55% for SSHY.L and 0.30% for HDEU.L.
Find the right allocation for SSHY.L and HDEU.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