SSHY.L vs. IUS7.DE
SSHY.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist) and IUS7.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)) are both exchange-traded funds - SSHY.L is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD, while IUS7.DE is a Emerging Markets Bonds fund tracking the JP Morgan EMBI Global Core. Both are passively managed. Over the past 10 years, SSHY.L returned 6.28%/yr vs 4.08%/yr for IUS7.DE. A 0.70 correlation means they provide meaningful diversification when combined. SSHY.L charges 0.55%/yr vs 0.45%/yr for IUS7.DE.
Performance
SSHY.L vs. IUS7.DE - Performance Comparison
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Different Trading Currencies
SSHY.L is traded in GBP, while IUS7.DE is traded in EUR. To make them comparable, the IUS7.DE 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 IUS7.DE's 2.16% return. Over the past 10 years, SSHY.L has outperformed IUS7.DE with an annualized return of 6.28%, while IUS7.DE has yielded a comparatively lower 4.08% 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%
IUS7.DE
- 1D
- 0.26%
- 1M
- 1.83%
- YTD
- 2.16%
- 6M
- 1.73%
- 1Y
- 12.26%
- 3Y*
- 6.91%
- 5Y*
- 3.01%
- 10Y*
- 4.08%
SSHY.L vs. IUS7.DE - 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% |
IUS7.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 2.16% | 6.40% | 6.87% | 4.64% | -8.40% | -1.71% | 1.39% | 12.61% | 0.23% | 0.74% |
Correlation
The correlation between SSHY.L and IUS7.DE 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 | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2013 | 0.70 |
The correlation between SSHY.L and IUS7.DE has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.
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Return for Risk
SSHY.L vs. IUS7.DE — Risk / Return Rank
SSHY.L
IUS7.DE
SSHY.L vs. IUS7.DE - 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 J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (IUS7.DE). 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 | IUS7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.36 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 3.14 | -0.90 |
| Martin ratioReturn relative to average drawdown | 6.90 | 9.02 | -2.12 |
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 | IUS7.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.98 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.33 | +0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.32 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.53 | +0.07 |
Drawdowns
SSHY.L vs. IUS7.DE - Drawdown Comparison
The maximum SSHY.L drawdown since its inception was -15.94%, smaller than the maximum IUS7.DE drawdown of -21.10%. Use the drawdown chart below to compare losses from any high point for SSHY.L and IUS7.DE.
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Drawdown Indicators
| SSHY.L | IUS7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.94% | -21.10% | +5.16% |
Max Drawdown (1Y)Largest decline over 1 year | -3.63% | -3.89% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -9.91% | -9.10% | -0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -10.24% | -14.23% | +3.99% |
Max Drawdown (10Y)Largest decline over 10 years | -15.94% | -21.10% | +5.16% |
Current DrawdownCurrent decline from peak | -0.89% | 0.00% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -4.30% | -6.10% | +1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 1.36% | -0.18% |
Volatility
SSHY.L vs. IUS7.DE - 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 J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (IUS7.DE) has a volatility of 1.81%. This indicates that SSHY.L experiences smaller price fluctuations and is considered to be less risky than IUS7.DE 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 | IUS7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 1.81% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 4.03% | 4.42% | -0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.67% | 6.17% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.58% | 8.92% | -1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.16% | 12.52% | -3.36% |
SSHY.L vs. IUS7.DE - Expense Ratio Comparison
SSHY.L has a 0.55% expense ratio, which is higher than IUS7.DE's 0.45% expense ratio.
Dividends
SSHY.L vs. IUS7.DE - Dividend Comparison
SSHY.L's dividend yield for the trailing twelve months is around 7.07%, more than IUS7.DE's 5.80% 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
SSHY.L and IUS7.DE 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, 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.
SSHY.L is categorized as High Yield Bonds, while IUS7.DE is Emerging Markets Bonds. SSHY.L tracks Bloomberg US Corporate High Yield TR USD, while IUS7.DE tracks JP Morgan EMBI Global Core. They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.55% for SSHY.L and 0.45% for IUS7.DE.
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