SSHY.L vs. QUID.L

Last updated Jul 16, 2026

SSHY.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist) and QUID.L (PIMCO Sterling Short Maturity UCITS ETF) are both exchange-traded funds - SSHY.L is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD, while QUID.L is a Global Equities fund tracking the PIMCO Sterling Short Maturity UCITS ETF. Both are passively managed. Over the past 10 years, SSHY.L returned 5.06%/yr vs 2.00%/yr for QUID.L. At a 0.03 correlation, their price movements are largely independent.

Performance

SSHY.L vs. QUID.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.L) and PIMCO Sterling Short Maturity UCITS ETF (QUID.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SSHY.L achieves a 1.37% return, which is significantly lower than QUID.L's 2.18% return. Over the past 10 years, SSHY.L has outperformed QUID.L with an annualized return of 5.06%, while QUID.L has yielded a comparatively lower 2.00% annualized return.

SSHY.L

• 1D: -0.54%
• 1M: -0.43%
• 6M: 0.80%
• YTD: 1.37%
• 1Y: 5.38%
• 3Y*: 7.23%
• 5Y*: 5.59%
• 10Y*: 5.06%

QUID.L

• 1D: 0.10%
• 1M: 0.36%
• 6M: 1.97%
• YTD: 2.18%
• 1Y: 4.36%
• 3Y*: 5.10%
• 5Y*: 3.28%
• 10Y*: 2.00%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SSHY.L vs. QUID.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	1.37%	1.40%	10.17%	5.50%	6.56%	5.71%	0.33%	6.66%	5.06%	-3.95%
QUID.L PIMCO Sterling Short Maturity UCITS ETF	2.18%	4.89%	5.67%	4.95%	-0.96%	-0.07%	0.71%	1.57%	0.26%	0.52%

Correlation

The correlation between SSHY.L and QUID.L is 0.00, 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	0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.00
Correlation (10Y) Calculated over the trailing 10-year period	0.03
Correlation (All Time) Calculated using the full available price history since Mar 14, 2012	0.03

Return for Risk

SSHY.L vs. QUID.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SSHY.L

SSHY.L Risk / Return Rank: 32
SSHY.L Sharpe Ratio Rank: 31
SSHY.L Sortino Ratio Rank: 30
SSHY.L Omega Ratio Rank: 28
SSHY.L Calmar Ratio Rank: 35
SSHY.L Martin Ratio Rank: 35

QUID.L

QUID.L Risk / Return Rank: 99
QUID.L Sharpe Ratio Rank: 99
QUID.L Sortino Ratio Rank: 99
QUID.L Omega Ratio Rank: 99
QUID.L Calmar Ratio Rank: 98
QUID.L Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SSHY.L vs. QUID.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 PIMCO Sterling Short Maturity UCITS ETF (QUID.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.

	SSHY.L	QUID.L	Difference
Sharpe ratio: Return per unit of total volatility	0.93	6.00	-5.07
Sortino ratio: Return per unit of downside risk	1.39	10.83	-9.43
Omega ratio: Gain probability vs. loss probability	1.16	2.80	-1.63
Calmar ratio: Return relative to maximum drawdown	1.47	9.83	-8.36
Martin ratio: Return relative to average drawdown	4.39	78.74	-74.35

SSHY.L vs. QUID.L - Sharpe Ratio Comparison

The current SSHY.L Sharpe Ratio is 0.93, which is lower than the QUID.L Sharpe Ratio of 6.00. The chart below compares the historical Sharpe Ratios of SSHY.L and QUID.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SSHY.L vs. QUID.L - Drawdown Comparison

The maximum SSHY.L drawdown since its inception was -38.26%, which is greater than QUID.L's maximum drawdown of -2.47%. Use the drawdown chart below to compare losses from any high point for SSHY.L and QUID.L.

Drawdown Indicators

	SSHY.L	QUID.L	Difference
Max Drawdown Largest peak-to-trough decline	-38.26%	-2.47%	-35.79%
Max Drawdown (1Y) Largest decline over 1 year	-3.64%	-0.45%	-3.19%
Max Drawdown (3Y) Largest decline over 3 years	-9.91%	-0.45%	-9.46%
Max Drawdown (5Y) Largest decline over 5 years	-10.25%	-2.47%	-7.78%
Max Drawdown (10Y) Largest decline over 10 years	-15.95%	-2.47%	-13.48%
Current Drawdown Current decline from peak	-2.40%	0.00%	-2.40%
Average Drawdown Average peak-to-trough decline	-11.52%	-0.21%	-11.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.22%	0.06%	+1.16%

Volatility

SSHY.L vs. QUID.L - Volatility Comparison

PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.L) has a higher volatility of 1.81% compared to PIMCO Sterling Short Maturity UCITS ETF (QUID.L) at 0.19%. This indicates that SSHY.L's price experiences larger fluctuations and is considered to be riskier than QUID.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSHY.L	QUID.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.81%	0.19%	+1.62%
Volatility (6M) Calculated over the trailing 6-month period	4.13%	0.64%	+3.49%
Volatility (1Y) Calculated over the trailing 1-year period	5.76%	0.74%	+5.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.59%	0.74%	+6.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.71%	0.62%	+8.09%

Dividends

SSHY.L vs. QUID.L - Dividend Comparison

SSHY.L's dividend yield for the trailing twelve months is around 7.01%, more than QUID.L's 4.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QUID.L PIMCO Sterling Short Maturity UCITS ETF	4.17%	4.19%	4.67%	3.69%	0.66%	0.08%	0.31%	0.73%	0.52%	0.33%	0.59%	0.55%
SSHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist	7.01%	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

Can I hold both SSHY.L and QUID.L in my portfolio?

SSHY.L and QUID.L have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between SSHY.L and QUID.L?

SSHY.L is categorized as High Yield Bonds, while QUID.L is Global Equities. SSHY.L tracks Bloomberg US Corporate High Yield TR USD, while QUID.L tracks PIMCO Sterling Short Maturity UCITS ETF.