SSHY.L vs. WIAU.L
SSHY.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist) and WIAU.L (iShares Fallen Angels High Yield Corporate Bond UCITS ETF USD (Acc)) are both High Yield Bonds funds - SSHY.L tracks the Bloomberg US Corporate High Yield TR USD while WIAU.L tracks the ICE BofA Gbl HY Constnd TR USD. Both are passively managed. Over the past 5 years, SSHY.L returned 6.31%/yr vs 3.68%/yr for WIAU.L. A 0.56 correlation means they provide meaningful diversification when combined. SSHY.L charges 0.55%/yr vs 0.50%/yr for WIAU.L.
Performance
SSHY.L vs. WIAU.L - Performance Comparison
Loading charts...
Different Trading Currencies
SSHY.L is traded in GBP, while WIAU.L is traded in USD. To make them comparable, the WIAU.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 higher than WIAU.L's 1.30% 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%
WIAU.L
- 1D
- 0.16%
- 1M
- 1.30%
- YTD
- 1.30%
- 6M
- 0.58%
- 1Y
- 8.82%
- 3Y*
- 5.68%
- 5Y*
- 3.68%
- 10Y*
- —
SSHY.L vs. WIAU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | 9.44% |
WIAU.L iShares Fallen Angels High Yield Corporate Bond UCITS ETF USD (Acc) | 1.30% | 4.48% | 4.84% | 6.98% | -3.74% | 2.77% | 13.29% | 12.34% | 4.81% |
Correlation
The correlation between SSHY.L and WIAU.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2018 | 0.56 |
The correlation between SSHY.L and WIAU.L shifts across timeframes, from 0.40 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.
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. WIAU.L — Risk / Return Rank
SSHY.L
WIAU.L
SSHY.L vs. WIAU.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 Fallen Angels High Yield Corporate Bond UCITS ETF USD (Acc) (WIAU.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 | WIAU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 2.72 | -0.47 |
| Martin ratioReturn relative to average drawdown | 6.90 | 8.13 | -1.23 |
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 | WIAU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.40 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.50 | +0.33 |
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 | 0.66 | -0.06 |
Drawdowns
SSHY.L vs. WIAU.L - Drawdown Comparison
The maximum SSHY.L drawdown since its inception was -15.94%, roughly equal to the maximum WIAU.L drawdown of -15.49%. Use the drawdown chart below to compare losses from any high point for SSHY.L and WIAU.L.
Loading charts...
Drawdown Indicators
| SSHY.L | WIAU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.94% | -15.49% | -0.45% |
Max Drawdown (1Y)Largest decline over 1 year | -3.63% | -3.23% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -9.91% | -6.82% | -3.09% |
Max Drawdown (5Y)Largest decline over 5 years | -10.24% | -11.17% | +0.93% |
Max Drawdown (10Y)Largest decline over 10 years | -15.94% | — | — |
Current DrawdownCurrent decline from peak | -0.89% | -0.33% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -4.30% | -2.54% | -1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 1.08% | +0.10% |
Volatility
SSHY.L vs. WIAU.L - Volatility Comparison
PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.L) and iShares Fallen Angels High Yield Corporate Bond UCITS ETF USD (Acc) (WIAU.L) have volatilities of 1.59% and 1.66%, 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.
Loading charts...
Volatility by Period
| SSHY.L | WIAU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 1.66% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 4.03% | 4.99% | -0.96% |
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% | 7.64% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.16% | 9.53% | -0.37% |
SSHY.L vs. WIAU.L - Expense Ratio Comparison
SSHY.L has a 0.55% expense ratio, which is higher than WIAU.L's 0.50% expense ratio.
Dividends
SSHY.L vs. WIAU.L - Dividend Comparison
SSHY.L's dividend yield for the trailing twelve months is around 7.07%, while WIAU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WIAU.L iShares Fallen Angels High Yield Corporate Bond 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% |
Frequently Asked Questions
SSHY.L and WIAU.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WIAU.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WIAU.L is cheaper with a 0.50% expense ratio, compared with 0.55% for SSHY.L.
SSHY.L tracks Bloomberg US Corporate High Yield TR USD, while WIAU.L tracks ICE BofA Gbl HY Constnd TR USD. They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.55% for SSHY.L and 0.50% for WIAU.L.
Find the right allocation for SSHY.L and WIAU.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