STHE.L vs. IUS7.DE
STHE.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Inc EUR Hedged) and IUS7.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)) are both exchange-traded funds - STHE.L is a High Yield Bonds fund tracking the ICE BofA 0-5 Year US High Yield Constrained Index, 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, STHE.L returned 3.35%/yr vs 3.08%/yr for IUS7.DE. At a 0.31 correlation, their price movements are largely independent. STHE.L charges 0.60%/yr vs 0.45%/yr for IUS7.DE.
Performance
STHE.L vs. IUS7.DE - Performance Comparison
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Returns By Period
In the year-to-date period, STHE.L achieves a 0.74% return, which is significantly lower than IUS7.DE's 2.97% return. Over the past 10 years, STHE.L has outperformed IUS7.DE with an annualized return of 3.35%, while IUS7.DE has yielded a comparatively lower 3.08% annualized return.
STHE.L
- 1D
- 0.15%
- 1M
- 0.22%
- YTD
- 0.74%
- 6M
- 1.29%
- 1Y
- 5.01%
- 3Y*
- 6.71%
- 5Y*
- 3.23%
- 10Y*
- 3.35%
IUS7.DE
- 1D
- 0.14%
- 1M
- 1.60%
- YTD
- 2.97%
- 6M
- 2.72%
- 1Y
- 9.31%
- 3Y*
- 6.75%
- 5Y*
- 2.86%
- 10Y*
- 3.08%
STHE.L vs. IUS7.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STHE.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Inc EUR Hedged | 0.74% | 6.43% | 6.85% | 8.96% | -6.98% | 3.51% | 1.79% | 6.81% | -3.40% | 3.56% |
IUS7.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 2.97% | 1.14% | 11.74% | 6.77% | -13.16% | 5.75% | -4.03% | 18.79% | -1.16% | -3.39% |
Correlation
The correlation between STHE.L and IUS7.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2013 | 0.31 |
The correlation between STHE.L and IUS7.DE shifts across timeframes, from 0.19 (1 year) to 0.35 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
STHE.L vs. IUS7.DE — Risk / Return Rank
STHE.L
IUS7.DE
STHE.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 Inc EUR Hedged (STHE.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.
| STHE.L | IUS7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.29 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 3.00 | -0.69 |
| Martin ratioReturn relative to average drawdown | 9.63 | 9.17 | +0.46 |
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
| STHE.L | IUS7.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | 1.55 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.33 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.28 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.61 | -0.16 |
Drawdowns
STHE.L vs. IUS7.DE - Drawdown Comparison
The maximum STHE.L drawdown since its inception was -24.40%, smaller than the maximum IUS7.DE drawdown of -27.13%. Use the drawdown chart below to compare losses from any high point for STHE.L and IUS7.DE.
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Drawdown Indicators
| STHE.L | IUS7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.40% | -27.13% | +2.73% |
Max Drawdown (1Y)Largest decline over 1 year | -2.16% | -3.09% | +0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -5.02% | -12.95% | +7.93% |
Max Drawdown (5Y)Largest decline over 5 years | -10.27% | -15.90% | +5.63% |
Max Drawdown (10Y)Largest decline over 10 years | -24.40% | -27.13% | +2.73% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.02% | -6.48% | +4.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 1.01% | -0.49% |
Volatility
STHE.L vs. IUS7.DE - Volatility Comparison
The current volatility for PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Inc EUR Hedged (STHE.L) is 0.86%, while iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (IUS7.DE) has a volatility of 1.24%. This indicates that STHE.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
| STHE.L | IUS7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 1.24% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 2.24% | 4.03% | -1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.95% | 5.97% | -3.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.36% | 8.56% | -3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.74% | 11.02% | -4.28% |
STHE.L vs. IUS7.DE - Expense Ratio Comparison
STHE.L has a 0.60% expense ratio, which is higher than IUS7.DE's 0.45% expense ratio.
Dividends
STHE.L vs. IUS7.DE - Dividend Comparison
STHE.L's dividend yield for the trailing twelve months is around 7.08%, 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% |
STHE.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Inc EUR Hedged | 7.08% | 7.17% | 7.64% | 6.27% | 4.99% | 4.57% | 4.88% | 5.14% | 5.37% | 5.18% | 5.41% | 5.28% |
Frequently Asked Questions
STHE.L and IUS7.DE have a correlation of 0.19, 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 0.60% for STHE.L.
STHE.L is categorized as High Yield Bonds, while IUS7.DE is Emerging Markets Bonds. STHE.L tracks ICE BofA 0-5 Year US High Yield Constrained Index, while IUS7.DE tracks JP Morgan EMBI Global Core. They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.60% for STHE.L and 0.45% for IUS7.DE.
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