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STHS.L vs. DHYA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

STHS.L vs. DHYA.L

Last updated Jul 16, 2026
Documentation

STHS.L (PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc) and DHYA.L (iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc)) are both High Yield Bonds funds - STHS.L tracks the PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc while DHYA.L tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, STHS.L returned 4.75%/yr vs 3.92%/yr for DHYA.L. At a 0.26 correlation, their price movements are largely independent.

Performance

STHS.L vs. DHYA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc (STHS.L) and iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) (DHYA.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

STHS.L is traded in GBP, while DHYA.L is traded in USD. To make them comparable, the DHYA.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, STHS.L achieves a 2.04% return, which is significantly higher than DHYA.L's 1.27% return.

STHS.L

1D
0.53%
1M
0.52%
6M
1.70%
YTD
2.04%
1Y
6.24%
3Y*
8.15%
5Y*
4.75%
10Y*
4.33%

DHYA.L

1D
-1.04%
1M
-1.17%
6M
0.76%
YTD
1.27%
1Y
4.77%
3Y*
7.02%
5Y*
3.92%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

STHS.L vs. DHYA.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
STHS.L
PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc		2.04%8.53%8.27%10.62%-5.62%4.05%14.56%
DHYA.L
iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc)		1.27%0.73%10.15%6.72%-1.55%4.81%4.46%

Correlation

The correlation between STHS.L and DHYA.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.14

Correlation (3Y)
Calculated over the trailing 3-year period

0.26

Correlation (5Y)
Calculated over the trailing 5-year period

0.29

Correlation (All Time)
Calculated using the full available price history since May 4, 2020

0.26

The correlation between STHS.L and DHYA.L shifts across timeframes, from 0.14 (1 year) to 0.29 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc

iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc)

Often compared with DHYA.L:
DHYA.L vs. AGBP.LDHYA.L vs. IUST.DEDHYA.L vs. IHYA.LDHYA.L vs. MPVDHYA.L vs. CTY.LDHYA.L vs. JNKDHYA.L vs. SPY

Return for Risk

STHS.L vs. DHYA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
STHS.L
STHS.L Risk / Return Rank: 8080
Overall Rank
STHS.L Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
STHS.L Sortino Ratio Rank: 8181
Sortino Ratio Rank
STHS.L Omega Ratio Rank: 7878
Omega Ratio Rank
STHS.L Calmar Ratio Rank: 8282
Calmar Ratio Rank
STHS.L Martin Ratio Rank: 8787
Martin Ratio Rank
DHYA.L
DHYA.L Risk / Return Rank: 5555
Overall Rank
DHYA.L Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
DHYA.L Sortino Ratio Rank: 5353
Sortino Ratio Rank
DHYA.L Omega Ratio Rank: 5353
Omega Ratio Rank
DHYA.L Calmar Ratio Rank: 5656
Calmar Ratio Rank
DHYA.L Martin Ratio Rank: 6868
Martin Ratio Rank
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.

STHS.L vs. DHYA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc (STHS.L) and iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) (DHYA.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.

STHS.LDHYA.LDifference
Sharpe ratioReturn per unit of total volatility
1.84
0.72

+1.11

Sortino ratioReturn per unit of downside risk
2.90
1.08

+1.82

Omega ratioGain probability vs. loss probability

1.36

1.13

+0.24

Calmar ratioReturn relative to maximum drawdown

3.51

1.21

+2.30

Martin ratioReturn relative to average drawdown

14.46

3.61

+10.84

STHS.L vs. DHYA.L - Sharpe Ratio Comparison

The current STHS.L Sharpe Ratio is 1.84, which is higher than the DHYA.L Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of STHS.L and DHYA.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.

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Drawdowns

STHS.L vs. DHYA.L - Drawdown Comparison

The maximum STHS.L drawdown since its inception was -22.74%, which is greater than DHYA.L's maximum drawdown of -10.45%. Use the drawdown chart below to compare losses from any high point for STHS.L and DHYA.L.

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Drawdown Indicators

STHS.LDHYA.LDifference

Max Drawdown

Largest peak-to-trough decline

-22.74%

-10.45%

-12.29%

Max Drawdown (1Y)

Largest decline over 1 year

-1.84%

-3.93%

+2.09%

Max Drawdown (3Y)

Largest decline over 3 years

-5.34%

-9.50%

+4.16%

Max Drawdown (5Y)

Largest decline over 5 years

-9.53%

-10.45%

+0.92%

Max Drawdown (10Y)

Largest decline over 10 years

-22.74%

—

—

Current Drawdown

Current decline from peak

0.00%

-2.66%

+2.66%

Average Drawdown

Average peak-to-trough decline

-1.66%

-3.52%

+1.86%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.45%

1.32%

-0.87%

Volatility

STHS.L vs. DHYA.L - Volatility Comparison

The current volatility for PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc (STHS.L) is 1.05%, while iShares USD High Yield Corporate Bond ESG UCITS ETF USD (Acc) (DHYA.L) has a volatility of 2.18%. This indicates that STHS.L experiences smaller price fluctuations and is considered to be less risky than DHYA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

STHS.LDHYA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.05%

2.18%

-1.13%

Volatility (6M)

Calculated over the trailing 6-month period

2.88%

5.18%

-2.30%

Volatility (1Y)

Calculated over the trailing 1-year period

3.52%

6.58%

-3.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.32%

9.08%

-2.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.73%

9.72%

-2.99%

Dividends

STHS.L vs. DHYA.L - Dividend Comparison

STHS.L's dividend yield for the trailing twelve months is around 7.47%, while DHYA.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
DHYA.L
iShares USD High Yield Corporate Bond ESG 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%
STHS.L
PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc		7.47%7.11%7.57%6.39%4.95%4.52%4.92%5.08%5.34%5.18%5.43%0.37%

Frequently Asked Questions

STHS.L and DHYA.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

STHS.L tracks PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc, while DHYA.L tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: PIMCO and iShares.

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