STHS.L vs. FAGB.L
STHS.L (PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP Hedged (Dist)) and FAGB.L (Invesco US High Yield Fallen Angels UCITS ETF GBP Hedged (Acc)) are both High Yield Bonds funds - STHS.L tracks the ICE BofA 0-5 Year US High Yield Constrained Index while FAGB.L tracks the FTSE Time-Weighted US Fallen Angel Bond Select Index. Both are passively managed. Over the past 5 years, STHS.L returned 4.70%/yr vs 1.50%/yr for FAGB.L. A 0.72 correlation means they provide meaningful diversification when combined. STHS.L charges 0.60%/yr vs 0.50%/yr for FAGB.L.
Performance
STHS.L vs. FAGB.L - Performance Comparison
Loading charts...
Different Trading Currencies
STHS.L is traded in GBP, while FAGB.L is traded in GBp. To make them comparable, the FAGB.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 1.81% return, which is significantly higher than FAGB.L's 1.09% return.
STHS.L
- 1D
- 0.11%
- 1M
- 0.30%
- 6M
- 1.41%
- YTD
- 1.81%
- 1Y
- 5.91%
- 3Y*
- 7.98%
- 5Y*
- 4.70%
- 10Y*
- 4.30%
FAGB.L
- 1D
- -0.15%
- 1M
- 0.11%
- 6M
- 0.46%
- YTD
- 1.09%
- 1Y
- 5.50%
- 3Y*
- 6.70%
- 5Y*
- 1.50%
- 10Y*
- —
STHS.L vs. FAGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STHS.L PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) | 1.81% | 8.53% | 8.27% | 10.62% | -5.62% | 4.05% | 1.89% | 8.01% | -2.38% | -0.16% |
FAGB.L Invesco US High Yield Fallen Angels UCITS ETF GBP Hedged (Acc) | 1.09% | 9.31% | 4.50% | 9.02% | -15.12% | 5.18% | 6.43% | 10.50% | -7.23% | 0.20% |
Correlation
The correlation between STHS.L and FAGB.L is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2017 | 0.72 |
The correlation between STHS.L and FAGB.L has been stable across timeframes, ranging from 0.66 to 0.76 - a consistent structural relationship.
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
STHS.L vs. FAGB.L — Risk / Return Rank
STHS.L
FAGB.L
STHS.L vs. FAGB.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 (Dist) (STHS.L) and Invesco US High Yield Fallen Angels UCITS ETF GBP Hedged (Acc) (FAGB.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.L | FAGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.23 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 1.17 | +2.03 |
| Martin ratioReturn relative to average drawdown | 13.19 | 4.35 | +8.85 |
Loading charts...
Drawdowns
STHS.L vs. FAGB.L - Drawdown Comparison
The maximum STHS.L drawdown since its inception was -22.74%, smaller than the maximum FAGB.L drawdown of -30.30%. Use the drawdown chart below to compare losses from any high point for STHS.L and FAGB.L.
Loading charts...
Drawdown Indicators
| STHS.L | FAGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.74% | -30.30% | +7.56% |
Max Drawdown (1Y)Largest decline over 1 year | -1.84% | -4.75% | +2.91% |
Max Drawdown (3Y)Largest decline over 3 years | -5.34% | -5.31% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -9.53% | -18.92% | +9.39% |
Max Drawdown (10Y)Largest decline over 10 years | -22.74% | — | — |
Current DrawdownCurrent decline from peak | -0.04% | -0.62% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -1.66% | -5.39% | +3.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 1.29% | -0.84% |
Volatility
STHS.L vs. FAGB.L - Volatility Comparison
The current volatility for PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) (STHS.L) is 0.90%, while Invesco US High Yield Fallen Angels UCITS ETF GBP Hedged (Acc) (FAGB.L) has a volatility of 1.19%. This indicates that STHS.L experiences smaller price fluctuations and is considered to be less risky than FAGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| STHS.L | FAGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 1.19% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | 3.84% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.48% | 4.65% | -1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.32% | 7.13% | -0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.73% | 8.53% | -1.80% |
STHS.L vs. FAGB.L - Expense Ratio Comparison
STHS.L has a 0.60% expense ratio, which is higher than FAGB.L's 0.50% expense ratio.
Dividends
STHS.L vs. FAGB.L - Dividend Comparison
STHS.L's dividend yield for the trailing twelve months is around 6.96%, while FAGB.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAGB.L Invesco US High Yield Fallen Angels UCITS ETF GBP Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.05% | 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 (Dist) | 6.96% | 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 FAGB.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FAGB.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FAGB.L is cheaper with a 0.50% expense ratio, compared with 0.60% for STHS.L.
STHS.L tracks ICE BofA 0-5 Year US High Yield Constrained Index, while FAGB.L tracks FTSE Time-Weighted US Fallen Angel Bond Select Index. They also come from different issuers: PIMCO and Invesco. Their fees differ too: 0.60% for STHS.L and 0.50% for FAGB.L.
Find the right allocation for STHS.L and FAGB.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