STHS.L vs. JGYH.L

Last updated Jul 18, 2026

STHS.L (PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP Hedged (Dist)) and JGYH.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc)) are both High Yield Bonds funds - STHS.L tracks the ICE BofA 0-5 Year US High Yield Constrained Index while JGYH.L tracks the ICE BofA Gbl HY Constnd TR USD. Both are passively managed. Over the past 5 years, STHS.L returned 4.70%/yr vs 4.28%/yr for JGYH.L. At a 0.20 correlation, their price movements are largely independent. STHS.L charges 0.60%/yr vs 0.35%/yr for JGYH.L.

Performance

STHS.L vs. JGYH.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 (Dist) (STHS.L) and JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STHS.L achieves a 1.81% return, which is significantly lower than JGYH.L's 2.24% 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%

JGYH.L

• 1D: 0.32%
• 1M: -0.35%
• 6M: 1.72%
• YTD: 2.24%
• 1Y: 6.96%
• 3Y*: 7.64%
• 5Y*: 4.28%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
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%	2.14%
JGYH.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc)	2.24%	4.10%	7.92%	5.18%	0.63%	3.10%	-22.21%

Correlation

The correlation between STHS.L and JGYH.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020	0.20

Return for Risk

STHS.L vs. JGYH.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: 78
STHS.L Sharpe Ratio Rank: 70
STHS.L Sortino Ratio Rank: 78
STHS.L Omega Ratio Rank: 76
STHS.L Calmar Ratio Rank: 82
STHS.L Martin Ratio Rank: 86

JGYH.L

JGYH.L Risk / Return Rank: 60
JGYH.L Sharpe Ratio Rank: 54
JGYH.L Sortino Ratio Rank: 57
JGYH.L Omega Ratio Rank: 53
JGYH.L Calmar Ratio Rank: 75
JGYH.L Martin Ratio Rank: 61

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. JGYH.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 JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.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	JGYH.L	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.41	+0.28
Sortino ratio: Return per unit of downside risk	2.65	2.11	+0.55
Omega ratio: Gain probability vs. loss probability	1.33	1.26	+0.07
Calmar ratio: Return relative to maximum drawdown	3.21	2.88	+0.33
Martin ratio: Return relative to average drawdown	13.19	8.13	+5.06

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

The current STHS.L Sharpe Ratio is 1.70, which is comparable to the JGYH.L Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of STHS.L and JGYH.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

STHS.L vs. JGYH.L - Drawdown Comparison

The maximum STHS.L drawdown since its inception was -22.74%, smaller than the maximum JGYH.L drawdown of -31.48%. Use the drawdown chart below to compare losses from any high point for STHS.L and JGYH.L.

Drawdown Indicators

	STHS.L	JGYH.L	Difference
Max Drawdown Largest peak-to-trough decline	-22.74%	-31.48%	+8.74%
Max Drawdown (1Y) Largest decline over 1 year	-1.84%	-2.41%	+0.57%
Max Drawdown (3Y) Largest decline over 3 years	-5.34%	-7.56%	+2.22%
Max Drawdown (5Y) Largest decline over 5 years	-9.53%	-7.74%	-1.79%
Max Drawdown (10Y) Largest decline over 10 years	-22.74%	—	—
Current Drawdown Current decline from peak	-0.04%	-2.83%	+2.79%
Average Drawdown Average peak-to-trough decline	-1.66%	-16.52%	+14.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.45%	0.85%	-0.40%

Volatility

STHS.L vs. JGYH.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 JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.L) has a volatility of 1.02%. This indicates that STHS.L experiences smaller price fluctuations and is considered to be less risky than JGYH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STHS.L	JGYH.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.90%	1.02%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	2.84%	3.45%	-0.61%
Volatility (1Y) Calculated over the trailing 1-year period	3.48%	4.92%	-1.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.32%	6.94%	-0.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.73%	12.30%	-5.57%

STHS.L vs. JGYH.L - Expense Ratio Comparison

STHS.L has a 0.60% expense ratio, which is higher than JGYH.L's 0.35% expense ratio.

Dividends

STHS.L vs. JGYH.L - Dividend Comparison

STHS.L's dividend yield for the trailing twelve months is around 6.96%, while JGYH.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JGYH.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (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 (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

Can I hold both STHS.L and JGYH.L in my portfolio?

STHS.L and JGYH.L have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, STHS.L or JGYH.L?

On fees, JGYH.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, STHS.L or JGYH.L?

JGYH.L is cheaper with a 0.35% expense ratio, compared with 0.60% for STHS.L.

What is the main difference between STHS.L and JGYH.L?

STHS.L tracks ICE BofA 0-5 Year US High Yield Constrained Index, while JGYH.L tracks ICE BofA Gbl HY Constnd TR USD. They also come from different issuers: PIMCO and JPMorgan. Their fees differ too: 0.60% for STHS.L and 0.35% for JGYH.L.