STHS.L vs. LDCU.L

Last updated Jul 16, 2026

STHS.L (PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc) and LDCU.L (PIMCO US Low Duration Corporate Bond UCITS ETF Dist) are both exchange-traded funds - STHS.L is a High Yield Bonds fund tracking the PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc, while LDCU.L is a Corporate Bonds fund tracking the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 10 years, STHS.L returned 4.33%/yr vs 2.66%/yr for LDCU.L. At a correlation of -0.12, they often move in opposite directions.

Performance

STHS.L vs. LDCU.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 PIMCO US Low Duration Corporate Bond UCITS ETF Dist (LDCU.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

STHS.L is traded in GBP, while LDCU.L is traded in USD. To make them comparable, the LDCU.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 LDCU.L's 1.28% return. Over the past 10 years, STHS.L has outperformed LDCU.L with an annualized return of 4.33%, while LDCU.L has yielded a comparatively lower 2.66% annualized 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%

LDCU.L

• 1D: -0.35%
• 1M: 0.17%
• 6M: 0.90%
• YTD: 1.28%
• 1Y: 3.56%
• 3Y*: 4.52%
• 5Y*: 2.99%
• 10Y*: 2.66%

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

STHS.L vs. LDCU.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) Inc	2.04%	8.53%	8.27%	10.62%	-5.62%	4.05%	1.89%	8.01%	-2.38%	4.36%
LDCU.L PIMCO US Low Duration Corporate Bond UCITS ETF Dist	1.28%	-1.05%	7.08%	0.91%	5.85%	0.55%	1.49%	2.95%	6.99%	-5.62%

Correlation

The correlation between STHS.L and LDCU.L is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (3Y) Calculated over the trailing 3-year period	-0.06
Correlation (5Y) Calculated over the trailing 5-year period	-0.15
Correlation (10Y) Calculated over the trailing 10-year period	-0.11
Correlation (All Time) Calculated using the full available price history since Nov 16, 2015	-0.12

Return for Risk

STHS.L vs. LDCU.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: 80
STHS.L Sharpe Ratio Rank: 72
STHS.L Sortino Ratio Rank: 81
STHS.L Omega Ratio Rank: 78
STHS.L Calmar Ratio Rank: 82
STHS.L Martin Ratio Rank: 87

LDCU.L

LDCU.L Risk / Return Rank: 39
LDCU.L Sharpe Ratio Rank: 39
LDCU.L Sortino Ratio Rank: 42
LDCU.L Omega Ratio Rank: 37
LDCU.L Calmar Ratio Rank: 36
LDCU.L Martin Ratio Rank: 42

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. LDCU.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 PIMCO US Low Duration Corporate Bond UCITS ETF Dist (LDCU.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	LDCU.L	Difference
Sharpe ratio: Return per unit of total volatility	1.84	0.54	+1.30
Sortino ratio: Return per unit of downside risk	2.90	0.80	+2.10
Omega ratio: Gain probability vs. loss probability	1.36	1.10	+0.27
Calmar ratio: Return relative to maximum drawdown	3.51	0.72	+2.79
Martin ratio: Return relative to average drawdown	14.46	1.90	+12.56

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

The current STHS.L Sharpe Ratio is 1.84, which is higher than the LDCU.L Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of STHS.L and LDCU.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. LDCU.L - Drawdown Comparison

The maximum STHS.L drawdown since its inception was -22.74%, which is greater than LDCU.L's maximum drawdown of -14.74%. Use the drawdown chart below to compare losses from any high point for STHS.L and LDCU.L.

Drawdown Indicators

	STHS.L	LDCU.L	Difference
Max Drawdown Largest peak-to-trough decline	-22.74%	-14.74%	-8.00%
Max Drawdown (1Y) Largest decline over 1 year	-1.84%	-5.04%	+3.20%
Max Drawdown (3Y) Largest decline over 3 years	-5.34%	-8.21%	+2.87%
Max Drawdown (5Y) Largest decline over 5 years	-9.53%	-14.74%	+5.21%
Max Drawdown (10Y) Largest decline over 10 years	-22.74%	-14.74%	-8.00%
Current Drawdown Current decline from peak	0.00%	-2.59%	+2.59%
Average Drawdown Average peak-to-trough decline	-1.66%	-5.59%	+3.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.45%	1.91%	-1.46%

Volatility

STHS.L vs. LDCU.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 PIMCO US Low Duration Corporate Bond UCITS ETF Dist (LDCU.L) has a volatility of 1.58%. This indicates that STHS.L experiences smaller price fluctuations and is considered to be less risky than LDCU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STHS.L	LDCU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.05%	1.58%	-0.53%
Volatility (6M) Calculated over the trailing 6-month period	2.88%	4.92%	-2.04%
Volatility (1Y) Calculated over the trailing 1-year period	3.52%	6.74%	-3.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.32%	8.22%	-1.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.73%	8.65%	-1.92%

Dividends

STHS.L vs. LDCU.L - Dividend Comparison

STHS.L's dividend yield for the trailing twelve months is around 7.47%, more than LDCU.L's 4.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LDCU.L PIMCO US Low Duration Corporate Bond UCITS ETF Dist	4.56%	4.42%	4.40%	3.45%	1.93%	1.77%	2.17%	2.96%	2.75%	2.26%	2.37%	2.13%
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

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

STHS.L and LDCU.L have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

STHS.L is categorized as High Yield Bonds, while LDCU.L is Corporate Bonds. STHS.L tracks PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc, while LDCU.L tracks Bloomberg US Corp 1-3 Yr TR USD.