STHS.L vs. SDHY.L
STHS.L (PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP (Hedged) Inc) and SDHY.L ( iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist) 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 SDHY.L tracks the Markit iBoxx USD Liquid High Yield 0-5 Capped Index. Both are passively managed. Over the past 10 years, STHS.L returned 4.33%/yr vs 4.48%/yr for SDHY.L. At a 0.22 correlation, their price movements are largely independent.
Performance
STHS.L vs. SDHY.L - Performance Comparison
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Different Trading Currencies
STHS.L is traded in GBP, while SDHY.L is traded in USD. To make them comparable, the SDHY.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 SDHY.L's 1.59% return. Both investments have delivered pretty close results over the past 10 years, with STHS.L having a 4.33% annualized return and SDHY.L not far ahead at 4.48%.
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%
SDHY.L
- 1D
- -0.74%
- 1M
- -0.74%
- 6M
- 1.26%
- YTD
- 1.59%
- 1Y
- 5.28%
- 3Y*
- 6.20%
- 5Y*
- 5.02%
- 10Y*
- 4.48%
STHS.L vs. SDHY.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% |
SDHY.L iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist | 1.59% | 1.14% | 8.36% | 3.31% | 8.23% | 4.40% | 1.01% | 5.44% | 6.21% | -4.75% |
Correlation
The correlation between STHS.L and SDHY.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2015 | 0.22 |
The correlation between STHS.L and SDHY.L shifts across timeframes, from 0.12 (1 year) to 0.22 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
STHS.L vs. SDHY.L — Risk / Return Rank
STHS.L
SDHY.L
STHS.L vs. SDHY.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 $ Short Duration High Yield Corp Bond UCITS ETF USD Dist (SDHY.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 | SDHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.15 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 1.33 | +2.18 |
| Martin ratioReturn relative to average drawdown | 14.46 | 4.10 | +10.36 |
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Drawdowns
STHS.L vs. SDHY.L - Drawdown Comparison
The maximum STHS.L drawdown since its inception was -22.74%, which is greater than SDHY.L's maximum drawdown of -13.12%. Use the drawdown chart below to compare losses from any high point for STHS.L and SDHY.L.
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Drawdown Indicators
| STHS.L | SDHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.74% | -13.12% | -9.62% |
Max Drawdown (1Y)Largest decline over 1 year | -1.84% | -3.94% | +2.10% |
Max Drawdown (3Y)Largest decline over 3 years | -5.34% | -8.65% | +3.31% |
Max Drawdown (5Y)Largest decline over 5 years | -9.53% | -11.99% | +2.46% |
Max Drawdown (10Y)Largest decline over 10 years | -22.74% | -13.12% | -9.62% |
Current DrawdownCurrent decline from peak | 0.00% | -2.30% | +2.30% |
Average DrawdownAverage peak-to-trough decline | -1.66% | -4.04% | +2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 1.29% | -0.84% |
Volatility
STHS.L vs. SDHY.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 $ Short Duration High Yield Corp Bond UCITS ETF USD Dist (SDHY.L) has a volatility of 2.05%. This indicates that STHS.L experiences smaller price fluctuations and is considered to be less risky than SDHY.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.L | SDHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 2.05% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 4.88% | -2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.52% | 6.25% | -2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.32% | 8.30% | -1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.73% | 9.34% | -2.61% |
Dividends
STHS.L vs. SDHY.L - Dividend Comparison
STHS.L's dividend yield for the trailing twelve months is around 7.47%, more than SDHY.L's 6.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDHY.L iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist | 6.73% | 6.59% | 6.41% | 5.64% | 4.31% | 4.24% | 4.80% | 5.26% | 5.48% | 5.42% | 5.68% | 5.05% |
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 SDHY.L have a correlation of 0.12, 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 SDHY.L tracks Markit iBoxx USD Liquid High Yield 0-5 Capped Index. They also come from different issuers: PIMCO and iShares.
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