STHS.L vs. WING.L
STHS.L (PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF GBP Hedged (Dist)) and WING.L (iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist)) are both High Yield Bonds funds - STHS.L tracks the ICE BofA 0-5 Year US High Yield Constrained Index while WING.L tracks the Bloomberg Global Corporate ex EM Fallen Angels 3% Issuer Capped Index. Both are passively managed. Over the past 10 years, STHS.L returned 4.30%/yr vs 5.38%/yr for WING.L. At a 0.31 correlation, their price movements are largely independent. STHS.L charges 0.60%/yr vs 0.50%/yr for WING.L.
Performance
STHS.L vs. WING.L - Performance Comparison
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Different Trading Currencies
STHS.L is traded in GBP, while WING.L is traded in USD. To make them comparable, the WING.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 WING.L's 1.09% return. Over the past 10 years, STHS.L has underperformed WING.L with an annualized return of 4.30%, while WING.L has yielded a comparatively higher 5.38% annualized 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%
WING.L
- 1D
- 0.54%
- 1M
- -1.55%
- 6M
- 0.37%
- YTD
- 1.09%
- 1Y
- 5.51%
- 3Y*
- 6.18%
- 5Y*
- 2.87%
- 10Y*
- 5.38%
STHS.L vs. WING.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% | 4.36% |
WING.L iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) | 1.09% | 4.60% | 4.69% | 7.28% | -4.18% | 3.22% | 14.50% | 11.15% | 0.52% | 2.67% |
Correlation
The correlation between STHS.L and WING.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2016 | 0.31 |
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Return for Risk
STHS.L vs. WING.L — Risk / Return Rank
STHS.L
WING.L
STHS.L vs. WING.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 iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) (WING.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 | WING.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.15 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 1.78 | +1.43 |
| Martin ratioReturn relative to average drawdown | 13.19 | 4.97 | +8.22 |
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Drawdowns
STHS.L vs. WING.L - Drawdown Comparison
The maximum STHS.L drawdown since its inception was -22.74%, which is greater than WING.L's maximum drawdown of -16.98%. Use the drawdown chart below to compare losses from any high point for STHS.L and WING.L.
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Drawdown Indicators
| STHS.L | WING.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.74% | -16.98% | -5.76% |
Max Drawdown (1Y)Largest decline over 1 year | -1.84% | -3.09% | +1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -5.34% | -7.00% | +1.66% |
Max Drawdown (5Y)Largest decline over 5 years | -9.53% | -10.87% | +1.34% |
Max Drawdown (10Y)Largest decline over 10 years | -22.74% | -16.98% | -5.76% |
Current DrawdownCurrent decline from peak | -0.04% | -2.00% | +1.96% |
Average DrawdownAverage peak-to-trough decline | -1.66% | -2.59% | +0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 1.10% | -0.65% |
Volatility
STHS.L vs. WING.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 iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) (WING.L) has a volatility of 2.18%. This indicates that STHS.L experiences smaller price fluctuations and is considered to be less risky than WING.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 | WING.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 2.18% | -1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | 5.11% | -2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.48% | 6.29% | -2.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.32% | 8.06% | -1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.73% | 10.16% | -3.43% |
STHS.L vs. WING.L - Expense Ratio Comparison
STHS.L has a 0.60% expense ratio, which is higher than WING.L's 0.50% expense ratio.
Dividends
STHS.L vs. WING.L - Dividend Comparison
STHS.L's dividend yield for the trailing twelve months is around 6.96%, more than WING.L's 5.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WING.L iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) | 5.71% | 5.67% | 5.86% | 5.20% | 4.43% | 3.92% | 4.25% | 4.56% | 4.98% | 4.44% | 2.11% | 0.00% |
Frequently Asked Questions
STHS.L and WING.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WING.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WING.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 WING.L tracks Bloomberg Global Corporate ex EM Fallen Angels 3% Issuer Capped Index. They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.60% for STHS.L and 0.50% for WING.L.
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