STHY.L vs. EUNW.DE
STHY.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income) and EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) are both exchange-traded funds - STHY.L is a High Yield Bonds fund tracking the ICE BofA 0-5 Year US High Yield Constrained Index, while EUNW.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield. Both are passively managed. Over the past 10 years, STHY.L returned 5.49%/yr vs 3.33%/yr for EUNW.DE. At a 0.39 correlation, their price movements are largely independent. STHY.L charges 0.55%/yr vs 0.50%/yr for EUNW.DE.
Performance
STHY.L vs. EUNW.DE - Performance Comparison
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Different Trading Currencies
STHY.L is traded in USD, while EUNW.DE is traded in EUR. To make them comparable, the EUNW.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, STHY.L achieves a 1.38% return, which is significantly higher than EUNW.DE's -0.31% return. Over the past 10 years, STHY.L has outperformed EUNW.DE with an annualized return of 5.49%, while EUNW.DE has yielded a comparatively lower 3.33% annualized return.
STHY.L
- 1D
- -0.09%
- 1M
- -0.09%
- YTD
- 1.38%
- 6M
- 2.02%
- 1Y
- 7.05%
- 3Y*
- 8.69%
- 5Y*
- 5.18%
- 10Y*
- 5.49%
EUNW.DE
- 1D
- 0.17%
- 1M
- 0.13%
- YTD
- -0.31%
- 6M
- 1.13%
- 1Y
- 4.95%
- 3Y*
- 9.22%
- 5Y*
- 1.73%
- 10Y*
- 3.33%
STHY.L vs. EUNW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income | 1.38% | 8.60% | 8.44% | 11.65% | -4.82% | 4.37% | 3.88% | 10.09% | -0.65% | 5.45% |
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | -0.31% | 18.53% | -0.16% | 14.77% | -14.36% | -5.19% | 10.94% | 7.55% | -8.06% | 19.38% |
Correlation
The correlation between STHY.L and EUNW.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2014 | 0.39 |
The correlation between STHY.L and EUNW.DE shifts across timeframes, from 0.38 (1 year) to 0.51 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
STHY.L vs. EUNW.DE — Risk / Return Rank
STHY.L
EUNW.DE
STHY.L vs. EUNW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income (STHY.L) and iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE). 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.
| STHY.L | EUNW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.39 | ||
| Sortino ratioReturn per unit of downside risk | +2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.12 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 4.01 | 0.66 | +3.34 |
| Martin ratioReturn relative to average drawdown | 15.93 | 1.96 | +13.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| STHY.L | EUNW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 0.65 | +1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.16 | +0.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.31 | +0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 0.22 | +0.67 |
Drawdowns
STHY.L vs. EUNW.DE - Drawdown Comparison
The maximum STHY.L drawdown since its inception was -21.75%, smaller than the maximum EUNW.DE drawdown of -31.65%. Use the drawdown chart below to compare losses from any high point for STHY.L and EUNW.DE.
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Drawdown Indicators
| STHY.L | EUNW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.75% | -31.65% | +9.90% |
Max Drawdown (1Y)Largest decline over 1 year | -1.75% | -7.43% | +5.68% |
Max Drawdown (3Y)Largest decline over 3 years | -4.66% | -7.55% | +2.89% |
Max Drawdown (5Y)Largest decline over 5 years | -9.55% | -31.65% | +22.10% |
Max Drawdown (10Y)Largest decline over 10 years | -21.75% | -31.65% | +9.90% |
Current DrawdownCurrent decline from peak | -0.28% | -3.12% | +2.84% |
Average DrawdownAverage peak-to-trough decline | -1.42% | -8.15% | +6.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 2.52% | -2.08% |
Volatility
STHY.L vs. EUNW.DE - Volatility Comparison
The current volatility for PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income (STHY.L) is 1.25%, while iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) has a volatility of 1.73%. This indicates that STHY.L experiences smaller price fluctuations and is considered to be less risky than EUNW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STHY.L | EUNW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 1.73% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | 5.76% | -2.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.44% | 7.57% | -4.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.41% | 10.44% | -5.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.30% | 10.65% | -4.35% |
STHY.L vs. EUNW.DE - Expense Ratio Comparison
STHY.L has a 0.55% expense ratio, which is higher than EUNW.DE's 0.50% expense ratio.
Dividends
STHY.L vs. EUNW.DE - Dividend Comparison
STHY.L's dividend yield for the trailing twelve months is around 7.05%, more than EUNW.DE's 5.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 5.17% | 5.45% | 6.09% | 5.41% | 3.70% | 3.07% | 3.67% | 3.75% | 3.68% | 3.78% | 4.03% | 4.59% |
STHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income | 7.05% | 7.17% | 7.60% | 6.36% | 4.97% | 4.58% | 4.89% | 5.10% | 5.32% | 5.21% | 5.39% | 5.29% |
Frequently Asked Questions
STHY.L and EUNW.DE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNW.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNW.DE is cheaper with a 0.50% expense ratio, compared with 0.55% for STHY.L.
STHY.L is categorized as High Yield Bonds, while EUNW.DE is European High Yield Bonds. STHY.L tracks ICE BofA 0-5 Year US High Yield Constrained Index, while EUNW.DE tracks iBoxx® EUR Liquid High Yield. They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.55% for STHY.L and 0.50% for EUNW.DE.
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