STHY.L vs. IBTU.L
STHY.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income) and IBTU.L (iShares USD Treasury Bond 0-1yr UCITS ETF USD (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 IBTU.L is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index. Both are passively managed. Over the past 5 years, STHY.L returned 5.19%/yr vs 3.46%/yr for IBTU.L. At a 0.07 correlation, their price movements are largely independent. STHY.L charges 0.55%/yr vs 0.07%/yr for IBTU.L.
Performance
STHY.L vs. IBTU.L - Performance Comparison
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Returns By Period
In the year-to-date period, STHY.L achieves a 2.08% return, which is significantly higher than IBTU.L's 1.76% return.
STHY.L
- 1D
- 0.47%
- 1M
- 0.27%
- 6M
- 1.63%
- YTD
- 2.08%
- 1Y
- 6.52%
- 3Y*
- 8.30%
- 5Y*
- 5.19%
- 10Y*
- 5.30%
IBTU.L
- 1D
- 0.00%
- 1M
- 0.40%
- 6M
- 1.76%
- YTD
- 1.76%
- 1Y
- 3.93%
- 3Y*
- 4.63%
- 5Y*
- 3.46%
- 10Y*
- —
STHY.L vs. IBTU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
STHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income | 2.08% | 8.60% | 8.43% | 11.65% | -4.82% | 4.37% | 3.87% | 5.14% |
IBTU.L iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) | 1.76% | 4.33% | 5.31% | 4.92% | 1.05% | 0.10% | 0.88% | 2.02% |
Correlation
The correlation between STHY.L and IBTU.L is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.07 |
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Return for Risk
STHY.L vs. IBTU.L — Risk / Return Rank
STHY.L
IBTU.L
STHY.L vs. IBTU.L - 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 USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.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.
| STHY.L | IBTU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -4.89 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 3.84 | -2.46 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 19.33 | -15.63 |
| Martin ratioReturn relative to average drawdown | 14.49 | 94.97 | -80.48 |
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Drawdowns
STHY.L vs. IBTU.L - Drawdown Comparison
The maximum STHY.L drawdown since its inception was -21.74%, which is greater than IBTU.L's maximum drawdown of -0.72%. Use the drawdown chart below to compare losses from any high point for STHY.L and IBTU.L.
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Drawdown Indicators
| STHY.L | IBTU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.74% | -0.72% | -21.02% |
Max Drawdown (1Y)Largest decline over 1 year | -1.75% | -0.20% | -1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -4.67% | -0.20% | -4.47% |
Max Drawdown (5Y)Largest decline over 5 years | -9.55% | -0.40% | -9.15% |
Max Drawdown (10Y)Largest decline over 10 years | -21.74% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.42% | -0.06% | -1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 0.04% | +0.41% |
Volatility
STHY.L vs. IBTU.L - Volatility Comparison
PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income (STHY.L) has a higher volatility of 0.92% compared to iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L) at 0.28%. This indicates that STHY.L's price experiences larger fluctuations and is considered to be riskier than IBTU.L 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 | IBTU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 0.28% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 0.77% | +2.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.51% | 1.11% | +2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.43% | 1.02% | +4.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.25% | 0.95% | +5.30% |
STHY.L vs. IBTU.L - Expense Ratio Comparison
STHY.L has a 0.55% expense ratio, which is higher than IBTU.L's 0.07% expense ratio.
Dividends
STHY.L vs. IBTU.L - Dividend Comparison
STHY.L's dividend yield for the trailing twelve months is around 6.94%, more than IBTU.L's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTU.L iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) | 4.05% | 4.43% | 6.82% | 3.99% | 0.44% | 0.10% | 1.28% | 1.21% | 0.00% | 0.00% | 0.00% | 0.00% |
STHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income | 6.94% | 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 IBTU.L have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTU.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTU.L is cheaper with a 0.07% expense ratio, compared with 0.55% for STHY.L.
STHY.L is categorized as High Yield Bonds, while IBTU.L is Government Bonds. STHY.L tracks ICE BofA 0-5 Year US High Yield Constrained Index, while IBTU.L tracks ICE U.S. Treasury Short Bond Index. They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.55% for STHY.L and 0.07% for IBTU.L.
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