STHY.L vs. TAHY.L

Last updated Jul 16, 2026

STHY.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income) and TAHY.L (Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc) are both High Yield Bonds funds - STHY.L tracks the ICE BofA 0-5 Year US High Yield Constrained Index while TAHY.L tracks the Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc. Both are passively managed. Over the past 3 years, STHY.L returned 8.30%/yr vs 8.17%/yr for TAHY.L. At a 0.18 correlation, their price movements are largely independent.

Performance

STHY.L vs. TAHY.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income (STHY.L) and Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc (TAHY.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STHY.L achieves a 2.08% return, which is significantly lower than TAHY.L's 3.88% 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%

TAHY.L

• 1D: 0.00%
• 1M: 0.00%
• 6M: 3.11%
• YTD: 3.88%
• 1Y: 6.69%
• 3Y*: 8.17%
• 5Y*: —
• 10Y*: —

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

STHY.L vs. TAHY.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
STHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income	2.08%	8.60%	8.43%	11.65%	-4.82%	0.47%
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc	3.88%	7.26%	17.54%	-10.74%	-18.39%	-13.10%

Correlation

The correlation between STHY.L and TAHY.L is 0.09, 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	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021	0.18

Return for Risk

STHY.L vs. TAHY.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

STHY.L

STHY.L Risk / Return Rank: 80
STHY.L Sharpe Ratio Rank: 71
STHY.L Sortino Ratio Rank: 77
STHY.L Omega Ratio Rank: 80
STHY.L Calmar Ratio Rank: 85
STHY.L Martin Ratio Rank: 87

TAHY.L

TAHY.L Risk / Return Rank: 69
TAHY.L Sharpe Ratio Rank: 71
TAHY.L Sortino Ratio Rank: 74
TAHY.L Omega Ratio Rank: 81
TAHY.L Calmar Ratio Rank: 64
TAHY.L Martin Ratio Rank: 55

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.

STHY.L vs. TAHY.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 Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc (TAHY.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	TAHY.L	Difference
Sharpe ratio: Return per unit of total volatility	1.85	1.83	+0.02
Sortino ratio: Return per unit of downside risk	2.75	2.68	+0.08
Omega ratio: Gain probability vs. loss probability	1.37	1.38	-0.01
Calmar ratio: Return relative to maximum drawdown	3.70	2.59	+1.11
Martin ratio: Return relative to average drawdown	14.49	7.38	+7.11

STHY.L vs. TAHY.L - Sharpe Ratio Comparison

The current STHY.L Sharpe Ratio is 1.85, which is comparable to the TAHY.L Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of STHY.L and TAHY.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

STHY.L vs. TAHY.L - Drawdown Comparison

The maximum STHY.L drawdown since its inception was -21.74%, smaller than the maximum TAHY.L drawdown of -51.61%. Use the drawdown chart below to compare losses from any high point for STHY.L and TAHY.L.

Drawdown Indicators

	STHY.L	TAHY.L	Difference
Max Drawdown Largest peak-to-trough decline	-21.74%	-51.61%	+29.87%
Max Drawdown (1Y) Largest decline over 1 year	-1.75%	-2.57%	+0.82%
Max Drawdown (3Y) Largest decline over 3 years	-4.67%	-11.20%	+6.53%
Max Drawdown (5Y) Largest decline over 5 years	-9.55%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-21.74%	—	—
Current Drawdown Current decline from peak	0.00%	-17.10%	+17.10%
Average Drawdown Average peak-to-trough decline	-1.42%	-26.81%	+25.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.45%	0.91%	-0.46%

Volatility

STHY.L vs. TAHY.L - Volatility Comparison

The current volatility for PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income (STHY.L) is 0.92%, while Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc (TAHY.L) has a volatility of 1.07%. This indicates that STHY.L experiences smaller price fluctuations and is considered to be less risky than TAHY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STHY.L	TAHY.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.92%	1.07%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	2.89%	2.83%	+0.06%
Volatility (1Y) Calculated over the trailing 1-year period	3.51%	3.64%	-0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.43%	13.09%	-7.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.25%	13.09%	-6.84%

Dividends

STHY.L vs. TAHY.L - Dividend Comparison

STHY.L's dividend yield for the trailing twelve months is around 6.94%, while TAHY.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both STHY.L and TAHY.L in my portfolio?

STHY.L and TAHY.L have a correlation of 0.09, 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 STHY.L and TAHY.L?

STHY.L tracks ICE BofA 0-5 Year US High Yield Constrained Index, while TAHY.L tracks Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc. They also come from different issuers: PIMCO and Janus Henderson.