TAHY.L vs. SSHY.L
TAHY.L (Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc)) and SSHY.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist) are both High Yield Bonds funds - TAHY.L tracks the iBoxx MSCI Scored & Screened Tilted USD Asia ex-Japan High Yield Capped TCA Index while SSHY.L tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 3 years, TAHY.L returned 8.17%/yr vs 8.31%/yr for SSHY.L. At a 0.16 correlation, their price movements are largely independent. TAHY.L charges 0.60%/yr vs 0.55%/yr for SSHY.L.
Performance
TAHY.L vs. SSHY.L - Performance Comparison
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Different Trading Currencies
TAHY.L is traded in USD, while SSHY.L is traded in GBP. To make them comparable, the SSHY.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TAHY.L achieves a 3.88% return, which is significantly higher than SSHY.L's 1.74% return.
TAHY.L
- 1D
- 0.00%
- 1M
- 0.24%
- 6M
- 2.85%
- YTD
- 3.88%
- 1Y
- 6.69%
- 3Y*
- 8.17%
- 5Y*
- —
- 10Y*
- —
SSHY.L
- 1D
- -0.14%
- 1M
- 0.93%
- 6M
- 1.51%
- YTD
- 1.74%
- 1Y
- 6.01%
- 3Y*
- 8.31%
- 5Y*
- 5.20%
- 10Y*
- 5.31%
TAHY.L vs. SSHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) | 3.88% | 7.26% | 17.54% | -10.74% | -18.39% | -13.10% |
SSHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist | 1.74% | 9.05% | 8.34% | 11.06% | -4.83% | 0.93% |
Correlation
The correlation between TAHY.L and SSHY.L is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.16 |
The correlation between TAHY.L and SSHY.L shifts across timeframes, from 0.04 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TAHY.L vs. SSHY.L — Risk / Return Rank
TAHY.L
SSHY.L
TAHY.L vs. SSHY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) (TAHY.L) and PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.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.
| TAHY.L | SSHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.21 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 2.32 | +0.27 |
| Martin ratioReturn relative to average drawdown | 7.38 | 9.74 | -2.36 |
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Drawdowns
TAHY.L vs. SSHY.L - Drawdown Comparison
The maximum TAHY.L drawdown since its inception was -51.61%, which is greater than SSHY.L's maximum drawdown of -41.58%. Use the drawdown chart below to compare losses from any high point for TAHY.L and SSHY.L.
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Drawdown Indicators
| TAHY.L | SSHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.61% | -41.58% | -10.03% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -2.58% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -9.81% | -5.07% | -4.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.73% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.77% | — |
Current DrawdownCurrent decline from peak | -17.10% | -0.32% | -16.78% |
Average DrawdownAverage peak-to-trough decline | -26.81% | -18.91% | -7.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.62% | +0.29% |
Volatility
TAHY.L vs. SSHY.L - Volatility Comparison
The current volatility for Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (Acc) (TAHY.L) is 1.07%, while PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.L) has a volatility of 1.31%. This indicates that TAHY.L experiences smaller price fluctuations and is considered to be less risky than SSHY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAHY.L | SSHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 1.31% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 3.92% | -1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 4.87% | -1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.09% | 6.66% | +6.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.09% | 7.40% | +5.69% |
TAHY.L vs. SSHY.L - Expense Ratio Comparison
TAHY.L has a 0.60% expense ratio, which is higher than SSHY.L's 0.55% expense ratio.
Dividends
TAHY.L vs. SSHY.L - Dividend Comparison
TAHY.L has not paid dividends to shareholders, while SSHY.L's dividend yield for the trailing twelve months is around 7.02%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist | 7.02% | 7.33% | 7.48% | 6.52% | 4.86% | 4.47% | 5.24% | 5.27% | 5.10% | 5.48% | 4.92% | 5.11% |
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corporate USD Bond Screened Core UCITS ETF USD (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
TAHY.L and SSHY.L have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SSHY.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SSHY.L is cheaper with a 0.55% expense ratio, compared with 0.60% for TAHY.L.
TAHY.L tracks iBoxx MSCI Scored & Screened Tilted USD Asia ex-Japan High Yield Capped TCA Index, while SSHY.L tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: Janus Henderson and PIMCO. Their fees differ too: 0.60% for TAHY.L and 0.55% for SSHY.L.
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