TAHY.L vs. STHY.L

Last updated Jul 16, 2026

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

Performance

TAHY.L vs. STHY.L - Performance Comparison

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

Returns By Period

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

TAHY.L

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

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%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
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%
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%

Correlation

The correlation between TAHY.L and STHY.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

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

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

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

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

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.

TAHY.L vs. STHY.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc (TAHY.L) and PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income (STHY.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	STHY.L	Difference
Sharpe ratio: Return per unit of total volatility	1.83	1.85	-0.02
Sortino ratio: Return per unit of downside risk	2.68	2.75	-0.08
Omega ratio: Gain probability vs. loss probability	1.38	1.37	+0.01
Calmar ratio: Return relative to maximum drawdown	2.59	3.70	-1.11
Martin ratio: Return relative to average drawdown	7.38	14.49	-7.11

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

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

TAHY.L vs. STHY.L - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

TAHY.L vs. STHY.L - Volatility Comparison

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

Volatility by Period

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

Dividends

TAHY.L vs. STHY.L - Dividend Comparison

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

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 TAHY.L and STHY.L in my portfolio?

TAHY.L and STHY.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 TAHY.L and STHY.L?

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