XUHY.L vs. STHE.L
XUHY.L (Xtrackers USD High Yield Corporate Bond UCITS ETF 1D) and STHE.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Inc EUR Hedged) are both High Yield Bonds funds - XUHY.L tracks the Bloomberg US Corporate High Yield TR USD while STHE.L tracks the ICE BofA 0-5 Year US High Yield Constrained Index. Both are passively managed. Over the past 5 years, XUHY.L returned 3.95%/yr vs 2.27%/yr for STHE.L. A 0.52 correlation means they provide meaningful diversification when combined. XUHY.L charges 0.20%/yr vs 0.60%/yr for STHE.L.
Performance
XUHY.L vs. STHE.L - Performance Comparison
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Different Trading Currencies
XUHY.L is traded in USD, while STHE.L is traded in EUR. To make them comparable, the STHE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XUHY.L achieves a 1.63% return, which is significantly higher than STHE.L's -0.42% return.
XUHY.L
- 1D
- 0.08%
- 1M
- 0.28%
- YTD
- 1.63%
- 6M
- 2.42%
- 1Y
- 7.61%
- 3Y*
- 8.86%
- 5Y*
- 3.95%
- 10Y*
- —
STHE.L
- 1D
- 0.26%
- 1M
- -0.95%
- YTD
- -0.42%
- 6M
- 0.83%
- 1Y
- 6.46%
- 3Y*
- 9.61%
- 5Y*
- 2.27%
- 10Y*
- 3.58%
XUHY.L vs. STHE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XUHY.L Xtrackers USD High Yield Corporate Bond UCITS ETF 1D | 1.63% | 9.20% | 7.08% | 13.52% | -11.96% | 3.50% | 5.99% | 15.61% | -0.01% |
STHE.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Inc EUR Hedged | -0.42% | 20.73% | 0.24% | 12.40% | -12.57% | -3.54% | 10.80% | 4.73% | -10.12% |
Correlation
The correlation between XUHY.L and STHE.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018 | 0.52 |
The correlation between XUHY.L and STHE.L shifts across timeframes, from 0.41 (1 year) to 0.54 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XUHY.L vs. STHE.L — Risk / Return Rank
XUHY.L
STHE.L
XUHY.L vs. STHE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.L) and PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Inc EUR Hedged (STHE.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.
| XUHY.L | STHE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.16 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 1.02 | +1.78 |
| Martin ratioReturn relative to average drawdown | 12.55 | 2.78 | +9.77 |
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
| XUHY.L | STHE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 0.89 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.21 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.14 | +0.44 |
Drawdowns
XUHY.L vs. STHE.L - Drawdown Comparison
The maximum XUHY.L drawdown since its inception was -22.78%, smaller than the maximum STHE.L drawdown of -33.58%. Use the drawdown chart below to compare losses from any high point for XUHY.L and STHE.L.
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Drawdown Indicators
| XUHY.L | STHE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.78% | -33.58% | +10.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -6.62% | +4.05% |
Max Drawdown (3Y)Largest decline over 3 years | -4.78% | -8.13% | +3.35% |
Max Drawdown (5Y)Largest decline over 5 years | -16.60% | -28.69% | +12.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.89% | — |
Current DrawdownCurrent decline from peak | -0.14% | -3.33% | +3.19% |
Average DrawdownAverage peak-to-trough decline | -2.93% | -10.52% | +7.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 2.44% | -1.86% |
Volatility
XUHY.L vs. STHE.L - Volatility Comparison
The current volatility for Xtrackers USD High Yield Corporate Bond UCITS ETF 1D (XUHY.L) is 1.45%, while PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Inc EUR Hedged (STHE.L) has a volatility of 1.72%. This indicates that XUHY.L experiences smaller price fluctuations and is considered to be less risky than STHE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUHY.L | STHE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 1.72% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 3.45% | 5.42% | -1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 7.62% | -3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.57% | 10.61% | -3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.62% | 10.93% | -2.31% |
XUHY.L vs. STHE.L - Expense Ratio Comparison
XUHY.L has a 0.20% expense ratio, which is lower than STHE.L's 0.60% expense ratio.
Dividends
XUHY.L vs. STHE.L - Dividend Comparison
XUHY.L's dividend yield for the trailing twelve months is around 6.64%, less than STHE.L's 7.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
STHE.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Inc EUR Hedged | 7.08% | 7.17% | 7.64% | 6.27% | 4.99% | 4.57% | 4.88% | 5.14% | 5.37% | 5.18% | 5.41% | 5.28% |
XUHY.L Xtrackers USD High Yield Corporate Bond UCITS ETF 1D | 6.64% | 6.29% | 7.64% | 5.89% | 6.12% | 9.57% | 5.49% | 4.83% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XUHY.L and STHE.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUHY.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUHY.L is cheaper with a 0.20% expense ratio, compared with 0.60% for STHE.L.
XUHY.L tracks Bloomberg US Corporate High Yield TR USD, while STHE.L tracks ICE BofA 0-5 Year US High Yield Constrained Index. They also come from different issuers: Xtrackers and PIMCO. Their fees differ too: 0.20% for XUHY.L and 0.60% for STHE.L.
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