- Issuer
- PIMCO
- Inception Date
- Dec 11, 2017
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF EUR (Hedged) Acc
- Distribution Policy
- Accumulating
- Asset Class
- Bond
Share Price Chart
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Performance
STEA.L Performance Chart
PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF EUR (Hedged) Acc (STEA.L) is up 0.5% since the beginning of the year. STEA.L is currently trading at €126 per share. Investors who bought €1,000 worth of STEA.L shares 5 years ago would now be looking at an investment worth €1,165.
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Returns By Period
PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF EUR (Hedged) Acc (STEA.L) has returned 0.53% so far this year and 4.04% over the past 12 months.
PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF EUR (Hedged) Acc
- 1D
- -0.15%
- 1M
- -0.21%
- 6M
- 0.45%
- YTD
- 0.53%
- 1Y
- 4.04%
- 3Y*
- 6.23%
- 5Y*
- 3.11%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.09%
- 1M
- 1.27%
- 6M
- 10.98%
- YTD
- 13.27%
- 1Y
- 22.64%
- 3Y*
- 18.04%
- 5Y*
- 12.49%
- 10Y*
- 12.92%
STEA.L Monthly Returns History
Based on dividend-adjusted daily data since Dec 11, 2017, STEA.L's average daily return is +0.01%, while the average monthly return is +0.24%. At this rate, an investment would double in approximately 24.1 years.
Historically, 63% of months were positive and 37% were negative. The best month was Jul 2022 with a return of +4.6%, while the worst month was Mar 2020 at -11.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, STEA.L closed higher 53% of trading days. The best single day was Apr 9, 2020 with a return of +6.5%, while the worst single day was Mar 19, 2020 at -4.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.06% | 0.03% | -1.28% | 1.50% | 0.48% | -0.13% | 0.01% | 0.53% | |||||
| 2025 | 1.27% | 0.50% | -1.31% | 0.01% | 1.26% | 1.47% | 0.43% | 0.95% | 0.61% | 0.05% | 0.40% | 0.78% | 6.59% |
| 2024 | 0.11% | 0.15% | 0.71% | -0.73% | 0.75% | 0.81% | 1.54% | 1.24% | 1.55% | -0.68% | 1.22% | -0.20% | 6.65% |
| 2023 | 2.17% | -0.86% | 0.77% | 0.40% | -0.60% | 1.52% | 0.92% | 0.29% | -0.54% | -1.18% | 2.98% | 3.03% | 9.15% |
| 2022 | -2.12% | -0.71% | 0.67% | -2.32% | 0.21% | -5.71% | 4.60% | -1.97% | -1.79% | 1.64% | 0.95% | -0.22% | -6.91% |
| 2021 | -0.11% | 0.32% | 1.01% | 0.71% | 0.30% | 0.96% | -0.28% | 0.41% | -0.04% | -0.04% | -1.09% | 1.24% | 3.43% |
Benchmark Metrics
PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF EUR (Hedged) Acc has an annualized alpha of 1.02%, beta of 0.13, and R2 of 0.15 versus S&P 500 Index. Calculated based on daily prices since December 11, 2017.
- This ETF participated in 32.55% of S&P 500 Index downside but only 21.60% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.13 may look defensive, but with R2 of 0.15 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.15 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.02%
- Beta
- 0.13
- R²
- 0.15
- Upside Capture
- 21.60%
- Downside Capture
- 32.55%
Return for Risk
Risk / Return Rank
STEA.L ranks 45 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF EUR (Hedged) Acc (STEA.L) and compare them to S&P 500 Index.
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.
| STEA.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.33 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 3.01 | -1.11 |
| Martin ratioReturn relative to average drawdown | 7.74 | 11.10 | -3.36 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF EUR (Hedged) Acc. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF EUR (Hedged) Acc was 22.62%, occurring on Mar 23, 2020. Recovery took 182 trading sessions.
The current PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF EUR (Hedged) Acc drawdown is 0.21%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-22.62%Mar 2020 | 2mo 3d | 8mo 21d | 10mo 24dJan 2020 - Dec 2020 | COVID crash2020 |
-10.29%Sep 2022 | 10mo 24d | 1y 2mo | 2y 1moNov 2021 - Dec 2023 | Bear market2022 |
-5.61%Dec 2018 | 2mo 21d | 2mo 27d | 5mo 18dOct 2018 - Mar 2019 | Rate-hike selloffLate 2018 |
-4.85%Apr 2025 | 1mo 10d | 1mo 25d | 3mo 5dFeb 2025 - Jun 2025 | 2025 selloff2025 |
-2.14%Aug 2019 | 1mo 11d | 4mo 14d | 5mo 25dJul 2019 - Dec 2019 | — |
Drawdown Indicators
| STEA.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.62% | -51.17% | +28.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.10% | -7.57% | +5.47% |
Max Drawdown (3Y)Largest decline over 3 years | -4.85% | -23.99% | +19.14% |
Max Drawdown (5Y)Largest decline over 5 years | -10.29% | -23.99% | +13.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -0.21% | -0.52% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -2.17% | -8.90% | +6.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 2.04% | -1.52% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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