GFA.L vs. STYC.L
GFA.L (VanEck Global Fallen Angel High Yield Bond UCITS ETF) and STYC.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc) are both High Yield Bonds funds - GFA.L tracks the VanEck Global Fallen Angel High Yield Bond UCITS ETF while STYC.L tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, GFA.L returned 2.71%/yr vs 5.14%/yr for STYC.L. A 0.67 correlation means they provide meaningful diversification when combined. GFA.L charges 0.40%/yr vs 0.55%/yr for STYC.L.
Performance
GFA.L vs. STYC.L - Performance Comparison
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Returns By Period
In the year-to-date period, GFA.L achieves a 2.23% return, which is significantly higher than STYC.L's 1.69% return.
GFA.L
- 1D
- -1.58%
- 1M
- -1.67%
- 6M
- 2.02%
- YTD
- 2.23%
- 1Y
- 5.68%
- 3Y*
- 7.70%
- 5Y*
- 2.71%
- 10Y*
- —
STYC.L
- 1D
- 0.08%
- 1M
- -0.11%
- 6M
- 1.33%
- YTD
- 1.69%
- 1Y
- 6.20%
- 3Y*
- 8.33%
- 5Y*
- 5.14%
- 10Y*
- 5.26%
GFA.L vs. STYC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GFA.L VanEck Global Fallen Angel High Yield Bond UCITS ETF | 2.23% | 9.97% | 6.02% | 10.29% | -12.56% | 1.93% | 16.95% | 13.34% | -3.62% |
STYC.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc | 1.69% | 9.13% | 8.08% | 11.66% | -4.84% | 4.37% | 3.84% | 10.02% | -0.87% |
Correlation
The correlation between GFA.L and STYC.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2018 | 0.67 |
The correlation between GFA.L and STYC.L shifts across timeframes, from 0.48 (1 year) to 0.72 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GFA.L vs. STYC.L — Risk / Return Rank
GFA.L
STYC.L
GFA.L vs. STYC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFA.L) and PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc (STYC.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.
| GFA.L | STYC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.35 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 3.67 | -2.24 |
| Martin ratioReturn relative to average drawdown | 3.83 | 14.40 | -10.57 |
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Drawdowns
GFA.L vs. STYC.L - Drawdown Comparison
The maximum GFA.L drawdown since its inception was -22.98%, which is greater than STYC.L's maximum drawdown of -21.57%. Use the drawdown chart below to compare losses from any high point for GFA.L and STYC.L.
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Drawdown Indicators
| GFA.L | STYC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.98% | -21.57% | -1.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -1.68% | -2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -5.14% | -5.94% | +0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -22.54% | -9.62% | -12.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.57% | — |
Current DrawdownCurrent decline from peak | -2.07% | -0.11% | -1.96% |
Average DrawdownAverage peak-to-trough decline | -4.38% | -1.65% | -2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 0.43% | +1.02% |
Volatility
GFA.L vs. STYC.L - Volatility Comparison
VanEck Global Fallen Angel High Yield Bond UCITS ETF (GFA.L) has a higher volatility of 2.17% compared to PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc (STYC.L) at 0.51%. This indicates that GFA.L's price experiences larger fluctuations and is considered to be riskier than STYC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GFA.L | STYC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.17% | 0.51% | +1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 5.88% | 2.70% | +3.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.68% | 3.39% | +3.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.29% | 5.71% | +2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.44% | 6.43% | +2.01% |
GFA.L vs. STYC.L - Expense Ratio Comparison
GFA.L has a 0.40% expense ratio, which is lower than STYC.L's 0.55% expense ratio.
Dividends
GFA.L vs. STYC.L - Dividend Comparison
Neither GFA.L nor STYC.L has paid dividends to shareholders.
Frequently Asked Questions
GFA.L and STYC.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GFA.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GFA.L is cheaper with a 0.40% expense ratio, compared with 0.55% for STYC.L.
GFA.L tracks VanEck Global Fallen Angel High Yield Bond UCITS ETF, while STYC.L tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: VanEck and PIMCO. Their fees differ too: 0.40% for GFA.L and 0.55% for STYC.L.
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