HYGU.L vs. STYC.L
HYGU.L (iShares € High Yield Corp Bond UCITS ETF) and STYC.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc) are both High Yield Bonds funds - HYGU.L tracks the iShares € High Yield Corp Bond UCITS ETF while STYC.L tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, HYGU.L returned 4.58%/yr vs 5.14%/yr for STYC.L. A 0.62 correlation means they provide meaningful diversification when combined. Both charge a 0.55% expense ratio.
Performance
HYGU.L vs. STYC.L - Performance Comparison
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Returns By Period
In the year-to-date period, HYGU.L achieves a 2.18% return, which is significantly higher than STYC.L's 1.69% return.
HYGU.L
- 1D
- -0.03%
- 1M
- 0.24%
- 6M
- 2.18%
- YTD
- 2.18%
- 1Y
- 5.22%
- 3Y*
- 8.18%
- 5Y*
- 4.58%
- 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%
HYGU.L vs. STYC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYGU.L iShares € High Yield Corp Bond UCITS ETF | 2.18% | 7.24% | 7.29% | 13.55% | -7.14% | 3.72% | 2.16% | 12.83% | -0.86% | 0.71% |
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% | -0.49% | 1.39% |
Correlation
The correlation between HYGU.L and STYC.L is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2017 | 0.62 |
The correlation between HYGU.L and STYC.L shifts across timeframes, from 0.52 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HYGU.L vs. STYC.L — Risk / Return Rank
HYGU.L
STYC.L
HYGU.L vs. STYC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € High Yield Corp Bond UCITS ETF (HYGU.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.
| HYGU.L | STYC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.35 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 3.67 | -1.67 |
| Martin ratioReturn relative to average drawdown | 8.61 | 14.40 | -5.79 |
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Drawdowns
HYGU.L vs. STYC.L - Drawdown Comparison
The maximum HYGU.L drawdown since its inception was -25.03%, 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 HYGU.L and STYC.L.
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Drawdown Indicators
| HYGU.L | STYC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.03% | -21.57% | -3.46% |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | -1.68% | -0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -3.62% | -5.94% | +2.32% |
Max Drawdown (5Y)Largest decline over 5 years | -13.61% | -9.62% | -3.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.57% | — |
Current DrawdownCurrent decline from peak | -0.16% | -0.11% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -1.65% | -0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 0.43% | +0.18% |
Volatility
HYGU.L vs. STYC.L - Volatility Comparison
iShares € High Yield Corp Bond UCITS ETF (HYGU.L) has a higher volatility of 0.62% compared to PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc (STYC.L) at 0.51%. This indicates that HYGU.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
| HYGU.L | STYC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 0.51% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 2.70% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 3.39% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 5.71% | -0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 6.43% | +0.67% |
HYGU.L vs. STYC.L - Expense Ratio Comparison
Both HYGU.L and STYC.L have an expense ratio of 0.55%.
Dividends
HYGU.L vs. STYC.L - Dividend Comparison
Neither HYGU.L nor STYC.L has paid dividends to shareholders.
Frequently Asked Questions
HYGU.L and STYC.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
HYGU.L and STYC.L have the same expense ratio: 0.55% per year.
HYGU.L tracks iShares € High Yield Corp Bond UCITS ETF, while STYC.L tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: iShares and PIMCO.
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