HYLA.L vs. STYC.L
HYLA.L (iShares Global 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 - HYLA.L tracks the iShares Global 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, HYLA.L returned 3.15%/yr vs 5.14%/yr for STYC.L. A 0.70 correlation means they provide meaningful diversification when combined. HYLA.L charges 0.50%/yr vs 0.55%/yr for STYC.L.
Performance
HYLA.L vs. STYC.L - Performance Comparison
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Returns By Period
In the year-to-date period, HYLA.L achieves a 0.70% return, which is significantly lower than STYC.L's 1.69% return.
HYLA.L
- 1D
- 0.12%
- 1M
- -0.32%
- 6M
- 0.56%
- YTD
- 0.70%
- 1Y
- 4.54%
- 3Y*
- 7.76%
- 5Y*
- 3.15%
- 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%
HYLA.L vs. STYC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYLA.L iShares Global High Yield Corp Bond UCITS ETF | 0.70% | 14.45% | 2.59% | 13.39% | -11.81% | -0.14% | 7.57% | 11.83% | -3.50% | -0.18% |
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% | -0.16% |
Correlation
The correlation between HYLA.L and STYC.L is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2017 | 0.70 |
Over the past year, the correlation between HYLA.L and STYC.L has dropped to 0.50 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.
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Return for Risk
HYLA.L vs. STYC.L — Risk / Return Rank
HYLA.L
STYC.L
HYLA.L vs. STYC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corp Bond UCITS ETF (HYLA.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.
| HYLA.L | STYC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.35 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 3.67 | -2.79 |
| Martin ratioReturn relative to average drawdown | 2.95 | 14.40 | -11.45 |
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Drawdowns
HYLA.L vs. STYC.L - Drawdown Comparison
The maximum HYLA.L drawdown since its inception was -24.42%, 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 HYLA.L and STYC.L.
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Drawdown Indicators
| HYLA.L | STYC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.42% | -21.57% | -2.85% |
Max Drawdown (1Y)Largest decline over 1 year | -4.62% | -1.68% | -2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -5.65% | -5.94% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -22.93% | -9.62% | -13.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.57% | — |
Current DrawdownCurrent decline from peak | -1.04% | -0.11% | -0.93% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -1.65% | -2.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 0.43% | +0.95% |
Volatility
HYLA.L vs. STYC.L - Volatility Comparison
iShares Global High Yield Corp Bond UCITS ETF (HYLA.L) has a higher volatility of 1.39% compared to PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc (STYC.L) at 0.51%. This indicates that HYLA.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
| HYLA.L | STYC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 0.51% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 4.67% | 2.70% | +1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.86% | 3.39% | +2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.19% | 5.71% | +2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.25% | 6.43% | +2.82% |
HYLA.L vs. STYC.L - Expense Ratio Comparison
HYLA.L has a 0.50% expense ratio, which is lower than STYC.L's 0.55% expense ratio.
Dividends
HYLA.L vs. STYC.L - Dividend Comparison
Neither HYLA.L nor STYC.L has paid dividends to shareholders.
Frequently Asked Questions
HYLA.L and STYC.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYLA.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYLA.L is cheaper with a 0.50% expense ratio, compared with 0.55% for STYC.L.
HYLA.L tracks iShares Global 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. Their fees differ too: 0.50% for HYLA.L and 0.55% for STYC.L.
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