IBTA.L vs. STYC.L
IBTA.L (iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)) and STYC.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc) are both exchange-traded funds - IBTA.L is a Government Bonds fund tracking the ICE US Treasury 1-3 Year Index, while STYC.L is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, IBTA.L returned 1.87%/yr vs 5.21%/yr for STYC.L. At a 0.14 correlation, their price movements are largely independent. IBTA.L charges 0.07%/yr vs 0.55%/yr for STYC.L.
Performance
IBTA.L vs. STYC.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBTA.L achieves a 0.46% return, which is significantly lower than STYC.L's 1.41% return.
IBTA.L
- 1D
- 0.13%
- 1M
- 0.13%
- YTD
- 0.46%
- 6M
- 0.92%
- 1Y
- 3.43%
- 3Y*
- 4.23%
- 5Y*
- 1.87%
- 10Y*
- —
STYC.L
- 1D
- -0.02%
- 1M
- 0.42%
- YTD
- 1.41%
- 6M
- 1.99%
- 1Y
- 7.22%
- 3Y*
- 8.74%
- 5Y*
- 5.21%
- 10Y*
- 5.50%
IBTA.L vs. STYC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.46% | 5.30% | 4.11% | 4.15% | -3.75% | -0.64% | 3.14% | 3.58% | 1.44% | -0.05% |
STYC.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc | 1.41% | 9.13% | 8.08% | 11.66% | -4.84% | 4.37% | 3.84% | 10.02% | -0.61% | 3.03% |
Correlation
The correlation between IBTA.L and STYC.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2017 | 0.14 |
The correlation between IBTA.L and STYC.L shifts across timeframes, from 0.14 (all time) to 0.35 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBTA.L vs. STYC.L — Risk / Return Rank
IBTA.L
STYC.L
IBTA.L vs. STYC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.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.
| IBTA.L | STYC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.42 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.62 | 4.27 | +0.35 |
| Martin ratioReturn relative to average drawdown | 17.47 | 16.96 | +0.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IBTA.L | STYC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.80 | 2.13 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.91 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 0.76 | +0.32 |
Drawdowns
IBTA.L vs. STYC.L - Drawdown Comparison
The maximum IBTA.L drawdown since its inception was -5.80%, smaller than the maximum STYC.L drawdown of -21.57%. Use the drawdown chart below to compare losses from any high point for IBTA.L and STYC.L.
Loading charts...
Drawdown Indicators
| IBTA.L | STYC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.80% | -21.57% | +15.77% |
Max Drawdown (1Y)Largest decline over 1 year | -0.74% | -1.68% | +0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -0.89% | -5.94% | +5.05% |
Max Drawdown (5Y)Largest decline over 5 years | -5.70% | -9.62% | +3.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.57% | — |
Current DrawdownCurrent decline from peak | -0.13% | -0.02% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -0.97% | -1.67% | +0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 0.42% | -0.22% |
Volatility
IBTA.L vs. STYC.L - Volatility Comparison
The current volatility for iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L) is 0.43%, while PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc (STYC.L) has a volatility of 1.41%. This indicates that IBTA.L experiences smaller price fluctuations and is considered to be less risky than STYC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBTA.L | STYC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 1.41% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 0.86% | 2.69% | -1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.23% | 3.39% | -2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.00% | 5.70% | -3.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.76% | 6.49% | -4.73% |
IBTA.L vs. STYC.L - Expense Ratio Comparison
IBTA.L has a 0.07% expense ratio, which is lower than STYC.L's 0.55% expense ratio.
Dividends
IBTA.L vs. STYC.L - Dividend Comparison
Neither IBTA.L nor STYC.L has paid dividends to shareholders.
Frequently Asked Questions
IBTA.L and STYC.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTA.L is cheaper with a 0.07% expense ratio, compared with 0.55% for STYC.L.
IBTA.L is categorized as Government Bonds, while STYC.L is High Yield Bonds. IBTA.L tracks ICE US Treasury 1-3 Year Index, while STYC.L tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.07% for IBTA.L and 0.55% for STYC.L.
Find the right allocation for IBTA.L and STYC.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer