IGHY.L vs. STYC.L
IGHY.L (iShares Global High Yield Corporate Bond UCITS ETF) and STYC.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc) are both High Yield Bonds funds - IGHY.L tracks the ICE BofA Gbl HY Constnd TR USD while STYC.L tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 10 years, IGHY.L returned 0.37%/yr vs 6.28%/yr for STYC.L. A 0.71 correlation means they provide meaningful diversification when combined. IGHY.L charges 0.50%/yr vs 0.55%/yr for STYC.L.
Performance
IGHY.L vs. STYC.L - Performance Comparison
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Different Trading Currencies
IGHY.L is traded in GBP, while STYC.L is traded in USD. To make them comparable, the STYC.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IGHY.L achieves a -2.13% return, which is significantly lower than STYC.L's 1.82% return. Over the past 10 years, IGHY.L has underperformed STYC.L with an annualized return of 0.37%, while STYC.L has yielded a comparatively higher 6.28% annualized return.
IGHY.L
- 1D
- 0.16%
- 1M
- 1.11%
- YTD
- -2.13%
- 6M
- -1.93%
- 1Y
- 1.29%
- 3Y*
- 0.50%
- 5Y*
- -0.88%
- 10Y*
- 0.37%
STYC.L
- 1D
- -0.02%
- 1M
- 1.34%
- YTD
- 1.82%
- 6M
- 1.28%
- 1Y
- 8.26%
- 3Y*
- 6.01%
- 5Y*
- 6.34%
- 10Y*
- 6.28%
IGHY.L vs. STYC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGHY.L iShares Global High Yield Corporate Bond UCITS ETF | -2.13% | 1.20% | -1.38% | 1.98% | -5.02% | -3.21% | -0.41% | 3.09% | -2.90% | -4.78% |
STYC.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc | 1.82% | 1.35% | 9.97% | 6.08% | 6.48% | 5.36% | 0.79% | 5.84% | 5.28% | -3.67% |
Correlation
The correlation between IGHY.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 | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since May 19, 2015 | 0.71 |
The correlation between IGHY.L and STYC.L shifts across timeframes, from 0.52 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IGHY.L vs. STYC.L — Risk / Return Rank
IGHY.L
STYC.L
IGHY.L vs. STYC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corporate Bond UCITS ETF (IGHY.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.
| IGHY.L | STYC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.22 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 2.06 | -1.81 |
| Martin ratioReturn relative to average drawdown | 0.64 | 6.39 | -5.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IGHY.L | STYC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.21 | 1.25 | -1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.76 | -0.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.04 | 0.64 | -0.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | 0.65 | -0.84 |
Drawdowns
IGHY.L vs. STYC.L - Drawdown Comparison
The maximum IGHY.L drawdown since its inception was -38.62%, which is greater than STYC.L's maximum drawdown of -15.73%. Use the drawdown chart below to compare losses from any high point for IGHY.L and STYC.L.
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Drawdown Indicators
| IGHY.L | STYC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.62% | -15.73% | -22.89% |
Max Drawdown (1Y)Largest decline over 1 year | -5.16% | -3.99% | -1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -6.33% | -9.53% | +3.20% |
Max Drawdown (5Y)Largest decline over 5 years | -11.28% | -11.00% | -0.28% |
Max Drawdown (10Y)Largest decline over 10 years | -20.95% | -15.73% | -5.22% |
Current DrawdownCurrent decline from peak | -29.35% | -0.86% | -28.49% |
Average DrawdownAverage peak-to-trough decline | -27.58% | -4.03% | -23.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 1.29% | +0.71% |
Volatility
IGHY.L vs. STYC.L - Volatility Comparison
The current volatility for iShares Global High Yield Corporate Bond UCITS ETF (IGHY.L) is 1.33%, while PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc (STYC.L) has a volatility of 2.13%. This indicates that IGHY.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.
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Volatility by Period
| IGHY.L | STYC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 2.13% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 4.95% | 5.12% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.24% | 6.55% | -0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.25% | 8.33% | -1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.12% | 9.86% | -0.74% |
IGHY.L vs. STYC.L - Expense Ratio Comparison
IGHY.L has a 0.50% expense ratio, which is lower than STYC.L's 0.55% expense ratio.
Dividends
IGHY.L vs. STYC.L - Dividend Comparison
IGHY.L's dividend yield for the trailing twelve months is around 0.06%, while STYC.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGHY.L iShares Global High Yield Corporate Bond UCITS ETF | 0.06% | 0.05% | 0.05% | 0.05% | 0.04% | 0.04% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
STYC.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGHY.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.
On fees, IGHY.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGHY.L is cheaper with a 0.50% expense ratio, compared with 0.55% for STYC.L.
IGHY.L tracks ICE BofA Gbl HY Constnd TR USD, 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 IGHY.L and 0.55% for STYC.L.
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