IHYE.L vs. STYC.L
IHYE.L (iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist)) and STYC.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc) are both High Yield Bonds funds - IHYE.L tracks the iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) while STYC.L tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, IHYE.L returned 1.67%/yr vs 5.74%/yr for STYC.L. At a 0.30 correlation, their price movements are largely independent. Both charge a 0.55% expense ratio.
Performance
IHYE.L vs. STYC.L - Performance Comparison
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Different Trading Currencies
IHYE.L is traded in EUR, while STYC.L is traded in USD. To make them comparable, the STYC.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IHYE.L achieves a 1.01% return, which is significantly lower than STYC.L's 4.13% return.
IHYE.L
- 1D
- 0.03%
- 1M
- 0.03%
- 6M
- 0.50%
- YTD
- 1.01%
- 1Y
- 4.16%
- 3Y*
- 5.96%
- 5Y*
- 1.67%
- 10Y*
- —
STYC.L
- 1D
- -0.39%
- 1M
- 0.92%
- 6M
- 2.87%
- YTD
- 4.13%
- 1Y
- 7.39%
- 3Y*
- 7.55%
- 5Y*
- 5.74%
- 10Y*
- 4.86%
IHYE.L vs. STYC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IHYE.L iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | 1.01% | 6.77% | 5.11% | 8.05% | -11.60% | 2.86% | 3.05% | 9.11% | -3.03% |
STYC.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc | 4.13% | -3.82% | 15.21% | 8.31% | 1.06% | 12.18% | -4.71% | 12.51% | 6.73% |
Correlation
The correlation between IHYE.L and STYC.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2018 | 0.30 |
The correlation between IHYE.L and STYC.L shifts across timeframes, from 0.11 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IHYE.L vs. STYC.L — Risk / Return Rank
IHYE.L
STYC.L
IHYE.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 EUR Hedged (Dist) (IHYE.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.
| IHYE.L | STYC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.21 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.97 | -0.39 |
| Martin ratioReturn relative to average drawdown | 6.44 | 6.74 | -0.30 |
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Drawdowns
IHYE.L vs. STYC.L - Drawdown Comparison
The maximum IHYE.L drawdown since its inception was -22.54%, which is greater than STYC.L's maximum drawdown of -21.07%. Use the drawdown chart below to compare losses from any high point for IHYE.L and STYC.L.
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Drawdown Indicators
| IHYE.L | STYC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.54% | -21.07% | -1.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.78% | -3.73% | +0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -4.70% | -12.21% | +7.51% |
Max Drawdown (5Y)Largest decline over 5 years | -15.54% | -12.21% | -3.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.07% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.04% | +2.04% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -4.38% | +0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 1.09% | -0.41% |
Volatility
IHYE.L vs. STYC.L - Volatility Comparison
The current volatility for iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IHYE.L) is 0.79%, while PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc (STYC.L) has a volatility of 1.68%. This indicates that IHYE.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
| IHYE.L | STYC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 1.68% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 4.81% | -2.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.78% | 6.44% | -2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.81% | 7.93% | -1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.12% | 8.65% | -0.53% |
IHYE.L vs. STYC.L - Expense Ratio Comparison
Both IHYE.L and STYC.L have an expense ratio of 0.55%.
Dividends
IHYE.L vs. STYC.L - Dividend Comparison
IHYE.L's dividend yield for the trailing twelve months is around 6.19%, while STYC.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IHYE.L iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | 6.19% | 6.07% | 6.32% | 5.59% | 5.13% | 4.35% | 4.82% | 5.59% | 3.88% |
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% |
Frequently Asked Questions
IHYE.L and STYC.L have a correlation of 0.11, 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.
IHYE.L and STYC.L have the same expense ratio: 0.55% per year.
IHYE.L tracks iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist), while STYC.L tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: iShares and PIMCO.
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