JHYP.L vs. STYC.L
JHYP.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist)) and STYC.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc) are both High Yield Bonds funds - JHYP.L tracks the ICE BofA Gbl HY Constnd TR HGBP while STYC.L tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, JHYP.L returned 3.69%/yr vs 6.34%/yr for STYC.L. At a 0.17 correlation, their price movements are largely independent. JHYP.L charges 0.35%/yr vs 0.55%/yr for STYC.L.
Performance
JHYP.L vs. STYC.L - Performance Comparison
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Different Trading Currencies
JHYP.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, JHYP.L achieves a 2.14% return, which is significantly higher than STYC.L's 1.82% return.
JHYP.L
- 1D
- 0.13%
- 1M
- 0.30%
- YTD
- 2.14%
- 6M
- 2.85%
- 1Y
- 8.24%
- 3Y*
- 8.74%
- 5Y*
- 3.69%
- 10Y*
- —
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%
JHYP.L vs. STYC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JHYP.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) | 2.14% | 9.26% | 7.69% | 9.79% | -10.02% | 2.97% | 14.80% |
STYC.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc | 1.79% | 1.35% | 9.97% | 6.08% | 6.48% | 5.36% | 6.06% |
Correlation
The correlation between JHYP.L and STYC.L is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since May 1, 2020 | 0.17 |
The correlation between JHYP.L and STYC.L shifts across timeframes, from 0.05 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JHYP.L vs. STYC.L — Risk / Return Rank
JHYP.L
STYC.L
JHYP.L vs. STYC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) (JHYP.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.
| JHYP.L | STYC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.22 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 2.06 | +1.35 |
| Martin ratioReturn relative to average drawdown | 14.15 | 6.39 | +7.76 |
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
| JHYP.L | STYC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 1.25 | +0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.76 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.65 | +0.36 |
Drawdowns
JHYP.L vs. STYC.L - Drawdown Comparison
The maximum JHYP.L drawdown since its inception was -15.44%, roughly equal to the maximum STYC.L drawdown of -15.73%. Use the drawdown chart below to compare losses from any high point for JHYP.L and STYC.L.
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Drawdown Indicators
| JHYP.L | STYC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.44% | -15.73% | +0.29% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -3.99% | +1.53% |
Max Drawdown (3Y)Largest decline over 3 years | -4.58% | -9.53% | +4.95% |
Max Drawdown (5Y)Largest decline over 5 years | -15.44% | -11.00% | -4.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.73% | — |
Current DrawdownCurrent decline from peak | -0.03% | -0.86% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -3.22% | -4.03% | +0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 1.29% | -0.70% |
Volatility
JHYP.L vs. STYC.L - Volatility Comparison
The current volatility for JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) (JHYP.L) is 1.06%, while PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc (STYC.L) has a volatility of 2.13%. This indicates that JHYP.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
| JHYP.L | STYC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 2.13% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 5.12% | -2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 6.55% | -2.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.62% | 8.33% | -2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.68% | 9.86% | -4.18% |
JHYP.L vs. STYC.L - Expense Ratio Comparison
JHYP.L has a 0.35% expense ratio, which is lower than STYC.L's 0.55% expense ratio.
Dividends
JHYP.L vs. STYC.L - Dividend Comparison
JHYP.L's dividend yield for the trailing twelve months is around 5.97%, while STYC.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
JHYP.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF - GBP Hedged (dist) | 5.97% | 6.58% | 5.96% | 8.55% | 5.62% | 4.37% | 0.69% |
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% |
Frequently Asked Questions
JHYP.L and STYC.L have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JHYP.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JHYP.L is cheaper with a 0.35% expense ratio, compared with 0.55% for STYC.L.
JHYP.L tracks ICE BofA Gbl HY Constnd TR HGBP, while STYC.L tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: JPMorgan and PIMCO. Their fees differ too: 0.35% for JHYP.L and 0.55% for STYC.L.
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