LDCU.L vs. STEA.L

Last updated Jul 18, 2026

LDCU.L (PIMCO US Low Duration Corporate Bond UCITS ETF Dist) and STEA.L (PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF EUR Hedged (Acc)) are both exchange-traded funds - LDCU.L is a Corporate Bonds fund tracking the Bloomberg US Corp 1-3 Yr TR USD, while STEA.L is a High Yield Bonds fund tracking the ICE BofA 0-5 Year US High Yield Constrained Index. Both are passively managed. Over the past 5 years, LDCU.L returned 2.35%/yr vs 2.48%/yr for STEA.L. At a 0.26 correlation, their price movements are largely independent. LDCU.L charges 0.49%/yr vs 0.60%/yr for STEA.L.

Performance

LDCU.L vs. STEA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO US Low Duration Corporate Bond UCITS ETF Dist (LDCU.L) and PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) (STEA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LDCU.L is traded in USD, while STEA.L is traded in EUR. To make them comparable, the STEA.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, LDCU.L achieves a 0.77% return, which is significantly higher than STEA.L's -2.07% return.

LDCU.L

• 1D: -0.01%
• 1M: 0.10%
• 6M: 0.68%
• YTD: 0.77%
• 1Y: 3.84%
• 3Y*: 5.36%
• 5Y*: 2.35%
• 10Y*: 2.84%

STEA.L

• 1D: -0.09%
• 1M: -0.69%
• 6M: -0.95%
• YTD: -2.07%
• 1Y: 2.40%
• 3Y*: 6.80%
• 5Y*: 2.48%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LDCU.L vs. STEA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LDCU.L PIMCO US Low Duration Corporate Bond UCITS ETF Dist	0.77%	6.55%	5.24%	6.22%	-5.40%	-0.40%	4.56%	7.02%	1.00%	-0.03%
STEA.L PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF EUR Hedged (Acc)	-2.07%	20.91%	0.06%	12.59%	-12.51%	-3.61%	10.46%	4.72%	-7.90%	2.01%

Correlation

The correlation between LDCU.L and STEA.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (All Time) Calculated using the full available price history since Dec 11, 2017	0.26

Return for Risk

LDCU.L vs. STEA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LDCU.L

LDCU.L Risk / Return Rank: 51
LDCU.L Sharpe Ratio Rank: 51
LDCU.L Sortino Ratio Rank: 57
LDCU.L Omega Ratio Rank: 49
LDCU.L Calmar Ratio Rank: 46
LDCU.L Martin Ratio Rank: 49

STEA.L

STEA.L Risk / Return Rank: 47
STEA.L Sharpe Ratio Rank: 42
STEA.L Sortino Ratio Rank: 44
STEA.L Omega Ratio Rank: 42
STEA.L Calmar Ratio Rank: 47
STEA.L Martin Ratio Rank: 58

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LDCU.L vs. STEA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO US Low Duration Corporate Bond UCITS ETF Dist (LDCU.L) and PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) (STEA.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.

	LDCU.L	STEA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.37	0.31	+1.06
Sortino ratio: Return per unit of downside risk	2.11	0.49	+1.61
Omega ratio: Gain probability vs. loss probability	1.25	1.06	+0.19
Calmar ratio: Return relative to maximum drawdown	1.81	0.36	+1.45
Martin ratio: Return relative to average drawdown	6.39	0.82	+5.57

LDCU.L vs. STEA.L - Sharpe Ratio Comparison

The current LDCU.L Sharpe Ratio is 1.37, which is higher than the STEA.L Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of LDCU.L and STEA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LDCU.L vs. STEA.L - Drawdown Comparison

The maximum LDCU.L drawdown since its inception was -9.42%, smaller than the maximum STEA.L drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for LDCU.L and STEA.L.

Drawdown Indicators

	LDCU.L	STEA.L	Difference
Max Drawdown Largest peak-to-trough decline	-9.42%	-31.34%	+21.92%
Max Drawdown (1Y) Largest decline over 1 year	-2.10%	-6.67%	+4.57%
Max Drawdown (3Y) Largest decline over 3 years	-2.10%	-8.11%	+6.01%
Max Drawdown (5Y) Largest decline over 5 years	-9.42%	-27.26%	+17.84%
Max Drawdown (10Y) Largest decline over 10 years	-9.42%	—	—
Current Drawdown Current decline from peak	-0.33%	-4.79%	+4.46%
Average Drawdown Average peak-to-trough decline	-1.26%	-8.20%	+6.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.60%	2.94%	-2.34%

Volatility

LDCU.L vs. STEA.L - Volatility Comparison

The current volatility for PIMCO US Low Duration Corporate Bond UCITS ETF Dist (LDCU.L) is 0.47%, while PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) (STEA.L) has a volatility of 1.55%. This indicates that LDCU.L experiences smaller price fluctuations and is considered to be less risky than STEA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LDCU.L	STEA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.47%	1.55%	-1.08%
Volatility (6M) Calculated over the trailing 6-month period	1.64%	5.90%	-4.26%
Volatility (1Y) Calculated over the trailing 1-year period	2.77%	7.79%	-5.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.11%	10.55%	-7.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.69%	10.81%	-8.12%

LDCU.L vs. STEA.L - Expense Ratio Comparison

LDCU.L has a 0.49% expense ratio, which is lower than STEA.L's 0.60% expense ratio.

Dividends

LDCU.L vs. STEA.L - Dividend Comparison

LDCU.L's dividend yield for the trailing twelve months is around 4.55%, while STEA.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LDCU.L PIMCO US Low Duration Corporate Bond UCITS ETF Dist	4.55%	4.42%	4.40%	3.45%	1.93%	1.77%	2.17%	2.96%	2.75%	2.26%	2.37%	2.13%
STEA.L PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF EUR Hedged (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

Can I hold both LDCU.L and STEA.L in my portfolio?

LDCU.L and STEA.L have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LDCU.L or STEA.L?

On fees, LDCU.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LDCU.L or STEA.L?

LDCU.L is cheaper with a 0.49% expense ratio, compared with 0.60% for STEA.L.

What is the main difference between LDCU.L and STEA.L?

LDCU.L is categorized as Corporate Bonds, while STEA.L is High Yield Bonds. LDCU.L tracks Bloomberg US Corp 1-3 Yr TR USD, while STEA.L tracks ICE BofA 0-5 Year US High Yield Constrained Index. Their fees differ too: 0.49% for LDCU.L and 0.60% for STEA.L.