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MIST.L vs. QUID.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MIST.L vs. QUID.L

Last updated Jul 16, 2026
Documentation

MIST.L (PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation) and QUID.L (PIMCO Sterling Short Maturity UCITS ETF) are both Global Equities funds from PIMCO - MIST.L tracks the PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation while QUID.L tracks the PIMCO Sterling Short Maturity UCITS ETF. Both are passively managed. Over the past 5 years, MIST.L returned 3.14%/yr vs 3.28%/yr for QUID.L. At a 0.31 correlation, their price movements are largely independent.

Performance

MIST.L vs. QUID.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.L) and PIMCO Sterling Short Maturity UCITS ETF (QUID.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with MIST.L having a 2.23% return and QUID.L slightly lower at 2.18%.

MIST.L

1D
0.00%
1M
0.32%
6M
2.06%
YTD
2.23%
1Y
4.37%
3Y*
5.04%
5Y*
3.14%
10Y*
—

QUID.L

1D
0.10%
1M
0.36%
6M
1.97%
YTD
2.18%
1Y
4.36%
3Y*
5.10%
5Y*
3.28%
10Y*
2.00%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MIST.L vs. QUID.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
MIST.L
PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation		2.23%4.61%5.53%5.01%-1.12%-0.36%0.63%0.28%
QUID.L
PIMCO Sterling Short Maturity UCITS ETF		2.18%4.89%5.67%4.95%-0.96%-0.07%0.71%0.29%

Correlation

The correlation between MIST.L and QUID.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.24

Correlation (3Y)
Calculated over the trailing 3-year period

0.26

Correlation (5Y)
Calculated over the trailing 5-year period

0.32

Correlation (All Time)
Calculated using the full available price history since Sep 25, 2019

0.31

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PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation

PIMCO Sterling Short Maturity UCITS ETF

Return for Risk

MIST.L vs. QUID.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MIST.L
MIST.L Risk / Return Rank: 100100
Overall Rank
MIST.L Sharpe Ratio Rank: 100100
Sharpe Ratio Rank
MIST.L Sortino Ratio Rank: 100100
Sortino Ratio Rank
MIST.L Omega Ratio Rank: 9999
Omega Ratio Rank
MIST.L Calmar Ratio Rank: 100100
Calmar Ratio Rank
MIST.L Martin Ratio Rank: 100100
Martin Ratio Rank
QUID.L
QUID.L Risk / Return Rank: 9999
Overall Rank
QUID.L Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
QUID.L Sortino Ratio Rank: 9999
Sortino Ratio Rank
QUID.L Omega Ratio Rank: 9999
Omega Ratio Rank
QUID.L Calmar Ratio Rank: 9898
Calmar Ratio Rank
QUID.L Martin Ratio Rank: 9999
Martin Ratio Rank
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.

MIST.L vs. QUID.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.L) and PIMCO Sterling Short Maturity UCITS ETF (QUID.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.

MIST.LQUID.LDifference
Sharpe ratioReturn per unit of total volatility
11.58
6.00

+5.58

Sortino ratioReturn per unit of downside risk
35.35
10.83

+24.53

Omega ratioGain probability vs. loss probability

7.17

2.80

+4.37

Calmar ratioReturn relative to maximum drawdown

101.64

9.83

+91.81

Martin ratioReturn relative to average drawdown

493.90

78.74

+415.16

MIST.L vs. QUID.L - Sharpe Ratio Comparison

The current MIST.L Sharpe Ratio is 11.58, which is higher than the QUID.L Sharpe Ratio of 6.00. The chart below compares the historical Sharpe Ratios of MIST.L and QUID.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.

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Drawdowns

MIST.L vs. QUID.L - Drawdown Comparison

The maximum MIST.L drawdown since its inception was -3.70%, which is greater than QUID.L's maximum drawdown of -2.47%. Use the drawdown chart below to compare losses from any high point for MIST.L and QUID.L.

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Drawdown Indicators

MIST.LQUID.LDifference

Max Drawdown

Largest peak-to-trough decline

-3.70%

-2.47%

-1.23%

Max Drawdown (1Y)

Largest decline over 1 year

-0.04%

-0.45%

+0.41%

Max Drawdown (3Y)

Largest decline over 3 years

-0.20%

-0.45%

+0.25%

Max Drawdown (5Y)

Largest decline over 5 years

-2.45%

-2.47%

+0.02%

Max Drawdown (10Y)

Largest decline over 10 years

—

-2.47%

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-0.38%

-0.21%

-0.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.01%

0.06%

-0.05%

Volatility

MIST.L vs. QUID.L - Volatility Comparison

The current volatility for PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.L) is 0.10%, while PIMCO Sterling Short Maturity UCITS ETF (QUID.L) has a volatility of 0.19%. This indicates that MIST.L experiences smaller price fluctuations and is considered to be less risky than QUID.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MIST.LQUID.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.10%

0.19%

-0.09%

Volatility (6M)

Calculated over the trailing 6-month period

0.28%

0.64%

-0.36%

Volatility (1Y)

Calculated over the trailing 1-year period

0.38%

0.74%

-0.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.58%

0.74%

-0.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.98%

0.62%

+0.36%

Dividends

MIST.L vs. QUID.L - Dividend Comparison

MIST.L has not paid dividends to shareholders, while QUID.L's dividend yield for the trailing twelve months is around 4.17%.

PositionTTM20252024202320222021202020192018201720162015
MIST.L
PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
QUID.L
PIMCO Sterling Short Maturity UCITS ETF		4.17%4.19%4.67%3.69%0.66%0.08%0.31%0.73%0.52%0.33%0.59%0.55%

Frequently Asked Questions

MIST.L and QUID.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MIST.L tracks PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation, while QUID.L tracks PIMCO Sterling Short Maturity UCITS ETF.

Portfolio Optimizer

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