MXUS.L vs. STYC.L
MXUS.L (Invesco MSCI USA UCITS ETF) and STYC.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc) are both exchange-traded funds - MXUS.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while STYC.L is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 10 years, MXUS.L returned 15.05%/yr vs 5.26%/yr for STYC.L. A 0.62 correlation means they provide meaningful diversification when combined. MXUS.L charges 0.05%/yr vs 0.55%/yr for STYC.L.
Performance
MXUS.L vs. STYC.L - Performance Comparison
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Returns By Period
In the year-to-date period, MXUS.L achieves a 10.31% return, which is significantly higher than STYC.L's 1.69% return. Over the past 10 years, MXUS.L has outperformed STYC.L with an annualized return of 15.05%, while STYC.L has yielded a comparatively lower 5.26% annualized return.
MXUS.L
- 1D
- 0.14%
- 1M
- 0.23%
- 6M
- 9.97%
- YTD
- 10.31%
- 1Y
- 21.58%
- 3Y*
- 20.27%
- 5Y*
- 12.78%
- 10Y*
- 15.05%
STYC.L
- 1D
- 0.08%
- 1M
- -0.11%
- 6M
- 1.33%
- YTD
- 1.69%
- 1Y
- 6.20%
- 3Y*
- 8.33%
- 5Y*
- 5.14%
- 10Y*
- 5.26%
MXUS.L vs. STYC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXUS.L Invesco MSCI USA UCITS ETF | 10.31% | 17.34% | 25.58% | 27.83% | -20.03% | 27.90% | 20.98% | 31.00% | -4.94% | 20.78% |
STYC.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc | 1.69% | 9.13% | 8.08% | 11.66% | -4.84% | 4.37% | 3.84% | 10.02% | -0.49% | 5.31% |
Correlation
The correlation between MXUS.L and STYC.L is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2015 | 0.62 |
The correlation between MXUS.L and STYC.L has been stable across timeframes, ranging from 0.53 to 0.63 - a consistent structural relationship.
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Return for Risk
MXUS.L vs. STYC.L — Risk / Return Rank
MXUS.L
STYC.L
MXUS.L vs. STYC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI USA UCITS ETF (MXUS.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.
| MXUS.L | STYC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.35 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 3.67 | -1.09 |
| Martin ratioReturn relative to average drawdown | 10.29 | 14.40 | -4.10 |
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Drawdowns
MXUS.L vs. STYC.L - Drawdown Comparison
The maximum MXUS.L drawdown since its inception was -34.38%, which is greater than STYC.L's maximum drawdown of -21.57%. Use the drawdown chart below to compare losses from any high point for MXUS.L and STYC.L.
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Drawdown Indicators
| MXUS.L | STYC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.38% | -21.57% | -12.81% |
Max Drawdown (1Y)Largest decline over 1 year | -8.35% | -1.68% | -6.67% |
Max Drawdown (3Y)Largest decline over 3 years | -18.78% | -5.94% | -12.84% |
Max Drawdown (5Y)Largest decline over 5 years | -25.25% | -9.62% | -15.63% |
Max Drawdown (10Y)Largest decline over 10 years | -34.38% | -21.57% | -12.81% |
Current DrawdownCurrent decline from peak | -0.45% | -0.11% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -3.91% | -1.65% | -2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 0.43% | +1.66% |
Volatility
MXUS.L vs. STYC.L - Volatility Comparison
Invesco MSCI USA UCITS ETF (MXUS.L) has a higher volatility of 2.84% compared to PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc (STYC.L) at 0.51%. This indicates that MXUS.L's price experiences larger fluctuations and is considered to be riskier 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
| MXUS.L | STYC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.84% | 0.51% | +2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 9.31% | 2.70% | +6.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.09% | 3.39% | +8.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.26% | 5.71% | +10.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.28% | 6.43% | +9.85% |
MXUS.L vs. STYC.L - Expense Ratio Comparison
MXUS.L has a 0.05% expense ratio, which is lower than STYC.L's 0.55% expense ratio.
Dividends
MXUS.L vs. STYC.L - Dividend Comparison
Neither MXUS.L nor STYC.L has paid dividends to shareholders.
Frequently Asked Questions
MXUS.L and STYC.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MXUS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MXUS.L is cheaper with a 0.05% expense ratio, compared with 0.55% for STYC.L.
MXUS.L is categorized as Large Cap Blend Equities, while STYC.L is High Yield Bonds. MXUS.L tracks Russell 1000 TR USD, while STYC.L tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: Invesco and PIMCO. Their fees differ too: 0.05% for MXUS.L and 0.55% for STYC.L.
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