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

QUID.L vs. MIST.L

Last updated Jul 16, 2026
Documentation

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

Performance

QUID.L vs. MIST.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in PIMCO Sterling Short Maturity UCITS ETF (QUID.L) and PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.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 investments are quite close, with QUID.L having a 2.18% return and MIST.L slightly higher at 2.23%.

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%

MIST.L

1D
0.00%
1M
0.32%
6M
2.06%
YTD
2.23%
1Y
4.37%
3Y*
5.04%
5Y*
3.14%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
QUID.L
PIMCO Sterling Short Maturity UCITS ETF		2.18%4.89%5.67%4.95%-0.96%-0.07%0.71%0.29%
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%

Correlation

The correlation between QUID.L and MIST.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 Sterling Short Maturity UCITS ETF

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

Return for Risk

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

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

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

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

QUID.LMIST.LDifference
Sharpe ratioReturn per unit of total volatility
6.00
11.58

-5.58

Sortino ratioReturn per unit of downside risk
10.83
35.35

-24.53

Omega ratioGain probability vs. loss probability

2.80

7.17

-4.37

Calmar ratioReturn relative to maximum drawdown

9.83

101.64

-91.81

Martin ratioReturn relative to average drawdown

78.74

493.90

-415.16

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

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

QUID.L vs. MIST.L - Drawdown Comparison

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

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Drawdown Indicators

QUID.LMIST.LDifference

Max Drawdown

Largest peak-to-trough decline

-2.47%

-3.70%

+1.23%

Max Drawdown (1Y)

Largest decline over 1 year

-0.45%

-0.04%

-0.41%

Max Drawdown (3Y)

Largest decline over 3 years

-0.45%

-0.20%

-0.25%

Max Drawdown (5Y)

Largest decline over 5 years

-2.47%

-2.45%

-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

-0.21%

-0.38%

+0.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.06%

0.01%

+0.05%

Volatility

QUID.L vs. MIST.L - Volatility Comparison

PIMCO Sterling Short Maturity UCITS ETF (QUID.L) has a higher volatility of 0.19% compared to PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.L) at 0.10%. This indicates that QUID.L's price experiences larger fluctuations and is considered to be riskier than MIST.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QUID.LMIST.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.19%

0.10%

+0.09%

Volatility (6M)

Calculated over the trailing 6-month period

0.64%

0.28%

+0.36%

Volatility (1Y)

Calculated over the trailing 1-year period

0.74%

0.38%

+0.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.74%

0.58%

+0.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.62%

0.98%

-0.36%

Dividends

QUID.L vs. MIST.L - Dividend Comparison

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

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

QUID.L and MIST.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.

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

Portfolio Optimizer

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