SDHA.L vs. STYC.L
SDHA.L (iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc)) and STYC.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc) are both High Yield Bonds funds tracking the Bloomberg US Corporate High Yield TR USD, from iShares and PIMCO respectively. Both are passively managed. Over the past 5 years, SDHA.L returned 4.65%/yr vs 5.21%/yr for STYC.L. Their correlation of 0.82 suggests significant overlap in exposure. SDHA.L charges 0.45%/yr vs 0.55%/yr for STYC.L.
Performance
SDHA.L vs. STYC.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SDHA.L achieves a 1.56% return, which is significantly higher than STYC.L's 1.41% return.
SDHA.L
- 1D
- 0.14%
- 1M
- 0.21%
- YTD
- 1.56%
- 6M
- 2.20%
- 1Y
- 7.09%
- 3Y*
- 7.71%
- 5Y*
- 4.65%
- 10Y*
- —
STYC.L
- 1D
- -0.02%
- 1M
- 0.42%
- YTD
- 1.41%
- 6M
- 1.99%
- 1Y
- 7.22%
- 3Y*
- 8.74%
- 5Y*
- 5.21%
- 10Y*
- 5.50%
SDHA.L vs. STYC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SDHA.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) | 1.56% | 8.87% | 6.63% | 8.90% | -3.48% | 3.62% | 3.98% | 9.51% | -0.74% |
STYC.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc | 1.41% | 9.13% | 8.08% | 11.66% | -4.84% | 4.37% | 3.84% | 10.02% | -1.62% |
Correlation
The correlation between SDHA.L and STYC.L is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jul 4, 2018 | 0.82 |
Over the past year, the correlation between SDHA.L and STYC.L has dropped to 0.55 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SDHA.L vs. STYC.L — Risk / Return Rank
SDHA.L
STYC.L
SDHA.L vs. STYC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) (SDHA.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.
| SDHA.L | STYC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.42 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.82 | 4.27 | -0.45 |
| Martin ratioReturn relative to average drawdown | 17.08 | 16.96 | +0.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SDHA.L | STYC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 2.13 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.91 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.76 | -0.01 |
Drawdowns
SDHA.L vs. STYC.L - Drawdown Comparison
The maximum SDHA.L drawdown since its inception was -17.77%, smaller than the maximum STYC.L drawdown of -21.57%. Use the drawdown chart below to compare losses from any high point for SDHA.L and STYC.L.
Loading charts...
Drawdown Indicators
| SDHA.L | STYC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.77% | -21.57% | +3.80% |
Max Drawdown (1Y)Largest decline over 1 year | -1.85% | -1.68% | -0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -4.57% | -5.94% | +1.37% |
Max Drawdown (5Y)Largest decline over 5 years | -8.30% | -9.62% | +1.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.57% | — |
Current DrawdownCurrent decline from peak | -0.07% | -0.02% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -1.67% | +0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 0.42% | -0.01% |
Volatility
SDHA.L vs. STYC.L - Volatility Comparison
The current volatility for iShares USD Short Duration High Yield Corporate Bond UCITS ETF USD (Acc) (SDHA.L) is 1.32%, while PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc (STYC.L) has a volatility of 1.41%. This indicates that SDHA.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.
Loading charts...
Volatility by Period
| SDHA.L | STYC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.41% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 2.69% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 3.39% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.49% | 5.70% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.39% | 6.49% | -0.10% |
SDHA.L vs. STYC.L - Expense Ratio Comparison
SDHA.L has a 0.45% expense ratio, which is lower than STYC.L's 0.55% expense ratio.
Dividends
SDHA.L vs. STYC.L - Dividend Comparison
Neither SDHA.L nor STYC.L has paid dividends to shareholders.
Frequently Asked Questions
SDHA.L and STYC.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SDHA.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SDHA.L is cheaper with a 0.45% expense ratio, compared with 0.55% for STYC.L.
Both ETFs track Bloomberg US Corporate High Yield TR USD. They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.45% for SDHA.L and 0.55% for STYC.L.
Find the right allocation for SDHA.L and STYC.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer