SDHY.L vs. STYC.L
SDHY.L ( iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist) and STYC.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc) are both High Yield Bonds funds - SDHY.L tracks the Markit iBoxx USD Liquid High Yield 0-5 Capped Index while STYC.L tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 10 years, SDHY.L returned 4.95%/yr vs 5.50%/yr for STYC.L. A 0.77 correlation means they provide meaningful diversification when combined. SDHY.L charges 0.45%/yr vs 0.55%/yr for STYC.L.
Performance
SDHY.L vs. STYC.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SDHY.L having a 1.43% return and STYC.L slightly lower at 1.41%. Over the past 10 years, SDHY.L has underperformed STYC.L with an annualized return of 4.95%, while STYC.L has yielded a comparatively higher 5.50% annualized return.
SDHY.L
- 1D
- 0.13%
- 1M
- 0.07%
- YTD
- 1.43%
- 6M
- 2.13%
- 1Y
- 6.97%
- 3Y*
- 7.61%
- 5Y*
- 4.61%
- 10Y*
- 4.95%
STYC.L
- 1D
- -0.02%
- 1M
- 0.15%
- YTD
- 1.41%
- 6M
- 2.07%
- 1Y
- 7.12%
- 3Y*
- 8.74%
- 5Y*
- 5.21%
- 10Y*
- 5.50%
SDHY.L vs. STYC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SDHY.L iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist | 1.43% | 8.90% | 6.50% | 8.75% | -3.27% | 3.42% | 4.07% | 9.61% | 0.27% | 4.27% |
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% | -0.61% | 5.45% |
Correlation
The correlation between SDHY.L and STYC.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since May 19, 2015 | 0.77 |
The correlation between SDHY.L and STYC.L shifts across timeframes, from 0.59 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SDHY.L vs. STYC.L — Risk / Return Rank
SDHY.L
STYC.L
SDHY.L vs. STYC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist (SDHY.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.
| SDHY.L | STYC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.42 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 4.27 | -0.36 |
| Martin ratioReturn relative to average drawdown | 17.14 | 16.96 | +0.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SDHY.L | STYC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 2.13 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.91 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.85 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.76 | -0.07 |
Drawdowns
SDHY.L vs. STYC.L - Drawdown Comparison
The maximum SDHY.L drawdown since its inception was -18.94%, smaller than the maximum STYC.L drawdown of -21.57%. Use the drawdown chart below to compare losses from any high point for SDHY.L and STYC.L.
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Drawdown Indicators
| SDHY.L | STYC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.94% | -21.57% | +2.63% |
Max Drawdown (1Y)Largest decline over 1 year | -1.83% | -1.68% | -0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -4.51% | -5.94% | +1.43% |
Max Drawdown (5Y)Largest decline over 5 years | -8.41% | -9.62% | +1.21% |
Max Drawdown (10Y)Largest decline over 10 years | -18.94% | -21.57% | +2.63% |
Current DrawdownCurrent decline from peak | -0.19% | -0.02% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -1.28% | -1.67% | +0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.42% | 0.00% |
Volatility
SDHY.L vs. STYC.L - Volatility Comparison
The current volatility for iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist (SDHY.L) is 1.16%, while PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc (STYC.L) has a volatility of 1.41%. This indicates that SDHY.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.
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Volatility by Period
| SDHY.L | STYC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.41% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 2.69% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 3.39% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.46% | 5.70% | -0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.33% | 6.49% | -0.16% |
SDHY.L vs. STYC.L - Expense Ratio Comparison
SDHY.L has a 0.45% expense ratio, which is lower than STYC.L's 0.55% expense ratio.
Dividends
SDHY.L vs. STYC.L - Dividend Comparison
SDHY.L's dividend yield for the trailing twelve months is around 8.31%, while STYC.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDHY.L iShares $ Short Duration High Yield Corp Bond UCITS ETF USD Dist | 8.31% | 6.59% | 6.41% | 5.64% | 4.31% | 4.24% | 4.80% | 5.26% | 5.48% | 5.42% | 5.68% | 5.05% |
STYC.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF 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
SDHY.L and STYC.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SDHY.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SDHY.L is cheaper with a 0.45% expense ratio, compared with 0.55% for STYC.L.
SDHY.L tracks Markit iBoxx USD Liquid High Yield 0-5 Capped Index, while STYC.L tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.45% for SDHY.L and 0.55% for STYC.L.
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