STEA.L vs. IHYA.L
STEA.L (PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF EUR Hedged (Acc)) and IHYA.L (iShares USD High Yield Corporate Bond UCITS ETF USD (Acc)) are both High Yield Bonds funds - STEA.L tracks the ICE BofA 0-5 Year US High Yield Constrained Index while IHYA.L tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, STEA.L returned 3.12%/yr vs 4.56%/yr for IHYA.L. At a 0.38 correlation, their price movements are largely independent. STEA.L charges 0.60%/yr vs 0.50%/yr for IHYA.L.
Performance
STEA.L vs. IHYA.L - Performance Comparison
Loading charts...
Different Trading Currencies
STEA.L is traded in EUR, while IHYA.L is traded in USD. To make them comparable, the IHYA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, STEA.L achieves a 0.57% return, which is significantly lower than IHYA.L's 4.50% return.
STEA.L
- 1D
- -0.05%
- 1M
- -0.13%
- 6M
- 0.44%
- YTD
- 0.57%
- 1Y
- 3.83%
- 3Y*
- 6.14%
- 5Y*
- 3.12%
- 10Y*
- —
IHYA.L
- 1D
- 0.03%
- 1M
- 0.69%
- 6M
- 2.77%
- YTD
- 4.50%
- 1Y
- 7.52%
- 3Y*
- 7.23%
- 5Y*
- 4.56%
- 10Y*
- —
STEA.L vs. IHYA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STEA.L PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) | 0.57% | 6.59% | 6.65% | 9.15% | -6.91% | 3.43% | 1.48% | 6.80% | -3.39% | 0.00% |
IHYA.L iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) | 4.50% | -3.50% | 14.05% | 7.31% | -3.22% | 11.48% | -3.59% | 15.21% | 3.27% | -1.72% |
Correlation
The correlation between STEA.L and IHYA.L is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2017 | 0.38 |
Over the past year, the correlation between STEA.L and IHYA.L has dropped to 0.10 - well below their long-term average of 0.38, 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
STEA.L vs. IHYA.L — Risk / Return Rank
STEA.L
IHYA.L
STEA.L vs. IHYA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) (STEA.L) and iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.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.
| STEA.L | IHYA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.22 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.11 | -0.30 |
| Martin ratioReturn relative to average drawdown | 7.42 | 7.56 | -0.14 |
Loading charts...
Drawdowns
STEA.L vs. IHYA.L - Drawdown Comparison
The maximum STEA.L drawdown since its inception was -22.62%, roughly equal to the maximum IHYA.L drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for STEA.L and IHYA.L.
Loading charts...
Drawdown Indicators
| STEA.L | IHYA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.62% | -21.83% | -0.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.10% | -3.55% | +1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -4.85% | -11.70% | +6.85% |
Max Drawdown (5Y)Largest decline over 5 years | -10.29% | -11.70% | +1.41% |
Current DrawdownCurrent decline from peak | -0.17% | -1.23% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -2.17% | -4.34% | +2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 0.99% | -0.47% |
Volatility
STEA.L vs. IHYA.L - Volatility Comparison
The current volatility for PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) (STEA.L) is 0.49%, while iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.L) has a volatility of 1.12%. This indicates that STEA.L experiences smaller price fluctuations and is considered to be less risky than IHYA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| STEA.L | IHYA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 1.12% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 2.70% | 4.70% | -2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 6.36% | -3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.29% | 8.40% | -3.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.55% | 9.39% | -2.84% |
STEA.L vs. IHYA.L - Expense Ratio Comparison
STEA.L has a 0.60% expense ratio, which is higher than IHYA.L's 0.50% expense ratio.
Dividends
STEA.L vs. IHYA.L - Dividend Comparison
Neither STEA.L nor IHYA.L has paid dividends to shareholders.
Frequently Asked Questions
STEA.L and IHYA.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IHYA.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IHYA.L is cheaper with a 0.50% expense ratio, compared with 0.60% for STEA.L.
STEA.L tracks ICE BofA 0-5 Year US High Yield Constrained Index, while IHYA.L tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.60% for STEA.L and 0.50% for IHYA.L.
Find the right allocation for STEA.L and IHYA.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