STHY.L vs. QUID.L

Last updated Jul 16, 2026

STHY.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income) and QUID.L (PIMCO Sterling Short Maturity UCITS ETF) are both exchange-traded funds - STHY.L is a High Yield Bonds fund tracking the ICE BofA 0-5 Year US High Yield Constrained Index, while QUID.L is a Global Equities fund tracking the PIMCO Sterling Short Maturity UCITS ETF. Both are passively managed. Over the past 10 years, STHY.L returned 5.30%/yr vs 2.21%/yr for QUID.L. At a 0.18 correlation, their price movements are largely independent.

Performance

STHY.L vs. QUID.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income (STHY.L) and PIMCO Sterling Short Maturity UCITS ETF (QUID.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

STHY.L is traded in USD, while QUID.L is traded in GBP. To make them comparable, the QUID.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, STHY.L achieves a 2.08% return, which is significantly lower than QUID.L's 2.67% return. Over the past 10 years, STHY.L has outperformed QUID.L with an annualized return of 5.30%, while QUID.L has yielded a comparatively lower 2.21% annualized return.

STHY.L

• 1D: 0.47%
• 1M: 0.27%
• 6M: 1.63%
• YTD: 2.08%
• 1Y: 6.52%
• 3Y*: 8.30%
• 5Y*: 5.19%
• 10Y*: 5.30%

QUID.L

• 1D: 0.00%
• 1M: 1.16%
• 6M: 2.59%
• YTD: 2.67%
• 1Y: 5.46%
• 3Y*: 6.29%
• 5Y*: 2.93%
• 10Y*: 2.21%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
STHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income	2.08%	8.60%	8.43%	11.65%	-4.82%	4.37%	3.87%	10.09%	-0.64%	5.45%
QUID.L PIMCO Sterling Short Maturity UCITS ETF	2.67%	12.80%	3.91%	10.49%	-11.55%	-0.98%	3.80%	5.64%	-5.42%	10.09%

Correlation

The correlation between STHY.L and QUID.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Mar 14, 2012	0.18

The correlation between STHY.L and QUID.L shifts across timeframes, from 0.18 (all time) to 0.33 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

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

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

STHY.L

STHY.L Risk / Return Rank: 80
STHY.L Sharpe Ratio Rank: 71
STHY.L Sortino Ratio Rank: 77
STHY.L Omega Ratio Rank: 80
STHY.L Calmar Ratio Rank: 85
STHY.L Martin Ratio Rank: 87

QUID.L

QUID.L Risk / Return Rank: 99
QUID.L Sharpe Ratio Rank: 99
QUID.L Sortino Ratio Rank: 99
QUID.L Omega Ratio Rank: 99
QUID.L Calmar Ratio Rank: 98
QUID.L Martin Ratio Rank: 99

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.

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

This table presents a comparison of risk-adjusted performance metrics for PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income (STHY.L) and PIMCO Sterling Short Maturity UCITS ETF (QUID.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.

	STHY.L	QUID.L	Difference
Sharpe ratio: Return per unit of total volatility	1.85	0.77	+1.08
Sortino ratio: Return per unit of downside risk	2.75	1.18	+1.57
Omega ratio: Gain probability vs. loss probability	1.37	1.14	+0.23
Calmar ratio: Return relative to maximum drawdown	3.70	1.16	+2.54
Martin ratio: Return relative to average drawdown	14.49	2.63	+11.86

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

The current STHY.L Sharpe Ratio is 1.85, which is higher than the QUID.L Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of STHY.L and QUID.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.

Drawdowns

STHY.L vs. QUID.L - Drawdown Comparison

The maximum STHY.L drawdown since its inception was -21.74%, smaller than the maximum QUID.L drawdown of -35.66%. Use the drawdown chart below to compare losses from any high point for STHY.L and QUID.L.

Drawdown Indicators

	STHY.L	QUID.L	Difference
Max Drawdown Largest peak-to-trough decline	-21.74%	-35.66%	+13.92%
Max Drawdown (1Y) Largest decline over 1 year	-1.75%	-4.45%	+2.70%
Max Drawdown (3Y) Largest decline over 3 years	-4.67%	-7.76%	+3.09%
Max Drawdown (5Y) Largest decline over 5 years	-9.55%	-25.00%	+15.45%
Max Drawdown (10Y) Largest decline over 10 years	-21.74%	-26.28%	+4.54%
Current Drawdown Current decline from peak	0.00%	-2.30%	+2.30%
Average Drawdown Average peak-to-trough decline	-1.42%	-14.60%	+13.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.45%	1.97%	-1.52%

Volatility

STHY.L vs. QUID.L - Volatility Comparison

The current volatility for PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income (STHY.L) is 0.92%, while PIMCO Sterling Short Maturity UCITS ETF (QUID.L) has a volatility of 1.70%. This indicates that STHY.L experiences smaller price fluctuations and is considered to be less risky than QUID.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STHY.L	QUID.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.92%	1.70%	-0.78%
Volatility (6M) Calculated over the trailing 6-month period	2.89%	5.06%	-2.17%
Volatility (1Y) Calculated over the trailing 1-year period	3.51%	6.68%	-3.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.43%	8.63%	-3.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.25%	8.88%	-2.63%

Dividends

STHY.L vs. QUID.L - Dividend Comparison

STHY.L's dividend yield for the trailing twelve months is around 6.94%, more than QUID.L's 4.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
STHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income	6.94%	7.17%	7.60%	6.36%	4.97%	4.58%	4.89%	5.10%	5.32%	5.21%	5.39%	5.29%

Frequently Asked Questions

Can I hold both STHY.L and QUID.L in my portfolio?

STHY.L and QUID.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between STHY.L and QUID.L?

STHY.L is categorized as High Yield Bonds, while QUID.L is Global Equities. STHY.L tracks ICE BofA 0-5 Year US High Yield Constrained Index, while QUID.L tracks PIMCO Sterling Short Maturity UCITS ETF.