STYC.L vs. HYFC.L

Last updated Jun 5, 2026

STYC.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc) and HYFC.L (Invesco US High Yield Fallen Angels UCITS ETF Acc) are both High Yield Bonds funds - STYC.L tracks the Bloomberg US Corporate High Yield TR USD while HYFC.L tracks the FTSE Time-Weighted US Fallen Angel Bond Select Index. Both are passively managed. Over the past 3 years, STYC.L returned 8.74%/yr vs 7.95%/yr for HYFC.L. A 0.78 correlation means they provide meaningful diversification when combined. STYC.L charges 0.55%/yr vs 0.45%/yr for HYFC.L.

Performance

STYC.L vs. HYFC.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 Acc (STYC.L) and Invesco US High Yield Fallen Angels UCITS ETF Acc (HYFC.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STYC.L achieves a 1.41% return, which is significantly higher than HYFC.L's 0.64% return.

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%

HYFC.L

• 1D: 0.25%
• 1M: 0.57%
• YTD: 0.64%
• 6M: 0.47%
• 1Y: 7.82%
• 3Y*: 7.95%
• 5Y*: —
• 10Y*: —

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

STYC.L vs. HYFC.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
STYC.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc	1.41%	9.13%	8.08%	11.66%	-0.51%
HYFC.L Invesco US High Yield Fallen Angels UCITS ETF Acc	0.64%	9.62%	5.17%	10.23%	-3.05%

Correlation

The correlation between STYC.L and HYFC.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	0.70
Correlation (All Time) Calculated using the full available price history since Aug 2, 2022	0.78

The correlation between STYC.L and HYFC.L shifts across timeframes, from 0.59 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.

Return for Risk

STYC.L vs. HYFC.L — Risk / Return Rank

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

STYC.L

STYC.L Risk / Return Rank: 75
STYC.L Sharpe Ratio Rank: 65
STYC.L Sortino Ratio Rank: 73
STYC.L Omega Ratio Rank: 72
STYC.L Calmar Ratio Rank: 82
STYC.L Martin Ratio Rank: 84

HYFC.L

HYFC.L Risk / Return Rank: 38
HYFC.L Sharpe Ratio Rank: 40
HYFC.L Sortino Ratio Rank: 42
HYFC.L Omega Ratio Rank: 48
HYFC.L Calmar Ratio Rank: 28
HYFC.L Martin Ratio Rank: 30

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.

STYC.L vs. HYFC.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 Acc (STYC.L) and Invesco US High Yield Fallen Angels UCITS ETF Acc (HYFC.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.

	STYC.L	HYFC.L	Difference
Sharpe ratio: Return per unit of total volatility	2.13	1.39	+0.73
Sortino ratio: Return per unit of downside risk	3.25	2.10	+1.15
Omega ratio: Gain probability vs. loss probability	1.42	1.30	+0.13
Calmar ratio: Return relative to maximum drawdown	4.27	1.31	+2.96
Martin ratio: Return relative to average drawdown	16.96	4.28	+12.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

STYC.L vs. HYFC.L - Sharpe Ratio Comparison

The current STYC.L Sharpe Ratio is 2.13, which is higher than the HYFC.L Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of STYC.L and HYFC.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.

Sharpe Ratios by Period

	STYC.L	HYFC.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	1.39	+0.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.83	-0.07

Drawdowns

STYC.L vs. HYFC.L - Drawdown Comparison

The maximum STYC.L drawdown since its inception was -21.57%, which is greater than HYFC.L's maximum drawdown of -8.42%. Use the drawdown chart below to compare losses from any high point for STYC.L and HYFC.L.

Drawdown Indicators

	STYC.L	HYFC.L	Difference
Max Drawdown Largest peak-to-trough decline	-21.57%	-8.42%	-13.15%
Max Drawdown (1Y) Largest decline over 1 year	-1.68%	-5.95%	+4.27%
Max Drawdown (3Y) Largest decline over 3 years	-5.94%	-5.95%	+0.01%
Max Drawdown (5Y) Largest decline over 5 years	-9.62%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-21.57%	—	—
Current Drawdown Current decline from peak	-0.02%	-2.06%	+2.04%
Average Drawdown Average peak-to-trough decline	-1.67%	-1.69%	+0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.42%	1.83%	-1.41%

Volatility

STYC.L vs. HYFC.L - Volatility Comparison

The current volatility for PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc (STYC.L) is 1.41%, while Invesco US High Yield Fallen Angels UCITS ETF Acc (HYFC.L) has a volatility of 1.89%. This indicates that STYC.L experiences smaller price fluctuations and is considered to be less risky than HYFC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STYC.L	HYFC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	1.89%	-0.48%
Volatility (6M) Calculated over the trailing 6-month period	2.69%	4.83%	-2.14%
Volatility (1Y) Calculated over the trailing 1-year period	3.39%	5.61%	-2.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.70%	6.90%	-1.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.49%	6.90%	-0.41%

STYC.L vs. HYFC.L - Expense Ratio Comparison

STYC.L has a 0.55% expense ratio, which is higher than HYFC.L's 0.45% expense ratio.

Dividends

STYC.L vs. HYFC.L - Dividend Comparison

Neither STYC.L nor HYFC.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both STYC.L and HYFC.L in my portfolio?

STYC.L and HYFC.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.

Which ETF is better, STYC.L or HYFC.L?

On fees, HYFC.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, STYC.L or HYFC.L?

HYFC.L is cheaper with a 0.45% expense ratio, compared with 0.55% for STYC.L.

What is the main difference between STYC.L and HYFC.L?

STYC.L tracks Bloomberg US Corporate High Yield TR USD, while HYFC.L tracks FTSE Time-Weighted US Fallen Angel Bond Select Index. They also come from different issuers: PIMCO and Invesco. Their fees differ too: 0.55% for STYC.L and 0.45% for HYFC.L.