STYC.L vs. IHYU.L
STYC.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc) and IHYU.L (iShares USD High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds - STYC.L tracks the Bloomberg US Corporate High Yield TR USD while IHYU.L tracks the Markit iBoxx USD Liquid High Yield Capped Index. Both are passively managed. Over the past 10 years, STYC.L returned 5.50%/yr vs 5.03%/yr for IHYU.L. Their correlation of 0.82 suggests significant overlap in exposure. STYC.L charges 0.55%/yr vs 0.50%/yr for IHYU.L.
Performance
STYC.L vs. IHYU.L - Performance Comparison
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Returns By Period
In the year-to-date period, STYC.L achieves a 1.41% return, which is significantly higher than IHYU.L's 0.95% return. Over the past 10 years, STYC.L has outperformed IHYU.L with an annualized return of 5.50%, while IHYU.L has yielded a comparatively lower 5.03% annualized 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%
IHYU.L
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 0.95%
- 6M
- 1.81%
- 1Y
- 7.04%
- 3Y*
- 8.28%
- 5Y*
- 3.96%
- 10Y*
- 5.03%
STYC.L vs. IHYU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
IHYU.L iShares USD High Yield Corporate Bond UCITS ETF | 0.95% | 9.51% | 6.92% | 10.99% | -9.03% | 3.92% | 4.74% | 12.99% | -1.50% | 5.37% |
Correlation
The correlation between STYC.L and IHYU.L is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since May 19, 2015 | 0.82 |
The correlation between STYC.L and IHYU.L shifts across timeframes, from 0.72 (1 year) to 0.84 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
STYC.L vs. IHYU.L — Risk / Return Rank
STYC.L
IHYU.L
STYC.L vs. IHYU.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 iShares USD High Yield Corporate Bond UCITS ETF (IHYU.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 | IHYU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.37 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.27 | 2.49 | +1.78 |
| Martin ratioReturn relative to average drawdown | 16.96 | 12.01 | +4.96 |
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
| STYC.L | IHYU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 1.91 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.60 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.65 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.71 | +0.05 |
Drawdowns
STYC.L vs. IHYU.L - Drawdown Comparison
The maximum STYC.L drawdown since its inception was -21.57%, roughly equal to the maximum IHYU.L drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for STYC.L and IHYU.L.
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Drawdown Indicators
| STYC.L | IHYU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.57% | -21.83% | +0.26% |
Max Drawdown (1Y)Largest decline over 1 year | -1.68% | -2.81% | +1.13% |
Max Drawdown (3Y)Largest decline over 3 years | -5.94% | -4.02% | -1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -9.62% | -13.74% | +4.12% |
Max Drawdown (10Y)Largest decline over 10 years | -21.57% | -21.83% | +0.26% |
Current DrawdownCurrent decline from peak | -0.02% | -0.25% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -1.67% | -2.13% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.58% | -0.16% |
Volatility
STYC.L vs. IHYU.L - Volatility Comparison
PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc (STYC.L) has a higher volatility of 1.41% compared to iShares USD High Yield Corporate Bond UCITS ETF (IHYU.L) at 1.26%. This indicates that STYC.L's price experiences larger fluctuations and is considered to be riskier than IHYU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STYC.L | IHYU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 1.26% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 2.89% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.39% | 3.66% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.70% | 6.65% | -0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.49% | 7.77% | -1.28% |
STYC.L vs. IHYU.L - Expense Ratio Comparison
STYC.L has a 0.55% expense ratio, which is higher than IHYU.L's 0.50% expense ratio.
Dividends
STYC.L vs. IHYU.L - Dividend Comparison
STYC.L has not paid dividends to shareholders, while IHYU.L's dividend yield for the trailing twelve months is around 6.24%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHYU.L iShares USD High Yield Corporate Bond UCITS ETF | 6.24% | 6.14% | 6.39% | 5.62% | 4.81% | 4.35% | 4.79% | 5.42% | 5.68% | 5.54% | 5.61% | 6.06% |
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
STYC.L and IHYU.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IHYU.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IHYU.L is cheaper with a 0.50% expense ratio, compared with 0.55% for STYC.L.
STYC.L tracks Bloomberg US Corporate High Yield TR USD, while IHYU.L tracks Markit iBoxx USD Liquid High Yield Capped Index. They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.55% for STYC.L and 0.50% for IHYU.L.
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