STYC.L vs. JGYH.L

Last updated Jun 5, 2026

STYC.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc) and JGYH.L (JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc)) are both High Yield Bonds funds - STYC.L tracks the Bloomberg US Corporate High Yield TR USD while JGYH.L tracks the ICE BofA Gbl HY Constnd TR USD. Both are passively managed. Over the past 5 years, STYC.L returned 5.21%/yr vs 3.79%/yr for JGYH.L. A 0.59 correlation means they provide meaningful diversification when combined. STYC.L charges 0.55%/yr vs 0.35%/yr for JGYH.L.

Performance

STYC.L vs. JGYH.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 JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, STYC.L achieves a 1.41% return, which is significantly lower than JGYH.L's 1.72% 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%

JGYH.L

• 1D: 0.22%
• 1M: 0.53%
• YTD: 1.72%
• 6M: 2.96%
• 1Y: 8.54%
• 3Y*: 9.14%
• 5Y*: 3.79%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
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%	3.21%
JGYH.L JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc)	1.72%	11.95%	6.12%	10.73%	-10.13%	2.17%	5.34%

Correlation

The correlation between STYC.L and JGYH.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since Feb 12, 2020	0.59

The correlation between STYC.L and JGYH.L shifts across timeframes, from 0.42 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.

Return for Risk

STYC.L vs. JGYH.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

JGYH.L

JGYH.L Risk / Return Rank: 65
JGYH.L Sharpe Ratio Rank: 59
JGYH.L Sortino Ratio Rank: 62
JGYH.L Omega Ratio Rank: 60
JGYH.L Calmar Ratio Rank: 78
JGYH.L Martin Ratio Rank: 66

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. JGYH.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 JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.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	JGYH.L	Difference
Sharpe ratio: Return per unit of total volatility	2.13	1.72	+0.40
Sortino ratio: Return per unit of downside risk	3.25	2.51	+0.74
Omega ratio: Gain probability vs. loss probability	1.42	1.31	+0.11
Calmar ratio: Return relative to maximum drawdown	4.27	2.20	+2.07
Martin ratio: Return relative to average drawdown	16.96	9.66	+7.31
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. JGYH.L - Sharpe Ratio Comparison

The current STYC.L Sharpe Ratio is 2.13, which is comparable to the JGYH.L Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of STYC.L and JGYH.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	JGYH.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	1.72	+0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	0.52	+0.39
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	0.46	+0.30

Drawdowns

STYC.L vs. JGYH.L - Drawdown Comparison

The maximum STYC.L drawdown since its inception was -21.57%, roughly equal to the maximum JGYH.L drawdown of -20.72%. Use the drawdown chart below to compare losses from any high point for STYC.L and JGYH.L.

Drawdown Indicators

	STYC.L	JGYH.L	Difference
Max Drawdown Largest peak-to-trough decline	-21.57%	-20.72%	-0.85%
Max Drawdown (1Y) Largest decline over 1 year	-1.68%	-3.87%	+2.19%
Max Drawdown (3Y) Largest decline over 3 years	-5.94%	-4.53%	-1.41%
Max Drawdown (5Y) Largest decline over 5 years	-9.62%	-18.15%	+8.53%
Max Drawdown (10Y) Largest decline over 10 years	-21.57%	—	—
Current Drawdown Current decline from peak	-0.02%	-0.12%	+0.10%
Average Drawdown Average peak-to-trough decline	-1.67%	-3.93%	+2.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.42%	0.88%	-0.46%

Volatility

STYC.L vs. JGYH.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 JPMorgan Global High Yield Corporate Bond Multi-Factor UCITS ETF (acc) (JGYH.L) has a volatility of 1.58%. This indicates that STYC.L experiences smaller price fluctuations and is considered to be less risky than JGYH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STYC.L	JGYH.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	1.58%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	2.69%	3.93%	-1.24%
Volatility (1Y) Calculated over the trailing 1-year period	3.39%	4.94%	-1.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.70%	7.26%	-1.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.49%	9.12%	-2.63%

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

STYC.L has a 0.55% expense ratio, which is higher than JGYH.L's 0.35% expense ratio.

Dividends

STYC.L vs. JGYH.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

STYC.L and JGYH.L have a correlation of 0.42, 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 JGYH.L?

On fees, JGYH.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

JGYH.L is cheaper with a 0.35% expense ratio, compared with 0.55% for STYC.L.

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

STYC.L tracks Bloomberg US Corporate High Yield TR USD, while JGYH.L tracks ICE BofA Gbl HY Constnd TR USD. They also come from different issuers: PIMCO and JPMorgan. Their fees differ too: 0.55% for STYC.L and 0.35% for JGYH.L.