STYC.L vs. SDHG.L
STYC.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc) and SDHG.L (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) are both High Yield Bonds funds tracking the Bloomberg US Corporate High Yield TR USD, from PIMCO and iShares respectively. Both are passively managed. Over the past 10 years, STYC.L returned 5.50%/yr vs 6.76%/yr for SDHG.L. A 0.51 correlation means they provide meaningful diversification when combined. STYC.L charges 0.55%/yr vs 0.45%/yr for SDHG.L.
Performance
STYC.L vs. SDHG.L - Performance Comparison
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Different Trading Currencies
STYC.L is traded in USD, while SDHG.L is traded in GBP. To make them comparable, the SDHG.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 SDHG.L's 1.87% return. Over the past 10 years, STYC.L has underperformed SDHG.L with an annualized return of 5.50%, while SDHG.L has yielded a comparatively higher 6.76% 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%
SDHG.L
- 1D
- -0.10%
- 1M
- 0.21%
- YTD
- 1.87%
- 6M
- 3.86%
- 1Y
- 10.03%
- 3Y*
- 9.87%
- 5Y*
- 6.44%
- 10Y*
- 6.76%
STYC.L vs. SDHG.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% |
SDHG.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 1.87% | 11.52% | 8.50% | 10.02% | -2.49% | 5.64% | 5.04% | 12.09% | 1.70% | 5.62% |
Correlation
The correlation between STYC.L and SDHG.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since May 19, 2015 | 0.51 |
Over the past year, the correlation between STYC.L and SDHG.L has dropped to 0.31 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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Return for Risk
STYC.L vs. SDHG.L — Risk / Return Rank
STYC.L
SDHG.L
STYC.L vs. SDHG.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 Short Duration High Yield Corporate Bond UCITS ETF (SDHG.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 | SDHG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.38 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.27 | 5.44 | -1.17 |
| Martin ratioReturn relative to average drawdown | 16.96 | 21.91 | -4.95 |
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 | SDHG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 2.03 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.98 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.93 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.88 | -0.12 |
Drawdowns
STYC.L vs. SDHG.L - Drawdown Comparison
The maximum STYC.L drawdown since its inception was -21.57%, which is greater than SDHG.L's maximum drawdown of -17.90%. Use the drawdown chart below to compare losses from any high point for STYC.L and SDHG.L.
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Drawdown Indicators
| STYC.L | SDHG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.57% | -17.90% | -3.67% |
Max Drawdown (1Y)Largest decline over 1 year | -1.68% | -1.85% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -5.94% | -4.60% | -1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -9.62% | -8.65% | -0.97% |
Max Drawdown (10Y)Largest decline over 10 years | -21.57% | -17.90% | -3.67% |
Current DrawdownCurrent decline from peak | -0.02% | -0.32% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -1.67% | -1.22% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.46% | -0.04% |
Volatility
STYC.L vs. SDHG.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 Short Duration High Yield Corporate Bond UCITS ETF (SDHG.L) at 1.25%. This indicates that STYC.L's price experiences larger fluctuations and is considered to be riskier than SDHG.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 | SDHG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 1.25% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 3.76% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.39% | 4.95% | -1.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.70% | 6.59% | -0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.49% | 7.28% | -0.79% |
STYC.L vs. SDHG.L - Expense Ratio Comparison
STYC.L has a 0.55% expense ratio, which is higher than SDHG.L's 0.45% expense ratio.
Dividends
STYC.L vs. SDHG.L - Dividend Comparison
STYC.L has not paid dividends to shareholders, while SDHG.L's dividend yield for the trailing twelve months is around 11.18%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDHG.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 11.18% | 8.87% | 8.03% | 7.20% | 5.20% | 5.72% | 6.58% | 6.95% | 7.01% | 7.33% | 6.99% | 7.49% |
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 SDHG.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SDHG.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SDHG.L is cheaper with a 0.45% expense ratio, compared with 0.55% for STYC.L.
Both ETFs track Bloomberg US Corporate High Yield TR USD. They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.55% for STYC.L and 0.45% for SDHG.L.
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