STYC.L vs. SSHY.L
STYC.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc) and SSHY.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist) are both High Yield Bonds funds from PIMCO tracking the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 10 years, STYC.L returned 5.50%/yr vs 5.51%/yr for SSHY.L. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.55% expense ratio.
Performance
STYC.L vs. SSHY.L - Performance Comparison
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Different Trading Currencies
STYC.L is traded in USD, while SSHY.L is traded in GBP. To make them comparable, the SSHY.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 higher than SSHY.L's 1.26% return. Both investments have delivered pretty close results over the past 10 years, with STYC.L having a 5.50% annualized return and SSHY.L not far ahead at 5.51%.
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%
SSHY.L
- 1D
- 0.22%
- 1M
- 0.46%
- YTD
- 1.26%
- 6M
- 2.24%
- 1Y
- 7.16%
- 3Y*
- 8.64%
- 5Y*
- 5.19%
- 10Y*
- 5.51%
STYC.L vs. SSHY.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% |
SSHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist | 1.26% | 9.05% | 8.33% | 11.07% | -4.83% | 4.74% | 3.41% | 10.94% | -0.88% | 5.18% |
Correlation
The correlation between STYC.L and SSHY.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since May 19, 2015 | 0.58 |
Over the past year, the correlation between STYC.L and SSHY.L has dropped to 0.36 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
STYC.L vs. SSHY.L — Risk / Return Rank
STYC.L
SSHY.L
STYC.L vs. SSHY.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 PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.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 | SSHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.26 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.27 | 2.77 | +1.50 |
| Martin ratioReturn relative to average drawdown | 16.96 | 11.73 | +5.24 |
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 | SSHY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 1.53 | +0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.78 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.74 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.63 | +0.13 |
Drawdowns
STYC.L vs. SSHY.L - Drawdown Comparison
The maximum STYC.L drawdown since its inception was -21.57%, roughly equal to the maximum SSHY.L drawdown of -21.77%. Use the drawdown chart below to compare losses from any high point for STYC.L and SSHY.L.
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Drawdown Indicators
| STYC.L | SSHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.57% | -21.77% | +0.20% |
Max Drawdown (1Y)Largest decline over 1 year | -1.68% | -2.58% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -5.94% | -5.07% | -0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -9.62% | -9.73% | +0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -21.57% | -21.77% | +0.20% |
Current DrawdownCurrent decline from peak | -0.02% | -0.07% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -1.67% | -1.67% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.61% | -0.19% |
Volatility
STYC.L vs. SSHY.L - Volatility Comparison
PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc (STYC.L) and PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist (SSHY.L) have volatilities of 1.41% and 1.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STYC.L | SSHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 1.40% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 3.72% | -1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.39% | 4.67% | -1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.70% | 6.64% | -0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.49% | 7.44% | -0.95% |
STYC.L vs. SSHY.L - Expense Ratio Comparison
Both STYC.L and SSHY.L have an expense ratio of 0.55%.
Dividends
STYC.L vs. SSHY.L - Dividend Comparison
STYC.L has not paid dividends to shareholders, while SSHY.L's dividend yield for the trailing twelve months is around 7.07%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Dist | 7.07% | 7.33% | 7.48% | 6.52% | 4.86% | 4.47% | 5.24% | 5.27% | 5.10% | 5.48% | 4.92% | 5.11% |
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 SSHY.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
STYC.L and SSHY.L have the same expense ratio: 0.55% per year.
Both ETFs track Bloomberg US Corporate High Yield TR USD.
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