STYC.L vs. STEA.L

Last updated Jul 16, 2026

STYC.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc) and STEA.L (PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF EUR (Hedged) Acc) are both High Yield Bonds funds from PIMCO - STYC.L tracks the Bloomberg US Corporate High Yield TR USD while STEA.L tracks the PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF EUR (Hedged) Acc. Both are passively managed. Over the past 5 years, STYC.L returned 5.14%/yr vs 2.57%/yr for STEA.L. A 0.60 correlation means they provide meaningful diversification when combined.

Performance

STYC.L vs. STEA.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 PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF EUR (Hedged) Acc (STEA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

STYC.L is traded in USD, while STEA.L is traded in EUR. To make them comparable, the STEA.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 1.69% return, which is significantly higher than STEA.L's -1.66% return.

STYC.L

• 1D: 0.08%
• 1M: -0.11%
• 6M: 1.33%
• YTD: 1.69%
• 1Y: 6.20%
• 3Y*: 8.33%
• 5Y*: 5.14%
• 10Y*: 5.26%

STEA.L

• 1D: 0.00%
• 1M: -1.06%
• 6M: -0.89%
• YTD: -1.66%
• 1Y: 3.03%
• 3Y*: 7.04%
• 5Y*: 2.57%
• 10Y*: —

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

STYC.L vs. STEA.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	1.69%	9.13%	8.08%	11.66%	-4.84%	4.37%	3.84%	10.02%	-0.49%	0.20%
STEA.L PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF EUR (Hedged) Acc	-1.66%	20.91%	0.06%	12.59%	-12.51%	-3.61%	10.46%	4.72%	-7.90%	2.01%

Correlation

The correlation between STYC.L and STEA.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (All Time) Calculated using the full available price history since Dec 11, 2017	0.60

The correlation between STYC.L and STEA.L shifts across timeframes, from 0.43 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

STYC.L vs. STEA.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: 79
STYC.L Sharpe Ratio Rank: 70
STYC.L Sortino Ratio Rank: 77
STYC.L Omega Ratio Rank: 75
STYC.L Calmar Ratio Rank: 84
STYC.L Martin Ratio Rank: 87

STEA.L

STEA.L Risk / Return Rank: 45
STEA.L Sharpe Ratio Rank: 40
STEA.L Sortino Ratio Rank: 42
STEA.L Omega Ratio Rank: 40
STEA.L Calmar Ratio Rank: 45
STEA.L Martin Ratio Rank: 56

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. STEA.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 Advantage US Short-Term High Yield Corporate Bond UCITS ETF EUR (Hedged) Acc (STEA.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	STYC.L	STEA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.82	0.34	+1.48
Sortino ratio: Return per unit of downside risk	2.77	0.54	+2.23
Omega ratio: Gain probability vs. loss probability	1.35	1.06	+0.29
Calmar ratio: Return relative to maximum drawdown	3.67	0.39	+3.27
Martin ratio: Return relative to average drawdown	14.40	0.90	+13.49

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

The current STYC.L Sharpe Ratio is 1.82, which is higher than the STEA.L Sharpe Ratio of 0.34. The chart below compares the historical Sharpe Ratios of STYC.L and STEA.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.

Drawdowns

STYC.L vs. STEA.L - Drawdown Comparison

The maximum STYC.L drawdown since its inception was -21.57%, smaller than the maximum STEA.L drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for STYC.L and STEA.L.

Drawdown Indicators

	STYC.L	STEA.L	Difference
Max Drawdown Largest peak-to-trough decline	-21.57%	-31.34%	+9.77%
Max Drawdown (1Y) Largest decline over 1 year	-1.68%	-6.67%	+4.99%
Max Drawdown (3Y) Largest decline over 3 years	-5.94%	-8.17%	+2.23%
Max Drawdown (5Y) Largest decline over 5 years	-9.62%	-27.26%	+17.64%
Max Drawdown (10Y) Largest decline over 10 years	-21.57%	—	—
Current Drawdown Current decline from peak	-0.11%	-4.39%	+4.28%
Average Drawdown Average peak-to-trough decline	-1.65%	-8.20%	+6.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.43%	2.92%	-2.49%

Volatility

STYC.L vs. STEA.L - Volatility Comparison

The current volatility for PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc (STYC.L) is 0.51%, while PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF EUR (Hedged) Acc (STEA.L) has a volatility of 1.69%. This indicates that STYC.L experiences smaller price fluctuations and is considered to be less risky than STEA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STYC.L	STEA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.51%	1.69%	-1.18%
Volatility (6M) Calculated over the trailing 6-month period	2.70%	5.91%	-3.21%
Volatility (1Y) Calculated over the trailing 1-year period	3.39%	7.79%	-4.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.71%	10.55%	-4.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.43%	10.81%	-4.38%

Dividends

STYC.L vs. STEA.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

STYC.L and STEA.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

STYC.L tracks Bloomberg US Corporate High Yield TR USD, while STEA.L tracks PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF EUR (Hedged) Acc.