STYC.L vs. STHY.L
STYC.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc) and STHY.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income) are both High Yield Bonds funds from PIMCO - STYC.L tracks the Bloomberg US Corporate High Yield TR USD while STHY.L tracks the ICE BofA 0-5 Year US High Yield Constrained Index. Both are passively managed. Over the past 10 years, STYC.L returned 5.50%/yr vs 5.49%/yr for STHY.L. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.55% expense ratio.
Performance
STYC.L vs. STHY.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with STYC.L having a 1.41% return and STHY.L slightly lower at 1.38%. Both investments have delivered pretty close results over the past 10 years, with STYC.L having a 5.50% annualized return and STHY.L not far behind at 5.49%.
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%
STHY.L
- 1D
- -0.09%
- 1M
- -0.09%
- YTD
- 1.38%
- 6M
- 2.02%
- 1Y
- 7.05%
- 3Y*
- 8.69%
- 5Y*
- 5.18%
- 10Y*
- 5.49%
STYC.L vs. STHY.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% |
STHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income | 1.38% | 8.60% | 8.44% | 11.65% | -4.82% | 4.37% | 3.88% | 10.09% | -0.65% | 5.45% |
Correlation
The correlation between STYC.L and STHY.L is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since May 19, 2015 | 0.89 |
Over the past year, the correlation between STYC.L and STHY.L has dropped to 0.65 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.
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Return for Risk
STYC.L vs. STHY.L — Risk / Return Rank
STYC.L
STHY.L
STYC.L vs. STHY.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 Income (STHY.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 | STHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.42 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.27 | 4.01 | +0.26 |
| Martin ratioReturn relative to average drawdown | 16.96 | 15.93 | +1.03 |
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 | STHY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 2.05 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.96 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.87 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.89 | -0.13 |
Drawdowns
STYC.L vs. STHY.L - Drawdown Comparison
The maximum STYC.L drawdown since its inception was -21.57%, roughly equal to the maximum STHY.L drawdown of -21.75%. Use the drawdown chart below to compare losses from any high point for STYC.L and STHY.L.
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Drawdown Indicators
| STYC.L | STHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.57% | -21.75% | +0.18% |
Max Drawdown (1Y)Largest decline over 1 year | -1.68% | -1.75% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -5.94% | -4.66% | -1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -9.62% | -9.55% | -0.07% |
Max Drawdown (10Y)Largest decline over 10 years | -21.57% | -21.75% | +0.18% |
Current DrawdownCurrent decline from peak | -0.02% | -0.28% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -1.67% | -1.42% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.44% | -0.02% |
Volatility
STYC.L vs. STHY.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 PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income (STHY.L) at 1.25%. This indicates that STYC.L's price experiences larger fluctuations and is considered to be riskier than STHY.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 | STHY.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% | 2.84% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.39% | 3.44% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.70% | 5.41% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.49% | 6.30% | +0.19% |
STYC.L vs. STHY.L - Expense Ratio Comparison
Both STYC.L and STHY.L have an expense ratio of 0.55%.
Dividends
STYC.L vs. STHY.L - Dividend Comparison
STYC.L has not paid dividends to shareholders, while STHY.L's dividend yield for the trailing twelve months is around 7.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
STHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income | 7.05% | 7.17% | 7.60% | 6.36% | 4.97% | 4.58% | 4.89% | 5.10% | 5.32% | 5.21% | 5.39% | 5.29% |
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 STHY.L have a correlation of 0.65, 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 STHY.L have the same expense ratio: 0.55% per year.
STYC.L tracks Bloomberg US Corporate High Yield TR USD, while STHY.L tracks ICE BofA 0-5 Year US High Yield Constrained Index.
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