STYC.L vs. TRE7.L

Last updated Jun 5, 2026

STYC.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc) and TRE7.L (Invesco US Treasury Bond 3-7 Year UCITS ETF Dist) are both exchange-traded funds - STYC.L is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD, while TRE7.L is a Government Bonds fund tracking the Bloomberg US 3-7 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, STYC.L returned 5.21%/yr vs 0.38%/yr for TRE7.L. At a 0.18 correlation, their price movements are largely independent. STYC.L charges 0.55%/yr vs 0.06%/yr for TRE7.L.

Performance

STYC.L vs. TRE7.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 Invesco US Treasury Bond 3-7 Year UCITS ETF Dist (TRE7.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STYC.L achieves a 1.41% return, which is significantly higher than TRE7.L's -0.43% 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%

TRE7.L

• 1D: 0.20%
• 1M: -0.05%
• YTD: -0.43%
• 6M: -0.08%
• 1Y: 3.24%
• 3Y*: 3.70%
• 5Y*: 0.38%
• 10Y*: —

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

STYC.L vs. TRE7.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
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%	7.42%
TRE7.L Invesco US Treasury Bond 3-7 Year UCITS ETF Dist	-0.43%	7.31%	2.08%	4.25%	-9.37%	-2.35%	6.98%	5.81%

Correlation

The correlation between STYC.L and TRE7.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jan 15, 2019	0.18

The correlation between STYC.L and TRE7.L shifts across timeframes, from 0.18 (all time) to 0.41 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

STYC.L vs. TRE7.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

TRE7.L

TRE7.L Risk / Return Rank: 30
TRE7.L Sharpe Ratio Rank: 31
TRE7.L Sortino Ratio Rank: 31
TRE7.L Omega Ratio Rank: 30
TRE7.L Calmar Ratio Rank: 27
TRE7.L Martin Ratio Rank: 29

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. TRE7.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 Invesco US Treasury Bond 3-7 Year UCITS ETF Dist (TRE7.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	TRE7.L	Difference
Sharpe ratio: Return per unit of total volatility	2.13	1.10	+1.03
Sortino ratio: Return per unit of downside risk	3.25	1.64	+1.60
Omega ratio: Gain probability vs. loss probability	1.42	1.20	+0.22
Calmar ratio: Return relative to maximum drawdown	4.27	1.29	+2.98
Martin ratio: Return relative to average drawdown	16.96	4.09	+12.87
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. TRE7.L - Sharpe Ratio Comparison

The current STYC.L Sharpe Ratio is 2.13, which is higher than the TRE7.L Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of STYC.L and TRE7.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	TRE7.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	1.10	+1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	0.08	+0.83
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	0.42	+0.34

Drawdowns

STYC.L vs. TRE7.L - Drawdown Comparison

The maximum STYC.L drawdown since its inception was -21.57%, which is greater than TRE7.L's maximum drawdown of -14.12%. Use the drawdown chart below to compare losses from any high point for STYC.L and TRE7.L.

Drawdown Indicators

	STYC.L	TRE7.L	Difference
Max Drawdown Largest peak-to-trough decline	-21.57%	-14.12%	-7.45%
Max Drawdown (1Y) Largest decline over 1 year	-1.68%	-2.51%	+0.83%
Max Drawdown (3Y) Largest decline over 3 years	-5.94%	-3.71%	-2.23%
Max Drawdown (5Y) Largest decline over 5 years	-9.62%	-13.54%	+3.92%
Max Drawdown (10Y) Largest decline over 10 years	-21.57%	—	—
Current Drawdown Current decline from peak	-0.02%	-1.59%	+1.57%
Average Drawdown Average peak-to-trough decline	-1.67%	-4.44%	+2.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.42%	0.79%	-0.37%

Volatility

STYC.L vs. TRE7.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 Invesco US Treasury Bond 3-7 Year UCITS ETF Dist (TRE7.L) at 1.20%. This indicates that STYC.L's price experiences larger fluctuations and is considered to be riskier than TRE7.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STYC.L	TRE7.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	1.20%	+0.21%
Volatility (6M) Calculated over the trailing 6-month period	2.69%	2.14%	+0.55%
Volatility (1Y) Calculated over the trailing 1-year period	3.39%	2.96%	+0.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.70%	4.75%	+0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.49%	4.26%	+2.23%

STYC.L vs. TRE7.L - Expense Ratio Comparison

STYC.L has a 0.55% expense ratio, which is higher than TRE7.L's 0.06% expense ratio.

Dividends

STYC.L vs. TRE7.L - Dividend Comparison

STYC.L has not paid dividends to shareholders, while TRE7.L's dividend yield for the trailing twelve months is around 4.14%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
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%
TRE7.L Invesco US Treasury Bond 3-7 Year UCITS ETF Dist	4.14%	4.09%	4.23%	3.61%	1.72%	0.87%	1.29%	1.89%

Frequently Asked Questions

Can I hold both STYC.L and TRE7.L in my portfolio?

STYC.L and TRE7.L have a correlation of 0.34, 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 TRE7.L?

On fees, TRE7.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, STYC.L or TRE7.L?

TRE7.L is cheaper with a 0.06% expense ratio, compared with 0.55% for STYC.L.

What is the main difference between STYC.L and TRE7.L?

STYC.L is categorized as High Yield Bonds, while TRE7.L is Government Bonds. STYC.L tracks Bloomberg US Corporate High Yield TR USD, while TRE7.L tracks Bloomberg US 3-7 Year Treasury Bond Index. They also come from different issuers: PIMCO and Invesco. Their fees differ too: 0.55% for STYC.L and 0.06% for TRE7.L.