TAHY.L vs. STYC.L
TAHY.L (Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc) and STYC.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc) are both High Yield Bonds funds - TAHY.L tracks the Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc while STYC.L tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 3 years, TAHY.L returned 8.17%/yr vs 8.33%/yr for STYC.L. At a 0.20 correlation, their price movements are largely independent.
Performance
TAHY.L vs. STYC.L - Performance Comparison
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Returns By Period
In the year-to-date period, TAHY.L achieves a 3.88% return, which is significantly higher than STYC.L's 1.69% return.
TAHY.L
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 3.11%
- YTD
- 3.88%
- 1Y
- 6.69%
- 3Y*
- 8.17%
- 5Y*
- —
- 10Y*
- —
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%
TAHY.L vs. STYC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TAHY.L Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc | 3.88% | 7.26% | 17.54% | -10.74% | -18.39% | -13.10% |
STYC.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc | 1.69% | 9.13% | 8.08% | 11.66% | -4.84% | 0.42% |
Correlation
The correlation between TAHY.L and STYC.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2021 | 0.20 |
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Return for Risk
TAHY.L vs. STYC.L — Risk / Return Rank
TAHY.L
STYC.L
TAHY.L vs. STYC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc (TAHY.L) and PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc (STYC.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.
| TAHY.L | STYC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.35 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 3.67 | -1.08 |
| Martin ratioReturn relative to average drawdown | 7.38 | 14.40 | -7.02 |
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Drawdowns
TAHY.L vs. STYC.L - Drawdown Comparison
The maximum TAHY.L drawdown since its inception was -51.61%, which is greater than STYC.L's maximum drawdown of -21.57%. Use the drawdown chart below to compare losses from any high point for TAHY.L and STYC.L.
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Drawdown Indicators
| TAHY.L | STYC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.61% | -21.57% | -30.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -1.68% | -0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -11.20% | -5.94% | -5.26% |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.62% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.57% | — |
Current DrawdownCurrent decline from peak | -17.10% | -0.11% | -16.99% |
Average DrawdownAverage peak-to-trough decline | -26.81% | -1.65% | -25.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.43% | +0.48% |
Volatility
TAHY.L vs. STYC.L - Volatility Comparison
Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc (TAHY.L) has a higher volatility of 1.07% compared to PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc (STYC.L) at 0.51%. This indicates that TAHY.L's price experiences larger fluctuations and is considered to be riskier than STYC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAHY.L | STYC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 0.51% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 2.70% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 3.39% | +0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.09% | 5.71% | +7.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.09% | 6.43% | +6.66% |
Dividends
TAHY.L vs. STYC.L - Dividend Comparison
Neither TAHY.L nor STYC.L has paid dividends to shareholders.
Frequently Asked Questions
TAHY.L and STYC.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TAHY.L tracks Janus Henderson Haitong Asia ex-Japan High Yield Corp USD Bond Screened Core UCITS ETF Acc, while STYC.L tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: Janus Henderson and PIMCO.
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