UHYC.L vs. STHY.L

Last updated Jun 5, 2026

UHYC.L (Lyxor ESG USD High Yield (DR) UCITS ETF - Acc) and STHY.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income) are both High Yield Bonds funds - UHYC.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 3 years, UHYC.L returned 8.55%/yr vs 8.69%/yr for STHY.L. A 0.78 correlation means they provide meaningful diversification when combined. UHYC.L charges 0.25%/yr vs 0.55%/yr for STHY.L.

Performance

UHYC.L vs. STHY.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lyxor ESG USD High Yield (DR) UCITS ETF - Acc (UHYC.L) and PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income (STHY.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UHYC.L achieves a 1.10% return, which is significantly lower than STHY.L's 1.38% return.

UHYC.L

• 1D: -0.03%
• 1M: 0.08%
• YTD: 1.10%
• 6M: 1.58%
• 1Y: 6.53%
• 3Y*: 8.55%
• 5Y*: —
• 10Y*: —

STHY.L

• 1D: -0.09%
• 1M: -0.23%
• YTD: 1.38%
• 6M: 1.87%
• 1Y: 7.04%
• 3Y*: 8.69%
• 5Y*: 5.18%
• 10Y*: 5.49%

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

UHYC.L vs. STHY.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
UHYC.L Lyxor ESG USD High Yield (DR) UCITS ETF - Acc	1.10%	8.84%	7.95%	12.03%	0.80%
STHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income	1.38%	8.60%	8.44%	11.65%	3.36%

Correlation

The correlation between UHYC.L and STHY.L is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022	0.78

The correlation between UHYC.L and STHY.L shifts across timeframes, from 0.64 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.

Return for Risk

UHYC.L vs. STHY.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UHYC.L

UHYC.L Risk / Return Rank: 57
UHYC.L Sharpe Ratio Rank: 54
UHYC.L Sortino Ratio Rank: 61
UHYC.L Omega Ratio Rank: 57
UHYC.L Calmar Ratio Rank: 50
UHYC.L Martin Ratio Rank: 61

STHY.L

STHY.L Risk / Return Rank: 72
STHY.L Sharpe Ratio Rank: 62
STHY.L Sortino Ratio Rank: 67
STHY.L Omega Ratio Rank: 72
STHY.L Calmar Ratio Rank: 79
STHY.L Martin Ratio Rank: 82

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.

UHYC.L vs. STHY.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor ESG USD High Yield (DR) UCITS ETF - Acc (UHYC.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.

	UHYC.L	STHY.L	Difference
Sharpe ratio: Return per unit of total volatility	1.83	2.05	-0.22
Sortino ratio: Return per unit of downside risk	2.85	3.03	-0.18
Omega ratio: Gain probability vs. loss probability	1.34	1.42	-0.08
Calmar ratio: Return relative to maximum drawdown	2.43	4.01	-1.58
Martin ratio: Return relative to average drawdown	10.62	15.93	-5.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UHYC.L vs. STHY.L - Sharpe Ratio Comparison

The current UHYC.L Sharpe Ratio is 1.83, which is comparable to the STHY.L Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of UHYC.L and STHY.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

	UHYC.L	STHY.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	2.05	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.96	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.16	0.89	+0.27

Drawdowns

UHYC.L vs. STHY.L - Drawdown Comparison

The maximum UHYC.L drawdown since its inception was -9.25%, smaller than the maximum STHY.L drawdown of -21.75%. Use the drawdown chart below to compare losses from any high point for UHYC.L and STHY.L.

Drawdown Indicators

	UHYC.L	STHY.L	Difference
Max Drawdown Largest peak-to-trough decline	-9.25%	-21.75%	+12.50%
Max Drawdown (1Y) Largest decline over 1 year	-2.75%	-1.75%	-1.00%
Max Drawdown (3Y) Largest decline over 3 years	-4.88%	-4.66%	-0.22%
Max Drawdown (5Y) Largest decline over 5 years	—	-9.55%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-21.75%	—
Current Drawdown Current decline from peak	-0.12%	-0.28%	+0.16%
Average Drawdown Average peak-to-trough decline	-1.20%	-1.42%	+0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.63%	0.44%	+0.19%

Volatility

UHYC.L vs. STHY.L - Volatility Comparison

Lyxor ESG USD High Yield (DR) UCITS ETF - Acc (UHYC.L) has a higher volatility of 1.34% compared to PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income (STHY.L) at 1.25%. This indicates that UHYC.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.

Volatility by Period

	UHYC.L	STHY.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.34%	1.25%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	2.86%	2.84%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	3.66%	3.44%	+0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.76%	5.41%	+1.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.76%	6.30%	+0.46%

UHYC.L vs. STHY.L - Expense Ratio Comparison

UHYC.L has a 0.25% expense ratio, which is lower than STHY.L's 0.55% expense ratio.

Dividends

UHYC.L vs. STHY.L - Dividend Comparison

UHYC.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%
UHYC.L Lyxor ESG USD High Yield (DR) 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

Can I hold both UHYC.L and STHY.L in my portfolio?

UHYC.L and STHY.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UHYC.L or STHY.L?

On fees, UHYC.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UHYC.L or STHY.L?

UHYC.L is cheaper with a 0.25% expense ratio, compared with 0.55% for STHY.L.

What is the main difference between UHYC.L and STHY.L?

UHYC.L tracks Bloomberg US Corporate High Yield TR USD, while STHY.L tracks ICE BofA 0-5 Year US High Yield Constrained Index. They also come from different issuers: Amundi and PIMCO. Their fees differ too: 0.25% for UHYC.L and 0.55% for STHY.L.