WIGG.L vs. STEA.L
WIGG.L (iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist)) and STEA.L (PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF EUR Hedged (Acc)) are both High Yield Bonds funds - WIGG.L tracks the ICE BofA Gbl HY Constnd TR HGBP while STEA.L tracks the ICE BofA 0-5 Year US High Yield Constrained Index. Both are passively managed. Over the past 5 years, WIGG.L returned 2.53%/yr vs 2.95%/yr for STEA.L. At a 0.37 correlation, their price movements are largely independent. WIGG.L charges 0.55%/yr vs 0.60%/yr for STEA.L.
Performance
WIGG.L vs. STEA.L - Performance Comparison
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Different Trading Currencies
WIGG.L is traded in GBP, while STEA.L is traded in EUR. To make them comparable, the STEA.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, WIGG.L achieves a 2.31% return, which is significantly higher than STEA.L's -1.93% return.
WIGG.L
- 1D
- 0.20%
- 1M
- 0.32%
- 6M
- 1.50%
- YTD
- 2.31%
- 1Y
- 6.58%
- 3Y*
- 7.29%
- 5Y*
- 2.53%
- 10Y*
- —
STEA.L
- 1D
- 0.08%
- 1M
- -1.91%
- 6M
- -1.52%
- YTD
- -1.93%
- 1Y
- 2.12%
- 3Y*
- 5.68%
- 5Y*
- 2.95%
- 10Y*
- —
WIGG.L vs. STEA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WIGG.L iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) | 2.31% | 8.79% | 4.72% | 10.99% | -12.83% | 3.93% | 13.26% | 14.53% | -3.37% |
STEA.L PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) | -1.93% | 12.29% | 1.80% | 6.97% | -2.10% | -2.70% | 7.22% | 0.74% | -0.28% |
Correlation
The correlation between WIGG.L and STEA.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018 | 0.37 |
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Return for Risk
WIGG.L vs. STEA.L — Risk / Return Rank
WIGG.L
STEA.L
WIGG.L vs. STEA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) (WIGG.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.
| WIGG.L | STEA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.07 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 0.79 | +1.12 |
| Martin ratioReturn relative to average drawdown | 8.02 | 2.06 | +5.96 |
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Drawdowns
WIGG.L vs. STEA.L - Drawdown Comparison
The maximum WIGG.L drawdown since its inception was -23.43%, which is greater than STEA.L's maximum drawdown of -21.02%. Use the drawdown chart below to compare losses from any high point for WIGG.L and STEA.L.
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Drawdown Indicators
| WIGG.L | STEA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.43% | -21.02% | -2.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.43% | -2.69% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -4.44% | -2.97% | -1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -17.34% | -10.92% | -6.42% |
Current DrawdownCurrent decline from peak | -0.40% | -2.42% | +2.02% |
Average DrawdownAverage peak-to-trough decline | -3.53% | -3.74% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 1.03% | -0.21% |
Volatility
WIGG.L vs. STEA.L - Volatility Comparison
The current volatility for iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) (WIGG.L) is 0.74%, while PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) (STEA.L) has a volatility of 1.20%. This indicates that WIGG.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.
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Volatility by Period
| WIGG.L | STEA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 1.20% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 3.78% | -0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.92% | 5.07% | -1.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.07% | 7.04% | -0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.49% | 8.33% | -0.84% |
WIGG.L vs. STEA.L - Expense Ratio Comparison
WIGG.L has a 0.55% expense ratio, which is lower than STEA.L's 0.60% expense ratio.
Dividends
WIGG.L vs. STEA.L - Dividend Comparison
WIGG.L's dividend yield for the trailing twelve months is around 5.60%, while STEA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
STEA.L PIMCO Advantage US Short-Term High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WIGG.L iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) | 5.60% | 5.58% | 5.75% | 5.08% | 4.47% | 3.89% | 4.24% | 4.53% | 3.28% |
Frequently Asked Questions
WIGG.L and STEA.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WIGG.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WIGG.L is cheaper with a 0.55% expense ratio, compared with 0.60% for STEA.L.
WIGG.L tracks ICE BofA Gbl HY Constnd TR HGBP, while STEA.L tracks ICE BofA 0-5 Year US High Yield Constrained Index. They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.55% for WIGG.L and 0.60% for STEA.L.
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