WING.L vs. STYC.L
WING.L (iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist)) and STYC.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc) are both High Yield Bonds funds - WING.L tracks the iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) while STYC.L tracks the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 10 years, WING.L returned 5.62%/yr vs 5.26%/yr for STYC.L. A 0.68 correlation means they provide meaningful diversification when combined. WING.L charges 0.50%/yr vs 0.55%/yr for STYC.L.
Performance
WING.L vs. STYC.L - Performance Comparison
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Returns By Period
In the year-to-date period, WING.L achieves a 0.95% return, which is significantly lower than STYC.L's 1.69% return. Over the past 10 years, WING.L has outperformed STYC.L with an annualized return of 5.62%, while STYC.L has yielded a comparatively lower 5.26% annualized return.
WING.L
- 1D
- 0.37%
- 1M
- 0.04%
- 6M
- 0.95%
- YTD
- 0.95%
- 1Y
- 5.80%
- 3Y*
- 7.44%
- 5Y*
- 2.41%
- 10Y*
- 5.62%
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%
WING.L vs. STYC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WING.L iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) | 0.95% | 12.63% | 2.89% | 12.92% | -14.36% | 2.26% | 17.97% | 15.54% | -5.11% | 12.38% |
STYC.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc | 1.69% | 9.13% | 8.08% | 11.66% | -4.84% | 4.37% | 3.84% | 10.02% | -0.49% | 5.31% |
Correlation
The correlation between WING.L and STYC.L is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2016 | 0.68 |
The correlation between WING.L and STYC.L shifts across timeframes, from 0.54 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
WING.L vs. STYC.L — Risk / Return Rank
WING.L
STYC.L
WING.L vs. STYC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) (WING.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.
| WING.L | STYC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.35 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 3.67 | -2.39 |
| Martin ratioReturn relative to average drawdown | 5.06 | 14.40 | -9.34 |
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Drawdowns
WING.L vs. STYC.L - Drawdown Comparison
The maximum WING.L drawdown since its inception was -25.18%, 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 WING.L and STYC.L.
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Drawdown Indicators
| WING.L | STYC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.18% | -21.57% | -3.61% |
Max Drawdown (1Y)Largest decline over 1 year | -4.36% | -1.68% | -2.68% |
Max Drawdown (3Y)Largest decline over 3 years | -5.02% | -5.94% | +0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -9.62% | -12.00% |
Max Drawdown (10Y)Largest decline over 10 years | -25.18% | -21.57% | -3.61% |
Current DrawdownCurrent decline from peak | -0.50% | -0.11% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -3.97% | -1.65% | -2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 0.43% | +0.68% |
Volatility
WING.L vs. STYC.L - Volatility Comparison
iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) (WING.L) has a higher volatility of 1.58% compared to PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Acc (STYC.L) at 0.51%. This indicates that WING.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
| WING.L | STYC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 0.51% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 3.86% | 2.70% | +1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.85% | 3.39% | +1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.47% | 5.71% | +1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.09% | 6.43% | +2.66% |
WING.L vs. STYC.L - Expense Ratio Comparison
WING.L has a 0.50% expense ratio, which is lower than STYC.L's 0.55% expense ratio.
Dividends
WING.L vs. STYC.L - Dividend Comparison
WING.L's dividend yield for the trailing twelve months is around 5.71%, while STYC.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WING.L iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) | 5.71% | 5.67% | 5.86% | 5.20% | 4.43% | 3.92% | 4.25% | 4.56% | 4.98% | 4.44% | 2.11% |
Frequently Asked Questions
WING.L and STYC.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WING.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WING.L is cheaper with a 0.50% expense ratio, compared with 0.55% for STYC.L.
WING.L tracks iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist), while STYC.L tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.50% for WING.L and 0.55% for STYC.L.
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