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Vanguard EUR Corporate Bond UCITS ETF Accumulating (VECA.L) Sharpe Ratio: -0.23

ETF · Currency in GBP · Last updated Jul 17, 2026

VECA.L is a passive ETF by Vanguard tracking the investment results of the Bloomberg Euro Corp TR EUR. VECA.L launched on Feb 19, 2019 and has a 0.09% expense ratio.

VECA.L's Sharpe Ratio of -0.23 indicates that for each unit of volatility, it generates -0.23 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 17, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

VECA.L Sharpe Ratio Rank

VECA.L Sharpe Ratio Rank: 7.37
Concerning

VECA.L ranks above 7.3% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

VECA.L Sharpe Ratio Market Positioning

The chart shows VECA.L's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.73 or lower
  • Yellow zone (middle 50%): 0.73 to 1.92
  • Green zone (top 25%): 1.92 or higher
  • Top 1%: 6.44+
  • Median: 1.41 — half of all investments score higher

How it compares to other similar ETFs

The table compares Vanguard EUR Corporate Bond UCITS ETF Accumulating's Sharpe Ratio with other ETFs in the European Corporate Bonds category across multiple time periods, showing how VECA.L's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 17, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
HYGU.LiShares € High Yield Corp Bond UCITS ETF USD Hedged (Acc)1.57
SEUC.LSPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF1.49
IS15.LiShares GBP Corporate Bond 0-5yr UCITS ETF1.45
IRCP.LiShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist)1.16
SUOG.LiShares EUR Corporate Bond ESG SRI UCITS ETF GBP Hedged (Dist)0.93
JR15.LJPM EUR 1-5 Year IG Corporate Bond Active UCITS ETF EUR (Acc)0.82
IGBE.LInvesco GBP Corporate Bond ESG UCITS ETF Dist0.81
IGCB.LInvesco GBP Corporate Bond UCITS ETF Dist0.73
SUKC.LSPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF0.71
UKCO.LSPDR Bloomberg Sterling Corporate Bond UCITS ETF0.68
VECA.LVanguard EUR Corporate Bond UCITS ETF Accumulating-0.23

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows VECA.L's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when VECA.L consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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