0FLE.L vs. VUSC.L
0FLE.L (iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist)) and VUSC.L (Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD (Dist)) are both exchange-traded funds - 0FLE.L is a Ultrashort Bond fund tracking the Bloomberg US Floating Rate Note<5 Years Index, while VUSC.L is a Corporate Bonds fund tracking the Bloomberg Global Aggregate Corporate – United States Dollar Index 1-3 Year. Both are passively managed. Over the past 5 years, 0FLE.L returned 2.58%/yr vs 3.36%/yr for VUSC.L. At a correlation of -0.01, they often move in opposite directions. 0FLE.L charges 0.12%/yr vs 0.09%/yr for VUSC.L.
Performance
0FLE.L vs. VUSC.L - Performance Comparison
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Different Trading Currencies
0FLE.L is traded in EUR, while VUSC.L is traded in GBP. To make them comparable, the VUSC.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 0FLE.L achieves a 2.14% return, which is significantly lower than VUSC.L's 3.87% return.
0FLE.L
- 1D
- 0.47%
- 1M
- 0.94%
- 6M
- 2.14%
- YTD
- 2.14%
- 1Y
- 3.33%
- 3Y*
- 3.92%
- 5Y*
- 2.58%
- 10Y*
- —
VUSC.L
- 1D
- -0.24%
- 1M
- 1.56%
- 6M
- 2.83%
- YTD
- 3.87%
- 1Y
- 6.05%
- 3Y*
- 4.70%
- 5Y*
- 3.36%
- 10Y*
- —
0FLE.L vs. VUSC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
0FLE.L iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) | 2.14% | 2.69% | 4.89% | 4.20% | -0.49% | -0.51% | -1.77% | 2.79% | -1.53% |
VUSC.L Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD (Dist) | 3.87% | -6.48% | 12.35% | 1.78% | 2.14% | 7.65% | -5.41% | 8.60% | 3.36% |
Correlation
The correlation between 0FLE.L and VUSC.L is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since May 22, 2018 | -0.01 |
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Return for Risk
0FLE.L vs. VUSC.L — Risk / Return Rank
0FLE.L
VUSC.L
0FLE.L vs. VUSC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) (0FLE.L) and Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD (Dist) (VUSC.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.
| 0FLE.L | VUSC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.19 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.72 | 1.90 | +2.82 |
| Martin ratioReturn relative to average drawdown | 13.03 | 4.94 | +8.09 |
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Drawdowns
0FLE.L vs. VUSC.L - Drawdown Comparison
The maximum 0FLE.L drawdown since its inception was -3.91%, smaller than the maximum VUSC.L drawdown of -11.56%. Use the drawdown chart below to compare losses from any high point for 0FLE.L and VUSC.L.
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Drawdown Indicators
| 0FLE.L | VUSC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.91% | -11.56% | +7.65% |
Max Drawdown (1Y)Largest decline over 1 year | -0.71% | -3.17% | +2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -2.86% | -10.56% | +7.70% |
Max Drawdown (5Y)Largest decline over 5 years | -2.86% | -11.56% | +8.70% |
Current DrawdownCurrent decline from peak | -0.00% | -4.22% | +4.22% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -4.41% | +3.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.26% | 1.22% | -0.96% |
Volatility
0FLE.L vs. VUSC.L - Volatility Comparison
iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) (0FLE.L) has a higher volatility of 1.55% compared to Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD (Dist) (VUSC.L) at 1.33%. This indicates that 0FLE.L's price experiences larger fluctuations and is considered to be riskier than VUSC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 0FLE.L | VUSC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.33% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.12% | 4.10% | -1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.74% | 5.76% | -3.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.74% | 7.45% | -3.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.07% | 7.72% | -4.65% |
0FLE.L vs. VUSC.L - Expense Ratio Comparison
0FLE.L has a 0.12% expense ratio, which is higher than VUSC.L's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
0FLE.L vs. VUSC.L - Dividend Comparison
0FLE.L's dividend yield for the trailing twelve months is around 4.69%, less than VUSC.L's 4.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
0FLE.L iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) | 4.69% | 5.04% | 6.01% | 5.52% | 1.49% | 0.58% | 1.60% | 2.96% | 2.07% | 0.36% |
VUSC.L Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD (Dist) | 4.93% | 4.94% | 4.85% | 4.15% | 1.92% | 1.03% | 2.12% | 2.92% | 1.75% | 0.00% |
Frequently Asked Questions
0FLE.L and VUSC.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUSC.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUSC.L is cheaper with a 0.09% expense ratio, compared with 0.12% for 0FLE.L.
0FLE.L is categorized as Ultrashort Bond, while VUSC.L is Corporate Bonds. 0FLE.L tracks Bloomberg US Floating Rate Note<5 Years Index, while VUSC.L tracks Bloomberg Global Aggregate Corporate – United States Dollar Index 1-3 Year. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.12% for 0FLE.L and 0.09% for VUSC.L.
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