CORP.L vs. V3GD.L
CORP.L (iShares Global Corp Bond UCITS ETF USD (Dist)) and V3GD.L (Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing) are both Global Corporate Bonds funds - CORP.L tracks the Bloomberg Global Aggregate Corporate Index (USD) while V3GD.L tracks the Bloomberg Gbl Agg Corp 0901 TR Hdg USD. Both are passively managed. Over the past 5 years, CORP.L returned -0.16%/yr vs 0.71%/yr for V3GD.L. Their correlation of 0.80 suggests significant overlap in exposure. CORP.L charges 0.20%/yr vs 0.15%/yr for V3GD.L.
Performance
CORP.L vs. V3GD.L - Performance Comparison
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Returns By Period
In the year-to-date period, CORP.L achieves a -0.49% return, which is significantly lower than V3GD.L's 0.10% return.
CORP.L
- 1D
- 0.10%
- 1M
- -0.86%
- 6M
- -0.48%
- YTD
- -0.49%
- 1Y
- 3.35%
- 3Y*
- 5.03%
- 5Y*
- -0.16%
- 10Y*
- 1.94%
V3GD.L
- 1D
- -0.23%
- 1M
- -1.03%
- 6M
- -0.35%
- YTD
- 0.10%
- 1Y
- 3.48%
- 3Y*
- 5.24%
- 5Y*
- 0.71%
- 10Y*
- —
CORP.L vs. V3GD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CORP.L iShares Global Corp Bond UCITS ETF USD (Dist) | -0.49% | 9.82% | 1.37% | 8.71% | -16.01% | -0.55% |
V3GD.L Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing | 0.10% | 6.26% | 3.99% | 8.69% | -13.43% | 1.71% |
Correlation
The correlation between CORP.L and V3GD.L is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since May 20, 2021 | 0.80 |
The correlation between CORP.L and V3GD.L has been stable across timeframes, ranging from 0.79 to 0.81 - a consistent structural relationship.
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Return for Risk
CORP.L vs. V3GD.L — Risk / Return Rank
CORP.L
V3GD.L
CORP.L vs. V3GD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Corp Bond UCITS ETF USD (Dist) (CORP.L) and Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing (V3GD.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.
| CORP.L | V3GD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.16 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 1.35 | -0.45 |
| Martin ratioReturn relative to average drawdown | 2.45 | 4.42 | -1.97 |
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Drawdowns
CORP.L vs. V3GD.L - Drawdown Comparison
The maximum CORP.L drawdown since its inception was -25.09%, which is greater than V3GD.L's maximum drawdown of -19.12%. Use the drawdown chart below to compare losses from any high point for CORP.L and V3GD.L.
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Drawdown Indicators
| CORP.L | V3GD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.09% | -19.12% | -5.97% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -2.58% | -0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -6.07% | -3.60% | -2.47% |
Max Drawdown (5Y)Largest decline over 5 years | -24.80% | -19.12% | -5.68% |
Max Drawdown (10Y)Largest decline over 10 years | -25.09% | — | — |
Current DrawdownCurrent decline from peak | -2.23% | -1.34% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -5.15% | -6.21% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 0.78% | +0.51% |
Volatility
CORP.L vs. V3GD.L - Volatility Comparison
iShares Global Corp Bond UCITS ETF USD (Dist) (CORP.L) and Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing (V3GD.L) have volatilities of 1.01% and 1.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CORP.L | V3GD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.05% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.85% | 3.20% | +0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.91% | 3.98% | +0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.98% | 5.70% | +1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.72% | 5.65% | +1.07% |
CORP.L vs. V3GD.L - Expense Ratio Comparison
CORP.L has a 0.20% expense ratio, which is higher than V3GD.L's 0.15% 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
CORP.L vs. V3GD.L - Dividend Comparison
CORP.L's dividend yield for the trailing twelve months is around 4.27%, less than V3GD.L's 4.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORP.L iShares Global Corp Bond UCITS ETF USD (Dist) | 4.27% | 4.05% | 3.98% | 3.22% | 2.60% | 2.13% | 2.28% | 2.67% | 2.71% | 2.48% | 2.73% | 2.68% |
V3GD.L Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing | 4.39% | 4.45% | 4.35% | 4.06% | 2.44% | 0.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CORP.L and V3GD.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, V3GD.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
V3GD.L is cheaper with a 0.15% expense ratio, compared with 0.20% for CORP.L.
CORP.L tracks Bloomberg Global Aggregate Corporate Index (USD), while V3GD.L tracks Bloomberg Gbl Agg Corp 0901 TR Hdg USD. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for CORP.L and 0.15% for V3GD.L.
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