CORP.L vs. V3GU.L
CORP.L (iShares Global Corp Bond UCITS ETF USD (Dist)) and V3GU.L (Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Accumulating) are both Global Corporate Bonds funds - CORP.L tracks the Bloomberg Global Aggregate Corporate Index (USD) while V3GU.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 0.77%/yr for V3GU.L. Their correlation of 0.80 suggests significant overlap in exposure. CORP.L charges 0.20%/yr vs 0.15%/yr for V3GU.L.
Performance
CORP.L vs. V3GU.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 V3GU.L's 0.38% 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%
V3GU.L
- 1D
- 0.00%
- 1M
- -0.75%
- 6M
- -0.00%
- YTD
- 0.38%
- 1Y
- 3.91%
- 3Y*
- 5.36%
- 5Y*
- 0.77%
- 10Y*
- —
CORP.L vs. V3GU.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% |
V3GU.L Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Accumulating | 0.38% | 6.22% | 3.97% | 8.67% | -13.25% | 1.63% |
Correlation
The correlation between CORP.L and V3GU.L is 0.77, 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 | 0.77 |
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 V3GU.L has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.
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Return for Risk
CORP.L vs. V3GU.L — Risk / Return Rank
CORP.L
V3GU.L
CORP.L vs. V3GU.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 Accumulating (V3GU.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 | V3GU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.17 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 1.49 | -0.60 |
| Martin ratioReturn relative to average drawdown | 2.45 | 5.09 | -2.64 |
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Drawdowns
CORP.L vs. V3GU.L - Drawdown Comparison
The maximum CORP.L drawdown since its inception was -25.09%, which is greater than V3GU.L's maximum drawdown of -19.14%. Use the drawdown chart below to compare losses from any high point for CORP.L and V3GU.L.
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Drawdown Indicators
| CORP.L | V3GU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.09% | -19.14% | -5.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -2.62% | -0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -6.07% | -3.73% | -2.34% |
Max Drawdown (5Y)Largest decline over 5 years | -24.80% | -19.14% | -5.66% |
Max Drawdown (10Y)Largest decline over 10 years | -25.09% | — | — |
Current DrawdownCurrent decline from peak | -2.23% | -0.93% | -1.30% |
Average DrawdownAverage peak-to-trough decline | -5.15% | -6.23% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 0.77% | +0.52% |
Volatility
CORP.L vs. V3GU.L - Volatility Comparison
iShares Global Corp Bond UCITS ETF USD (Dist) (CORP.L) has a higher volatility of 1.01% compared to Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Accumulating (V3GU.L) at 0.91%. This indicates that CORP.L's price experiences larger fluctuations and is considered to be riskier than V3GU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CORP.L | V3GU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 0.91% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.85% | 3.25% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.91% | 4.18% | +0.73% |
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% | 5.64% | +1.08% |
CORP.L vs. V3GU.L - Expense Ratio Comparison
CORP.L has a 0.20% expense ratio, which is higher than V3GU.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. V3GU.L - Dividend Comparison
CORP.L's dividend yield for the trailing twelve months is around 4.27%, while V3GU.L has not paid dividends to shareholders.
| 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% |
V3GU.L Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CORP.L and V3GU.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, V3GU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
V3GU.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 V3GU.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 V3GU.L.
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