EUSB vs. VCEB
EUSB (iShares ESG Advanced Total USD Bond Market ETF) and VCEB (Vanguard ESG U.S. Corporate Bond ETF) are both exchange-traded funds - EUSB is a Intermediate Core-Plus Bond fund tracking the Bloomberg MSCI US Universal Choice ESG Screened Index, while VCEB is a Corporate Bonds fund tracking the Bloomberg Barclays MSCI US Corp SRI Select Index. Both are passively managed. Over the past 5 years, EUSB returned 0.31%/yr vs 0.36%/yr for VCEB. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.12% expense ratio.
Performance
EUSB vs. VCEB - Performance Comparison
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Returns By Period
In the year-to-date period, EUSB achieves a 0.28% return, which is significantly lower than VCEB's 0.41% return.
EUSB
- 1D
- -0.18%
- 1M
- 0.64%
- YTD
- 0.28%
- 6M
- 0.49%
- 1Y
- 4.51%
- 3Y*
- 4.30%
- 5Y*
- 0.31%
- 10Y*
- —
VCEB
- 1D
- -0.24%
- 1M
- 0.64%
- YTD
- 0.41%
- 6M
- 0.55%
- 1Y
- 4.62%
- 3Y*
- 5.01%
- 5Y*
- 0.36%
- 10Y*
- —
EUSB vs. VCEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EUSB iShares ESG Advanced Total USD Bond Market ETF | 0.28% | 7.45% | 1.83% | 5.80% | -12.81% | -1.29% | 0.78% |
VCEB Vanguard ESG U.S. Corporate Bond ETF | 0.41% | 7.48% | 2.23% | 8.52% | -15.15% | -1.99% | 2.45% |
Correlation
The correlation between EUSB and VCEB is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2020 | 0.90 |
The correlation between EUSB and VCEB has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
EUSB vs. VCEB — Risk / Return Rank
EUSB
VCEB
EUSB vs. VCEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced Total USD Bond Market ETF (EUSB) and Vanguard ESG U.S. Corporate Bond ETF (VCEB). 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.
| EUSB | VCEB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.19 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 1.65 | +0.18 |
| Martin ratioReturn relative to average drawdown | 5.20 | 4.96 | +0.25 |
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Drawdowns
EUSB vs. VCEB - Drawdown Comparison
The maximum EUSB drawdown since its inception was -17.87%, smaller than the maximum VCEB drawdown of -21.60%. Use the drawdown chart below to compare losses from any high point for EUSB and VCEB.
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Drawdown Indicators
| EUSB | VCEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.87% | -21.60% | +3.73% |
Max Drawdown (1Y)Largest decline over 1 year | -2.48% | -2.82% | +0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -5.76% | -6.09% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -17.45% | -21.39% | +3.94% |
Current DrawdownCurrent decline from peak | -1.22% | -0.96% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -6.45% | -7.57% | +1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 0.94% | -0.07% |
Volatility
EUSB vs. VCEB - Volatility Comparison
The current volatility for iShares ESG Advanced Total USD Bond Market ETF (EUSB) is 0.99%, while Vanguard ESG U.S. Corporate Bond ETF (VCEB) has a volatility of 1.21%. This indicates that EUSB experiences smaller price fluctuations and is considered to be less risky than VCEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUSB | VCEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 1.21% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 3.22% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.50% | 4.21% | -0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.78% | 6.84% | -1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.40% | 6.64% | -1.24% |
EUSB vs. VCEB - Expense Ratio Comparison
Both EUSB and VCEB have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EUSB vs. VCEB - Dividend Comparison
EUSB's dividend yield for the trailing twelve months is around 3.96%, less than VCEB's 4.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EUSB iShares ESG Advanced Total USD Bond Market ETF | 3.96% | 3.84% | 3.67% | 3.08% | 2.21% | 1.10% | 0.57% |
VCEB Vanguard ESG U.S. Corporate Bond ETF | 4.65% | 4.57% | 4.47% | 3.70% | 2.84% | 1.69% | 0.43% |
Frequently Asked Questions
With a correlation of 0.92, EUSB and VCEB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VCEB has higher volatility (1.21%) compared to EUSB (0.99%). In terms of maximum drawdown, EUSB dropped -17.87% vs VCEB's -21.60%.
On 5-year performance, VCEB leads with 0.36% vs 0.31% for EUSB. Both ETFs have the same 0.12% expense ratio. On volatility, EUSB has been the lower-risk option at 0.99%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VCEB has performed better with a 0.36% return vs 0.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EUSB and VCEB have the same expense ratio: 0.12% per year.
VCEB has the higher dividend yield at 4.65%, compared with 3.96% for EUSB.
EUSB is categorized as Intermediate Core-Plus Bond, while VCEB is Corporate Bonds. EUSB tracks Bloomberg MSCI US Universal Choice ESG Screened Index, while VCEB tracks Bloomberg Barclays MSCI US Corp SRI Select Index. They also come from different issuers: iShares and Vanguard.
EUSB currently has the higher Sharpe Ratio (1.29 vs 1.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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