FVUI.DE vs. VUCE.DE
FVUI.DE (Franklin USD Investment Grade Corporate Bond UCITS ETF) and VUCE.DE (Vanguard USD Corporate Bond UCITS ETF Accumulating) are both Corporate Bonds funds - FVUI.DE tracks the Franklin USD Investment Grade Corporate Bond while VUCE.DE tracks the Bloomberg Global Aggregate Corporate USD. Both are passively managed. Over the past 5 years, FVUI.DE returned 0.97%/yr vs 1.63%/yr for VUCE.DE. A 0.54 correlation means they provide meaningful diversification when combined. FVUI.DE charges 0.35%/yr vs 0.09%/yr for VUCE.DE.
Performance
FVUI.DE vs. VUCE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FVUI.DE achieves a 1.32% return, which is significantly lower than VUCE.DE's 1.67% return.
FVUI.DE
- 1D
- 0.08%
- 1M
- 1.16%
- YTD
- 1.32%
- 6M
- 0.52%
- 1Y
- 3.14%
- 3Y*
- 1.75%
- 5Y*
- 0.97%
- 10Y*
- —
VUCE.DE
- 1D
- 0.13%
- 1M
- 1.23%
- YTD
- 1.67%
- 6M
- 1.00%
- 1Y
- 4.10%
- 3Y*
- 2.60%
- 5Y*
- 1.63%
- 10Y*
- —
FVUI.DE vs. VUCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FVUI.DE Franklin USD Investment Grade Corporate Bond UCITS ETF | 1.32% | -4.78% | 7.37% | 2.60% | -8.69% | 4.81% | -0.94% | 7.79% |
VUCE.DE Vanguard USD Corporate Bond UCITS ETF Accumulating | 1.67% | -4.17% | 8.58% | 4.45% | -9.55% | 7.08% | -0.48% | 6.52% |
Correlation
The correlation between FVUI.DE and VUCE.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2019 | 0.54 |
Over the past year, FVUI.DE and VUCE.DE have become more correlated (0.91) than their long-term average of 0.54, meaning their price movements have been converging.
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Return for Risk
FVUI.DE vs. VUCE.DE — Risk / Return Rank
FVUI.DE
VUCE.DE
FVUI.DE vs. VUCE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin USD Investment Grade Corporate Bond UCITS ETF (FVUI.DE) and Vanguard USD Corporate Bond UCITS ETF Accumulating (VUCE.DE). 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.
| FVUI.DE | VUCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.12 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 1.16 | -0.38 |
| Martin ratioReturn relative to average drawdown | 1.84 | 2.99 | -1.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FVUI.DE | VUCE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 0.66 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.20 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.22 | +0.06 |
Drawdowns
FVUI.DE vs. VUCE.DE - Drawdown Comparison
The maximum FVUI.DE drawdown since its inception was -16.78%, which is greater than VUCE.DE's maximum drawdown of -13.02%. Use the drawdown chart below to compare losses from any high point for FVUI.DE and VUCE.DE.
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Drawdown Indicators
| FVUI.DE | VUCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.78% | -13.02% | -3.76% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -3.24% | -0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -11.53% | -11.15% | -0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -13.77% | -12.75% | -1.02% |
Current DrawdownCurrent decline from peak | -6.12% | -5.08% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -6.88% | -5.43% | -1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 1.26% | +0.25% |
Volatility
FVUI.DE vs. VUCE.DE - Volatility Comparison
Franklin USD Investment Grade Corporate Bond UCITS ETF (FVUI.DE) has a higher volatility of 1.38% compared to Vanguard USD Corporate Bond UCITS ETF Accumulating (VUCE.DE) at 0.91%. This indicates that FVUI.DE's price experiences larger fluctuations and is considered to be riskier than VUCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FVUI.DE | VUCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 0.91% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 4.44% | 3.98% | +0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.12% | 5.71% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.35% | 8.02% | +1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.95% | 8.36% | +4.59% |
FVUI.DE vs. VUCE.DE - Expense Ratio Comparison
FVUI.DE has a 0.35% expense ratio, which is higher than VUCE.DE's 0.09% expense ratio.
Dividends
FVUI.DE vs. VUCE.DE - Dividend Comparison
FVUI.DE's dividend yield for the trailing twelve months is around 3.48%, while VUCE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FVUI.DE Franklin USD Investment Grade Corporate Bond UCITS ETF | 3.48% | 3.53% | 3.94% | 3.22% | 2.63% | 1.81% | 2.06% | 2.99% | 1.40% |
VUCE.DE Vanguard USD Corporate Bond UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, FVUI.DE and VUCE.DE 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.
On fees, VUCE.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUCE.DE is cheaper with a 0.09% expense ratio, compared with 0.35% for FVUI.DE.
FVUI.DE tracks Franklin USD Investment Grade Corporate Bond, while VUCE.DE tracks Bloomberg Global Aggregate Corporate USD. They also come from different issuers: Franklin Templeton and Vanguard. Their fees differ too: 0.35% for FVUI.DE and 0.09% for VUCE.DE.
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