ICBU.L vs. VNRT.AS
ICBU.L (iShares USD Intermediate Credit Bond UCITS ETF) and VNRT.AS (Vanguard FTSE North America UCITS ETF) are both exchange-traded funds - ICBU.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD, while VNRT.AS is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, ICBU.L returned 1.73%/yr vs 13.28%/yr for VNRT.AS. At a 0.11 correlation, their price movements are largely independent. ICBU.L charges 0.15%/yr vs 0.10%/yr for VNRT.AS.
Performance
ICBU.L vs. VNRT.AS - Performance Comparison
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Different Trading Currencies
ICBU.L is traded in USD, while VNRT.AS is traded in EUR. To make them comparable, the VNRT.AS values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ICBU.L achieves a 0.45% return, which is significantly lower than VNRT.AS's 9.92% return.
ICBU.L
- 1D
- 0.20%
- 1M
- 0.20%
- YTD
- 0.45%
- 6M
- 0.86%
- 1Y
- 4.93%
- 3Y*
- 5.47%
- 5Y*
- 1.73%
- 10Y*
- —
VNRT.AS
- 1D
- 0.03%
- 1M
- 4.64%
- YTD
- 9.92%
- 6M
- 11.03%
- 1Y
- 27.55%
- 3Y*
- 22.34%
- 5Y*
- 13.28%
- 10Y*
- 15.01%
ICBU.L vs. VNRT.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICBU.L iShares USD Intermediate Credit Bond UCITS ETF | 0.45% | 7.60% | 4.08% | 6.74% | -9.04% | -1.35% | 6.50% | 9.92% | -0.45% | 1.36% |
VNRT.AS Vanguard FTSE North America UCITS ETF | 9.92% | 19.16% | 24.78% | 25.56% | -19.72% | 28.77% | 19.02% | 30.45% | -5.74% | 13.73% |
Correlation
The correlation between ICBU.L and VNRT.AS is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2017 | 0.11 |
The correlation between ICBU.L and VNRT.AS shifts across timeframes, from 0.11 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ICBU.L vs. VNRT.AS — Risk / Return Rank
ICBU.L
VNRT.AS
ICBU.L vs. VNRT.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Intermediate Credit Bond UCITS ETF (ICBU.L) and Vanguard FTSE North America UCITS ETF (VNRT.AS). 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.
| ICBU.L | VNRT.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.44 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 3.09 | -0.80 |
| Martin ratioReturn relative to average drawdown | 8.55 | 13.26 | -4.71 |
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
| ICBU.L | VNRT.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 2.40 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.82 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.44 | +0.17 |
Drawdowns
ICBU.L vs. VNRT.AS - Drawdown Comparison
The maximum ICBU.L drawdown since its inception was -13.92%, smaller than the maximum VNRT.AS drawdown of -34.82%. Use the drawdown chart below to compare losses from any high point for ICBU.L and VNRT.AS.
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Drawdown Indicators
| ICBU.L | VNRT.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.92% | -34.82% | +20.90% |
Max Drawdown (1Y)Largest decline over 1 year | -2.14% | -8.78% | +6.64% |
Max Drawdown (3Y)Largest decline over 3 years | -3.24% | -19.23% | +15.99% |
Max Drawdown (5Y)Largest decline over 5 years | -13.92% | -25.21% | +11.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.82% | — |
Current DrawdownCurrent decline from peak | -0.67% | -0.46% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -2.78% | -8.05% | +5.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 2.06% | -1.49% |
Volatility
ICBU.L vs. VNRT.AS - Volatility Comparison
The current volatility for iShares USD Intermediate Credit Bond UCITS ETF (ICBU.L) is 1.35%, while Vanguard FTSE North America UCITS ETF (VNRT.AS) has a volatility of 2.81%. This indicates that ICBU.L experiences smaller price fluctuations and is considered to be less risky than VNRT.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICBU.L | VNRT.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 2.81% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 2.46% | 7.97% | -5.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.03% | 11.33% | -8.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.31% | 15.93% | -11.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.42% | 17.58% | -13.16% |
ICBU.L vs. VNRT.AS - Expense Ratio Comparison
ICBU.L has a 0.15% expense ratio, which is higher than VNRT.AS's 0.10% 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
ICBU.L vs. VNRT.AS - Dividend Comparison
ICBU.L's dividend yield for the trailing twelve months is around 5.54%, more than VNRT.AS's 0.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICBU.L iShares USD Intermediate Credit Bond UCITS ETF | 5.54% | 4.21% | 3.78% | 2.77% | 1.93% | 1.93% | 2.78% | 2.93% | 2.65% | 0.44% | 0.00% | 0.00% |
VNRT.AS Vanguard FTSE North America UCITS ETF | 0.88% | 0.98% | 0.99% | 1.25% | 1.45% | 1.00% | 1.42% | 1.44% | 1.77% | 1.64% | 1.58% | 1.70% |
Frequently Asked Questions
ICBU.L and VNRT.AS have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VNRT.AS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VNRT.AS is cheaper with a 0.10% expense ratio, compared with 0.15% for ICBU.L.
ICBU.L is categorized as Corporate Bonds, while VNRT.AS is Large Cap Blend Equities. ICBU.L tracks Bloomberg US Corp Bond TR USD, while VNRT.AS tracks Russell 1000 TR USD. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.15% for ICBU.L and 0.10% for VNRT.AS.
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