IE00BFPM9N11.EUFUND vs. VGCAX

Last updated Jun 5, 2026

IE00BFPM9N11.EUFUND (Vanguard Global Stock Index Fund Institutional Plus EUR Acc) and VGCAX (Vanguard Global Credit Bond Fund Admiral Shares) are both mutual funds - IE00BFPM9N11.EUFUND is a Global Equities fund managed by Vanguard, while VGCAX is a Total Bond Market fund managed by Vanguard. Over the past 5 years, IE00BFPM9N11.EUFUND returned 12.74%/yr vs 2.25%/yr for VGCAX. At a 0.13 correlation, their price movements are largely independent. IE00BFPM9N11.EUFUND charges 0.11%/yr vs 0.25%/yr for VGCAX.

Performance

IE00BFPM9N11.EUFUND vs. VGCAX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard Global Stock Index Fund Institutional Plus EUR Acc (IE00BFPM9N11.EUFUND) and Vanguard Global Credit Bond Fund Admiral Shares (VGCAX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IE00BFPM9N11.EUFUND is traded in EUR, while VGCAX is traded in USD. To make them comparable, the VGCAX values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, IE00BFPM9N11.EUFUND achieves a 11.37% return, which is significantly higher than VGCAX's 2.58% return.

IE00BFPM9N11.EUFUND

• 1D: -0.37%
• 1M: 2.41%
• YTD: 11.37%
• 6M: 11.93%
• 1Y: 24.04%
• 3Y*: 17.53%
• 5Y*: 12.74%
• 10Y*: 12.73%

VGCAX

• 1D: 0.15%
• 1M: 1.49%
• YTD: 2.58%
• 6M: 2.98%
• 1Y: 5.26%
• 3Y*: 3.70%
• 5Y*: 2.25%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IE00BFPM9N11.EUFUND vs. VGCAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IE00BFPM9N11.EUFUND Vanguard Global Stock Index Fund Institutional Plus EUR Acc	11.37%	6.73%	26.59%	19.63%	-12.79%	31.07%	6.32%	30.03%	-7.39%
VGCAX Vanguard Global Credit Bond Fund Admiral Shares	2.58%	-5.43%	10.85%	5.95%	-8.07%	6.79%	1.67%	15.60%	-0.22%

Correlation

The correlation between IE00BFPM9N11.EUFUND and VGCAX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (All Time) Calculated using the full available price history since Nov 15, 2018	0.13

The correlation between IE00BFPM9N11.EUFUND and VGCAX shifts across timeframes, from 0.13 (all time) to 0.27 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

IE00BFPM9N11.EUFUND vs. VGCAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IE00BFPM9N11.EUFUND

IE00BFPM9N11.EUFUND Risk / Return Rank: 66
IE00BFPM9N11.EUFUND Sharpe Ratio Rank: 61
IE00BFPM9N11.EUFUND Sortino Ratio Rank: 53
IE00BFPM9N11.EUFUND Omega Ratio Rank: 60
IE00BFPM9N11.EUFUND Calmar Ratio Rank: 78
IE00BFPM9N11.EUFUND Martin Ratio Rank: 80

VGCAX

VGCAX Risk / Return Rank: 45
VGCAX Sharpe Ratio Rank: 50
VGCAX Sortino Ratio Rank: 54
VGCAX Omega Ratio Rank: 48
VGCAX Calmar Ratio Rank: 37
VGCAX Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IE00BFPM9N11.EUFUND vs. VGCAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Stock Index Fund Institutional Plus EUR Acc (IE00BFPM9N11.EUFUND) and Vanguard Global Credit Bond Fund Admiral Shares (VGCAX). 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.

	IE00BFPM9N11.EUFUND	VGCAX	Difference
Sharpe ratio: Return per unit of total volatility	2.29	0.80	+1.49
Sortino ratio: Return per unit of downside risk	3.04	1.18	+1.87
Omega ratio: Gain probability vs. loss probability	1.43	1.15	+0.28
Calmar ratio: Return relative to maximum drawdown	3.51	1.21	+2.29
Martin ratio: Return relative to average drawdown	14.67	3.62	+11.05

IE00BFPM9N11.EUFUND vs. VGCAX - Sharpe Ratio Comparison

The current IE00BFPM9N11.EUFUND Sharpe Ratio is 2.29, which is higher than the VGCAX Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of IE00BFPM9N11.EUFUND and VGCAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IE00BFPM9N11.EUFUND vs. VGCAX - Drawdown Comparison

The maximum IE00BFPM9N11.EUFUND drawdown since its inception was -33.75%, which is greater than VGCAX's maximum drawdown of -11.32%. Use the drawdown chart below to compare losses from any high point for IE00BFPM9N11.EUFUND and VGCAX.

Drawdown Indicators

	IE00BFPM9N11.EUFUND	VGCAX	Difference
Max Drawdown Largest peak-to-trough decline	-33.75%	-11.32%	-22.43%
Max Drawdown (1Y) Largest decline over 1 year	-6.59%	-3.82%	-2.77%
Max Drawdown (3Y) Largest decline over 3 years	-20.29%	-11.32%	-8.97%
Max Drawdown (5Y) Largest decline over 5 years	-20.29%	-11.32%	-8.97%
Max Drawdown (10Y) Largest decline over 10 years	-33.75%	—	—
Current Drawdown Current decline from peak	-0.37%	-4.99%	+4.62%
Average Drawdown Average peak-to-trough decline	-4.35%	-4.00%	-0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.57%	1.28%	+0.29%

Volatility

IE00BFPM9N11.EUFUND vs. VGCAX - Volatility Comparison

Vanguard Global Stock Index Fund Institutional Plus EUR Acc (IE00BFPM9N11.EUFUND) has a higher volatility of 2.24% compared to Vanguard Global Credit Bond Fund Admiral Shares (VGCAX) at 0.94%. This indicates that IE00BFPM9N11.EUFUND's price experiences larger fluctuations and is considered to be riskier than VGCAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IE00BFPM9N11.EUFUND	VGCAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.24%	0.94%	+1.30%
Volatility (6M) Calculated over the trailing 6-month period	7.43%	4.21%	+3.22%
Volatility (1Y) Calculated over the trailing 1-year period	10.12%	5.81%	+4.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.92%	7.91%	+6.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.12%	7.64%	+7.48%

IE00BFPM9N11.EUFUND vs. VGCAX - Expense Ratio Comparison

IE00BFPM9N11.EUFUND has a 0.11% expense ratio, which is lower than VGCAX's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IE00BFPM9N11.EUFUND vs. VGCAX - Dividend Comparison

IE00BFPM9N11.EUFUND has not paid dividends to shareholders, while VGCAX's dividend yield for the trailing twelve months is around 4.95%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IE00BFPM9N11.EUFUND Vanguard Global Stock Index Fund Institutional Plus EUR Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VGCAX Vanguard Global Credit Bond Fund Admiral Shares	4.95%	4.91%	4.65%	4.48%	2.72%	3.16%	4.65%	6.88%	0.36%

Frequently Asked Questions

Can I hold both IE00BFPM9N11.EUFUND and VGCAX in my portfolio?

IE00BFPM9N11.EUFUND and VGCAX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.