IE15.L vs. VDCA.L
IE15.L (iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist)) and VDCA.L (Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD Accumulation) are both Short-Term Bond funds - IE15.L tracks the BBG Euro Corp 1-5 Yrs (EUR) while VDCA.L tracks the Bloomberg Global Aggregate Corporate - United States Dollar Index 1-3 Year. Both are passively managed. Over the past 5 years, IE15.L returned 0.68%/yr vs 3.36%/yr for VDCA.L. At a 0.01 correlation, their price movements are largely independent. IE15.L charges 0.20%/yr vs 0.09%/yr for VDCA.L.
Performance
IE15.L vs. VDCA.L - Performance Comparison
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Different Trading Currencies
IE15.L is traded in EUR, while VDCA.L is traded in USD. To make them comparable, the VDCA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IE15.L achieves a -1.15% return, which is significantly lower than VDCA.L's 4.05% return.
IE15.L
- 1D
- -0.04%
- 1M
- -0.18%
- 6M
- 0.17%
- YTD
- -1.15%
- 1Y
- -0.29%
- 3Y*
- 3.52%
- 5Y*
- 0.68%
- 10Y*
- 0.76%
VDCA.L
- 1D
- 0.15%
- 1M
- 0.83%
- 6M
- 2.75%
- YTD
- 4.05%
- 1Y
- 5.50%
- 3Y*
- 4.65%
- 5Y*
- 3.36%
- 10Y*
- —
IE15.L vs. VDCA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) | -1.15% | 3.42% | 4.34% | 5.77% | -7.79% | -0.34% | 1.06% | 1.85% |
VDCA.L Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD Accumulation | 4.05% | -6.70% | 12.52% | 2.23% | 2.16% | 7.25% | -4.98% | 5.74% |
Correlation
The correlation between IE15.L and VDCA.L is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2019 | 0.01 |
The correlation between IE15.L and VDCA.L shifts across timeframes, from -0.21 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IE15.L vs. VDCA.L — Risk / Return Rank
IE15.L
VDCA.L
IE15.L vs. VDCA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L) and Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD Accumulation (VDCA.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.
| IE15.L | VDCA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.16 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 1.50 | -1.60 |
| Martin ratioReturn relative to average drawdown | -0.25 | 4.14 | -4.39 |
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Drawdowns
IE15.L vs. VDCA.L - Drawdown Comparison
The maximum IE15.L drawdown since its inception was -10.14%, smaller than the maximum VDCA.L drawdown of -11.67%. Use the drawdown chart below to compare losses from any high point for IE15.L and VDCA.L.
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Drawdown Indicators
| IE15.L | VDCA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.14% | -11.67% | +1.53% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -3.66% | +0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -2.86% | -10.48% | +7.62% |
Max Drawdown (5Y)Largest decline over 5 years | -10.14% | -11.67% | +1.53% |
Max Drawdown (10Y)Largest decline over 10 years | -10.14% | — | — |
Current DrawdownCurrent decline from peak | -1.40% | -3.83% | +2.43% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -4.66% | +3.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 1.32% | -0.16% |
Volatility
IE15.L vs. VDCA.L - Volatility Comparison
The current volatility for iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L) is 0.58%, while Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD Accumulation (VDCA.L) has a volatility of 1.19%. This indicates that IE15.L experiences smaller price fluctuations and is considered to be less risky than VDCA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IE15.L | VDCA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 1.19% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 4.48% | -2.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.50% | 6.10% | -3.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.75% | 7.41% | -4.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.32% | 7.38% | -4.06% |
IE15.L vs. VDCA.L - Expense Ratio Comparison
IE15.L has a 0.20% expense ratio, which is higher than VDCA.L's 0.09% 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
IE15.L vs. VDCA.L - Dividend Comparison
IE15.L's dividend yield for the trailing twelve months is around 1.51%, while VDCA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) | 1.51% | 2.92% | 2.50% | 1.41% | 0.51% | 0.57% | 0.59% | 0.62% | 0.62% | 0.68% | 0.90% | 0.56% |
VDCA.L Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD Accumulation | 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
IE15.L and VDCA.L 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.
On fees, VDCA.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDCA.L is cheaper with a 0.09% expense ratio, compared with 0.20% for IE15.L.
IE15.L tracks BBG Euro Corp 1-5 Yrs (EUR), while VDCA.L tracks Bloomberg Global Aggregate Corporate - United States Dollar Index 1-3 Year. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for IE15.L and 0.09% for VDCA.L.
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