IEAC.L vs. VECP.L
IEAC.L (iShares Core € Corp Bond UCITS ETF EUR (Dist)) and VECP.L (Vanguard EUR Corporate Bond UCITS ETF Distributing) are both European Corporate Bonds funds - IEAC.L tracks the BBG Euro Corporate Index (EUR) while VECP.L tracks the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 10 years, IEAC.L returned 0.64%/yr vs 0.83%/yr for VECP.L. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.09% expense ratio.
Performance
IEAC.L vs. VECP.L - Performance Comparison
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Different Trading Currencies
IEAC.L is traded in EUR, while VECP.L is traded in GBP. To make them comparable, the VECP.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IEAC.L achieves a -1.30% return, which is significantly lower than VECP.L's 0.21% return. Over the past 10 years, IEAC.L has underperformed VECP.L with an annualized return of 0.64%, while VECP.L has yielded a comparatively higher 0.83% annualized return.
IEAC.L
- 1D
- 0.03%
- 1M
- -0.43%
- 6M
- 0.07%
- YTD
- -1.30%
- 1Y
- -0.34%
- 3Y*
- 3.69%
- 5Y*
- -0.44%
- 10Y*
- 0.64%
VECP.L
- 1D
- 0.14%
- 1M
- -0.59%
- 6M
- 0.04%
- YTD
- 0.21%
- 1Y
- 1.10%
- 3Y*
- 4.29%
- 5Y*
- -0.08%
- 10Y*
- 0.83%
IEAC.L vs. VECP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEAC.L iShares Core € Corp Bond UCITS ETF EUR (Dist) | -1.30% | 3.22% | 4.32% | 7.42% | -13.36% | -1.07% | 2.60% | 6.20% | -1.47% | 2.20% |
VECP.L Vanguard EUR Corporate Bond UCITS ETF Distributing | 0.21% | 2.82% | 4.37% | 7.67% | -13.25% | -1.50% | 2.47% | 7.21% | -1.43% | 1.85% |
Correlation
The correlation between IEAC.L and VECP.L is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016 | 0.58 |
The correlation between IEAC.L and VECP.L shifts across timeframes, from 0.58 (all time) to 0.76 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IEAC.L vs. VECP.L — Risk / Return Rank
IEAC.L
VECP.L
IEAC.L vs. VECP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core € Corp Bond UCITS ETF EUR (Dist) (IEAC.L) and Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.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.
| IEAC.L | VECP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.06 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 0.38 | -0.39 |
| Martin ratioReturn relative to average drawdown | -0.17 | 1.27 | -1.44 |
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Drawdowns
IEAC.L vs. VECP.L - Drawdown Comparison
The maximum IEAC.L drawdown since its inception was -24.28%, which is greater than VECP.L's maximum drawdown of -17.64%. Use the drawdown chart below to compare losses from any high point for IEAC.L and VECP.L.
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Drawdown Indicators
| IEAC.L | VECP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.28% | -17.64% | -6.64% |
Max Drawdown (1Y)Largest decline over 1 year | -23.42% | -2.89% | -20.53% |
Max Drawdown (3Y)Largest decline over 3 years | -23.42% | -2.89% | -20.53% |
Max Drawdown (5Y)Largest decline over 5 years | -24.28% | -17.64% | -6.64% |
Max Drawdown (10Y)Largest decline over 10 years | -24.28% | -17.64% | -6.64% |
Current DrawdownCurrent decline from peak | -2.79% | -1.29% | -1.50% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -4.08% | +1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 0.86% | +1.16% |
Volatility
IEAC.L vs. VECP.L - Volatility Comparison
The current volatility for iShares Core € Corp Bond UCITS ETF EUR (Dist) (IEAC.L) is 0.86%, while Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.L) has a volatility of 0.97%. This indicates that IEAC.L experiences smaller price fluctuations and is considered to be less risky than VECP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEAC.L | VECP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 0.97% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 36.11% | 3.05% | +33.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.42% | 3.54% | +32.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.86% | 5.30% | +11.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.32% | 5.65% | +6.67% |
IEAC.L vs. VECP.L - Expense Ratio Comparison
Both IEAC.L and VECP.L have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IEAC.L vs. VECP.L - Dividend Comparison
IEAC.L's dividend yield for the trailing twelve months is around 1.65%, less than VECP.L's 3.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEAC.L iShares Core € Corp Bond UCITS ETF EUR (Dist) | 1.65% | 3.29% | 3.39% | 2.51% | 0.84% | 0.81% | 0.84% | 1.10% | 0.98% | 1.52% | 1.66% | 0.90% |
VECP.L Vanguard EUR Corporate Bond UCITS ETF Distributing | 3.44% | 3.37% | 3.44% | 2.80% | 1.00% | 0.62% | 0.59% | 0.81% | 0.96% | 1.07% | 0.85% | 0.00% |
Frequently Asked Questions
IEAC.L and VECP.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IEAC.L and VECP.L have the same expense ratio: 0.09% per year.
IEAC.L tracks BBG Euro Corporate Index (EUR), while VECP.L tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: iShares and Vanguard.
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