IEAH.L vs. VECP.L
IEAH.L (iShares Core € Corp Bond UCITS ETF GBP Hedged (Dist)) and VECP.L (Vanguard EUR Corporate Bond UCITS ETF Distributing) are both European Corporate Bonds funds - IEAH.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 5 years, IEAH.L returned 0.93%/yr vs -0.26%/yr for VECP.L. At a 0.38 correlation, their price movements are largely independent. IEAH.L charges 0.11%/yr vs 0.09%/yr for VECP.L.
Performance
IEAH.L vs. VECP.L - Performance Comparison
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Returns By Period
In the year-to-date period, IEAH.L achieves a -0.38% return, which is significantly higher than VECP.L's -2.36% return.
IEAH.L
- 1D
- 0.00%
- 1M
- -0.38%
- 6M
- 0.80%
- YTD
- -0.38%
- 1Y
- 1.40%
- 3Y*
- 5.29%
- 5Y*
- 0.93%
- 10Y*
- —
VECP.L
- 1D
- 0.32%
- 1M
- -2.31%
- 6M
- -1.87%
- YTD
- -2.36%
- 1Y
- -0.51%
- 3Y*
- 3.85%
- 5Y*
- -0.26%
- 10Y*
- 0.95%
IEAH.L vs. VECP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IEAH.L iShares Core € Corp Bond UCITS ETF GBP Hedged (Dist) | -0.38% | 5.19% | 5.53% | 8.98% | -12.43% | -0.56% | 2.89% | 7.56% | 0.31% |
VECP.L Vanguard EUR Corporate Bond UCITS ETF Distributing | -2.36% | 8.48% | -0.44% | 5.44% | -8.54% | -7.52% | 8.36% | 0.80% | 1.62% |
Correlation
The correlation between IEAH.L and VECP.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2018 | 0.38 |
The correlation between IEAH.L and VECP.L shifts across timeframes, from 0.38 (all time) to 0.48 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IEAH.L vs. VECP.L — Risk / Return Rank
IEAH.L
VECP.L
IEAH.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 GBP Hedged (Dist) (IEAH.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.
| IEAH.L | VECP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.99 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | -0.12 | +0.57 |
| Martin ratioReturn relative to average drawdown | 1.40 | -0.29 | +1.69 |
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Drawdowns
IEAH.L vs. VECP.L - Drawdown Comparison
The maximum IEAH.L drawdown since its inception was -16.50%, smaller than the maximum VECP.L drawdown of -21.45%. Use the drawdown chart below to compare losses from any high point for IEAH.L and VECP.L.
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Drawdown Indicators
| IEAH.L | VECP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.50% | -21.45% | +4.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -4.22% | +1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -3.10% | -4.22% | +1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -16.50% | -16.78% | +0.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.45% | — |
Current DrawdownCurrent decline from peak | -0.77% | -7.84% | +7.07% |
Average DrawdownAverage peak-to-trough decline | -3.60% | -8.43% | +4.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 1.77% | -0.77% |
Volatility
IEAH.L vs. VECP.L - Volatility Comparison
The current volatility for iShares Core € Corp Bond UCITS ETF GBP Hedged (Dist) (IEAH.L) is 0.74%, while Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.L) has a volatility of 1.23%. This indicates that IEAH.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
| IEAH.L | VECP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 1.23% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 3.73% | -0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.65% | 4.67% | -1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.69% | 6.18% | -1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.02% | 7.18% | -2.16% |
IEAH.L vs. VECP.L - Expense Ratio Comparison
IEAH.L has a 0.11% expense ratio, which is higher than VECP.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
IEAH.L vs. VECP.L - Dividend Comparison
IEAH.L's dividend yield for the trailing twelve months is around 1.60%, less than VECP.L's 3.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IEAH.L iShares Core € Corp Bond UCITS ETF GBP Hedged (Dist) | 1.60% | 3.23% | 3.27% | 2.42% | 0.77% | 0.75% | 0.78% | 1.04% | 0.31% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
IEAH.L and VECP.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VECP.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VECP.L is cheaper with a 0.09% expense ratio, compared with 0.11% for IEAH.L.
IEAH.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. Their fees differ too: 0.11% for IEAH.L and 0.09% for VECP.L.
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