IEBC.L vs. VECA.L
IEBC.L (iShares Core Euro Corporate Bond UCITS ETF (Dist)) and VECA.L (Vanguard EUR Corporate Bond UCITS ETF Accumulating) are both European Corporate Bonds funds tracking the Bloomberg Euro Corp TR EUR, from iShares and Vanguard respectively. Both are passively managed. Over the past 5 years, IEBC.L returned 0.63%/yr vs 0.22%/yr for VECA.L. With a 0.97 correlation, they move nearly in lockstep. IEBC.L charges 0.20%/yr vs 0.09%/yr for VECA.L.
Performance
IEBC.L vs. VECA.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IEBC.L achieves a -0.13% return, which is significantly higher than VECA.L's -0.43% return.
IEBC.L
- 1D
- 0.26%
- 1M
- 1.06%
- YTD
- -0.13%
- 6M
- -0.18%
- 1Y
- 5.35%
- 3Y*
- 5.31%
- 5Y*
- 0.63%
- 10Y*
- 2.30%
VECA.L
- 1D
- 0.26%
- 1M
- 1.04%
- YTD
- -0.43%
- 6M
- -0.45%
- 1Y
- 4.67%
- 3Y*
- 4.66%
- 5Y*
- 0.22%
- 10Y*
- —
IEBC.L vs. VECA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IEBC.L iShares Core Euro Corporate Bond UCITS ETF (Dist) | -0.13% | 9.43% | -0.07% | 5.85% | -8.39% | -7.87% | 8.96% | 2.28% |
VECA.L Vanguard EUR Corporate Bond UCITS ETF Accumulating | -0.43% | 8.38% | -0.39% | 5.47% | -8.55% | -7.48% | 8.32% | 2.29% |
Correlation
The correlation between IEBC.L and VECA.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.97 |
The correlation between IEBC.L and VECA.L has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IEBC.L vs. VECA.L — Risk / Return Rank
IEBC.L
VECA.L
IEBC.L vs. VECA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Euro Corporate Bond UCITS ETF (Dist) (IEBC.L) and Vanguard EUR Corporate Bond UCITS ETF Accumulating (VECA.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.
| IEBC.L | VECA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.17 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.20 | +0.16 |
| Martin ratioReturn relative to average drawdown | 3.53 | 3.07 | +0.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IEBC.L | VECA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 0.98 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.04 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.12 | +0.32 |
Drawdowns
IEBC.L vs. VECA.L - Drawdown Comparison
The maximum IEBC.L drawdown since its inception was -21.31%, roughly equal to the maximum VECA.L drawdown of -21.36%. Use the drawdown chart below to compare losses from any high point for IEBC.L and VECA.L.
Loading charts...
Drawdown Indicators
| IEBC.L | VECA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.31% | -21.36% | +0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -3.92% | -3.89% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -3.92% | -3.89% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -16.80% | -16.71% | -0.09% |
Max Drawdown (10Y)Largest decline over 10 years | -21.31% | — | — |
Current DrawdownCurrent decline from peak | -3.97% | -6.05% | +2.08% |
Average DrawdownAverage peak-to-trough decline | -6.66% | -10.13% | +3.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 1.52% | -0.01% |
Volatility
IEBC.L vs. VECA.L - Volatility Comparison
The current volatility for iShares Core Euro Corporate Bond UCITS ETF (Dist) (IEBC.L) is 1.37%, while Vanguard EUR Corporate Bond UCITS ETF Accumulating (VECA.L) has a volatility of 1.48%. This indicates that IEBC.L experiences smaller price fluctuations and is considered to be less risky than VECA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IEBC.L | VECA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 1.48% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 3.62% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.73% | 4.76% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 6.16% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 6.93% | +0.72% |
IEBC.L vs. VECA.L - Expense Ratio Comparison
IEBC.L has a 0.20% expense ratio, which is higher than VECA.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
IEBC.L vs. VECA.L - Dividend Comparison
IEBC.L's dividend yield for the trailing twelve months is around 3.85%, while VECA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEBC.L iShares Core Euro Corporate Bond UCITS ETF (Dist) | 3.85% | 3.76% | 4.10% | 2.89% | 0.94% | 0.97% | 0.93% | 1.30% | 1.09% | 1.72% | 1.94% | 1.22% |
VECA.L Vanguard EUR Corporate Bond UCITS ETF Accumulating | 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
With a correlation of 0.98, IEBC.L and VECA.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VECA.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VECA.L is cheaper with a 0.09% expense ratio, compared with 0.20% for IEBC.L.
Both ETFs track Bloomberg Euro Corp TR EUR. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for IEBC.L and 0.09% for VECA.L.
Find the right allocation for IEBC.L and VECA.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer