IEXA.DE vs. VECA.DE
IEXA.DE (iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc) and VECA.DE (Vanguard EUR Corporate Bond UCITS ETF Accumulating) are both European Corporate Bonds funds - IEXA.DE tracks the Bloomberg Euro Corporate ex-Financials Bond while VECA.DE tracks the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 3 years, IEXA.DE returned 4.16%/yr vs 4.74%/yr for VECA.DE. Their correlation of 0.88 suggests significant overlap in exposure. IEXA.DE charges 0.20%/yr vs 0.09%/yr for VECA.DE.
Performance
IEXA.DE vs. VECA.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IEXA.DE having a 1.30% return and VECA.DE slightly lower at 1.24%.
IEXA.DE
- 1D
- 0.00%
- 1M
- 0.74%
- YTD
- 1.30%
- 6M
- 1.48%
- 1Y
- 2.24%
- 3Y*
- 4.16%
- 5Y*
- —
- 10Y*
- —
VECA.DE
- 1D
- 0.09%
- 1M
- 0.67%
- YTD
- 1.24%
- 6M
- 1.39%
- 1Y
- 2.36%
- 3Y*
- 4.74%
- 5Y*
- 0.24%
- 10Y*
- —
IEXA.DE vs. VECA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IEXA.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc | 1.30% | 2.47% | 3.54% | 7.38% | -5.39% |
VECA.DE Vanguard EUR Corporate Bond UCITS ETF Accumulating | 1.24% | 2.98% | 4.39% | 7.54% | -5.48% |
Correlation
The correlation between IEXA.DE and VECA.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since May 27, 2022 | 0.88 |
The correlation between IEXA.DE and VECA.DE shifts across timeframes, from 0.77 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IEXA.DE vs. VECA.DE — Risk / Return Rank
IEXA.DE
VECA.DE
IEXA.DE vs. VECA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc (IEXA.DE) and Vanguard EUR Corporate Bond UCITS ETF Accumulating (VECA.DE). 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.
| IEXA.DE | VECA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.14 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 0.89 | -0.02 |
| Martin ratioReturn relative to average drawdown | 2.79 | 3.01 | -0.22 |
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Drawdowns
IEXA.DE vs. VECA.DE - Drawdown Comparison
The maximum IEXA.DE drawdown since its inception was -9.06%, smaller than the maximum VECA.DE drawdown of -17.20%. Use the drawdown chart below to compare losses from any high point for IEXA.DE and VECA.DE.
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Drawdown Indicators
| IEXA.DE | VECA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.06% | -17.20% | +8.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.56% | -2.64% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -2.56% | -2.64% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.20% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.28% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -2.24% | -5.10% | +2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 0.78% | +0.02% |
Volatility
IEXA.DE vs. VECA.DE - Volatility Comparison
iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc (IEXA.DE) and Vanguard EUR Corporate Bond UCITS ETF Accumulating (VECA.DE) have volatilities of 0.78% and 0.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEXA.DE | VECA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 0.81% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 2.82% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.26% | 3.21% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.77% | 4.48% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.77% | 4.70% | +0.07% |
IEXA.DE vs. VECA.DE - Expense Ratio Comparison
IEXA.DE has a 0.20% expense ratio, which is higher than VECA.DE'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
IEXA.DE vs. VECA.DE - Dividend Comparison
Neither IEXA.DE nor VECA.DE has paid dividends to shareholders.
Frequently Asked Questions
IEXA.DE and VECA.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VECA.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VECA.DE is cheaper with a 0.09% expense ratio, compared with 0.20% for IEXA.DE.
IEXA.DE tracks Bloomberg Euro Corporate ex-Financials Bond, while VECA.DE tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for IEXA.DE and 0.09% for VECA.DE.
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