IS15.L vs. VECA.L
IS15.L (iShares GBP Corporate Bond 0-5yr UCITS ETF) and VECA.L (Vanguard EUR Corporate Bond UCITS ETF Accumulating) are both European Corporate Bonds funds - IS15.L tracks the Markit iBoxx GBP NonGilts 1-5 TR while VECA.L tracks the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 5 years, IS15.L returned 2.34%/yr vs 0.16%/yr for VECA.L. At a 0.35 correlation, their price movements are largely independent. IS15.L charges 0.20%/yr vs 0.09%/yr for VECA.L.
Performance
IS15.L vs. VECA.L - Performance Comparison
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Returns By Period
In the year-to-date period, IS15.L achieves a 0.68% return, which is significantly higher than VECA.L's -0.73% return.
IS15.L
- 1D
- -0.04%
- 1M
- 0.65%
- YTD
- 0.68%
- 6M
- 1.18%
- 1Y
- 4.47%
- 3Y*
- 6.18%
- 5Y*
- 2.34%
- 10Y*
- 2.28%
VECA.L
- 1D
- -0.30%
- 1M
- 0.09%
- YTD
- -0.73%
- 6M
- -0.69%
- 1Y
- 4.65%
- 3Y*
- 4.56%
- 5Y*
- 0.16%
- 10Y*
- —
IS15.L vs. VECA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IS15.L iShares GBP Corporate Bond 0-5yr UCITS ETF | 0.68% | 6.24% | 4.89% | 7.16% | -6.09% | -0.84% | 3.38% | 3.48% |
VECA.L Vanguard EUR Corporate Bond UCITS ETF Accumulating | -0.73% | 8.38% | -0.40% | 5.48% | -8.55% | -7.48% | 8.32% | -10.97% |
Correlation
The correlation between IS15.L and VECA.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.35 |
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Return for Risk
IS15.L vs. VECA.L — Risk / Return Rank
IS15.L
VECA.L
IS15.L vs. VECA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares GBP Corporate Bond 0-5yr UCITS ETF (IS15.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.
| IS15.L | VECA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.17 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 1.19 | +1.11 |
| Martin ratioReturn relative to average drawdown | 8.85 | 3.04 | +5.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IS15.L | VECA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 0.97 | +0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.03 | +0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | -0.13 | +1.14 |
Drawdowns
IS15.L vs. VECA.L - Drawdown Comparison
The maximum IS15.L drawdown since its inception was -12.18%, smaller than the maximum VECA.L drawdown of -22.59%. Use the drawdown chart below to compare losses from any high point for IS15.L and VECA.L.
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Drawdown Indicators
| IS15.L | VECA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.18% | -22.59% | +10.41% |
Max Drawdown (1Y)Largest decline over 1 year | -1.94% | -3.90% | +1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -1.94% | -3.90% | +1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -12.18% | -16.71% | +4.53% |
Max Drawdown (10Y)Largest decline over 10 years | -12.18% | — | — |
Current DrawdownCurrent decline from peak | -0.22% | -7.79% | +7.57% |
Average DrawdownAverage peak-to-trough decline | -1.12% | -12.04% | +10.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 1.53% | -1.03% |
Volatility
IS15.L vs. VECA.L - Volatility Comparison
The current volatility for iShares GBP Corporate Bond 0-5yr UCITS ETF (IS15.L) is 0.98%, while Vanguard EUR Corporate Bond UCITS ETF Accumulating (VECA.L) has a volatility of 1.38%. This indicates that IS15.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.
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Volatility by Period
| IS15.L | VECA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 1.38% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 2.33% | 3.64% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.58% | 4.79% | -2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.30% | 6.17% | -2.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.13% | 8.41% | -5.28% |
IS15.L vs. VECA.L - Expense Ratio Comparison
IS15.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
IS15.L vs. VECA.L - Dividend Comparison
IS15.L's dividend yield for the trailing twelve months is around 4.54%, while VECA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS15.L iShares GBP Corporate Bond 0-5yr UCITS ETF | 4.54% | 4.35% | 4.06% | 3.05% | 1.80% | 1.72% | 1.81% | 2.03% | 2.08% | 2.15% | 2.55% | 2.91% |
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
IS15.L and VECA.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 IS15.L.
IS15.L tracks Markit iBoxx GBP NonGilts 1-5 TR, while VECA.L tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for IS15.L and 0.09% for VECA.L.
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