IS15.L vs. VEUR.L
IS15.L (iShares GBP Corporate Bond 0-5yr UCITS ETF) and VEUR.L (Vanguard FTSE Developed Europe UCITS ETF Distributing) are both exchange-traded funds - IS15.L is a European Corporate Bonds fund tracking the Markit iBoxx GBP NonGilts 1-5 TR, while VEUR.L is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, IS15.L returned 2.24%/yr vs 9.83%/yr for VEUR.L. At a 0.15 correlation, their price movements are largely independent. IS15.L charges 0.20%/yr vs 0.10%/yr for VEUR.L.
Performance
IS15.L vs. VEUR.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IS15.L achieves a 1.00% return, which is significantly lower than VEUR.L's 7.95% return. Over the past 10 years, IS15.L has underperformed VEUR.L with an annualized return of 2.24%, while VEUR.L has yielded a comparatively higher 9.83% annualized return.
IS15.L
- 1D
- -0.05%
- 1M
- -0.08%
- 6M
- 0.70%
- YTD
- 1.00%
- 1Y
- 3.87%
- 3Y*
- 6.31%
- 5Y*
- 2.40%
- 10Y*
- 2.24%
VEUR.L
- 1D
- -0.59%
- 1M
- -0.23%
- 6M
- 5.13%
- YTD
- 7.95%
- 1Y
- 18.87%
- 3Y*
- 14.69%
- 5Y*
- 10.26%
- 10Y*
- 9.83%
IS15.L vs. VEUR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS15.L iShares GBP Corporate Bond 0-5yr UCITS ETF | 1.00% | 6.24% | 4.89% | 7.16% | -6.09% | -0.84% | 3.38% | 4.54% | -0.48% | 1.76% |
VEUR.L Vanguard FTSE Developed Europe UCITS ETF Distributing | 7.95% | 26.03% | 4.43% | 13.50% | -4.33% | 16.97% | 2.78% | 19.66% | -9.52% | 15.34% |
Correlation
The correlation between IS15.L and VEUR.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 21, 2013 | 0.15 |
Over the past year, IS15.L and VEUR.L have become more correlated (0.44) than their long-term average of 0.15, meaning their price movements have been converging.
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
IS15.L vs. VEUR.L — Risk / Return Rank
IS15.L
VEUR.L
IS15.L vs. VEUR.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 FTSE Developed Europe UCITS ETF Distributing (VEUR.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.
| IS15.L | VEUR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.29 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 1.77 | +0.21 |
| Martin ratioReturn relative to average drawdown | 7.57 | 6.30 | +1.27 |
Loading charts...
Drawdowns
IS15.L vs. VEUR.L - Drawdown Comparison
The maximum IS15.L drawdown since its inception was -12.18%, smaller than the maximum VEUR.L drawdown of -28.58%. Use the drawdown chart below to compare losses from any high point for IS15.L and VEUR.L.
Loading charts...
Drawdown Indicators
| IS15.L | VEUR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.18% | -28.58% | +16.40% |
Max Drawdown (1Y)Largest decline over 1 year | -1.94% | -10.60% | +8.66% |
Max Drawdown (3Y)Largest decline over 3 years | -1.94% | -12.70% | +10.76% |
Max Drawdown (5Y)Largest decline over 5 years | -12.18% | -16.38% | +4.20% |
Max Drawdown (10Y)Largest decline over 10 years | -12.18% | -28.58% | +16.40% |
Current DrawdownCurrent decline from peak | -0.44% | -2.45% | +2.01% |
Average DrawdownAverage peak-to-trough decline | -1.12% | -4.11% | +2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 2.99% | -2.48% |
Volatility
IS15.L vs. VEUR.L - Volatility Comparison
The current volatility for iShares GBP Corporate Bond 0-5yr UCITS ETF (IS15.L) is 0.80%, while Vanguard FTSE Developed Europe UCITS ETF Distributing (VEUR.L) has a volatility of 3.32%. This indicates that IS15.L experiences smaller price fluctuations and is considered to be less risky than VEUR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IS15.L | VEUR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 3.32% | -2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 2.44% | 10.55% | -8.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.68% | 12.23% | -9.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.32% | 13.79% | -10.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.13% | 14.85% | -11.72% |
IS15.L vs. VEUR.L - Expense Ratio Comparison
IS15.L has a 0.20% expense ratio, which is higher than VEUR.L's 0.10% 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. VEUR.L - Dividend Comparison
IS15.L's dividend yield for the trailing twelve months is around 4.52%, more than VEUR.L's 2.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS15.L iShares GBP Corporate Bond 0-5yr UCITS ETF | 4.52% | 4.35% | 4.06% | 3.05% | 1.80% | 1.72% | 1.81% | 2.03% | 2.08% | 2.15% | 2.55% | 2.91% |
VEUR.L Vanguard FTSE Developed Europe UCITS ETF Distributing | 2.66% | 2.75% | 3.10% | 2.96% | 3.19% | 2.71% | 2.26% | 3.37% | 3.56% | 3.01% | 3.01% | 3.06% |
Frequently Asked Questions
IS15.L and VEUR.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VEUR.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEUR.L is cheaper with a 0.10% expense ratio, compared with 0.20% for IS15.L.
IS15.L is categorized as European Corporate Bonds, while VEUR.L is Europe Equities. IS15.L tracks Markit iBoxx GBP NonGilts 1-5 TR, while VEUR.L tracks MSCI Europe NR EUR. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for IS15.L and 0.10% for VEUR.L.
Find the right allocation for IS15.L and VEUR.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