LCRP.L vs. VSCA.L

Last updated Jun 5, 2026

LCRP.L (SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF) and VSCA.L (Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating) are both Corporate Bonds funds - LCRP.L tracks the Bloomberg US Corp Bond TR USD while VSCA.L tracks the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 5 years, LCRP.L returned -0.92%/yr vs 3.66%/yr for VSCA.L. At a 0.49 correlation, their price movements are largely independent. LCRP.L charges 0.12%/yr vs 0.09%/yr for VSCA.L.

Performance

LCRP.L vs. VSCA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF (LCRP.L) and Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating (VSCA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LCRP.L

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: -1.82%
• 1Y: 6.35%
• 3Y*: 1.41%
• 5Y*: -0.92%
• 10Y*: 1.61%

VSCA.L

• 1D: 0.21%
• 1M: 1.13%
• YTD: 0.94%
• 6M: 0.58%
• 1Y: 5.25%
• 3Y*: 2.72%
• 5Y*: 3.66%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LCRP.L vs. VSCA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LCRP.L SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF	0.00%	-1.12%	0.56%	4.59%	-16.57%	-0.11%	10.05%	16.25%
VSCA.L Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating	0.94%	-1.28%	7.12%	-0.30%	7.72%	0.72%	0.35%	3.18%

Correlation

The correlation between LCRP.L and VSCA.L is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019	0.49

The correlation between LCRP.L and VSCA.L shifts across timeframes, from 0.30 (1 year) to 0.49 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LCRP.L vs. VSCA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LCRP.L

LCRP.L Risk / Return Rank: 31
LCRP.L Sharpe Ratio Rank: 32
LCRP.L Sortino Ratio Rank: 32
LCRP.L Omega Ratio Rank: 41
LCRP.L Calmar Ratio Rank: 30
LCRP.L Martin Ratio Rank: 19

VSCA.L

VSCA.L Risk / Return Rank: 24
VSCA.L Sharpe Ratio Rank: 24
VSCA.L Sortino Ratio Rank: 23
VSCA.L Omega Ratio Rank: 22
VSCA.L Calmar Ratio Rank: 25
VSCA.L Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LCRP.L vs. VSCA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF (LCRP.L) and Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating (VSCA.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.

	LCRP.L	VSCA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.14	0.82	+0.32
Sortino ratio: Return per unit of downside risk	1.68	1.24	+0.44
Omega ratio: Gain probability vs. loss probability	1.26	1.14	+0.12
Calmar ratio: Return relative to maximum drawdown	1.44	1.17	+0.27
Martin ratio: Return relative to average drawdown	2.05	3.07	-1.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LCRP.L vs. VSCA.L - Sharpe Ratio Comparison

The current LCRP.L Sharpe Ratio is 1.14, which is higher than the VSCA.L Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of LCRP.L and VSCA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LCRP.L	VSCA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.14	0.82	+0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.08	0.47	-0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.12	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.28	-0.07

Drawdowns

LCRP.L vs. VSCA.L - Drawdown Comparison

The maximum LCRP.L drawdown since its inception was -28.37%, which is greater than VSCA.L's maximum drawdown of -15.11%. Use the drawdown chart below to compare losses from any high point for LCRP.L and VSCA.L.

Drawdown Indicators

	LCRP.L	VSCA.L	Difference
Max Drawdown Largest peak-to-trough decline	-28.37%	-15.11%	-13.26%
Max Drawdown (1Y) Largest decline over 1 year	-4.77%	-4.25%	-0.52%
Max Drawdown (3Y) Largest decline over 3 years	-11.82%	-8.78%	-3.04%
Max Drawdown (5Y) Largest decline over 5 years	-26.17%	-15.11%	-11.06%
Max Drawdown (10Y) Largest decline over 10 years	-28.37%	—	—
Current Drawdown Current decline from peak	-18.73%	-3.61%	-15.12%
Average Drawdown Average peak-to-trough decline	-12.80%	-6.75%	-6.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	1.62%	+1.75%

Volatility

LCRP.L vs. VSCA.L - Volatility Comparison

The current volatility for SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF (LCRP.L) is 0.00%, while Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating (VSCA.L) has a volatility of 1.77%. This indicates that LCRP.L experiences smaller price fluctuations and is considered to be less risky than VSCA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCRP.L	VSCA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	1.77%	-1.77%
Volatility (6M) Calculated over the trailing 6-month period	2.04%	4.39%	-2.35%
Volatility (1Y) Calculated over the trailing 1-year period	6.08%	6.05%	+0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.04%	7.88%	+4.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.86%	8.99%	+3.87%

LCRP.L vs. VSCA.L - Expense Ratio Comparison

LCRP.L has a 0.12% expense ratio, which is higher than VSCA.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

LCRP.L vs. VSCA.L - Dividend Comparison

LCRP.L's dividend yield for the trailing twelve months is around 2.75%, while VSCA.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
LCRP.L SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF	2.75%	5.64%	5.14%	4.64%	4.37%	3.29%	3.49%
VSCA.L Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LCRP.L and VSCA.L in my portfolio?

LCRP.L and VSCA.L have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LCRP.L or VSCA.L?

On fees, VSCA.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LCRP.L or VSCA.L?

VSCA.L is cheaper with a 0.09% expense ratio, compared with 0.12% for LCRP.L.

What is the main difference between LCRP.L and VSCA.L?

LCRP.L tracks Bloomberg US Corp Bond TR USD, while VSCA.L tracks Bloomberg US Corp 1-3 Yr TR USD. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.12% for LCRP.L and 0.09% for VSCA.L.