SEUC.L vs. VECP.L
SEUC.L (SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF) and VECP.L (Vanguard EUR Corporate Bond UCITS ETF Distributing) are both European Corporate Bonds funds - SEUC.L tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR while VECP.L tracks the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 10 years, SEUC.L returned 0.86%/yr vs 1.44%/yr for VECP.L. At a 0.43 correlation, their price movements are largely independent. SEUC.L charges 0.20%/yr vs 0.09%/yr for VECP.L.
Performance
SEUC.L vs. VECP.L - Performance Comparison
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Different Trading Currencies
SEUC.L is traded in EUR, while VECP.L is traded in GBP. To make them comparable, the VECP.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SEUC.L achieves a 0.55% return, which is significantly higher than VECP.L's 0.41% return. Over the past 10 years, SEUC.L has underperformed VECP.L with an annualized return of 0.86%, while VECP.L has yielded a comparatively higher 1.44% annualized return.
SEUC.L
- 1D
- 0.05%
- 1M
- 0.35%
- YTD
- 0.55%
- 6M
- 0.70%
- 1Y
- 1.91%
- 3Y*
- 3.72%
- 5Y*
- 1.59%
- 10Y*
- 0.86%
VECP.L
- 1D
- 0.18%
- 1M
- 0.83%
- YTD
- 0.41%
- 6M
- 0.52%
- 1Y
- 1.94%
- 3Y*
- 4.81%
- 5Y*
- 0.60%
- 10Y*
- 1.44%
SEUC.L vs. VECP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SEUC.L SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF | 0.55% | 3.03% | 4.21% | 4.17% | -3.54% | -0.27% | 0.22% | 0.79% | -0.53% | 0.06% |
VECP.L Vanguard EUR Corporate Bond UCITS ETF Distributing | 0.41% | 2.81% | 5.00% | 8.40% | -12.28% | -1.21% | 2.89% | 7.36% | -1.31% | 2.01% |
Correlation
The correlation between SEUC.L and VECP.L is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2016 | 0.43 |
The correlation between SEUC.L and VECP.L shifts across timeframes, from 0.43 (all time) to 0.61 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SEUC.L vs. VECP.L — Risk / Return Rank
SEUC.L
VECP.L
SEUC.L vs. VECP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SEUC.L) and Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.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.
| SEUC.L | VECP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.10 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 0.67 | +1.62 |
| Martin ratioReturn relative to average drawdown | 9.27 | 2.29 | +6.97 |
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
| SEUC.L | VECP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 0.54 | +1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.18 | 0.11 | +1.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.25 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.28 | +0.18 |
Drawdowns
SEUC.L vs. VECP.L - Drawdown Comparison
The maximum SEUC.L drawdown since its inception was -7.82%, smaller than the maximum VECP.L drawdown of -17.11%. Use the drawdown chart below to compare losses from any high point for SEUC.L and VECP.L.
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Drawdown Indicators
| SEUC.L | VECP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.82% | -17.11% | +9.29% |
Max Drawdown (1Y)Largest decline over 1 year | -0.83% | -2.91% | +2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -0.83% | -2.91% | +2.08% |
Max Drawdown (5Y)Largest decline over 5 years | -4.90% | -17.11% | +12.21% |
Max Drawdown (10Y)Largest decline over 10 years | -7.82% | -17.11% | +9.29% |
Current DrawdownCurrent decline from peak | -0.10% | -0.73% | +0.63% |
Average DrawdownAverage peak-to-trough decline | -0.65% | -3.50% | +2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 0.84% | -0.63% |
Volatility
SEUC.L vs. VECP.L - Volatility Comparison
The current volatility for SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SEUC.L) is 0.36%, while Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.L) has a volatility of 1.23%. This indicates that SEUC.L experiences smaller price fluctuations and is considered to be less risky than VECP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEUC.L | VECP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 1.23% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 0.95% | 2.97% | -2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.08% | 3.58% | -2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.35% | 5.29% | -3.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.15% | 5.67% | -3.52% |
SEUC.L vs. VECP.L - Expense Ratio Comparison
SEUC.L has a 0.20% expense ratio, which is higher than VECP.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
SEUC.L vs. VECP.L - Dividend Comparison
SEUC.L's dividend yield for the trailing twelve months is around 2.96%, less than VECP.L's 3.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SEUC.L SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF | 2.96% | 3.05% | 2.59% | 1.27% | 0.19% | 0.30% | 0.23% | 0.17% | 0.11% | 0.28% | 0.50% | 0.72% |
VECP.L Vanguard EUR Corporate Bond UCITS ETF Distributing | 3.42% | 3.37% | 4.05% | 3.45% | 2.12% | 0.94% | 0.99% | 0.93% | 1.10% | 1.23% | 1.04% | 0.00% |
Frequently Asked Questions
SEUC.L and VECP.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VECP.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VECP.L is cheaper with a 0.09% expense ratio, compared with 0.20% for SEUC.L.
SEUC.L tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR, while VECP.L tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.20% for SEUC.L and 0.09% for VECP.L.
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