SLXX.L vs. VDPA.L
SLXX.L (iShares Core £ Corp Bond UCITS ETF) and VDPA.L (Vanguard USD Corporate Bond UCITS ETF USD Accumulation) are both Corporate Bonds funds - SLXX.L tracks the Markit iBoxx GBP Liquid Corporates Large Cap Index while VDPA.L tracks the Bloomberg Global Aggregate Corporate - United States Dollar Index. Both are passively managed. Over the past 5 years, SLXX.L returned -0.77%/yr vs 1.82%/yr for VDPA.L. At a 0.34 correlation, their price movements are largely independent. SLXX.L charges 0.20%/yr vs 0.07%/yr for VDPA.L.
Performance
SLXX.L vs. VDPA.L - Performance Comparison
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Different Trading Currencies
SLXX.L is traded in GBP, while VDPA.L is traded in USD. To make them comparable, the VDPA.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SLXX.L achieves a -0.09% return, which is significantly lower than VDPA.L's 0.82% return.
SLXX.L
- 1D
- 0.21%
- 1M
- 2.07%
- YTD
- -0.09%
- 6M
- 0.15%
- 1Y
- 4.74%
- 3Y*
- 5.83%
- 5Y*
- -0.77%
- 10Y*
- 1.80%
VDPA.L
- 1D
- 0.31%
- 1M
- 1.44%
- YTD
- 0.82%
- 6M
- 0.11%
- 1Y
- 6.67%
- 3Y*
- 2.82%
- 5Y*
- 1.82%
- 10Y*
- —
SLXX.L vs. VDPA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SLXX.L iShares Core £ Corp Bond UCITS ETF | -0.09% | 6.50% | 1.60% | 8.54% | -18.36% | -4.01% | 9.03% | 8.31% |
VDPA.L Vanguard USD Corporate Bond UCITS ETF USD Accumulation | 0.82% | 0.10% | 4.62% | 2.65% | -4.76% | -0.27% | 5.94% | 9.90% |
Correlation
The correlation between SLXX.L and VDPA.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.34 |
Over the past year, the correlation between SLXX.L and VDPA.L has dropped to 0.14 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.
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Return for Risk
SLXX.L vs. VDPA.L — Risk / Return Rank
SLXX.L
VDPA.L
SLXX.L vs. VDPA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core £ Corp Bond UCITS ETF (SLXX.L) and Vanguard USD Corporate Bond UCITS ETF USD Accumulation (VDPA.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.
| SLXX.L | VDPA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.17 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.28 | -0.16 |
| Martin ratioReturn relative to average drawdown | 3.47 | 3.26 | +0.20 |
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
| SLXX.L | VDPA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 0.96 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | 0.20 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.24 | +0.20 |
Drawdowns
SLXX.L vs. VDPA.L - Drawdown Comparison
The maximum SLXX.L drawdown since its inception was -30.27%, which is greater than VDPA.L's maximum drawdown of -14.91%. Use the drawdown chart below to compare losses from any high point for SLXX.L and VDPA.L.
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Drawdown Indicators
| SLXX.L | VDPA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.27% | -14.91% | -15.36% |
Max Drawdown (1Y)Largest decline over 1 year | -4.25% | -5.21% | +0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -4.25% | -9.13% | +4.88% |
Max Drawdown (5Y)Largest decline over 5 years | -29.34% | -13.60% | -15.74% |
Max Drawdown (10Y)Largest decline over 10 years | -30.27% | — | — |
Current DrawdownCurrent decline from peak | -8.12% | -3.15% | -4.97% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -6.69% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 2.04% | -0.67% |
Volatility
SLXX.L vs. VDPA.L - Volatility Comparison
iShares Core £ Corp Bond UCITS ETF (SLXX.L) has a higher volatility of 2.11% compared to Vanguard USD Corporate Bond UCITS ETF USD Accumulation (VDPA.L) at 1.94%. This indicates that SLXX.L's price experiences larger fluctuations and is considered to be riskier than VDPA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLXX.L | VDPA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.11% | 1.94% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 4.81% | 5.54% | -0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.59% | 6.94% | -1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.06% | 9.16% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.08% | 10.60% | -2.52% |
SLXX.L vs. VDPA.L - Expense Ratio Comparison
SLXX.L has a 0.20% expense ratio, which is higher than VDPA.L's 0.07% 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
SLXX.L vs. VDPA.L - Dividend Comparison
SLXX.L's dividend yield for the trailing twelve months is around 4.93%, while VDPA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLXX.L iShares Core £ Corp Bond UCITS ETF | 4.93% | 4.82% | 4.68% | 4.06% | 2.75% | 2.06% | 2.12% | 2.44% | 2.71% | 2.73% | 2.99% | 3.39% |
VDPA.L Vanguard USD Corporate Bond UCITS ETF USD Accumulation | 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
SLXX.L and VDPA.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VDPA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDPA.L is cheaper with a 0.07% expense ratio, compared with 0.20% for SLXX.L.
SLXX.L tracks Markit iBoxx GBP Liquid Corporates Large Cap Index, while VDPA.L tracks Bloomberg Global Aggregate Corporate - United States Dollar Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for SLXX.L and 0.07% for VDPA.L.
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