UC81.L vs. VCPA.L
UC81.L (UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis) and VCPA.L (Vanguard USD Corporate Bond UCITS ETF Accumulating) are both Corporate Bonds funds - UC81.L tracks the Bloomberg US Corp 1-3 Yr TR USD while VCPA.L tracks the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, UC81.L returned 3.20%/yr vs -59.47%/yr for VCPA.L. A 0.75 correlation means they provide meaningful diversification when combined. UC81.L charges 0.18%/yr vs 0.09%/yr for VCPA.L.
Performance
UC81.L vs. VCPA.L - Performance Comparison
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Different Trading Currencies
UC81.L is traded in GBp, while VCPA.L is traded in GBP. To make them comparable, the VCPA.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, UC81.L achieves a 0.48% return, which is significantly lower than VCPA.L's 0.51% return.
UC81.L
- 1D
- 0.17%
- 1M
- 1.13%
- YTD
- 0.48%
- 6M
- 0.19%
- 1Y
- 5.34%
- 3Y*
- 2.64%
- 5Y*
- 3.20%
- 10Y*
- 3.31%
VCPA.L
- 1D
- 0.29%
- 1M
- 1.41%
- YTD
- 0.51%
- 6M
- 0.27%
- 1Y
- -98.93%
- 3Y*
- -77.87%
- 5Y*
- -59.47%
- 10Y*
- —
UC81.L vs. VCPA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
UC81.L UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis | 0.48% | -0.20% | 6.44% | 0.38% | 4.76% | 0.32% | 1.51% | 5.10% |
VCPA.L Vanguard USD Corporate Bond UCITS ETF Accumulating | 0.51% | -99.00% | 4.58% | 2.13% | -4.89% | -0.13% | 5.86% | 10.80% |
Correlation
The correlation between UC81.L and VCPA.L is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2019 | 0.75 |
The correlation between UC81.L and VCPA.L shifts across timeframes, from 0.75 (all time) to 0.87 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UC81.L vs. VCPA.L — Risk / Return Rank
UC81.L
VCPA.L
UC81.L vs. VCPA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis (UC81.L) and Vanguard USD Corporate Bond UCITS ETF Accumulating (VCPA.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.
| UC81.L | VCPA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.92 | ||
| Sortino ratioReturn per unit of downside risk | +2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.31 | +0.85 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | -1.00 | +2.24 |
| Martin ratioReturn relative to average drawdown | 3.19 | -1.21 | +4.40 |
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
| UC81.L | VCPA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | -1.00 | +1.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | -1.32 | +1.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | -1.24 | +1.67 |
Drawdowns
UC81.L vs. VCPA.L - Drawdown Comparison
The maximum UC81.L drawdown since its inception was -14.94%, smaller than the maximum VCPA.L drawdown of -99.06%. Use the drawdown chart below to compare losses from any high point for UC81.L and VCPA.L.
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Drawdown Indicators
| UC81.L | VCPA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.94% | -99.06% | +84.12% |
Max Drawdown (1Y)Largest decline over 1 year | -4.29% | -99.02% | +94.73% |
Max Drawdown (3Y)Largest decline over 3 years | -8.01% | -99.04% | +91.03% |
Max Drawdown (5Y)Largest decline over 5 years | -14.31% | -99.04% | +84.73% |
Max Drawdown (10Y)Largest decline over 10 years | -14.94% | — | — |
Current DrawdownCurrent decline from peak | -2.57% | -99.03% | +96.46% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -17.55% | +11.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 81.78% | -80.11% |
Volatility
UC81.L vs. VCPA.L - Volatility Comparison
UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis (UC81.L) and Vanguard USD Corporate Bond UCITS ETF Accumulating (VCPA.L) have volatilities of 1.51% and 1.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UC81.L | VCPA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.53% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 4.27% | 4.41% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 98.63% | -92.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.78% | 45.54% | -37.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.16% | 40.64% | -31.48% |
UC81.L vs. VCPA.L - Expense Ratio Comparison
UC81.L has a 0.18% expense ratio, which is higher than VCPA.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
UC81.L vs. VCPA.L - Dividend Comparison
UC81.L's dividend yield for the trailing twelve months is around 4.67%, while VCPA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UC81.L UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis | 4.67% | 5.59% | 4.77% | 3.28% | 1.36% | 1.58% | 2.75% | 2.90% | 2.20% | 2.16% | 1.86% | 0.84% |
VCPA.L Vanguard USD 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
UC81.L and VCPA.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VCPA.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VCPA.L is cheaper with a 0.09% expense ratio, compared with 0.18% for UC81.L.
UC81.L tracks Bloomberg US Corp 1-3 Yr TR USD, while VCPA.L tracks Bloomberg US Corp Bond TR USD. They also come from different issuers: UBS and Vanguard. Their fees differ too: 0.18% for UC81.L and 0.09% for VCPA.L.
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