UC81.L vs. VUCP.L
UC81.L (UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis) and VUCP.L (Vanguard USD Corporate Bond UCITS ETF Distributing) are both Corporate Bonds funds - UC81.L tracks the Bloomberg US Corp 1-3 Yr TR USD while VUCP.L tracks the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 10 years, UC81.L returned 3.31%/yr vs 2.70%/yr for VUCP.L. Their correlation of 0.87 suggests significant overlap in exposure. UC81.L charges 0.18%/yr vs 0.09%/yr for VUCP.L.
Performance
UC81.L vs. VUCP.L - Performance Comparison
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Different Trading Currencies
UC81.L is traded in GBp, while VUCP.L is traded in GBP. To make them comparable, the VUCP.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 higher than VUCP.L's 0.04% return. Over the past 10 years, UC81.L has outperformed VUCP.L with an annualized return of 3.31%, while VUCP.L has yielded a comparatively lower 2.70% annualized 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%
VUCP.L
- 1D
- 0.29%
- 1M
- 1.42%
- YTD
- 0.04%
- 6M
- -0.47%
- 1Y
- 5.40%
- 3Y*
- 1.87%
- 5Y*
- 1.01%
- 10Y*
- 2.70%
UC81.L vs. VUCP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 4.23% | 6.12% | -6.53% |
VUCP.L Vanguard USD Corporate Bond UCITS ETF Distributing | 0.04% | -0.91% | 4.32% | 1.29% | -5.38% | -0.63% | 4.96% | 10.22% | 2.22% | -3.67% |
Correlation
The correlation between UC81.L and VUCP.L is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2016 | 0.87 |
The correlation between UC81.L and VUCP.L has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.
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Return for Risk
UC81.L vs. VUCP.L — Risk / Return Rank
UC81.L
VUCP.L
UC81.L vs. VUCP.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 Distributing (VUCP.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 | VUCP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.15 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 1.08 | +0.16 |
| Martin ratioReturn relative to average drawdown | 3.19 | 2.44 | +0.75 |
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 | VUCP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 0.90 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.12 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.27 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.27 | +0.16 |
Drawdowns
UC81.L vs. VUCP.L - Drawdown Comparison
The maximum UC81.L drawdown since its inception was -14.94%, smaller than the maximum VUCP.L drawdown of -16.84%. Use the drawdown chart below to compare losses from any high point for UC81.L and VUCP.L.
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Drawdown Indicators
| UC81.L | VUCP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.94% | -16.84% | +1.90% |
Max Drawdown (1Y)Largest decline over 1 year | -4.29% | -5.00% | +0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -8.01% | -9.00% | +0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -14.31% | -13.14% | -1.17% |
Max Drawdown (10Y)Largest decline over 10 years | -14.94% | -16.84% | +1.90% |
Current DrawdownCurrent decline from peak | -2.57% | -7.67% | +5.10% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -7.67% | +2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 2.21% | -0.54% |
Volatility
UC81.L vs. VUCP.L - Volatility Comparison
The current volatility for UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis (UC81.L) is 1.51%, while Vanguard USD Corporate Bond UCITS ETF Distributing (VUCP.L) has a volatility of 1.62%. This indicates that UC81.L experiences smaller price fluctuations and is considered to be less risky than VUCP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UC81.L | VUCP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.62% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 4.27% | 4.46% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 5.99% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.78% | 8.51% | -0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.16% | 9.92% | -0.76% |
UC81.L vs. VUCP.L - Expense Ratio Comparison
UC81.L has a 0.18% expense ratio, which is higher than VUCP.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. VUCP.L - Dividend Comparison
UC81.L's dividend yield for the trailing twelve months is around 4.67%, more than VUCP.L's 3.85% yield.
| 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% |
VUCP.L Vanguard USD Corporate Bond UCITS ETF Distributing | 3.85% | 4.02% | 4.73% | 3.57% | 2.79% | 1.85% | 2.36% | 2.64% | 2.58% | 2.57% | 1.73% | 0.00% |
Frequently Asked Questions
UC81.L and VUCP.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUCP.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUCP.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 VUCP.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 VUCP.L.
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