UC98.L vs. VSCA.L
UC98.L (UBS ETF (LU) Bloomberg MSCI US Liquid Corporates Sustainable UCITS ETF (USD) A-dis) and VSCA.L (Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating) are both Corporate Bonds funds - UC98.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, UC98.L returned 1.03%/yr vs 3.78%/yr for VSCA.L. A 0.71 correlation means they provide meaningful diversification when combined. UC98.L charges 0.20%/yr vs 0.09%/yr for VSCA.L.
Performance
UC98.L vs. VSCA.L - Performance Comparison
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Different Trading Currencies
UC98.L is traded in GBp, while VSCA.L is traded in GBP. To make them comparable, the VSCA.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, UC98.L achieves a 2.66% return, which is significantly lower than VSCA.L's 3.21% return.
UC98.L
- 1D
- 0.62%
- 1M
- 3.34%
- YTD
- 2.66%
- 6M
- 3.49%
- 1Y
- 8.23%
- 3Y*
- 3.76%
- 5Y*
- 1.03%
- 10Y*
- 2.30%
VSCA.L
- 1D
- 0.32%
- 1M
- 2.51%
- YTD
- 3.21%
- 6M
- 3.85%
- 1Y
- 7.64%
- 3Y*
- 4.17%
- 5Y*
- 3.78%
- 10Y*
- —
UC98.L vs. VSCA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
UC98.L UBS ETF (LU) Bloomberg MSCI US Liquid Corporates Sustainable UCITS ETF (USD) A-dis | 2.66% | 0.33% | 3.62% | 2.43% | -7.46% | -1.33% | 6.37% | 10.38% |
VSCA.L Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating | 3.21% | -1.28% | 7.11% | -0.28% | 7.72% | 0.72% | 0.35% | -20.77% |
Correlation
The correlation between UC98.L and VSCA.L is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2019 | 0.71 |
The correlation between UC98.L and VSCA.L shifts across timeframes, from 0.68 (5 years) to 0.81 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UC98.L vs. VSCA.L — Risk / Return Rank
UC98.L
VSCA.L
UC98.L vs. VSCA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg MSCI US Liquid Corporates Sustainable UCITS ETF (USD) A-dis (UC98.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UC98.L | VSCA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.22 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.79 | -0.11 |
| Martin ratioReturn relative to average drawdown | 4.05 | 4.75 | -0.70 |
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Drawdowns
UC98.L vs. VSCA.L - Drawdown Comparison
The maximum UC98.L drawdown since its inception was -36.07%, which is greater than VSCA.L's maximum drawdown of -24.56%. Use the drawdown chart below to compare losses from any high point for UC98.L and VSCA.L.
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Drawdown Indicators
| UC98.L | VSCA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.07% | -24.56% | -11.51% |
Max Drawdown (1Y)Largest decline over 1 year | -4.86% | -4.24% | -0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -8.30% | -20.80% | +12.50% |
Max Drawdown (5Y)Largest decline over 5 years | -14.17% | -20.80% | +6.63% |
Max Drawdown (10Y)Largest decline over 10 years | -19.62% | — | — |
Current DrawdownCurrent decline from peak | -7.60% | -12.65% | +5.05% |
Average DrawdownAverage peak-to-trough decline | -14.43% | -17.31% | +2.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 1.60% | +0.43% |
Volatility
UC98.L vs. VSCA.L - Volatility Comparison
UBS ETF (LU) Bloomberg MSCI US Liquid Corporates Sustainable UCITS ETF (USD) A-dis (UC98.L) has a higher volatility of 1.65% compared to Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating (VSCA.L) at 1.53%. This indicates that UC98.L's price experiences larger fluctuations and is considered to be riskier than VSCA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UC98.L | VSCA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.65% | 1.53% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 4.48% | 4.45% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.03% | 6.13% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.95% | 16.07% | -7.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.91% | 16.93% | -7.02% |
UC98.L vs. VSCA.L - Expense Ratio Comparison
UC98.L has a 0.20% 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
UC98.L vs. VSCA.L - Dividend Comparison
UC98.L's dividend yield for the trailing twelve months is around 4.36%, while VSCA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
UC98.L UBS ETF (LU) Bloomberg MSCI US Liquid Corporates Sustainable UCITS ETF (USD) A-dis | 4.36% | 5.96% | 4.81% | 3.91% | 2.35% | 2.01% | 2.72% | 3.27% | 2.04% | 1.74% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UC98.L and VSCA.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
VSCA.L is cheaper with a 0.09% expense ratio, compared with 0.20% for UC98.L.
UC98.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: UBS and Vanguard. Their fees differ too: 0.20% for UC98.L and 0.09% for VSCA.L.
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