USCR.L vs. VUCP.L
USCR.L (SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF) and VUCP.L (Vanguard USD Corporate Bond UCITS ETF Distributing) are both Corporate Bonds funds tracking the Bloomberg US Corp Bond TR USD, from State Street and Vanguard respectively. Both are passively managed. Over the past 5 years, USCR.L returned 0.37%/yr vs -0.05%/yr for VUCP.L. A 0.72 correlation means they provide meaningful diversification when combined. USCR.L charges 0.15%/yr vs 0.09%/yr for VUCP.L.
Performance
USCR.L vs. VUCP.L - Performance Comparison
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Different Trading Currencies
USCR.L is traded in USD, while VUCP.L is traded in GBP. To make them comparable, the VUCP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, USCR.L achieves a 0.18% return, which is significantly higher than VUCP.L's -0.21% return.
USCR.L
- 1D
- 0.26%
- 1M
- 0.46%
- YTD
- 0.18%
- 6M
- 0.76%
- 1Y
- 5.65%
- 3Y*
- 5.01%
- 5Y*
- 0.37%
- 10Y*
- —
VUCP.L
- 1D
- 0.34%
- 1M
- 0.55%
- YTD
- -0.21%
- 6M
- 0.27%
- 1Y
- 4.40%
- 3Y*
- 4.50%
- 5Y*
- -0.05%
- 10Y*
- 1.95%
USCR.L vs. VUCP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
USCR.L SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF | 0.18% | 7.70% | 2.19% | 8.02% | -15.48% | -1.86% | 2.28% |
VUCP.L Vanguard USD Corporate Bond UCITS ETF Distributing | -0.21% | 6.57% | 2.58% | 6.64% | -15.50% | -1.53% | 2.73% |
Correlation
The correlation between USCR.L and VUCP.L is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2020 | 0.72 |
The correlation between USCR.L and VUCP.L has been stable across timeframes, ranging from 0.64 to 0.73 - a consistent structural relationship.
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Return for Risk
USCR.L vs. VUCP.L — Risk / Return Rank
USCR.L
VUCP.L
USCR.L vs. VUCP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (USCR.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.
| USCR.L | VUCP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.13 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 1.32 | +0.63 |
| Martin ratioReturn relative to average drawdown | 5.91 | 3.99 | +1.92 |
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
| USCR.L | VUCP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 0.80 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | -0.01 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.30 | -0.28 |
Drawdowns
USCR.L vs. VUCP.L - Drawdown Comparison
The maximum USCR.L drawdown since its inception was -22.42%, roughly equal to the maximum VUCP.L drawdown of -22.06%. Use the drawdown chart below to compare losses from any high point for USCR.L and VUCP.L.
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Drawdown Indicators
| USCR.L | VUCP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.42% | -22.06% | -0.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -3.31% | +0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -6.13% | -6.13% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -22.42% | -21.99% | -0.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.06% | — |
Current DrawdownCurrent decline from peak | -1.21% | -3.31% | +2.10% |
Average DrawdownAverage peak-to-trough decline | -8.32% | -5.68% | -2.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.10% | -0.15% |
Volatility
USCR.L vs. VUCP.L - Volatility Comparison
SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (USCR.L) and Vanguard USD Corporate Bond UCITS ETF Distributing (VUCP.L) have volatilities of 1.68% and 1.74%, 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
| USCR.L | VUCP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 1.74% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.58% | 4.11% | -0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.71% | 5.52% | -0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.18% | 7.64% | -0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.99% | 7.73% | -0.74% |
USCR.L vs. VUCP.L - Expense Ratio Comparison
USCR.L has a 0.15% 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
USCR.L vs. VUCP.L - Dividend Comparison
USCR.L has not paid dividends to shareholders, while VUCP.L's dividend yield for the trailing twelve months is around 3.85%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
USCR.L SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
USCR.L and VUCP.L have a correlation of 0.64, 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 0.15% for USCR.L.
Both ETFs track Bloomberg US Corp Bond TR USD. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.15% for USCR.L and 0.09% for VUCP.L.
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