USDC.L vs. VUSC.L

Last updated Jul 18, 2026

USDC.L (L&G USD Corporate Bond Screened UCITS ETF USD (Dist)) and VUSC.L (Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD (Dist)) are both Corporate Bonds funds - USDC.L tracks the J.P. Morgan Global Credit Index ESG Investment Grade USD Custom Maturity Index while VUSC.L tracks the Bloomberg Global Aggregate Corporate – United States Dollar Index 1-3 Year. Both are passively managed. Over the past 5 years, USDC.L returned 0.14%/yr vs 2.73%/yr for VUSC.L. At a 0.16 correlation, their price movements are largely independent. Both charge a 0.09% expense ratio.

Performance

USDC.L vs. VUSC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in L&G USD Corporate Bond Screened UCITS ETF USD (Dist) (USDC.L) and Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD (Dist) (VUSC.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

USDC.L is traded in USD, while VUSC.L is traded in GBP. To make them comparable, the VUSC.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, USDC.L achieves a -2.06% return, which is significantly lower than VUSC.L's 1.24% return.

USDC.L

• 1D: 0.12%
• 1M: -0.49%
• 6M: 0.54%
• YTD: -2.06%
• 1Y: 1.96%
• 3Y*: 4.31%
• 5Y*: 0.14%
• 10Y*: —

VUSC.L

• 1D: 0.03%
• 1M: 1.07%
• 6M: 1.40%
• YTD: 1.24%
• 1Y: 4.03%
• 3Y*: 5.38%
• 5Y*: 2.73%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

USDC.L vs. VUSC.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
USDC.L L&G USD Corporate Bond Screened UCITS ETF USD (Dist)	-2.06%	7.42%	3.13%	8.35%	-13.91%	-0.43%
VUSC.L Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD (Dist)	1.24%	6.12%	5.39%	4.92%	-3.82%	0.19%

Correlation

The correlation between USDC.L and VUSC.L is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (All Time) Calculated using the full available price history since Jan 15, 2021	0.16

Return for Risk

USDC.L vs. VUSC.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

USDC.L

USDC.L Risk / Return Rank: 16
USDC.L Sharpe Ratio Rank: 16
USDC.L Sortino Ratio Rank: 14
USDC.L Omega Ratio Rank: 16
USDC.L Calmar Ratio Rank: 16
USDC.L Martin Ratio Rank: 16

VUSC.L

VUSC.L Risk / Return Rank: 23
VUSC.L Sharpe Ratio Rank: 24
VUSC.L Sortino Ratio Rank: 22
VUSC.L Omega Ratio Rank: 21
VUSC.L Calmar Ratio Rank: 24
VUSC.L Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

USDC.L vs. VUSC.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G USD Corporate Bond Screened UCITS ETF USD (Dist) (USDC.L) and Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD (Dist) (VUSC.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.

	USDC.L	VUSC.L	Difference
Sharpe ratio: Return per unit of total volatility	0.33	0.97	-0.63
Sortino ratio: Return per unit of downside risk	0.45	1.42	-0.97
Omega ratio: Gain probability vs. loss probability	1.07	1.17	-0.10
Calmar ratio: Return relative to maximum drawdown	0.40	3.33	-2.94
Martin ratio: Return relative to average drawdown	0.92	11.62	-10.70

USDC.L vs. VUSC.L - Sharpe Ratio Comparison

The current USDC.L Sharpe Ratio is 0.33, which is lower than the VUSC.L Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of USDC.L and VUSC.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

USDC.L vs. VUSC.L - Drawdown Comparison

The maximum USDC.L drawdown since its inception was -20.07%, which is greater than VUSC.L's maximum drawdown of -11.28%. Use the drawdown chart below to compare losses from any high point for USDC.L and VUSC.L.

Drawdown Indicators

	USDC.L	VUSC.L	Difference
Max Drawdown Largest peak-to-trough decline	-20.07%	-11.28%	-8.79%
Max Drawdown (1Y) Largest decline over 1 year	-4.92%	-1.21%	-3.71%
Max Drawdown (3Y) Largest decline over 3 years	-4.92%	-1.21%	-3.71%
Max Drawdown (5Y) Largest decline over 5 years	-20.07%	-7.26%	-12.81%
Current Drawdown Current decline from peak	-2.83%	-0.36%	-2.47%
Average Drawdown Average peak-to-trough decline	-6.75%	-1.24%	-5.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	0.35%	+1.78%

Volatility

USDC.L vs. VUSC.L - Volatility Comparison

L&G USD Corporate Bond Screened UCITS ETF USD (Dist) (USDC.L) and Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD (Dist) (VUSC.L) have volatilities of 1.11% and 1.06%, 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.

Volatility by Period

	USDC.L	VUSC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.11%	1.06%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	3.79%	3.51%	+0.28%
Volatility (1Y) Calculated over the trailing 1-year period	5.88%	4.16%	+1.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.28%	4.90%	+1.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.12%	5.68%	+0.44%

USDC.L vs. VUSC.L - Expense Ratio Comparison

Both USDC.L and VUSC.L have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

USDC.L vs. VUSC.L - Dividend Comparison

USDC.L's dividend yield for the trailing twelve months is around 2.44%, less than VUSC.L's 4.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
USDC.L L&G USD Corporate Bond Screened UCITS ETF USD (Dist)	2.44%	4.47%	4.08%	3.24%	2.36%	0.78%	0.00%	0.00%	0.00%
VUSC.L Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD (Dist)	4.46%	4.94%	4.85%	4.15%	1.92%	1.03%	2.12%	2.92%	1.75%

Frequently Asked Questions

Can I hold both USDC.L and VUSC.L in my portfolio?

USDC.L and VUSC.L have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, USDC.L or VUSC.L?

Both ETFs have the same 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USDC.L or VUSC.L?

USDC.L and VUSC.L have the same expense ratio: 0.09% per year.

What is the main difference between USDC.L and VUSC.L?

USDC.L tracks J.P. Morgan Global Credit Index ESG Investment Grade USD Custom Maturity Index, while VUSC.L tracks Bloomberg Global Aggregate Corporate – United States Dollar Index 1-3 Year. They also come from different issuers: L&G and Vanguard.