USDG.L vs. VDPA.L
Compare and contrast key facts about L&G ESG USD Corporate Bond UCITS ETF (USDG.L) and Vanguard USD Corporate Bond UCITS ETF USD Accumulation (VDPA.L).
USDG.L and VDPA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USDG.L is a passively managed fund by Legal & General that tracks the performance of the Bloomberg US Corp Bond TR USD. It was launched on Jan 15, 2021. VDPA.L is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate Corporate - United States Dollar Index. It was launched on May 25, 2021. Both USDG.L and VDPA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
USDG.L vs. VDPA.L - Performance Comparison
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USDG.L vs. VDPA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
USDG.L L&G ESG USD Corporate Bond UCITS ETF | 0.87% | 0.15% | 4.75% | 2.41% | -3.62% | 1.57% |
VDPA.L Vanguard USD Corporate Bond UCITS ETF USD Accumulation | 1.14% | 0.10% | 4.62% | 2.65% | -4.76% | 1.60% |
Different Trading Currencies
USDG.L is traded in GBp, while VDPA.L is traded in USD. To make them comparable, the VDPA.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, USDG.L achieves a 0.87% return, which is significantly lower than VDPA.L's 1.14% return.
USDG.L
- 1D
- -0.35%
- 1M
- -0.49%
- YTD
- 0.87%
- 6M
- 2.09%
- 1Y
- 1.85%
- 3Y*
- 2.64%
- 5Y*
- 1.86%
- 10Y*
- —
VDPA.L
- 1D
- 0.32%
- 1M
- -0.20%
- YTD
- 1.14%
- 6M
- 2.16%
- 1Y
- 2.37%
- 3Y*
- 2.53%
- 5Y*
- 1.67%
- 10Y*
- —
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USDG.L vs. VDPA.L - Expense Ratio Comparison
USDG.L has a 0.09% expense ratio, which is higher than VDPA.L's 0.07% 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%.
Return for Risk
USDG.L vs. VDPA.L — Risk / Return Rank
USDG.L
VDPA.L
USDG.L vs. VDPA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G ESG USD Corporate Bond UCITS ETF (USDG.L) and Vanguard USD Corporate Bond UCITS ETF USD Accumulation (VDPA.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.
| USDG.L | VDPA.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.21 | 0.29 | -0.08 |
Sortino ratioReturn per unit of downside risk | 0.35 | 0.43 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.06 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.37 | 0.47 | -0.10 |
Martin ratioReturn relative to average drawdown | 0.75 | 0.98 | -0.23 |
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
| USDG.L | VDPA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.21 | 0.29 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.18 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.25 | -0.11 |
Correlation
The correlation between USDG.L and VDPA.L is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
USDG.L vs. VDPA.L - Dividend Comparison
USDG.L's dividend yield for the trailing twelve months is around 4.67%, while VDPA.L has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
USDG.L L&G ESG USD Corporate Bond UCITS ETF | 4.67% | 4.70% | 3.99% | 3.27% | 2.25% | 0.76% |
VDPA.L Vanguard USD Corporate Bond UCITS ETF USD Accumulation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
USDG.L vs. VDPA.L - Drawdown Comparison
The maximum USDG.L drawdown since its inception was -12.80%, smaller than the maximum VDPA.L drawdown of -14.91%. Use the drawdown chart below to compare losses from any high point for USDG.L and VDPA.L.
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Drawdown Indicators
| USDG.L | VDPA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.80% | -21.43% | +8.63% |
Max Drawdown (1Y)Largest decline over 1 year | -6.09% | -4.16% | -1.93% |
Max Drawdown (5Y)Largest decline over 5 years | -12.80% | -21.43% | +8.63% |
Current DrawdownCurrent decline from peak | -2.15% | -1.71% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -5.07% | -6.09% | +1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 0.93% | +2.06% |
Volatility
USDG.L vs. VDPA.L - Volatility Comparison
L&G ESG USD Corporate Bond UCITS ETF (USDG.L) has a higher volatility of 5.30% compared to Vanguard USD Corporate Bond UCITS ETF USD Accumulation (VDPA.L) at 2.78%. This indicates that USDG.L's price experiences larger fluctuations and is considered to be riskier than VDPA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USDG.L | VDPA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | 2.78% | +2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 6.64% | 5.30% | +1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.80% | 8.28% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.73% | 9.18% | -0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.70% | 10.66% | -1.96% |