V3GD.L vs. CORP.L
V3GD.L (Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing) and CORP.L (iShares Global Corp Bond UCITS ETF USD (Dist)) are both Global Corporate Bonds funds - V3GD.L tracks the Bloomberg Gbl Agg Corp 0901 TR Hdg USD while CORP.L tracks the Bloomberg Global Aggregate Corporate Index (USD). Both are passively managed. Over the past 5 years, V3GD.L returned 0.73%/yr vs -0.18%/yr for CORP.L. Their correlation of 0.80 suggests significant overlap in exposure. V3GD.L charges 0.15%/yr vs 0.20%/yr for CORP.L.
Performance
V3GD.L vs. CORP.L - Performance Comparison
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Returns By Period
In the year-to-date period, V3GD.L achieves a 0.21% return, which is significantly higher than CORP.L's -0.60% return.
V3GD.L
- 1D
- 0.11%
- 1M
- -0.91%
- 6M
- 0.11%
- YTD
- 0.21%
- 1Y
- 3.39%
- 3Y*
- 5.37%
- 5Y*
- 0.73%
- 10Y*
- —
CORP.L
- 1D
- 0.08%
- 1M
- -0.98%
- 6M
- -0.32%
- YTD
- -0.60%
- 1Y
- 2.96%
- 3Y*
- 4.83%
- 5Y*
- -0.18%
- 10Y*
- 1.92%
V3GD.L vs. CORP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
V3GD.L Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing | 0.21% | 6.26% | 3.99% | 8.69% | -13.43% | 1.71% |
CORP.L iShares Global Corp Bond UCITS ETF USD (Dist) | -0.60% | 9.82% | 1.37% | 8.71% | -16.01% | -0.55% |
Correlation
The correlation between V3GD.L and CORP.L is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since May 20, 2021 | 0.80 |
The correlation between V3GD.L and CORP.L has been stable across timeframes, ranging from 0.79 to 0.81 - a consistent structural relationship.
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Return for Risk
V3GD.L vs. CORP.L — Risk / Return Rank
V3GD.L
CORP.L
V3GD.L vs. CORP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing (V3GD.L) and iShares Global Corp Bond UCITS ETF USD (Dist) (CORP.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.
| V3GD.L | CORP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.11 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 0.83 | +0.56 |
| Martin ratioReturn relative to average drawdown | 4.55 | 2.27 | +2.28 |
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Drawdowns
V3GD.L vs. CORP.L - Drawdown Comparison
The maximum V3GD.L drawdown since its inception was -19.12%, smaller than the maximum CORP.L drawdown of -25.09%. Use the drawdown chart below to compare losses from any high point for V3GD.L and CORP.L.
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Drawdown Indicators
| V3GD.L | CORP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.12% | -25.09% | +5.97% |
Max Drawdown (1Y)Largest decline over 1 year | -2.58% | -3.55% | +0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -3.60% | -6.01% | +2.41% |
Max Drawdown (5Y)Largest decline over 5 years | -19.12% | -24.80% | +5.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.09% | — |
Current DrawdownCurrent decline from peak | -1.23% | -2.34% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -6.21% | -5.15% | -1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 1.30% | -0.51% |
Volatility
V3GD.L vs. CORP.L - Volatility Comparison
Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing (V3GD.L) has a higher volatility of 1.03% compared to iShares Global Corp Bond UCITS ETF USD (Dist) (CORP.L) at 0.96%. This indicates that V3GD.L's price experiences larger fluctuations and is considered to be riskier than CORP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| V3GD.L | CORP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 0.96% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 3.20% | 3.85% | -0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 4.91% | -0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.70% | 6.98% | -1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.64% | 6.72% | -1.08% |
V3GD.L vs. CORP.L - Expense Ratio Comparison
V3GD.L has a 0.15% expense ratio, which is lower than CORP.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
V3GD.L vs. CORP.L - Dividend Comparison
V3GD.L's dividend yield for the trailing twelve months is around 4.31%, which matches CORP.L's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORP.L iShares Global Corp Bond UCITS ETF USD (Dist) | 4.28% | 4.05% | 3.98% | 3.22% | 2.60% | 2.13% | 2.28% | 2.67% | 2.71% | 2.48% | 2.73% | 2.68% |
V3GD.L Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing | 4.31% | 4.45% | 4.35% | 4.06% | 2.44% | 0.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
V3GD.L and CORP.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, V3GD.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
V3GD.L is cheaper with a 0.15% expense ratio, compared with 0.20% for CORP.L.
V3GD.L tracks Bloomberg Gbl Agg Corp 0901 TR Hdg USD, while CORP.L tracks Bloomberg Global Aggregate Corporate Index (USD). They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.15% for V3GD.L and 0.20% for CORP.L.
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