V3GD.L vs. VUSA.L
V3GD.L (Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing) and VUSA.L (Vanguard S&P 500 UCITS ETF) are both exchange-traded funds - V3GD.L is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp 0901 TR Hdg USD, while VUSA.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, V3GD.L returned 1.07%/yr vs 13.73%/yr for VUSA.L. At a 0.23 correlation, their price movements are largely independent. V3GD.L charges 0.15%/yr vs 0.07%/yr for VUSA.L.
Performance
V3GD.L vs. VUSA.L - Performance Comparison
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Different Trading Currencies
V3GD.L is traded in USD, while VUSA.L is traded in GBP. To make them comparable, the VUSA.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, V3GD.L achieves a 0.61% return, which is significantly lower than VUSA.L's 10.25% return.
V3GD.L
- 1D
- 0.21%
- 1M
- 0.73%
- YTD
- 0.61%
- 6M
- 0.81%
- 1Y
- 4.54%
- 3Y*
- 5.67%
- 5Y*
- 1.07%
- 10Y*
- —
VUSA.L
- 1D
- 0.08%
- 1M
- 4.62%
- YTD
- 10.25%
- 6M
- 11.29%
- 1Y
- 27.87%
- 3Y*
- 22.08%
- 5Y*
- 13.73%
- 10Y*
- 15.22%
V3GD.L vs. VUSA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
V3GD.L Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing | 0.61% | 6.28% | 3.93% | 8.62% | -13.27% | 1.15% |
VUSA.L Vanguard S&P 500 UCITS ETF | 10.25% | 17.65% | 25.21% | 26.13% | -18.75% | 14.88% |
Correlation
The correlation between V3GD.L and VUSA.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.23 |
The correlation between V3GD.L and VUSA.L shifts across timeframes, from 0.23 (all time) to 0.41 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
V3GD.L vs. VUSA.L — Risk / Return Rank
V3GD.L
VUSA.L
V3GD.L vs. VUSA.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 Vanguard S&P 500 UCITS ETF (VUSA.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.
| V3GD.L | VUSA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.45 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 3.19 | -1.42 |
| Martin ratioReturn relative to average drawdown | 5.96 | 13.78 | -7.82 |
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
| V3GD.L | VUSA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 2.48 | -1.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.88 | -0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.94 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.96 | -0.75 |
Drawdowns
V3GD.L vs. VUSA.L - Drawdown Comparison
The maximum V3GD.L drawdown since its inception was -19.16%, smaller than the maximum VUSA.L drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for V3GD.L and VUSA.L.
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Drawdown Indicators
| V3GD.L | VUSA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.16% | -33.50% | +14.34% |
Max Drawdown (1Y)Largest decline over 1 year | -2.54% | -8.69% | +6.15% |
Max Drawdown (3Y)Largest decline over 3 years | -3.65% | -18.45% | +14.80% |
Max Drawdown (5Y)Largest decline over 5 years | -19.16% | -25.32% | +6.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.50% | — |
Current DrawdownCurrent decline from peak | -0.59% | -0.54% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -6.40% | -3.71% | -2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 2.02% | -1.26% |
Volatility
V3GD.L vs. VUSA.L - Volatility Comparison
The current volatility for Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing (V3GD.L) is 1.47%, while Vanguard S&P 500 UCITS ETF (VUSA.L) has a volatility of 2.60%. This indicates that V3GD.L experiences smaller price fluctuations and is considered to be less risky than VUSA.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 | VUSA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 2.60% | -1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 7.99% | -5.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.69% | 11.18% | -7.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.49% | 15.63% | -10.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.48% | 16.21% | -10.73% |
V3GD.L vs. VUSA.L - Expense Ratio Comparison
V3GD.L has a 0.15% expense ratio, which is higher than VUSA.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%.
Dividends
V3GD.L vs. VUSA.L - Dividend Comparison
V3GD.L's dividend yield for the trailing twelve months is around 4.37%, more than VUSA.L's 0.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
V3GD.L Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing | 4.37% | 4.45% | 4.35% | 4.05% | 2.44% | 0.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VUSA.L Vanguard S&P 500 UCITS ETF | 0.87% | 0.95% | 1.00% | 1.24% | 1.41% | 1.04% | 1.44% | 1.50% | 1.72% | 1.61% | 1.58% | 1.73% |
Frequently Asked Questions
V3GD.L and VUSA.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUSA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUSA.L is cheaper with a 0.07% expense ratio, compared with 0.15% for V3GD.L.
V3GD.L is categorized as Global Corporate Bonds, while VUSA.L is S&P 500. V3GD.L tracks Bloomberg Gbl Agg Corp 0901 TR Hdg USD, while VUSA.L tracks S&P 500 Index. Their fees differ too: 0.15% for V3GD.L and 0.07% for VUSA.L.
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