V3GP.L vs. VEGN
V3GP.L (Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing) and VEGN (US Vegan Climate ETF) are both exchange-traded funds - V3GP.L is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp TR Hdg GBP, while VEGN is a Large Cap Growth Equities fund tracking the US Vegan Climate Index. Both are passively managed. Over the past 5 years, V3GP.L returned 0.39%/yr vs 17.24%/yr for VEGN. At a 0.09 correlation, their price movements are largely independent. V3GP.L charges 0.15%/yr vs 0.60%/yr for VEGN.
Performance
V3GP.L vs. VEGN - Performance Comparison
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Different Trading Currencies
V3GP.L is traded in GBP, while VEGN is traded in USD. To make them comparable, the VEGN values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, V3GP.L achieves a 0.64% return, which is significantly lower than VEGN's 29.96% return.
V3GP.L
- 1D
- 0.23%
- 1M
- 0.61%
- YTD
- 0.64%
- 6M
- 1.44%
- 1Y
- 4.43%
- 3Y*
- 5.47%
- 5Y*
- 0.39%
- 10Y*
- —
VEGN
- 1D
- 1.24%
- 1M
- 6.87%
- YTD
- 29.96%
- 6M
- 29.49%
- 1Y
- 49.23%
- 3Y*
- 25.29%
- 5Y*
- 17.24%
- 10Y*
- —
V3GP.L vs. VEGN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
V3GP.L Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing | 0.64% | 6.28% | 3.50% | 7.55% | -14.46% | 1.52% |
VEGN US Vegan Climate ETF | 29.96% | 5.61% | 27.61% | 31.19% | -18.17% | 23.52% |
Correlation
The correlation between V3GP.L and VEGN is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since May 20, 2021 | 0.09 |
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Return for Risk
V3GP.L vs. VEGN — Risk / Return Rank
V3GP.L
VEGN
V3GP.L vs. VEGN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing (V3GP.L) and US Vegan Climate ETF (VEGN). 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.
| V3GP.L | VEGN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.50 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 4.47 | -2.86 |
| Martin ratioReturn relative to average drawdown | 5.27 | 14.87 | -9.60 |
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Drawdowns
V3GP.L vs. VEGN - Drawdown Comparison
The maximum V3GP.L drawdown since its inception was -20.08%, smaller than the maximum VEGN drawdown of -26.25%. Use the drawdown chart below to compare losses from any high point for V3GP.L and VEGN.
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Drawdown Indicators
| V3GP.L | VEGN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.08% | -26.25% | +6.17% |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | -10.63% | +8.03% |
Max Drawdown (3Y)Largest decline over 3 years | -3.67% | -25.14% | +21.47% |
Max Drawdown (5Y)Largest decline over 5 years | -20.08% | -25.14% | +5.06% |
Current DrawdownCurrent decline from peak | -0.52% | -2.26% | +1.74% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -5.85% | -1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 3.19% | -2.40% |
Volatility
V3GP.L vs. VEGN - Volatility Comparison
The current volatility for Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing (V3GP.L) is 1.38%, while US Vegan Climate ETF (VEGN) has a volatility of 8.26%. This indicates that V3GP.L experiences smaller price fluctuations and is considered to be less risky than VEGN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| V3GP.L | VEGN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 8.26% | -6.88% |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | 14.04% | -11.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.73% | 16.73% | -13.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.54% | 19.28% | -13.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.52% | 22.10% | -16.58% |
V3GP.L vs. VEGN - Expense Ratio Comparison
V3GP.L has a 0.15% expense ratio, which is lower than VEGN's 0.60% expense ratio.
Dividends
V3GP.L vs. VEGN - Dividend Comparison
V3GP.L's dividend yield for the trailing twelve months is around 4.36%, more than VEGN's 0.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
V3GP.L Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing | 4.36% | 4.43% | 4.36% | 4.10% | 2.48% | 0.71% | 0.00% | 0.00% |
VEGN US Vegan Climate ETF | 0.50% | 0.51% | 0.51% | 0.67% | 0.81% | 0.41% | 0.71% | 0.29% |
Frequently Asked Questions
V3GP.L and VEGN have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, V3GP.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
V3GP.L is cheaper with a 0.15% expense ratio, compared with 0.60% for VEGN.
V3GP.L is categorized as Global Corporate Bonds, while VEGN is Large Cap Growth Equities. V3GP.L tracks Bloomberg Gbl Agg Corp TR Hdg GBP, while VEGN tracks US Vegan Climate Index. They also come from different issuers: Vanguard and Beyond Investing. Their fees differ too: 0.15% for V3GP.L and 0.60% for VEGN.
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