V3GP.L vs. VUAA.L

Last updated Apr 5, 2026

Compare and contrast key facts about Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing (V3GP.L) and Vanguard S&P 500 UCITS ETF USD Accumulation (VUAA.L).

V3GP.L and VUAA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. V3GP.L is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Gbl Agg Corp TR Hdg GBP. It was launched on May 20, 2021. VUAA.L is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Net Total Return. It was launched on May 14, 2019. Both V3GP.L and VUAA.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

V3GP.L vs. VUAA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing (V3GP.L) and Vanguard S&P 500 UCITS ETF USD Accumulation (VUAA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

V3GP.L is traded in GBP, while VUAA.L is traded in USD. To make them comparable, the VUAA.L 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 -0.37% return, which is significantly higher than VUAA.L's -2.57% return.

V3GP.L

• 1D: 0.24%
• 1M: -0.86%
• YTD: -0.37%
• 6M: 0.25%
• 1Y: 4.23%
• 3Y*: 4.69%
• 5Y*: —
• 10Y*: —

VUAA.L

• 1D: 0.30%
• 1M: -2.49%
• YTD: -2.57%
• 6M: -0.16%
• 1Y: 24.93%
• 3Y*: 15.86%
• 5Y*: 12.73%
• 10Y*: —

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

V3GP.L vs. VUAA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
V3GP.L Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing	-0.37%	6.20%	3.56%	7.64%	-14.57%	13.25%
VUAA.L Vanguard S&P 500 UCITS ETF USD Accumulation	-2.57%	9.01%	27.46%	20.35%	-8.96%	19.86%

Correlation

The correlation between V3GP.L and VUAA.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners. Combining low-correlation assets is one of the most reliable ways to reduce portfolio risk without sacrificing expected returns.

V3GP.L vs. VUAA.L - Expense Ratio Comparison

V3GP.L has a 0.15% expense ratio, which is higher than VUAA.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%.

V3GP.L

Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing

VUAA.L

Vanguard S&P 500 UCITS ETF USD Accumulation

Return for Risk

V3GP.L vs. VUAA.L — Risk / Return Rank

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

V3GP.L

V3GP.L Risk / Return Rank: 51
V3GP.L Sharpe Ratio Rank: 56
V3GP.L Sortino Ratio Rank: 54
V3GP.L Omega Ratio Rank: 50
V3GP.L Calmar Ratio Rank: 46
V3GP.L Martin Ratio Rank: 48

VUAA.L

VUAA.L Risk / Return Rank: 66
VUAA.L Sharpe Ratio Rank: 57
VUAA.L Sortino Ratio Rank: 58
VUAA.L Omega Ratio Rank: 58
VUAA.L Calmar Ratio Rank: 77
VUAA.L Martin Ratio Rank: 84

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.

V3GP.L vs. VUAA.L - 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 Vanguard S&P 500 UCITS ETF USD Accumulation (VUAA.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.

	V3GP.L	VUAA.L	Difference
Sharpe ratio Return per unit of total volatility	1.06	0.96	+0.10
Sortino ratio Return per unit of downside risk	1.50	1.39	+0.10
Omega ratio Gain probability vs. loss probability	1.20	1.20	0.00
Calmar ratio Return relative to maximum drawdown	1.51	2.87	-1.36
Martin ratio Return relative to average drawdown	5.93	9.64	-3.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

V3GP.L vs. VUAA.L - Sharpe Ratio Comparison

The current V3GP.L Sharpe Ratio is 1.06, which is comparable to the VUAA.L Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of V3GP.L and VUAA.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.

Sharpe Ratios by Period

	V3GP.L	VUAA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	0.96	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.79	-0.43

Drawdowns

V3GP.L vs. VUAA.L - Drawdown Comparison

The maximum V3GP.L drawdown since its inception was -20.15%, smaller than the maximum VUAA.L drawdown of -26.15%. Use the drawdown chart below to compare losses from any high point for V3GP.L and VUAA.L.

Drawdown Indicators

	V3GP.L	VUAA.L	Difference
Max Drawdown Largest peak-to-trough decline	-20.15%	-34.05%	+13.90%
Max Drawdown (1Y) Largest decline over 1 year	-2.67%	-8.18%	+5.51%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.36%	—
Current Drawdown Current decline from peak	-1.59%	-5.72%	+4.13%
Average Drawdown Average peak-to-trough decline	-8.01%	-5.20%	-2.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.68%	1.89%	-1.21%

Volatility

V3GP.L vs. VUAA.L - Volatility Comparison

The current volatility for Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing (V3GP.L) is 1.80%, while Vanguard S&P 500 UCITS ETF USD Accumulation (VUAA.L) has a volatility of 4.51%. This indicates that V3GP.L experiences smaller price fluctuations and is considered to be less risky than VUAA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	V3GP.L	VUAA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.80%	4.51%	-2.71%
Volatility (6M) Calculated over the trailing 6-month period	2.46%	9.04%	-6.58%
Volatility (1Y) Calculated over the trailing 1-year period	4.10%	15.85%	-11.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.71%	15.38%	-7.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.71%	17.22%	-9.51%

Dividends

V3GP.L vs. VUAA.L - Dividend Comparison

V3GP.L's dividend yield for the trailing twelve months is around 4.41%, while VUAA.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021
V3GP.L Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing	4.41%	4.43%	4.36%	4.10%	2.48%	11.63%
VUAA.L Vanguard S&P 500 UCITS ETF USD Accumulation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%