V3GS.L vs. V3GD.L
V3GS.L (Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Accumulating) and V3GD.L (Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing) are both Global Corporate Bonds funds from Vanguard - V3GS.L tracks the Bloomberg Gbl Agg Corp TR Hdg GBP while V3GD.L tracks the Bloomberg Gbl Agg Corp 0901 TR Hdg USD. Both are passively managed. Over the past 5 years, V3GS.L returned 0.46%/yr vs 2.16%/yr for V3GD.L. At a 0.33 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
V3GS.L vs. V3GD.L - Performance Comparison
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Different Trading Currencies
V3GS.L is traded in GBP, while V3GD.L is traded in USD. To make them comparable, the V3GD.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, V3GS.L achieves a 0.62% return, which is significantly lower than V3GD.L's 1.02% return.
V3GS.L
- 1D
- 0.24%
- 1M
- 0.84%
- YTD
- 0.62%
- 6M
- 0.78%
- 1Y
- 4.39%
- 3Y*
- 5.34%
- 5Y*
- 0.46%
- 10Y*
- —
V3GD.L
- 1D
- 0.21%
- 1M
- 1.65%
- YTD
- 1.02%
- 6M
- 0.11%
- 1Y
- 5.55%
- 3Y*
- 3.02%
- 5Y*
- 2.16%
- 10Y*
- —
V3GS.L vs. V3GD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
V3GS.L Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Accumulating | 0.62% | 6.49% | 3.15% | 7.67% | -14.59% | 1.06% |
V3GD.L Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing | 1.02% | -1.30% | 5.75% | 3.20% | -2.95% | 5.75% |
Correlation
The correlation between V3GS.L and V3GD.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.33 |
The correlation between V3GS.L and V3GD.L shifts across timeframes, from 0.20 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
V3GS.L vs. V3GD.L — Risk / Return Rank
V3GS.L
V3GD.L
V3GS.L vs. V3GD.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 Accumulating (V3GS.L) and Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing (V3GD.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.
| V3GS.L | V3GD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.15 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.04 | +0.63 |
| Martin ratioReturn relative to average drawdown | 5.58 | 2.55 | +3.02 |
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
| V3GS.L | V3GD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 0.85 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.25 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.26 | -0.16 |
Drawdowns
V3GS.L vs. V3GD.L - Drawdown Comparison
The maximum V3GS.L drawdown since its inception was -20.17%, which is greater than V3GD.L's maximum drawdown of -13.73%. Use the drawdown chart below to compare losses from any high point for V3GS.L and V3GD.L.
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Drawdown Indicators
| V3GS.L | V3GD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.17% | -13.73% | -6.44% |
Max Drawdown (1Y)Largest decline over 1 year | -2.61% | -5.30% | +2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -3.80% | -8.65% | +4.85% |
Max Drawdown (5Y)Largest decline over 5 years | -20.17% | -13.73% | -6.44% |
Current DrawdownCurrent decline from peak | -0.61% | -2.60% | +1.99% |
Average DrawdownAverage peak-to-trough decline | -7.82% | -5.26% | -2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 2.17% | -1.39% |
Volatility
V3GS.L vs. V3GD.L - Volatility Comparison
The current volatility for Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Accumulating (V3GS.L) is 1.56%, while Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing (V3GD.L) has a volatility of 1.73%. This indicates that V3GS.L experiences smaller price fluctuations and is considered to be less risky than V3GD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| V3GS.L | V3GD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 1.73% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 5.11% | -2.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.84% | 6.47% | -2.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.55% | 8.63% | -3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.55% | 8.62% | -3.07% |
V3GS.L vs. V3GD.L - Expense Ratio Comparison
Both V3GS.L and V3GD.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
V3GS.L vs. V3GD.L - Dividend Comparison
V3GS.L has not paid dividends to shareholders, while V3GD.L's dividend yield for the trailing twelve months is around 4.37%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
V3GD.L Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing | 4.37% | 4.45% | 4.35% | 4.05% | 2.44% | 0.70% |
V3GS.L Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
V3GS.L and V3GD.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
V3GS.L and V3GD.L have the same expense ratio: 0.15% per year.
V3GS.L tracks Bloomberg Gbl Agg Corp TR Hdg GBP, while V3GD.L tracks Bloomberg Gbl Agg Corp 0901 TR Hdg USD.
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