V3GS.L vs. XCO2.L
V3GS.L (Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Accumulating) and XCO2.L (Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc) are both Global Corporate Bonds funds - V3GS.L tracks the Bloomberg Gbl Agg Corp TR Hdg GBP while XCO2.L tracks the Bloomberg Gbl Agg Corp TR USD. Both are passively managed. Over the past year, V3GS.L returned 4.39% vs 4.45% for XCO2.L. At a 0.38 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
V3GS.L vs. XCO2.L - Performance Comparison
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Returns By Period
In the year-to-date period, V3GS.L achieves a 0.62% return, which is significantly higher than XCO2.L's -0.02% 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*
- —
XCO2.L
- 1D
- 0.27%
- 1M
- 1.03%
- YTD
- -0.02%
- 6M
- -0.20%
- 1Y
- 4.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
V3GS.L vs. XCO2.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
V3GS.L Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Accumulating | 0.62% | 4.42% |
XCO2.L Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc | -0.02% | 4.08% |
Correlation
The correlation between V3GS.L and XCO2.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | 0.38 |
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Return for Risk
V3GS.L vs. XCO2.L — Risk / Return Rank
V3GS.L
XCO2.L
V3GS.L vs. XCO2.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 Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc (XCO2.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 | XCO2.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.22 | +0.45 |
| Martin ratioReturn relative to average drawdown | 5.58 | 2.92 | +2.66 |
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 | XCO2.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 1.05 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.86 | -0.76 |
Drawdowns
V3GS.L vs. XCO2.L - Drawdown Comparison
The maximum V3GS.L drawdown since its inception was -20.17%, which is greater than XCO2.L's maximum drawdown of -3.63%. Use the drawdown chart below to compare losses from any high point for V3GS.L and XCO2.L.
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Drawdown Indicators
| V3GS.L | XCO2.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.17% | -3.63% | -16.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.61% | -3.63% | +1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -3.80% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.17% | — | — |
Current DrawdownCurrent decline from peak | -0.61% | -2.22% | +1.61% |
Average DrawdownAverage peak-to-trough decline | -7.82% | -1.14% | -6.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 1.52% | -0.74% |
Volatility
V3GS.L vs. XCO2.L - Volatility Comparison
Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Accumulating (V3GS.L) has a higher volatility of 1.56% compared to Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc (XCO2.L) at 1.32%. This indicates that V3GS.L's price experiences larger fluctuations and is considered to be riskier than XCO2.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 | XCO2.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 1.32% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 3.17% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.84% | 4.23% | -0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.55% | 4.28% | +1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.55% | 4.28% | +1.27% |
V3GS.L vs. XCO2.L - Expense Ratio Comparison
Both V3GS.L and XCO2.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. XCO2.L - Dividend Comparison
Neither V3GS.L nor XCO2.L has paid dividends to shareholders.
Frequently Asked Questions
V3GS.L and XCO2.L have a correlation of 0.36, 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 XCO2.L have the same expense ratio: 0.15% per year.
V3GS.L tracks Bloomberg Gbl Agg Corp TR Hdg GBP, while XCO2.L tracks Bloomberg Gbl Agg Corp TR USD. They also come from different issuers: Vanguard and Amundi.
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