V3GU.L vs. XCOU.L
V3GU.L (Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Accumulating) and XCOU.L (Lyxor Global Green Bond 1-10Y UCITS ETF USD Hedged Acc) are both Global Corporate Bonds funds tracking the Bloomberg Gbl Agg Corp 0901 TR Hdg USD, from Vanguard and Amundi respectively. Both are passively managed. Over the past 3 years, V3GU.L returned 5.68%/yr vs 5.45%/yr for XCOU.L. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
V3GU.L vs. XCOU.L - Performance Comparison
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Returns By Period
In the year-to-date period, V3GU.L achieves a 0.61% return, which is significantly lower than XCOU.L's 0.81% return.
V3GU.L
- 1D
- 0.21%
- 1M
- 0.76%
- YTD
- 0.61%
- 6M
- 0.82%
- 1Y
- 4.54%
- 3Y*
- 5.68%
- 5Y*
- —
- 10Y*
- —
XCOU.L
- 1D
- 0.20%
- 1M
- 0.79%
- YTD
- 0.81%
- 6M
- 1.00%
- 1Y
- 3.54%
- 3Y*
- 5.45%
- 5Y*
- —
- 10Y*
- —
V3GU.L vs. XCOU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
V3GU.L Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Accumulating | 0.61% | 6.28% | 3.97% | 8.61% | -3.89% |
XCOU.L Lyxor Global Green Bond 1-10Y UCITS ETF USD Hedged Acc | 0.81% | 5.28% | 4.41% | 8.47% | -4.52% |
Correlation
The correlation between V3GU.L and XCOU.L is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since May 27, 2022 | 0.79 |
The correlation between V3GU.L and XCOU.L has been stable across timeframes, ranging from 0.71 to 0.79 - a consistent structural relationship.
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Return for Risk
V3GU.L vs. XCOU.L — Risk / Return Rank
V3GU.L
XCOU.L
V3GU.L vs. XCOU.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 Accumulating (V3GU.L) and Lyxor Global Green Bond 1-10Y UCITS ETF USD Hedged Acc (XCOU.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.
| V3GU.L | XCOU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.43 | +0.25 |
| Martin ratioReturn relative to average drawdown | 5.86 | 4.66 | +1.20 |
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
| V3GU.L | XCOU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 1.34 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.85 | -0.71 |
Drawdowns
V3GU.L vs. XCOU.L - Drawdown Comparison
The maximum V3GU.L drawdown since its inception was -18.89%, which is greater than XCOU.L's maximum drawdown of -7.95%. Use the drawdown chart below to compare losses from any high point for V3GU.L and XCOU.L.
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Drawdown Indicators
| V3GU.L | XCOU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.89% | -7.95% | -10.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.69% | -2.46% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -3.67% | -2.46% | -1.21% |
Current DrawdownCurrent decline from peak | -0.58% | -0.77% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -6.79% | -1.57% | -5.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.76% | +0.01% |
Volatility
V3GU.L vs. XCOU.L - Volatility Comparison
Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Accumulating (V3GU.L) has a higher volatility of 1.45% compared to Lyxor Global Green Bond 1-10Y UCITS ETF USD Hedged Acc (XCOU.L) at 1.20%. This indicates that V3GU.L's price experiences larger fluctuations and is considered to be riskier than XCOU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| V3GU.L | XCOU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 1.20% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 2.24% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 2.63% | +1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.13% | 4.10% | +2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.13% | 4.10% | +2.03% |
V3GU.L vs. XCOU.L - Expense Ratio Comparison
Both V3GU.L and XCOU.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
V3GU.L vs. XCOU.L - Dividend Comparison
Neither V3GU.L nor XCOU.L has paid dividends to shareholders.
Frequently Asked Questions
V3GU.L and XCOU.L have a correlation of 0.71, 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.
V3GU.L and XCOU.L have the same expense ratio: 0.15% per year.
Both ETFs track Bloomberg Gbl Agg Corp 0901 TR Hdg USD. They also come from different issuers: Vanguard and Amundi.
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