VAGT.DE vs. VUCE.DE
VAGT.DE (Vanguard USD Treasury Bond UCITS ETF Accumulating) and VUCE.DE (Vanguard USD Corporate Bond UCITS ETF Accumulating) are both exchange-traded funds - VAGT.DE is a Government Bonds fund tracking the Bloomberg Global Aggregate US Treasury Float Adjusted Index, while VUCE.DE is a Corporate Bonds fund tracking the Bloomberg Global Aggregate Corporate USD. Both are passively managed. Over the past 3 years, VAGT.DE returned 0.08%/yr vs 2.60%/yr for VUCE.DE. Their correlation of 0.91 suggests significant overlap in exposure. VAGT.DE charges 0.05%/yr vs 0.09%/yr for VUCE.DE.
Performance
VAGT.DE vs. VUCE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VAGT.DE achieves a 1.07% return, which is significantly lower than VUCE.DE's 1.67% return.
VAGT.DE
- 1D
- 0.09%
- 1M
- 0.85%
- YTD
- 1.07%
- 6M
- 0.31%
- 1Y
- 1.96%
- 3Y*
- 0.08%
- 5Y*
- —
- 10Y*
- —
VUCE.DE
- 1D
- 0.13%
- 1M
- 1.23%
- YTD
- 1.67%
- 6M
- 1.00%
- 1Y
- 4.10%
- 3Y*
- 2.60%
- 5Y*
- 1.63%
- 10Y*
- —
VAGT.DE vs. VUCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VAGT.DE Vanguard USD Treasury Bond UCITS ETF Accumulating | 1.07% | -5.48% | 6.40% | -0.45% |
VUCE.DE Vanguard USD Corporate Bond UCITS ETF Accumulating | 1.67% | -4.17% | 8.58% | 3.12% |
Correlation
The correlation between VAGT.DE and VUCE.DE is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2023 | 0.91 |
The correlation between VAGT.DE and VUCE.DE has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
VAGT.DE vs. VUCE.DE — Risk / Return Rank
VAGT.DE
VUCE.DE
VAGT.DE vs. VUCE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.DE) and Vanguard USD Corporate Bond UCITS ETF Accumulating (VUCE.DE). 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.
| VAGT.DE | VUCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.12 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 1.16 | -0.76 |
| Martin ratioReturn relative to average drawdown | 1.00 | 2.99 | -1.98 |
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
| VAGT.DE | VUCE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.29 | 0.66 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.20 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.22 | -0.17 |
Drawdowns
VAGT.DE vs. VUCE.DE - Drawdown Comparison
The maximum VAGT.DE drawdown since its inception was -11.03%, smaller than the maximum VUCE.DE drawdown of -13.02%. Use the drawdown chart below to compare losses from any high point for VAGT.DE and VUCE.DE.
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Drawdown Indicators
| VAGT.DE | VUCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.03% | -13.02% | +1.99% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -3.24% | -0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -11.03% | -11.15% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.75% | — |
Current DrawdownCurrent decline from peak | -7.21% | -5.08% | -2.13% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -5.43% | +0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 1.26% | +0.35% |
Volatility
VAGT.DE vs. VUCE.DE - Volatility Comparison
The current volatility for Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.DE) is 0.86%, while Vanguard USD Corporate Bond UCITS ETF Accumulating (VUCE.DE) has a volatility of 0.91%. This indicates that VAGT.DE experiences smaller price fluctuations and is considered to be less risky than VUCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAGT.DE | VUCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 0.91% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.76% | 3.98% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.49% | 5.71% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.33% | 8.02% | -0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.33% | 8.36% | -1.03% |
VAGT.DE vs. VUCE.DE - Expense Ratio Comparison
VAGT.DE has a 0.05% expense ratio, which is lower than VUCE.DE's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VAGT.DE vs. VUCE.DE - Dividend Comparison
Neither VAGT.DE nor VUCE.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, VAGT.DE and VUCE.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VAGT.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGT.DE is cheaper with a 0.05% expense ratio, compared with 0.09% for VUCE.DE.
VAGT.DE is categorized as Government Bonds, while VUCE.DE is Corporate Bonds. VAGT.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index, while VUCE.DE tracks Bloomberg Global Aggregate Corporate USD. Their fees differ too: 0.05% for VAGT.DE and 0.09% for VUCE.DE.
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