VAGU.L vs. YCSH.DE
VAGU.L (Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating) and YCSH.DE (iShares € Cash UCITS ETF EUR Acc) are both exchange-traded funds - VAGU.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg USD, while YCSH.DE is a Money Market fund actively managed by iShares. VAGU.L is passively managed, while YCSH.DE is actively managed. Over the past year, VAGU.L returned 3.11% vs 3.93% for YCSH.DE. At a 0.22 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.
Performance
VAGU.L vs. YCSH.DE - Performance Comparison
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Different Trading Currencies
VAGU.L is traded in USD, while YCSH.DE is traded in EUR. To make them comparable, the YCSH.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VAGU.L achieves a -0.19% return, which is significantly higher than YCSH.DE's -0.33% return.
VAGU.L
- 1D
- -0.22%
- 1M
- -0.52%
- YTD
- -0.19%
- 6M
- 0.26%
- 1Y
- 3.11%
- 3Y*
- 3.89%
- 5Y*
- 0.13%
- 10Y*
- —
YCSH.DE
- 1D
- 0.12%
- 1M
- -1.33%
- YTD
- -0.33%
- 6M
- 0.71%
- 1Y
- 3.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VAGU.L vs. YCSH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VAGU.L Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating | -0.19% | 4.95% | -0.74% |
YCSH.DE iShares € Cash UCITS ETF EUR Acc | -0.33% | 15.45% | -1.24% |
Correlation
The correlation between VAGU.L and YCSH.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2024 | 0.22 |
The correlation between VAGU.L and YCSH.DE shifts across timeframes, from 0.22 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VAGU.L vs. YCSH.DE — Risk / Return Rank
VAGU.L
YCSH.DE
VAGU.L vs. YCSH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating (VAGU.L) and iShares € Cash UCITS ETF EUR Acc (YCSH.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.
| VAGU.L | YCSH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.11 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 0.75 | +0.40 |
| Martin ratioReturn relative to average drawdown | 3.16 | 1.90 | +1.25 |
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
| VAGU.L | YCSH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 0.59 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 1.17 | -0.96 |
Drawdowns
VAGU.L vs. YCSH.DE - Drawdown Comparison
The maximum VAGU.L drawdown since its inception was -17.42%, which is greater than YCSH.DE's maximum drawdown of -4.96%. Use the drawdown chart below to compare losses from any high point for VAGU.L and YCSH.DE.
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Drawdown Indicators
| VAGU.L | YCSH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.42% | -4.96% | -12.46% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -4.96% | +2.26% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.10% | — | — |
Current DrawdownCurrent decline from peak | -1.93% | -2.90% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -5.51% | -1.41% | -4.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 1.95% | -0.97% |
Volatility
VAGU.L vs. YCSH.DE - Volatility Comparison
Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating (VAGU.L) has a higher volatility of 1.32% compared to iShares € Cash UCITS ETF EUR Acc (YCSH.DE) at 1.19%. This indicates that VAGU.L's price experiences larger fluctuations and is considered to be riskier than YCSH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAGU.L | YCSH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.19% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.80% | 4.36% | -1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.56% | 6.31% | -2.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.17% | 7.54% | -2.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.79% | 7.54% | -2.75% |
VAGU.L vs. YCSH.DE - Expense Ratio Comparison
Both VAGU.L and YCSH.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VAGU.L vs. YCSH.DE - Dividend Comparison
Neither VAGU.L nor YCSH.DE has paid dividends to shareholders.
Frequently Asked Questions
VAGU.L and YCSH.DE have a correlation of 0.33, 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 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VAGU.L and YCSH.DE have the same expense ratio: 0.10% per year.
VAGU.L is categorized as Global Bonds, while YCSH.DE is Money Market. They also come from different issuers: Vanguard and iShares.
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