VAGY.DE vs. IS3F.DE
VAGY.DE (Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating) and IS3F.DE (iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist)) are both Corporate Bonds funds - VAGY.DE tracks the Bloomberg Global Aggregate Corporate USD 1-3 while IS3F.DE tracks the Markit iBoxx USD Liquid Investment Grade Interest Rate Hedged Index. Both are passively managed. Over the past 3 years, VAGY.DE returned 3.78%/yr vs 5.78%/yr for IS3F.DE. Their correlation of 0.84 suggests significant overlap in exposure. VAGY.DE charges 0.09%/yr vs 0.25%/yr for IS3F.DE.
Performance
VAGY.DE vs. IS3F.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VAGY.DE achieves a 4.01% return, which is significantly lower than IS3F.DE's 5.49% return.
VAGY.DE
- 1D
- 0.00%
- 1M
- 1.85%
- 6M
- 3.90%
- YTD
- 4.01%
- 1Y
- 6.93%
- 3Y*
- 3.78%
- 5Y*
- —
- 10Y*
- —
IS3F.DE
- 1D
- 0.34%
- 1M
- 1.62%
- 6M
- 5.29%
- YTD
- 5.49%
- 1Y
- 8.12%
- 3Y*
- 5.78%
- 5Y*
- 6.07%
- 10Y*
- 4.24%
VAGY.DE vs. IS3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VAGY.DE Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating | 4.01% | -5.79% | 11.38% | 0.66% |
IS3F.DE iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 5.49% | -6.28% | 14.29% | 4.57% |
Correlation
The correlation between VAGY.DE and IS3F.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2023 | 0.84 |
The correlation between VAGY.DE and IS3F.DE has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.
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Return for Risk
VAGY.DE vs. IS3F.DE — Risk / Return Rank
VAGY.DE
IS3F.DE
VAGY.DE vs. IS3F.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating (VAGY.DE) and iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (IS3F.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VAGY.DE | IS3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 2.76 | -0.59 |
| Martin ratioReturn relative to average drawdown | 5.57 | 7.08 | -1.51 |
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Drawdowns
VAGY.DE vs. IS3F.DE - Drawdown Comparison
The maximum VAGY.DE drawdown since its inception was -10.58%, smaller than the maximum IS3F.DE drawdown of -27.25%. Use the drawdown chart below to compare losses from any high point for VAGY.DE and IS3F.DE.
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Drawdown Indicators
| VAGY.DE | IS3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.58% | -27.25% | +16.67% |
Max Drawdown (1Y)Largest decline over 1 year | -3.20% | -2.93% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -10.58% | -11.67% | +1.09% |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.78% | — |
Current DrawdownCurrent decline from peak | -4.19% | -3.40% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -8.18% | +4.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 1.14% | +0.11% |
Volatility
VAGY.DE vs. IS3F.DE - Volatility Comparison
The current volatility for Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating (VAGY.DE) is 1.53%, while iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (IS3F.DE) has a volatility of 1.90%. This indicates that VAGY.DE experiences smaller price fluctuations and is considered to be less risky than IS3F.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAGY.DE | IS3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 1.90% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 3.86% | 4.53% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.56% | 6.38% | -0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.44% | 7.66% | -1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.44% | 8.21% | -1.77% |
VAGY.DE vs. IS3F.DE - Expense Ratio Comparison
VAGY.DE has a 0.09% expense ratio, which is lower than IS3F.DE's 0.25% 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
VAGY.DE vs. IS3F.DE - Dividend Comparison
VAGY.DE has not paid dividends to shareholders, while IS3F.DE's dividend yield for the trailing twelve months is around 4.25%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3F.DE iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 4.25% | 4.77% | 5.36% | 4.95% | 2.10% | 1.50% | 2.62% | 3.52% | 2.81% | 2.25% | 2.36% | 3.21% |
VAGY.DE Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VAGY.DE and IS3F.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGY.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGY.DE is cheaper with a 0.09% expense ratio, compared with 0.25% for IS3F.DE.
VAGY.DE tracks Bloomberg Global Aggregate Corporate USD 1-3, while IS3F.DE tracks Markit iBoxx USD Liquid Investment Grade Interest Rate Hedged Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.09% for VAGY.DE and 0.25% for IS3F.DE.
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