VCPA.L vs. IGSD.L
VCPA.L (Vanguard USD Corporate Bond UCITS ETF Accumulating) and IGSD.L (iShares USD Short Duration Corporate Bond UCITS ETF (Dist)) are both Corporate Bonds funds - VCPA.L tracks the Bloomberg US Corp Bond TR USD while IGSD.L tracks the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 5 years, VCPA.L returned -59.47%/yr vs 4.01%/yr for IGSD.L. A 0.73 correlation means they provide meaningful diversification when combined. VCPA.L charges 0.09%/yr vs 0.20%/yr for IGSD.L.
Performance
VCPA.L vs. IGSD.L - Performance Comparison
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Returns By Period
In the year-to-date period, VCPA.L achieves a 0.51% return, which is significantly lower than IGSD.L's 1.02% return.
VCPA.L
- 1D
- 0.29%
- 1M
- 1.41%
- YTD
- 0.51%
- 6M
- 0.27%
- 1Y
- -98.93%
- 3Y*
- -77.87%
- 5Y*
- -59.47%
- 10Y*
- —
IGSD.L
- 1D
- 0.21%
- 1M
- 1.09%
- YTD
- 1.02%
- 6M
- 0.77%
- 1Y
- 5.80%
- 3Y*
- 3.32%
- 5Y*
- 4.01%
- 10Y*
- 3.88%
VCPA.L vs. IGSD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VCPA.L Vanguard USD Corporate Bond UCITS ETF Accumulating | 0.51% | -99.00% | 4.58% | 2.13% | -4.89% | -0.13% | 5.86% | 10.80% |
IGSD.L iShares USD Short Duration Corporate Bond UCITS ETF (Dist) | 1.02% | -0.44% | 7.51% | 0.40% | 7.27% | 0.80% | 1.22% | 4.70% |
Correlation
The correlation between VCPA.L and IGSD.L is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2019 | 0.73 |
The correlation between VCPA.L and IGSD.L has been stable across timeframes, ranging from 0.73 to 0.83 - a consistent structural relationship.
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Return for Risk
VCPA.L vs. IGSD.L — Risk / Return Rank
VCPA.L
IGSD.L
VCPA.L vs. IGSD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Corporate Bond UCITS ETF Accumulating (VCPA.L) and iShares USD Short Duration Corporate Bond UCITS ETF (Dist) (IGSD.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.
| VCPA.L | IGSD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 0.31 | 1.17 | -0.86 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 1.35 | -2.35 |
| Martin ratioReturn relative to average drawdown | -1.21 | 3.70 | -4.91 |
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
| VCPA.L | IGSD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.00 | 0.95 | -1.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -1.32 | 0.51 | -1.84 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.24 | 0.50 | -1.74 |
Drawdowns
VCPA.L vs. IGSD.L - Drawdown Comparison
The maximum VCPA.L drawdown since its inception was -99.06%, which is greater than IGSD.L's maximum drawdown of -14.83%. Use the drawdown chart below to compare losses from any high point for VCPA.L and IGSD.L.
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Drawdown Indicators
| VCPA.L | IGSD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.06% | -14.83% | -84.23% |
Max Drawdown (1Y)Largest decline over 1 year | -99.02% | -4.15% | -94.87% |
Max Drawdown (3Y)Largest decline over 3 years | -99.04% | -8.18% | -90.86% |
Max Drawdown (5Y)Largest decline over 5 years | -99.04% | -14.83% | -84.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.83% | — |
Current DrawdownCurrent decline from peak | -99.03% | -2.28% | -96.75% |
Average DrawdownAverage peak-to-trough decline | -17.55% | -5.17% | -12.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 81.78% | 1.52% | +80.26% |
Volatility
VCPA.L vs. IGSD.L - Volatility Comparison
Vanguard USD Corporate Bond UCITS ETF Accumulating (VCPA.L) and iShares USD Short Duration Corporate Bond UCITS ETF (Dist) (IGSD.L) have volatilities of 1.53% and 1.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCPA.L | IGSD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 1.60% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 4.41% | 4.32% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 98.63% | 5.91% | +92.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.54% | 7.82% | +37.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.64% | 9.13% | +31.51% |
VCPA.L vs. IGSD.L - Expense Ratio Comparison
VCPA.L has a 0.09% expense ratio, which is lower than IGSD.L's 0.20% 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
VCPA.L vs. IGSD.L - Dividend Comparison
VCPA.L has not paid dividends to shareholders, while IGSD.L's dividend yield for the trailing twelve months is around 5.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGSD.L iShares USD Short Duration Corporate Bond UCITS ETF (Dist) | 5.06% | 5.08% | 4.67% | 3.69% | 2.12% | 1.71% | 2.51% | 3.32% | 2.94% | 2.50% | 2.16% | 2.11% |
VCPA.L Vanguard USD Corporate 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
VCPA.L and IGSD.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VCPA.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VCPA.L is cheaper with a 0.09% expense ratio, compared with 0.20% for IGSD.L.
VCPA.L tracks Bloomberg US Corp Bond TR USD, while IGSD.L tracks Bloomberg US Corp 1-3 Yr TR USD. They also come from different issuers: Vanguard and BlackRock. Their fees differ too: 0.09% for VCPA.L and 0.20% for IGSD.L.
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