VCPA.L vs. IJPN.L
VCPA.L (Vanguard USD Corporate Bond UCITS ETF Accumulating) and IJPN.L (iShares MSCI Japan UCITS ETF (Dist)) are both exchange-traded funds - VCPA.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD, while IJPN.L is a Japan Equities fund tracking the TOPIX TR JPY. Both are passively managed. Over the past 5 years, VCPA.L returned -59.47%/yr vs 10.52%/yr for IJPN.L. At a 0.12 correlation, their price movements are largely independent. VCPA.L charges 0.09%/yr vs 0.59%/yr for IJPN.L.
Performance
VCPA.L vs. IJPN.L - Performance Comparison
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Different Trading Currencies
VCPA.L is traded in GBP, while IJPN.L is traded in GBp. To make them comparable, the IJPN.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VCPA.L achieves a 0.51% return, which is significantly lower than IJPN.L's 16.83% 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*
- —
IJPN.L
- 1D
- -0.35%
- 1M
- 6.24%
- YTD
- 16.83%
- 6M
- 16.02%
- 1Y
- 34.98%
- 3Y*
- 16.17%
- 5Y*
- 10.52%
- 10Y*
- 10.48%
VCPA.L vs. IJPN.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% |
IJPN.L iShares MSCI Japan UCITS ETF (Dist) | 16.83% | 18.18% | 9.39% | 14.03% | -7.13% | 2.20% | 12.46% | 10.77% |
Correlation
The correlation between VCPA.L and IJPN.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2019 | 0.12 |
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Return for Risk
VCPA.L vs. IJPN.L — Risk / Return Rank
VCPA.L
IJPN.L
VCPA.L vs. IJPN.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 MSCI Japan UCITS ETF (Dist) (IJPN.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 | IJPN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.88 | ||
| Sortino ratioReturn per unit of downside risk | -3.64 | ||
| Omega ratioGain probability vs. loss probability | 0.31 | 1.36 | -1.05 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 3.22 | -4.22 |
| Martin ratioReturn relative to average drawdown | -1.21 | 10.52 | -11.73 |
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 | IJPN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.00 | 1.88 | -2.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -1.32 | 0.66 | -1.98 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.24 | 0.42 | -1.65 |
Drawdowns
VCPA.L vs. IJPN.L - Drawdown Comparison
The maximum VCPA.L drawdown since its inception was -99.06%, which is greater than IJPN.L's maximum drawdown of -39.73%. Use the drawdown chart below to compare losses from any high point for VCPA.L and IJPN.L.
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Drawdown Indicators
| VCPA.L | IJPN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.06% | -39.73% | -59.33% |
Max Drawdown (1Y)Largest decline over 1 year | -99.02% | -10.80% | -88.22% |
Max Drawdown (3Y)Largest decline over 3 years | -99.04% | -14.09% | -84.95% |
Max Drawdown (5Y)Largest decline over 5 years | -99.04% | -18.57% | -80.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.34% | — |
Current DrawdownCurrent decline from peak | -99.03% | -0.35% | -98.68% |
Average DrawdownAverage peak-to-trough decline | -17.55% | -10.09% | -7.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 81.78% | 3.32% | +78.46% |
Volatility
VCPA.L vs. IJPN.L - Volatility Comparison
The current volatility for Vanguard USD Corporate Bond UCITS ETF Accumulating (VCPA.L) is 1.53%, while iShares MSCI Japan UCITS ETF (Dist) (IJPN.L) has a volatility of 3.88%. This indicates that VCPA.L experiences smaller price fluctuations and is considered to be less risky than IJPN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCPA.L | IJPN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 3.88% | -2.35% |
Volatility (6M)Calculated over the trailing 6-month period | 4.41% | 15.00% | -10.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 98.63% | 18.54% | +80.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.54% | 15.88% | +29.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.64% | 15.98% | +24.66% |
VCPA.L vs. IJPN.L - Expense Ratio Comparison
VCPA.L has a 0.09% expense ratio, which is lower than IJPN.L's 0.59% expense ratio.
Dividends
VCPA.L vs. IJPN.L - Dividend Comparison
VCPA.L has not paid dividends to shareholders, while IJPN.L's dividend yield for the trailing twelve months is around 2.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJPN.L iShares MSCI Japan UCITS ETF (Dist) | 2.03% | 2.25% | 1.95% | 1.81% | 2.10% | 1.66% | 1.75% | 1.90% | 1.89% | 1.53% | 1.55% | 0.87% |
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 IJPN.L have a correlation of 0.11, 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 0.59% for IJPN.L.
VCPA.L is categorized as Corporate Bonds, while IJPN.L is Japan Equities. VCPA.L tracks Bloomberg US Corp Bond TR USD, while IJPN.L tracks TOPIX TR JPY. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.09% for VCPA.L and 0.59% for IJPN.L.
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