VCPA.L vs. JEBP.L
VCPA.L (Vanguard USD Corporate Bond UCITS ETF Accumulating) and JEBP.L (JPM EUR IG Corporate Bond Active UCITS ETF GBP Hedged (Acc)) are both Corporate Bonds funds. VCPA.L is passively managed, while JEBP.L is actively managed. Over the past 3 years, VCPA.L returned 3.99%/yr vs 6.06%/yr for JEBP.L. At a 0.26 correlation, their price movements are largely independent. VCPA.L charges 0.09%/yr vs 0.04%/yr for JEBP.L.
Performance
VCPA.L vs. JEBP.L - Performance Comparison
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Returns By Period
In the year-to-date period, VCPA.L achieves a 0.02% return, which is significantly lower than JEBP.L's 1.36% return.
VCPA.L
- 1D
- 0.33%
- 1M
- -1.02%
- 6M
- -0.37%
- YTD
- 0.02%
- 1Y
- 4.16%
- 3Y*
- 3.99%
- 5Y*
- 0.76%
- 10Y*
- —
JEBP.L
- 1D
- -0.03%
- 1M
- -0.37%
- 6M
- 0.94%
- YTD
- 1.36%
- 1Y
- 3.33%
- 3Y*
- 6.06%
- 5Y*
- —
- 10Y*
- —
VCPA.L vs. JEBP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VCPA.L Vanguard USD Corporate Bond UCITS ETF Accumulating | 0.02% | 0.42% | 4.58% | 2.12% | -4.89% | -0.11% |
JEBP.L JPM EUR IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) | 1.36% | 5.22% | 5.89% | 9.18% | -12.18% | -0.52% |
Correlation
The correlation between VCPA.L and JEBP.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | 0.26 |
The correlation between VCPA.L and JEBP.L shifts across timeframes, from 0.13 (1 year) to 0.29 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
VCPA.L vs. JEBP.L — Risk / Return Rank
VCPA.L
JEBP.L
VCPA.L vs. JEBP.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 JPM EUR IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) (JEBP.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.
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.
| VCPA.L | JEBP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.22 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 1.24 | -0.35 |
| Martin ratioReturn relative to average drawdown | 2.09 | 4.79 | -2.69 |
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Drawdowns
VCPA.L vs. JEBP.L - Drawdown Comparison
The maximum VCPA.L drawdown since its inception was -24.70%, which is greater than JEBP.L's maximum drawdown of -15.49%. Use the drawdown chart below to compare losses from any high point for VCPA.L and JEBP.L.
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Drawdown Indicators
| VCPA.L | JEBP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.70% | -15.49% | -9.21% |
Max Drawdown (1Y)Largest decline over 1 year | -4.67% | -2.68% | -1.99% |
Max Drawdown (3Y)Largest decline over 3 years | -20.09% | -2.68% | -17.41% |
Max Drawdown (5Y)Largest decline over 5 years | -20.09% | — | — |
Current DrawdownCurrent decline from peak | -12.56% | -0.81% | -11.75% |
Average DrawdownAverage peak-to-trough decline | -13.95% | -4.90% | -9.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 0.69% | +1.29% |
Volatility
VCPA.L vs. JEBP.L - Volatility Comparison
Vanguard USD Corporate Bond UCITS ETF Accumulating (VCPA.L) has a higher volatility of 1.56% compared to JPM EUR IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) (JEBP.L) at 0.76%. This indicates that VCPA.L's price experiences larger fluctuations and is considered to be riskier than JEBP.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 | JEBP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 0.76% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 4.51% | 2.81% | +1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.08% | 3.12% | +2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.50% | 4.54% | +11.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.17% | 4.54% | +12.63% |
VCPA.L vs. JEBP.L - Expense Ratio Comparison
VCPA.L has a 0.09% expense ratio, which is higher than JEBP.L's 0.04% expense ratio. However, 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. JEBP.L - Dividend Comparison
Neither VCPA.L nor JEBP.L has paid dividends to shareholders.
Frequently Asked Questions
VCPA.L and JEBP.L have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JEBP.L is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEBP.L is cheaper with a 0.04% expense ratio, compared with 0.09% for VCPA.L.
They also come from different issuers: Vanguard and JPMorgan. Their fees differ too: 0.09% for VCPA.L and 0.04% for JEBP.L.
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