VCPA.L vs. VHVE.L
Compare and contrast key facts about Vanguard USD Corporate Bond UCITS ETF Accumulating (VCPA.L) and Vanguard FTSE Developed World UCITS ETF USD Acc (VHVE.L).
VCPA.L and VHVE.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VCPA.L is a passively managed fund by Vanguard that tracks the performance of the Bloomberg US Corp Bond TR USD. It was launched on Feb 19, 2019. VHVE.L is a passively managed fund by Vanguard that tracks the performance of the FTSE Developed. It was launched on Sep 24, 2019. Both VCPA.L and VHVE.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
VCPA.L vs. VHVE.L - Performance Comparison
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VCPA.L vs. VHVE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VCPA.L Vanguard USD Corporate Bond UCITS ETF Accumulating | 0.56% | -99.00% | 4.58% | 2.13% | -4.89% | -0.13% | 5.86% | -4.88% |
VHVE.L Vanguard FTSE Developed World UCITS ETF USD Acc | -0.13% | 13.48% | 19.99% | 18.43% | -8.32% | 22.29% | 13.10% | 0.87% |
Different Trading Currencies
VCPA.L is traded in GBP, while VHVE.L is traded in USD. To make them comparable, the VHVE.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 0.56% return, which is significantly higher than VHVE.L's -0.13% return.
VCPA.L
- 1D
- -0.38%
- 1M
- -0.38%
- YTD
- 0.56%
- 6M
- 1.77%
- 1Y
- -98.98%
- 3Y*
- -77.92%
- 5Y*
- -59.56%
- 10Y*
- —
VHVE.L
- 1D
- 2.66%
- 1M
- -2.94%
- YTD
- -0.13%
- 6M
- 3.78%
- 1Y
- 18.94%
- 3Y*
- 15.19%
- 5Y*
- 11.48%
- 10Y*
- —
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VCPA.L vs. VHVE.L - Expense Ratio Comparison
VCPA.L has a 0.09% expense ratio, which is lower than VHVE.L's 0.12% 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%.
Return for Risk
VCPA.L vs. VHVE.L — Risk / Return Rank
VCPA.L
VHVE.L
VCPA.L vs. VHVE.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 Vanguard FTSE Developed World UCITS ETF USD Acc (VHVE.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 | VHVE.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.00 | 1.29 | -2.29 |
Sortino ratioReturn per unit of downside risk | -0.97 | 1.81 | -2.78 |
Omega ratioGain probability vs. loss probability | 0.32 | 1.26 | -0.95 |
Calmar ratioReturn relative to maximum drawdown | -1.00 | 2.86 | -3.85 |
Martin ratioReturn relative to average drawdown | -1.39 | 10.53 | -11.92 |
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 | VHVE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.00 | 1.29 | -2.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -1.32 | 0.80 | -2.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.24 | 0.72 | -1.96 |
Correlation
The correlation between VCPA.L and VHVE.L is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
VCPA.L vs. VHVE.L - Dividend Comparison
Neither VCPA.L nor VHVE.L has paid dividends to shareholders.
Drawdowns
VCPA.L vs. VHVE.L - Drawdown Comparison
The maximum VCPA.L drawdown since its inception was -99.06%, which is greater than VHVE.L's maximum drawdown of -25.61%. Use the drawdown chart below to compare losses from any high point for VCPA.L and VHVE.L.
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Drawdown Indicators
| VCPA.L | VHVE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.06% | -33.60% | -65.46% |
Max Drawdown (1Y)Largest decline over 1 year | -99.02% | -11.15% | -87.87% |
Max Drawdown (5Y)Largest decline over 5 years | -99.04% | -26.08% | -72.96% |
Current DrawdownCurrent decline from peak | -99.03% | -5.34% | -93.69% |
Average DrawdownAverage peak-to-trough decline | -15.34% | -5.47% | -9.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 71.14% | 2.11% | +69.03% |
Volatility
VCPA.L vs. VHVE.L - Volatility Comparison
The current volatility for Vanguard USD Corporate Bond UCITS ETF Accumulating (VCPA.L) is 1.90%, while Vanguard FTSE Developed World UCITS ETF USD Acc (VHVE.L) has a volatility of 5.61%. This indicates that VCPA.L experiences smaller price fluctuations and is considered to be less risky than VHVE.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 | VHVE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.90% | 5.61% | -3.71% |
Volatility (6M)Calculated over the trailing 6-month period | 4.45% | 9.13% | -4.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 98.71% | 14.64% | +84.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.56% | 14.31% | +31.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.18% | 16.38% | +24.80% |