VCPA.L vs. XMBR.L
VCPA.L (Vanguard USD Corporate Bond UCITS ETF Accumulating) and XMBR.L (Xtrackers MSCI Brazil UCITS ETF 1C) are both exchange-traded funds - VCPA.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD, while XMBR.L is a Latin America Equities fund tracking the MSCI Brazil NR USD. Both are passively managed. Over the past 5 years, VCPA.L returned 0.76%/yr vs 6.09%/yr for XMBR.L. At a 0.05 correlation, their price movements are largely independent. VCPA.L charges 0.09%/yr vs 0.65%/yr for XMBR.L.
Performance
VCPA.L vs. XMBR.L - Performance Comparison
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Different Trading Currencies
VCPA.L is traded in GBP, while XMBR.L is traded in GBp. To make them comparable, the XMBR.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 0.02% return, which is significantly lower than XMBR.L's 12.22% 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*
- —
XMBR.L
- 1D
- -0.56%
- 1M
- 0.59%
- 6M
- 7.74%
- YTD
- 12.22%
- 1Y
- 34.03%
- 3Y*
- 8.65%
- 5Y*
- 6.09%
- 10Y*
- 6.16%
VCPA.L vs. XMBR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VCPA.L Vanguard USD Corporate Bond UCITS ETF Accumulating | 0.02% | 0.42% | 4.58% | 2.12% | -4.89% | 0.33% | 5.37% | -15.43% |
XMBR.L Xtrackers MSCI Brazil UCITS ETF 1C | 12.22% | 38.26% | -28.61% | 25.42% | 25.85% | -17.12% | -21.96% | 7.86% |
Correlation
The correlation between VCPA.L and XMBR.L is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2019 | 0.05 |
The correlation between VCPA.L and XMBR.L shifts across timeframes, from -0.05 (1 year) to 0.10 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
VCPA.L vs. XMBR.L — Risk / Return Rank
VCPA.L
XMBR.L
VCPA.L vs. XMBR.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 Xtrackers MSCI Brazil UCITS ETF 1C (XMBR.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 | XMBR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.28 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 1.89 | -1.00 |
| Martin ratioReturn relative to average drawdown | 2.09 | 4.95 | -2.86 |
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Drawdowns
VCPA.L vs. XMBR.L - Drawdown Comparison
The maximum VCPA.L drawdown since its inception was -24.70%, smaller than the maximum XMBR.L drawdown of -84.29%. Use the drawdown chart below to compare losses from any high point for VCPA.L and XMBR.L.
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Drawdown Indicators
| VCPA.L | XMBR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.70% | -84.29% | +59.59% |
Max Drawdown (1Y)Largest decline over 1 year | -4.67% | -17.94% | +13.27% |
Max Drawdown (3Y)Largest decline over 3 years | -20.09% | -40.25% | +20.16% |
Max Drawdown (5Y)Largest decline over 5 years | -20.09% | -40.25% | +20.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -53.50% | — |
Current DrawdownCurrent decline from peak | -12.56% | -42.35% | +29.79% |
Average DrawdownAverage peak-to-trough decline | -13.95% | -57.95% | +44.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 6.85% | -4.87% |
Volatility
VCPA.L vs. XMBR.L - Volatility Comparison
The current volatility for Vanguard USD Corporate Bond UCITS ETF Accumulating (VCPA.L) is 1.56%, while Xtrackers MSCI Brazil UCITS ETF 1C (XMBR.L) has a volatility of 4.47%. This indicates that VCPA.L experiences smaller price fluctuations and is considered to be less risky than XMBR.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 | XMBR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 4.47% | -2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 4.51% | 16.23% | -11.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.08% | 21.31% | -15.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.50% | 29.35% | -12.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.17% | 32.63% | -15.46% |
VCPA.L vs. XMBR.L - Expense Ratio Comparison
VCPA.L has a 0.09% expense ratio, which is lower than XMBR.L's 0.65% expense ratio.
Dividends
VCPA.L vs. XMBR.L - Dividend Comparison
Neither VCPA.L nor XMBR.L has paid dividends to shareholders.
Frequently Asked Questions
VCPA.L and XMBR.L have a correlation of -0.05, 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 0.65% for XMBR.L.
VCPA.L is categorized as Corporate Bonds, while XMBR.L is Latin America Equities. VCPA.L tracks Bloomberg US Corp Bond TR USD, while XMBR.L tracks MSCI Brazil NR USD. They also come from different issuers: Vanguard and Xtrackers. Their fees differ too: 0.09% for VCPA.L and 0.65% for XMBR.L.
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