VDCA.L vs. BNKE.L
VDCA.L (Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD Accumulation) and BNKE.L (Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc) are both exchange-traded funds - VDCA.L is a Short-Term Bond fund tracking the Bloomberg Global Aggregate Corporate - United States Dollar Index 1-3 Year, while BNKE.L is a Financials Equities fund tracking the MSCI World/Financials NR USD. Both are passively managed. Over the past 5 years, VDCA.L returned 2.68%/yr vs 33.89%/yr for BNKE.L. At a 0.05 correlation, their price movements are largely independent. VDCA.L charges 0.09%/yr vs 0.30%/yr for BNKE.L.
Performance
VDCA.L vs. BNKE.L - Performance Comparison
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Different Trading Currencies
VDCA.L is traded in USD, while BNKE.L is traded in GBP. To make them comparable, the BNKE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VDCA.L achieves a 1.21% return, which is significantly lower than BNKE.L's 14.30% return.
VDCA.L
- 1D
- 0.16%
- 1M
- 0.13%
- 6M
- 1.16%
- YTD
- 1.21%
- 1Y
- 4.12%
- 3Y*
- 5.28%
- 5Y*
- 2.68%
- 10Y*
- —
BNKE.L
- 1D
- 0.09%
- 1M
- 4.53%
- 6M
- 11.67%
- YTD
- 14.30%
- 1Y
- 52.44%
- 3Y*
- 48.54%
- 5Y*
- 33.89%
- 10Y*
- —
VDCA.L vs. BNKE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VDCA.L Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD Accumulation | 1.21% | 5.87% | 5.55% | 5.39% | -3.80% | -0.21% | 3.56% | 1.71% |
BNKE.L Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc | 14.30% | 115.03% | 23.11% | 34.49% | -4.65% | 29.97% | -15.62% | 9.10% |
Correlation
The correlation between VDCA.L and BNKE.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2019 | 0.05 |
The correlation between VDCA.L and BNKE.L shifts across timeframes, from 0.05 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VDCA.L vs. BNKE.L — Risk / Return Rank
VDCA.L
BNKE.L
VDCA.L vs. BNKE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD Accumulation (VDCA.L) and Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc (BNKE.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.
| VDCA.L | BNKE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.35 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 5.16 | 2.71 | +2.45 |
| Martin ratioReturn relative to average drawdown | 19.28 | 8.52 | +10.76 |
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Drawdowns
VDCA.L vs. BNKE.L - Drawdown Comparison
The maximum VDCA.L drawdown since its inception was -9.85%, smaller than the maximum BNKE.L drawdown of -51.47%. Use the drawdown chart below to compare losses from any high point for VDCA.L and BNKE.L.
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Drawdown Indicators
| VDCA.L | BNKE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.85% | -51.47% | +41.62% |
Max Drawdown (1Y)Largest decline over 1 year | -0.79% | -19.22% | +18.43% |
Max Drawdown (3Y)Largest decline over 3 years | -1.14% | -20.19% | +19.05% |
Max Drawdown (5Y)Largest decline over 5 years | -6.43% | -42.24% | +35.81% |
Current DrawdownCurrent decline from peak | -0.05% | -1.15% | +1.10% |
Average DrawdownAverage peak-to-trough decline | -1.05% | -11.46% | +10.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 6.14% | -5.93% |
Volatility
VDCA.L vs. BNKE.L - Volatility Comparison
The current volatility for Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD Accumulation (VDCA.L) is 0.63%, while Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc (BNKE.L) has a volatility of 5.70%. This indicates that VDCA.L experiences smaller price fluctuations and is considered to be less risky than BNKE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VDCA.L | BNKE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 5.70% | -5.07% |
Volatility (6M)Calculated over the trailing 6-month period | 1.32% | 20.98% | -19.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.68% | 24.86% | -23.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.14% | 28.08% | -25.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.45% | 31.77% | -28.32% |
VDCA.L vs. BNKE.L - Expense Ratio Comparison
VDCA.L has a 0.09% expense ratio, which is lower than BNKE.L's 0.30% expense ratio.
Dividends
VDCA.L vs. BNKE.L - Dividend Comparison
Neither VDCA.L nor BNKE.L has paid dividends to shareholders.
Frequently Asked Questions
VDCA.L and BNKE.L have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VDCA.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDCA.L is cheaper with a 0.09% expense ratio, compared with 0.30% for BNKE.L.
VDCA.L is categorized as Short-Term Bond, while BNKE.L is Financials Equities. VDCA.L tracks Bloomberg Global Aggregate Corporate - United States Dollar Index 1-3 Year, while BNKE.L tracks MSCI World/Financials NR USD. They also come from different issuers: Vanguard and Amundi. Their fees differ too: 0.09% for VDCA.L and 0.30% for BNKE.L.
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