VECA.DE vs. ESIH.L
VECA.DE (Vanguard EUR Corporate Bond UCITS ETF Accumulating) and ESIH.L (iShares MSCI Europe Health Care Sector UCITS ETF) are both exchange-traded funds - VECA.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR, while ESIH.L is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD. Both are passively managed. Over the past 5 years, VECA.DE returned 0.07%/yr vs 5.21%/yr for ESIH.L. At a 0.24 correlation, their price movements are largely independent. VECA.DE charges 0.09%/yr vs 0.18%/yr for ESIH.L.
Performance
VECA.DE vs. ESIH.L - Performance Comparison
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Different Trading Currencies
VECA.DE is traded in EUR, while ESIH.L is traded in GBP. To make them comparable, the ESIH.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VECA.DE achieves a 0.71% return, which is significantly higher than ESIH.L's 0.10% return.
VECA.DE
- 1D
- 0.26%
- 1M
- 0.60%
- YTD
- 0.71%
- 6M
- 1.02%
- 1Y
- 2.14%
- 3Y*
- 4.63%
- 5Y*
- 0.07%
- 10Y*
- —
ESIH.L
- 1D
- 0.74%
- 1M
- 2.34%
- YTD
- 0.10%
- 6M
- 1.71%
- 1Y
- 6.65%
- 3Y*
- 3.74%
- 5Y*
- 5.21%
- 10Y*
- —
VECA.DE vs. ESIH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VECA.DE Vanguard EUR Corporate Bond UCITS ETF Accumulating | 0.71% | 2.98% | 4.39% | 7.54% | -13.48% | -1.06% | 0.56% |
ESIH.L iShares MSCI Europe Health Care Sector UCITS ETF | 0.10% | 6.89% | 4.25% | 7.70% | -3.68% | 24.70% | -10.79% |
Correlation
The correlation between VECA.DE and ESIH.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2020 | 0.24 |
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Return for Risk
VECA.DE vs. ESIH.L — Risk / Return Rank
VECA.DE
ESIH.L
VECA.DE vs. ESIH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard EUR Corporate Bond UCITS ETF Accumulating (VECA.DE) and iShares MSCI Europe Health Care Sector UCITS ETF (ESIH.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.
| VECA.DE | ESIH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.07 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | 0.42 | +0.24 |
| Martin ratioReturn relative to average drawdown | 2.26 | 0.95 | +1.31 |
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Drawdowns
VECA.DE vs. ESIH.L - Drawdown Comparison
The maximum VECA.DE drawdown since its inception was -17.20%, smaller than the maximum ESIH.L drawdown of -25.57%. Use the drawdown chart below to compare losses from any high point for VECA.DE and ESIH.L.
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Drawdown Indicators
| VECA.DE | ESIH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.20% | -25.57% | +8.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.64% | -12.83% | +10.19% |
Max Drawdown (3Y)Largest decline over 3 years | -2.64% | -25.57% | +22.93% |
Max Drawdown (5Y)Largest decline over 5 years | -17.20% | -25.57% | +8.37% |
Current DrawdownCurrent decline from peak | -0.80% | -9.32% | +8.52% |
Average DrawdownAverage peak-to-trough decline | -5.12% | -8.20% | +3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 5.51% | -4.73% |
Volatility
VECA.DE vs. ESIH.L - Volatility Comparison
The current volatility for Vanguard EUR Corporate Bond UCITS ETF Accumulating (VECA.DE) is 1.18%, while iShares MSCI Europe Health Care Sector UCITS ETF (ESIH.L) has a volatility of 5.06%. This indicates that VECA.DE experiences smaller price fluctuations and is considered to be less risky than ESIH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VECA.DE | ESIH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 5.06% | -3.88% |
Volatility (6M)Calculated over the trailing 6-month period | 2.80% | 11.96% | -9.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.24% | 16.91% | -13.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.48% | 17.75% | -13.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.71% | 18.00% | -13.29% |
VECA.DE vs. ESIH.L - Expense Ratio Comparison
VECA.DE has a 0.09% expense ratio, which is lower than ESIH.L's 0.18% 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%.
Dividends
VECA.DE vs. ESIH.L - Dividend Comparison
Neither VECA.DE nor ESIH.L has paid dividends to shareholders.
Frequently Asked Questions
VECA.DE and ESIH.L have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VECA.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VECA.DE is cheaper with a 0.09% expense ratio, compared with 0.18% for ESIH.L.
VECA.DE is categorized as European Corporate Bonds, while ESIH.L is Health & Biotech Equities. VECA.DE tracks Bloomberg Euro Corp TR EUR, while ESIH.L tracks MSCI World/Health Care NR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.09% for VECA.DE and 0.18% for ESIH.L.
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