VECA.DE vs. IE3E.DE
VECA.DE (Vanguard EUR Corporate Bond UCITS ETF Accumulating) and IE3E.DE (iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR Acc) are both European Corporate Bonds funds - VECA.DE tracks the Bloomberg Euro Corp TR EUR while IE3E.DE tracks the Bloomberg MSCI Euro Corporate 0-3 Sustainable SRI. Both are passively managed. Over the past 3 years, VECA.DE returned 4.55%/yr vs 3.74%/yr for IE3E.DE. A 0.71 correlation means they provide meaningful diversification when combined. VECA.DE charges 0.09%/yr vs 0.12%/yr for IE3E.DE.
Performance
VECA.DE vs. IE3E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VECA.DE achieves a 0.53% return, which is significantly higher than IE3E.DE's 0.48% return.
VECA.DE
- 1D
- 0.10%
- 1M
- 0.30%
- YTD
- 0.53%
- 6M
- 0.60%
- 1Y
- 2.10%
- 3Y*
- 4.55%
- 5Y*
- 0.09%
- 10Y*
- —
IE3E.DE
- 1D
- 0.05%
- 1M
- 0.19%
- YTD
- 0.48%
- 6M
- 0.73%
- 1Y
- 1.92%
- 3Y*
- 3.74%
- 5Y*
- —
- 10Y*
- —
VECA.DE vs. IE3E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VECA.DE Vanguard EUR Corporate Bond UCITS ETF Accumulating | 0.53% | 2.98% | 4.38% | 7.53% | -5.70% |
IE3E.DE iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR Acc | 0.48% | 3.04% | 4.31% | 4.16% | -1.80% |
Correlation
The correlation between VECA.DE and IE3E.DE is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since May 30, 2022 | 0.71 |
The correlation between VECA.DE and IE3E.DE shifts across timeframes, from 0.59 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VECA.DE vs. IE3E.DE — Risk / Return Rank
VECA.DE
IE3E.DE
VECA.DE vs. IE3E.DE - 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 EUR Corporate Bond 0-3yr ESG UCITS ETF EUR Acc (IE3E.DE). 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.
| VECA.DE | IE3E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.25 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 1.86 | -1.17 |
| Martin ratioReturn relative to average drawdown | 2.35 | 7.32 | -4.97 |
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
| VECA.DE | IE3E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 1.25 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 1.57 | -1.37 |
Drawdowns
VECA.DE vs. IE3E.DE - Drawdown Comparison
The maximum VECA.DE drawdown since its inception was -17.21%, which is greater than IE3E.DE's maximum drawdown of -3.12%. Use the drawdown chart below to compare losses from any high point for VECA.DE and IE3E.DE.
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Drawdown Indicators
| VECA.DE | IE3E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.21% | -3.12% | -14.09% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -0.98% | -1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -2.63% | -0.98% | -1.65% |
Max Drawdown (5Y)Largest decline over 5 years | -17.21% | — | — |
Current DrawdownCurrent decline from peak | -0.99% | -0.08% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -0.55% | -4.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.25% | +0.52% |
Volatility
VECA.DE vs. IE3E.DE - Volatility Comparison
Vanguard EUR Corporate Bond UCITS ETF Accumulating (VECA.DE) has a higher volatility of 1.20% compared to iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR Acc (IE3E.DE) at 0.42%. This indicates that VECA.DE's price experiences larger fluctuations and is considered to be riskier than IE3E.DE 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 | IE3E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 0.42% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 1.31% | +1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.22% | 1.46% | +1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.48% | 1.59% | +2.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.72% | 1.59% | +3.13% |
VECA.DE vs. IE3E.DE - Expense Ratio Comparison
VECA.DE has a 0.09% expense ratio, which is lower than IE3E.DE'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%.
Dividends
VECA.DE vs. IE3E.DE - Dividend Comparison
Neither VECA.DE nor IE3E.DE has paid dividends to shareholders.
Frequently Asked Questions
VECA.DE and IE3E.DE have a correlation of 0.59, 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 0.12% for IE3E.DE.
VECA.DE tracks Bloomberg Euro Corp TR EUR, while IE3E.DE tracks Bloomberg MSCI Euro Corporate 0-3 Sustainable SRI. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.09% for VECA.DE and 0.12% for IE3E.DE.
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