VECA.DE vs. X03B.DE
VECA.DE (Vanguard EUR Corporate Bond UCITS ETF Accumulating) and X03B.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) are both exchange-traded funds - VECA.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR, while X03B.DE is a European Government Bonds fund tracking the iBoxx® EUR Eurozone 1-3. Both are passively managed. Over the past 5 years, VECA.DE returned 0.09%/yr vs 0.68%/yr for X03B.DE. A 0.69 correlation means they provide meaningful diversification when combined. VECA.DE charges 0.09%/yr vs 0.15%/yr for X03B.DE.
Performance
VECA.DE vs. X03B.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 X03B.DE's 0.05% 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*
- —
X03B.DE
- 1D
- 0.04%
- 1M
- 0.05%
- YTD
- 0.05%
- 6M
- 0.20%
- 1Y
- 0.95%
- 3Y*
- 2.63%
- 5Y*
- 0.68%
- 10Y*
- 0.23%
VECA.DE vs. X03B.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VECA.DE Vanguard EUR Corporate Bond UCITS ETF Accumulating | 0.53% | 2.98% | 4.38% | 7.53% | -13.48% | -1.05% | 2.50% | 4.88% |
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.05% | 2.25% | 3.05% | 3.35% | -4.64% | -0.79% | -0.13% | 0.24% |
Correlation
The correlation between VECA.DE and X03B.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.69 |
The correlation between VECA.DE and X03B.DE has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.
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Return for Risk
VECA.DE vs. X03B.DE — Risk / Return Rank
VECA.DE
X03B.DE
VECA.DE vs. X03B.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 Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.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 | X03B.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.13 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 0.63 | +0.05 |
| Martin ratioReturn relative to average drawdown | 2.35 | 2.04 | +0.31 |
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 | X03B.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 0.62 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.41 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.57 | -0.38 |
Drawdowns
VECA.DE vs. X03B.DE - Drawdown Comparison
The maximum VECA.DE drawdown since its inception was -17.21%, which is greater than X03B.DE's maximum drawdown of -6.78%. Use the drawdown chart below to compare losses from any high point for VECA.DE and X03B.DE.
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Drawdown Indicators
| VECA.DE | X03B.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.21% | -6.78% | -10.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -1.28% | -1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -2.63% | -1.28% | -1.35% |
Max Drawdown (5Y)Largest decline over 5 years | -17.21% | -5.67% | -11.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.78% | — |
Current DrawdownCurrent decline from peak | -0.99% | -0.51% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -1.19% | -3.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.40% | +0.37% |
Volatility
VECA.DE vs. X03B.DE - Volatility Comparison
Vanguard EUR Corporate Bond UCITS ETF Accumulating (VECA.DE) has a higher volatility of 1.20% compared to Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.DE) at 0.50%. This indicates that VECA.DE's price experiences larger fluctuations and is considered to be riskier than X03B.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 | X03B.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 0.50% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 1.20% | +1.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.22% | 1.30% | +1.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.48% | 1.63% | +2.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.72% | 1.32% | +3.40% |
VECA.DE vs. X03B.DE - Expense Ratio Comparison
VECA.DE has a 0.09% expense ratio, which is lower than X03B.DE's 0.15% 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. X03B.DE - Dividend Comparison
VECA.DE has not paid dividends to shareholders, while X03B.DE's dividend yield for the trailing twelve months is around 1.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VECA.DE Vanguard EUR Corporate Bond UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 1.53% | 1.39% | 0.98% | 0.28% | 0.12% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% | 0.66% |
Frequently Asked Questions
VECA.DE and X03B.DE have a correlation of 0.78, 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 0.15% for X03B.DE.
VECA.DE is categorized as European Corporate Bonds, while X03B.DE is European Government Bonds. VECA.DE tracks Bloomberg Euro Corp TR EUR, while X03B.DE tracks iBoxx® EUR Eurozone 1-3. They also come from different issuers: Vanguard and Xtrackers. Their fees differ too: 0.09% for VECA.DE and 0.15% for X03B.DE.
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