VECA.L vs. CRPX.L
VECA.L (Vanguard EUR Corporate Bond UCITS ETF Accumulating) and CRPX.L (Amundi EUR Corporate Bond Climate Net Zero Ambition PAB UCITS ETF Acc) are both European Corporate Bonds funds tracking the Bloomberg Euro Corp TR EUR, from Vanguard and Amundi respectively. Both are passively managed. Over the past 5 years, VECA.L returned 0.22%/yr vs 0.04%/yr for CRPX.L. With a 0.97 correlation, they move nearly in lockstep. VECA.L charges 0.09%/yr vs 0.14%/yr for CRPX.L.
Performance
VECA.L vs. CRPX.L - Performance Comparison
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Different Trading Currencies
VECA.L is traded in GBP, while CRPX.L is traded in GBp. To make them comparable, the CRPX.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VECA.L achieves a -0.43% return, which is significantly higher than CRPX.L's -0.58% return.
VECA.L
- 1D
- 0.26%
- 1M
- 1.04%
- YTD
- -0.43%
- 6M
- -0.45%
- 1Y
- 4.67%
- 3Y*
- 4.66%
- 5Y*
- 0.22%
- 10Y*
- —
CRPX.L
- 1D
- 0.24%
- 1M
- 0.97%
- YTD
- -0.58%
- 6M
- -0.54%
- 1Y
- 4.55%
- 3Y*
- 4.46%
- 5Y*
- 0.04%
- 10Y*
- 1.71%
VECA.L vs. CRPX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VECA.L Vanguard EUR Corporate Bond UCITS ETF Accumulating | -0.43% | 8.38% | -0.39% | 5.47% | -8.55% | -7.48% | 8.32% | 2.29% |
CRPX.L Amundi EUR Corporate Bond Climate Net Zero Ambition PAB UCITS ETF Acc | -0.58% | 8.33% | -0.65% | 4.98% | -8.55% | -7.58% | 8.23% | 2.11% |
Correlation
The correlation between VECA.L and CRPX.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.97 |
The correlation between VECA.L and CRPX.L has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
VECA.L vs. CRPX.L — Risk / Return Rank
VECA.L
CRPX.L
VECA.L vs. CRPX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard EUR Corporate Bond UCITS ETF Accumulating (VECA.L) and Amundi EUR Corporate Bond Climate Net Zero Ambition PAB UCITS ETF Acc (CRPX.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.
| VECA.L | CRPX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.16 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 1.15 | +0.04 |
| Martin ratioReturn relative to average drawdown | 3.07 | 3.01 | +0.06 |
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.L | CRPX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 0.93 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.01 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.31 | -0.18 |
Drawdowns
VECA.L vs. CRPX.L - Drawdown Comparison
The maximum VECA.L drawdown since its inception was -21.36%, roughly equal to the maximum CRPX.L drawdown of -21.40%. Use the drawdown chart below to compare losses from any high point for VECA.L and CRPX.L.
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Drawdown Indicators
| VECA.L | CRPX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.36% | -21.40% | +0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -3.89% | -3.94% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -3.89% | -3.94% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -16.71% | -16.71% | 0.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.40% | — |
Current DrawdownCurrent decline from peak | -6.05% | -6.95% | +0.90% |
Average DrawdownAverage peak-to-trough decline | -10.13% | -8.36% | -1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 1.51% | +0.01% |
Volatility
VECA.L vs. CRPX.L - Volatility Comparison
Vanguard EUR Corporate Bond UCITS ETF Accumulating (VECA.L) and Amundi EUR Corporate Bond Climate Net Zero Ambition PAB UCITS ETF Acc (CRPX.L) have volatilities of 1.48% and 1.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VECA.L | CRPX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 1.48% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 3.66% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.76% | 4.85% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.16% | 6.21% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.93% | 7.94% | -1.01% |
VECA.L vs. CRPX.L - Expense Ratio Comparison
VECA.L has a 0.09% expense ratio, which is lower than CRPX.L's 0.14% 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.L vs. CRPX.L - Dividend Comparison
Neither VECA.L nor CRPX.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, VECA.L and CRPX.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VECA.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VECA.L is cheaper with a 0.09% expense ratio, compared with 0.14% for CRPX.L.
Both ETFs track Bloomberg Euro Corp TR EUR. They also come from different issuers: Vanguard and Amundi. Their fees differ too: 0.09% for VECA.L and 0.14% for CRPX.L.
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