VECA.L vs. IS15.L
VECA.L (Vanguard EUR Corporate Bond UCITS ETF Accumulating) and IS15.L (iShares GBP Corporate Bond 0-5yr UCITS ETF) are both European Corporate Bonds funds - VECA.L tracks the Bloomberg Euro Corp TR EUR while IS15.L tracks the Markit iBoxx GBP NonGilts 1-5 TR. Both are passively managed. Over the past 5 years, VECA.L returned 0.22%/yr vs 2.33%/yr for IS15.L. At a 0.34 correlation, their price movements are largely independent. VECA.L charges 0.09%/yr vs 0.20%/yr for IS15.L.
Performance
VECA.L vs. IS15.L - Performance Comparison
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Returns By Period
In the year-to-date period, VECA.L achieves a -0.43% return, which is significantly lower than IS15.L's 0.59% 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*
- —
IS15.L
- 1D
- -0.19%
- 1M
- 0.81%
- YTD
- 0.59%
- 6M
- 1.03%
- 1Y
- 4.47%
- 3Y*
- 6.08%
- 5Y*
- 2.33%
- 10Y*
- 2.28%
VECA.L vs. IS15.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% |
IS15.L iShares GBP Corporate Bond 0-5yr UCITS ETF | 0.59% | 6.24% | 4.89% | 7.16% | -6.09% | -0.84% | 3.38% | 3.47% |
Correlation
The correlation between VECA.L and IS15.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.34 |
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Return for Risk
VECA.L vs. IS15.L — Risk / Return Rank
VECA.L
IS15.L
VECA.L vs. IS15.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 iShares GBP Corporate Bond 0-5yr UCITS ETF (IS15.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 | IS15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.38 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 2.36 | -1.16 |
| Martin ratioReturn relative to average drawdown | 3.07 | 9.07 | -6.01 |
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 | IS15.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.77 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.70 | -0.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.87 | -0.75 |
Drawdowns
VECA.L vs. IS15.L - Drawdown Comparison
The maximum VECA.L drawdown since its inception was -21.36%, which is greater than IS15.L's maximum drawdown of -12.18%. Use the drawdown chart below to compare losses from any high point for VECA.L and IS15.L.
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Drawdown Indicators
| VECA.L | IS15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.36% | -12.18% | -9.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.89% | -1.94% | -1.95% |
Max Drawdown (3Y)Largest decline over 3 years | -3.89% | -1.94% | -1.95% |
Max Drawdown (5Y)Largest decline over 5 years | -16.71% | -12.18% | -4.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.18% | — |
Current DrawdownCurrent decline from peak | -6.05% | -0.30% | -5.75% |
Average DrawdownAverage peak-to-trough decline | -10.13% | -1.12% | -9.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 0.50% | +1.02% |
Volatility
VECA.L vs. IS15.L - Volatility Comparison
Vanguard EUR Corporate Bond UCITS ETF Accumulating (VECA.L) has a higher volatility of 1.48% compared to iShares GBP Corporate Bond 0-5yr UCITS ETF (IS15.L) at 1.02%. This indicates that VECA.L's price experiences larger fluctuations and is considered to be riskier than IS15.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.L | IS15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 1.02% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 2.32% | +1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.76% | 2.58% | +2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.16% | 3.30% | +2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.93% | 3.13% | +3.80% |
VECA.L vs. IS15.L - Expense Ratio Comparison
VECA.L has a 0.09% expense ratio, which is lower than IS15.L's 0.20% 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. IS15.L - Dividend Comparison
VECA.L has not paid dividends to shareholders, while IS15.L's dividend yield for the trailing twelve months is around 4.54%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS15.L iShares GBP Corporate Bond 0-5yr UCITS ETF | 4.54% | 4.35% | 4.06% | 3.05% | 1.80% | 1.72% | 1.81% | 2.03% | 2.08% | 2.15% | 2.55% | 2.91% |
VECA.L 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% |
Frequently Asked Questions
VECA.L and IS15.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.20% for IS15.L.
VECA.L tracks Bloomberg Euro Corp TR EUR, while IS15.L tracks Markit iBoxx GBP NonGilts 1-5 TR. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.09% for VECA.L and 0.20% for IS15.L.
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