VECP.DE vs. EHBA.DE
VECP.DE (Vanguard EUR Corporate Bond UCITS ETF Distributing) and EHBA.DE (Invesco Euro Corporate Hybrid Bond UCITS ETF Acc) are both European Corporate Bonds funds - VECP.DE tracks the Bloomberg Euro Corp TR EUR while EHBA.DE tracks the Bloomberg Euro Universal Corporate ex Financials Hybrid Capital Securities 8% Capped Bond Index. Both are passively managed. Over the past 5 years, VECP.DE returned -0.12%/yr vs 1.70%/yr for EHBA.DE. At a 0.44 correlation, their price movements are largely independent. VECP.DE charges 0.09%/yr vs 0.39%/yr for EHBA.DE.
Performance
VECP.DE vs. EHBA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VECP.DE achieves a 0.32% return, which is significantly lower than EHBA.DE's 0.88% return.
VECP.DE
- 1D
- -0.10%
- 1M
- -0.51%
- 6M
- -0.10%
- YTD
- 0.32%
- 1Y
- 1.26%
- 3Y*
- 4.21%
- 5Y*
- -0.12%
- 10Y*
- —
EHBA.DE
- 1D
- -0.04%
- 1M
- -0.13%
- 6M
- 0.24%
- YTD
- 0.88%
- 1Y
- 2.92%
- 3Y*
- 7.84%
- 5Y*
- 1.70%
- 10Y*
- —
VECP.DE vs. EHBA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VECP.DE Vanguard EUR Corporate Bond UCITS ETF Distributing | 0.32% | 3.02% | 4.33% | 7.51% | -13.44% | -0.99% | 2.01% |
EHBA.DE Invesco Euro Corporate Hybrid Bond UCITS ETF Acc | 0.88% | 5.24% | 10.78% | 9.40% | -14.85% | 1.16% | 3.63% |
Correlation
The correlation between VECP.DE and EHBA.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.44 |
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Return for Risk
VECP.DE vs. EHBA.DE — Risk / Return Rank
VECP.DE
EHBA.DE
VECP.DE vs. EHBA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.DE) and Invesco Euro Corporate Hybrid Bond UCITS ETF Acc (EHBA.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.
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.
| VECP.DE | EHBA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.13 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 0.76 | -0.35 |
| Martin ratioReturn relative to average drawdown | 1.35 | 2.66 | -1.31 |
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Drawdowns
VECP.DE vs. EHBA.DE - Drawdown Comparison
The maximum VECP.DE drawdown since its inception was -17.13%, smaller than the maximum EHBA.DE drawdown of -20.61%. Use the drawdown chart below to compare losses from any high point for VECP.DE and EHBA.DE.
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Drawdown Indicators
| VECP.DE | EHBA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.13% | -20.61% | +3.48% |
Max Drawdown (1Y)Largest decline over 1 year | -2.64% | -3.72% | +1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -2.64% | -3.72% | +1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -17.13% | -20.61% | +3.48% |
Current DrawdownCurrent decline from peak | -1.21% | -1.06% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -4.49% | -5.49% | +1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 1.06% | -0.27% |
Volatility
VECP.DE vs. EHBA.DE - Volatility Comparison
The current volatility for Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.DE) is 0.86%, while Invesco Euro Corporate Hybrid Bond UCITS ETF Acc (EHBA.DE) has a volatility of 1.07%. This indicates that VECP.DE experiences smaller price fluctuations and is considered to be less risky than EHBA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VECP.DE | EHBA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 1.07% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 3.68% | -0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.25% | 4.20% | -0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.52% | 5.04% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.06% | 4.82% | +0.24% |
VECP.DE vs. EHBA.DE - Expense Ratio Comparison
VECP.DE has a 0.09% expense ratio, which is lower than EHBA.DE's 0.39% expense ratio.
Dividends
VECP.DE vs. EHBA.DE - Dividend Comparison
VECP.DE's dividend yield for the trailing twelve months is around 3.37%, while EHBA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EHBA.DE Invesco Euro Corporate Hybrid Bond UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VECP.DE Vanguard EUR Corporate Bond UCITS ETF Distributing | 3.37% | 3.43% | 3.37% | 2.81% | 1.04% | 0.61% | 0.60% | 0.79% | 0.97% | 0.19% |
Frequently Asked Questions
VECP.DE and EHBA.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VECP.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VECP.DE is cheaper with a 0.09% expense ratio, compared with 0.39% for EHBA.DE.
VECP.DE tracks Bloomberg Euro Corp TR EUR, while EHBA.DE tracks Bloomberg Euro Universal Corporate ex Financials Hybrid Capital Securities 8% Capped Bond Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.09% for VECP.DE and 0.39% for EHBA.DE.
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