VECP.DE vs. EL49.DE
VECP.DE (Vanguard EUR Corporate Bond UCITS ETF Distributing) and EL49.DE (Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF) are both European Corporate Bonds funds - VECP.DE tracks the Bloomberg Euro Corp TR EUR while EL49.DE tracks the iBoxx® EUR Liquid Corporates Diversified. Both are passively managed. Over the past 5 years, VECP.DE returned 0.20%/yr vs -0.16%/yr for EL49.DE. A 0.80 correlation means they provide meaningful diversification when combined. VECP.DE charges 0.09%/yr vs 0.20%/yr for EL49.DE.
Performance
VECP.DE vs. EL49.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VECP.DE achieves a 0.52% return, which is significantly higher than EL49.DE's 0.49% return.
VECP.DE
- 1D
- 0.10%
- 1M
- 0.70%
- YTD
- 0.52%
- 6M
- 0.36%
- 1Y
- 1.80%
- 3Y*
- 4.57%
- 5Y*
- 0.20%
- 10Y*
- —
EL49.DE
- 1D
- 0.02%
- 1M
- 0.71%
- YTD
- 0.49%
- 6M
- 0.04%
- 1Y
- 1.39%
- 3Y*
- 4.31%
- 5Y*
- -0.16%
- 10Y*
- 0.63%
VECP.DE vs. EL49.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VECP.DE Vanguard EUR Corporate Bond UCITS ETF Distributing | 0.52% | 3.00% | 4.33% | 7.73% | -13.11% | -0.93% | 2.85% | 6.02% | -1.10% | 0.23% |
EL49.DE Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF | 0.49% | 2.66% | 4.06% | 7.13% | -13.01% | -1.51% | 1.80% | 5.80% | -1.28% | -0.30% |
Correlation
The correlation between VECP.DE and EL49.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.80 |
The correlation between VECP.DE and EL49.DE has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.
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Return for Risk
VECP.DE vs. EL49.DE — Risk / Return Rank
VECP.DE
EL49.DE
VECP.DE vs. EL49.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 Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.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.
| VECP.DE | EL49.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.07 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 0.46 | +0.22 |
| Martin ratioReturn relative to average drawdown | 2.33 | 1.52 | +0.81 |
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
| VECP.DE | EL49.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 0.36 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | -0.03 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.47 | -0.29 |
Drawdowns
VECP.DE vs. EL49.DE - Drawdown Comparison
The maximum VECP.DE drawdown since its inception was -17.05%, roughly equal to the maximum EL49.DE drawdown of -16.77%. Use the drawdown chart below to compare losses from any high point for VECP.DE and EL49.DE.
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Drawdown Indicators
| VECP.DE | EL49.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.05% | -16.77% | -0.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | -3.05% | +0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -2.65% | -3.05% | +0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -17.05% | -16.77% | -0.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.77% | — |
Current DrawdownCurrent decline from peak | -0.67% | -1.87% | +1.20% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -3.21% | -1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.92% | -0.15% |
Volatility
VECP.DE vs. EL49.DE - Volatility Comparison
Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.DE) and Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.DE) have volatilities of 1.22% and 1.28%, 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
| VECP.DE | EL49.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 1.28% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 3.42% | -0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.20% | 3.85% | -0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.50% | 4.88% | -0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.08% | 5.25% | -0.17% |
VECP.DE vs. EL49.DE - Expense Ratio Comparison
VECP.DE has a 0.09% expense ratio, which is lower than EL49.DE'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
VECP.DE vs. EL49.DE - Dividend Comparison
VECP.DE's dividend yield for the trailing twelve months is around 3.41%, less than EL49.DE's 3.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL49.DE Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF | 3.49% | 3.50% | 3.24% | 3.04% | 0.75% | 0.69% | 0.69% | 0.88% | 0.75% | 1.15% | 1.52% | 1.82% |
VECP.DE Vanguard EUR Corporate Bond UCITS ETF Distributing | 3.41% | 3.43% | 3.37% | 3.00% | 1.45% | 0.66% | 0.76% | 0.79% | 0.97% | 0.19% | 0.00% | 0.00% |
Frequently Asked Questions
VECP.DE and EL49.DE have a correlation of 0.79, 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 0.20% for EL49.DE.
VECP.DE tracks Bloomberg Euro Corp TR EUR, while EL49.DE tracks iBoxx® EUR Liquid Corporates Diversified. They also come from different issuers: Vanguard and Deka. Their fees differ too: 0.09% for VECP.DE and 0.20% for EL49.DE.
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