VECP.DE vs. EUNW.DE
VECP.DE (Vanguard EUR Corporate Bond UCITS ETF Distributing) and EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) are both exchange-traded funds - VECP.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR, while EUNW.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield. Both are passively managed. Over the past 5 years, VECP.DE returned 0.20%/yr vs 2.68%/yr for EUNW.DE. At a 0.44 correlation, their price movements are largely independent. VECP.DE charges 0.09%/yr vs 0.50%/yr for EUNW.DE.
Performance
VECP.DE vs. EUNW.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 lower than EUNW.DE's 0.85% 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*
- —
EUNW.DE
- 1D
- 0.05%
- 1M
- 0.82%
- YTD
- 0.85%
- 6M
- 1.41%
- 1Y
- 3.18%
- 3Y*
- 6.32%
- 5Y*
- 2.68%
- 10Y*
- 3.10%
VECP.DE vs. EUNW.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% |
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 0.85% | 5.00% | 5.90% | 11.26% | -9.36% | 2.93% | 1.06% | 9.87% | -3.52% | -0.24% |
Correlation
The correlation between VECP.DE and EUNW.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.44 |
The correlation between VECP.DE and EUNW.DE shifts across timeframes, from 0.44 (all time) to 0.55 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VECP.DE vs. EUNW.DE — Risk / Return Rank
VECP.DE
EUNW.DE
VECP.DE vs. EUNW.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 iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.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 | EUNW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.19 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 1.12 | -0.45 |
| Martin ratioReturn relative to average drawdown | 2.33 | 4.73 | -2.40 |
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 | EUNW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 0.96 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.50 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.47 | -0.29 |
Drawdowns
VECP.DE vs. EUNW.DE - Drawdown Comparison
The maximum VECP.DE drawdown since its inception was -17.05%, smaller than the maximum EUNW.DE drawdown of -25.47%. Use the drawdown chart below to compare losses from any high point for VECP.DE and EUNW.DE.
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Drawdown Indicators
| VECP.DE | EUNW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.05% | -25.47% | +8.42% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | -2.83% | +0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -2.65% | -3.80% | +1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -17.05% | -14.79% | -2.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.47% | — |
Current DrawdownCurrent decline from peak | -0.67% | -0.10% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -2.31% | -2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.67% | +0.10% |
Volatility
VECP.DE vs. EUNW.DE - Volatility Comparison
Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.DE) has a higher volatility of 1.22% compared to iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) at 0.79%. This indicates that VECP.DE's price experiences larger fluctuations and is considered to be riskier than EUNW.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 | EUNW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 0.79% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 2.86% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.20% | 3.30% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.50% | 5.25% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.08% | 6.58% | -1.50% |
VECP.DE vs. EUNW.DE - Expense Ratio Comparison
VECP.DE has a 0.09% expense ratio, which is lower than EUNW.DE's 0.50% expense ratio.
Dividends
VECP.DE vs. EUNW.DE - Dividend Comparison
VECP.DE's dividend yield for the trailing twelve months is around 3.41%, less than EUNW.DE's 5.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 5.17% | 5.45% | 6.09% | 5.41% | 3.70% | 3.07% | 3.67% | 3.75% | 3.68% | 3.78% | 4.03% | 4.59% |
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 EUNW.DE have a correlation of 0.55, 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 0.50% for EUNW.DE.
VECP.DE is categorized as European Corporate Bonds, while EUNW.DE is European High Yield Bonds. VECP.DE tracks Bloomberg Euro Corp TR EUR, while EUNW.DE tracks iBoxx® EUR Liquid High Yield. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.09% for VECP.DE and 0.50% for EUNW.DE.
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