VECP.DE vs. EUR=X
VECP.DE (Vanguard EUR Corporate Bond UCITS ETF Distributing) is European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR, while EUR=X (USD/EUR) is a currency. Over the past 5 years, VECP.DE returned 0.20%/yr vs 1.09%/yr for EUR=X. At a correlation of -0.04, they often move in opposite directions.
Performance
VECP.DE vs. EUR=X - 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 EUR=X's 1.96% return.
VECP.DE
- 1D
- 0.10%
- 1M
- 0.30%
- YTD
- 0.52%
- 6M
- 0.50%
- 1Y
- 2.12%
- 3Y*
- 4.57%
- 5Y*
- 0.20%
- 10Y*
- —
EUR=X
- 1D
- 0.80%
- 1M
- 1.97%
- YTD
- 1.96%
- 6M
- 1.05%
- 1Y
- -0.66%
- 3Y*
- -2.45%
- 5Y*
- 1.09%
- 10Y*
- -0.14%
VECP.DE vs. EUR=X - 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% |
EUR=X USD/EUR | 1.96% | -11.87% | 6.60% | -3.00% | 6.20% | 7.48% | -8.24% | 2.26% | 4.69% | -2.91% |
Correlation
The correlation between VECP.DE and EUR=X is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | -0.04 |
The correlation between VECP.DE and EUR=X shifts across timeframes, from -0.20 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VECP.DE vs. EUR=X — Risk / Return Rank
VECP.DE
EUR=X
VECP.DE vs. EUR=X - 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 USD/EUR (EUR=X). 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 | EUR=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 0.99 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | -0.10 | +0.77 |
| Martin ratioReturn relative to average drawdown | 2.33 | -0.21 | +2.54 |
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 | EUR=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | -0.09 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.13 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.09 | +0.09 |
Drawdowns
VECP.DE vs. EUR=X - Drawdown Comparison
The maximum VECP.DE drawdown since its inception was -17.05%, smaller than the maximum EUR=X drawdown of -20.32%. Use the drawdown chart below to compare losses from any high point for VECP.DE and EUR=X.
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Drawdown Indicators
| VECP.DE | EUR=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.05% | -20.32% | +3.27% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | -5.39% | +2.74% |
Max Drawdown (3Y)Largest decline over 3 years | -2.65% | -15.23% | +12.58% |
Max Drawdown (5Y)Largest decline over 5 years | -17.05% | -20.32% | +3.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.32% | — |
Current DrawdownCurrent decline from peak | -0.67% | -16.71% | +16.04% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -9.58% | +5.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 1.80% | -1.03% |
Volatility
VECP.DE vs. EUR=X - Volatility Comparison
Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.DE) and USD/EUR (EUR=X) have volatilities of 1.22% and 1.25%, 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 | EUR=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 1.25% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 4.44% | -1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.20% | 5.90% | -2.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.50% | 7.33% | -2.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.08% | 7.20% | -2.12% |
Frequently Asked Questions
VECP.DE and EUR=X have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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