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 0.24%/yr vs 0.98%/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 1.23% return, which is significantly lower than EUR=X's 3.35% return.
VECP.DE
- 1D
- 0.08%
- 1M
- 0.80%
- YTD
- 1.23%
- 6M
- 1.38%
- 1Y
- 2.50%
- 3Y*
- 4.74%
- 5Y*
- 0.24%
- 10Y*
- —
EUR=X
- 1D
- -0.07%
- 1M
- 2.33%
- YTD
- 3.35%
- 6M
- 3.67%
- 1Y
- 2.55%
- 3Y*
- -1.37%
- 5Y*
- 0.98%
- 10Y*
- -0.31%
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 | 1.23% | 3.02% | 4.33% | 7.51% | -13.44% | -0.99% | 2.69% | 6.01% | -1.10% | -0.23% |
EUR=X USD/EUR | 3.35% | -11.87% | 6.60% | -3.00% | 6.20% | 7.48% | -8.24% | 2.26% | 4.69% | -1.55% |
Correlation
The correlation between VECP.DE and EUR=X is -0.19, 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 | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | -0.04 |
The correlation between VECP.DE and EUR=X shifts across timeframes, from -0.19 (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.
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 | EUR=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.07 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 0.39 | +0.56 |
| Martin ratioReturn relative to average drawdown | 3.20 | 0.88 | +2.31 |
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Drawdowns
VECP.DE vs. EUR=X - Drawdown Comparison
The maximum VECP.DE drawdown since its inception was -17.13%, 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 | -17.13% | -20.32% | +3.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.64% | -5.33% | +2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -2.64% | -15.23% | +12.59% |
Max Drawdown (5Y)Largest decline over 5 years | -17.13% | -20.32% | +3.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.32% | — |
Current DrawdownCurrent decline from peak | -0.31% | -15.58% | +15.27% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -9.49% | +4.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 1.78% | -1.00% |
Volatility
VECP.DE vs. EUR=X - Volatility Comparison
The current volatility for Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.DE) is 0.83%, while USD/EUR (EUR=X) has a volatility of 1.44%. This indicates that VECP.DE experiences smaller price fluctuations and is considered to be less risky than EUR=X 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 | EUR=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 1.44% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 4.12% | -1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.20% | 5.81% | -2.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.51% | 7.31% | -2.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.07% | 7.13% | -2.06% |
Frequently Asked Questions
VECP.DE and EUR=X have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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