VECP.DE vs. IBGS.L
VECP.DE (Vanguard EUR Corporate Bond UCITS ETF Distributing) and IBGS.L (iShares Euro Government Bond 1-3yr UCITS ETF (Dist)) are both exchange-traded funds - VECP.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR, while IBGS.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt 1-3 Yr TR EUR. Both are passively managed. Over the past 5 years, VECP.DE returned 0.20%/yr vs 0.82%/yr for IBGS.L. At a 0.22 correlation, their price movements are largely independent. VECP.DE charges 0.09%/yr vs 0.15%/yr for IBGS.L.
Performance
VECP.DE vs. IBGS.L - Performance Comparison
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Different Trading Currencies
VECP.DE is traded in EUR, while IBGS.L is traded in GBP. To make them comparable, the IBGS.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VECP.DE achieves a 0.52% return, which is significantly higher than IBGS.L's 0.05% 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*
- —
IBGS.L
- 1D
- 0.10%
- 1M
- 0.33%
- YTD
- 0.05%
- 6M
- 0.34%
- 1Y
- 0.99%
- 3Y*
- 2.65%
- 5Y*
- 0.82%
- 10Y*
- 0.38%
VECP.DE vs. IBGS.L - 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% |
IBGS.L iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 0.05% | 2.14% | 3.07% | 3.65% | -4.21% | -1.21% | -0.34% | 1.25% | -0.60% | -0.58% |
Correlation
The correlation between VECP.DE and IBGS.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.22 |
The correlation between VECP.DE and IBGS.L shifts across timeframes, from 0.22 (all time) to 0.33 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VECP.DE vs. IBGS.L — Risk / Return Rank
VECP.DE
IBGS.L
VECP.DE vs. IBGS.L - 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 Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.L). 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 | IBGS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.07 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 0.74 | -0.06 |
| Martin ratioReturn relative to average drawdown | 2.33 | 2.20 | +0.13 |
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 | IBGS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 0.41 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.25 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.22 | -0.03 |
Drawdowns
VECP.DE vs. IBGS.L - Drawdown Comparison
The maximum VECP.DE drawdown since its inception was -17.05%, which is greater than IBGS.L's maximum drawdown of -7.27%. Use the drawdown chart below to compare losses from any high point for VECP.DE and IBGS.L.
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Drawdown Indicators
| VECP.DE | IBGS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.05% | -7.27% | -9.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | -1.33% | -1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -2.65% | -1.56% | -1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -17.05% | -5.72% | -11.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -7.27% | — |
Current DrawdownCurrent decline from peak | -0.67% | -0.53% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -1.63% | -2.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.45% | +0.32% |
Volatility
VECP.DE vs. IBGS.L - Volatility Comparison
Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.DE) has a higher volatility of 1.22% compared to iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.L) at 0.95%. This indicates that VECP.DE's price experiences larger fluctuations and is considered to be riskier than IBGS.L 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 | IBGS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 0.95% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 1.82% | +0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.20% | 2.38% | +0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.50% | 3.35% | +1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.08% | 4.03% | +1.05% |
VECP.DE vs. IBGS.L - Expense Ratio Comparison
VECP.DE has a 0.09% expense ratio, which is lower than IBGS.L's 0.15% 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. IBGS.L - Dividend Comparison
VECP.DE's dividend yield for the trailing twelve months is around 3.41%, more than IBGS.L's 2.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBGS.L iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 2.17% | 2.39% | 2.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.28% |
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 IBGS.L have a correlation of 0.29, 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 0.15% for IBGS.L.
VECP.DE is categorized as European Corporate Bonds, while IBGS.L is European Government Bonds. VECP.DE tracks Bloomberg Euro Corp TR EUR, while IBGS.L tracks Bloomberg Euro Agg Govt 1-3 Yr TR EUR. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.09% for VECP.DE and 0.15% for IBGS.L.
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