VECP.DE vs. IE3E.DE

Last updated Apr 16, 2026

VECP.DE (Vanguard EUR Corporate Bond UCITS ETF Distributing) and IE3E.DE (iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR Acc) are both European Corporate Bonds funds — VECP.DE tracks the Bloomberg Euro Corp TR EUR while IE3E.DE tracks the Bloomberg MSCI Euro Corporate 0-3 Sustainable SRI. Both are passively managed. Over the past 3 years, VECP.DE returned 4.46%/yr vs 3.65%/yr for IE3E.DE. A 0.70 correlation means they provide meaningful diversification when combined. VECP.DE charges 0.09%/yr vs 0.12%/yr for IE3E.DE.

Performance

VECP.DE vs. IE3E.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.DE) and iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR Acc (IE3E.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VECP.DE achieves a -0.04% return, which is significantly lower than IE3E.DE's 0.05% return.

VECP.DE

• 1D: -0.05%
• 1M: 0.44%
• YTD: -0.04%
• 6M: -0.42%
• 1Y: 2.60%
• 3Y*: 4.46%
• 5Y*: 0.09%
• 10Y*: —

IE3E.DE

• 1D: -0.12%
• 1M: 0.17%
• YTD: 0.05%
• 6M: 0.43%
• 1Y: 2.08%
• 3Y*: 3.65%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VECP.DE vs. IE3E.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VECP.DE Vanguard EUR Corporate Bond UCITS ETF Distributing	-0.04%	3.00%	4.33%	7.73%	-5.31%
IE3E.DE iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR Acc	0.05%	3.04%	4.31%	4.16%	-1.80%

Correlation

The correlation between VECP.DE and IE3E.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (All Time) Calculated using the full available price history since May 30, 2022	0.70

Over the past year, the correlation between VECP.DE and IE3E.DE has dropped to 0.47 — well below their long-term average of 0.70, suggesting their price drivers have been diverging.

Return for Risk

VECP.DE vs. IE3E.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VECP.DE

VECP.DE Risk / Return Rank: 19
VECP.DE Sharpe Ratio Rank: 19
VECP.DE Sortino Ratio Rank: 18
VECP.DE Omega Ratio Rank: 18
VECP.DE Calmar Ratio Rank: 18
VECP.DE Martin Ratio Rank: 22

IE3E.DE

IE3E.DE Risk / Return Rank: 36
IE3E.DE Sharpe Ratio Rank: 32
IE3E.DE Sortino Ratio Rank: 34
IE3E.DE Omega Ratio Rank: 39
IE3E.DE Calmar Ratio Rank: 32
IE3E.DE Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VECP.DE vs. IE3E.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 Corporate Bond 0-3yr ESG UCITS ETF EUR Acc (IE3E.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	IE3E.DE	Difference
Sharpe ratio Return per unit of total volatility	0.86	1.50	-0.64
Sortino ratio Return per unit of downside risk	1.27	2.25	-0.99
Omega ratio Gain probability vs. loss probability	1.16	1.32	-0.16
Calmar ratio Return relative to maximum drawdown	1.13	2.24	-1.11
Martin ratio Return relative to average drawdown	4.57	9.55	-4.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VECP.DE vs. IE3E.DE - Sharpe Ratio Comparison

The current VECP.DE Sharpe Ratio is 0.86, which is lower than the IE3E.DE Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of VECP.DE and IE3E.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VECP.DE	IE3E.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	1.50	-0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	1.55	-1.38

Drawdowns

VECP.DE vs. IE3E.DE - Drawdown Comparison

The maximum VECP.DE drawdown since its inception was -17.05%, which is greater than IE3E.DE's maximum drawdown of -3.12%. Use the drawdown chart below to compare losses from any high point for VECP.DE and IE3E.DE.

Drawdown Indicators

	VECP.DE	IE3E.DE	Difference
Max Drawdown Largest peak-to-trough decline	-17.05%	-3.12%	-13.93%
Max Drawdown (1Y) Largest decline over 1 year	-2.65%	-0.98%	-1.67%
Max Drawdown (5Y) Largest decline over 5 years	-17.05%	—	—
Current Drawdown Current decline from peak	-1.22%	-0.42%	-0.80%
Average Drawdown Average peak-to-trough decline	-4.38%	-0.56%	-3.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.66%	0.23%	+0.43%

Volatility

VECP.DE vs. IE3E.DE - Volatility Comparison

Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.DE) has a higher volatility of 1.69% compared to iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR Acc (IE3E.DE) at 0.79%. This indicates that VECP.DE's price experiences larger fluctuations and is considered to be riskier than IE3E.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VECP.DE	IE3E.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.69%	0.79%	+0.90%
Volatility (6M) Calculated over the trailing 6-month period	2.42%	1.28%	+1.14%
Volatility (1Y) Calculated over the trailing 1-year period	3.06%	1.40%	+1.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.47%	1.59%	+2.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.10%	1.59%	+3.51%

VECP.DE vs. IE3E.DE - Expense Ratio Comparison

VECP.DE has a 0.09% expense ratio, which is lower than IE3E.DE's 0.12% 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. IE3E.DE - Dividend Comparison

VECP.DE's dividend yield for the trailing twelve months is around 3.41%, while IE3E.DE has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
IE3E.DE iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%