VECP.DE vs. V3AA.DE

Last updated Jun 5, 2026

VECP.DE (Vanguard EUR Corporate Bond UCITS ETF Distributing) and V3AA.DE (Vanguard ESG Global All Cap UCITS ETF (USD) Acc) are both exchange-traded funds - VECP.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR, while V3AA.DE is a Global Equities fund tracking the FTSE Global All Cap Choice Index. Both are passively managed. Over the past 5 years, VECP.DE returned 0.20%/yr vs 11.33%/yr for V3AA.DE. At a 0.28 correlation, their price movements are largely independent. VECP.DE charges 0.09%/yr vs 0.24%/yr for V3AA.DE.

Performance

VECP.DE vs. V3AA.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 Vanguard ESG Global All Cap UCITS ETF (USD) Acc (V3AA.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 0.52% return, which is significantly lower than V3AA.DE's 12.77% 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*: —

V3AA.DE

• 1D: -0.11%
• 1M: 5.86%
• YTD: 12.77%
• 6M: 13.63%
• 1Y: 27.04%
• 3Y*: 17.62%
• 5Y*: 11.33%
• 10Y*: —

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

VECP.DE vs. V3AA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VECP.DE Vanguard EUR Corporate Bond UCITS ETF Distributing	0.52%	3.00%	4.33%	7.73%	-13.11%	-0.21%
V3AA.DE Vanguard ESG Global All Cap UCITS ETF (USD) Acc	12.77%	7.60%	24.41%	20.63%	-18.04%	20.19%

Correlation

The correlation between VECP.DE and V3AA.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (All Time) Calculated using the full available price history since Mar 26, 2021	0.28

The correlation between VECP.DE and V3AA.DE shifts across timeframes, from 0.28 (all time) to 0.43 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

VECP.DE vs. V3AA.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: 18
VECP.DE Sharpe Ratio Rank: 19
VECP.DE Sortino Ratio Rank: 17
VECP.DE Omega Ratio Rank: 17
VECP.DE Calmar Ratio Rank: 18
VECP.DE Martin Ratio Rank: 21

V3AA.DE

V3AA.DE Risk / Return Rank: 68
V3AA.DE Sharpe Ratio Rank: 67
V3AA.DE Sortino Ratio Rank: 68
V3AA.DE Omega Ratio Rank: 67
V3AA.DE Calmar Ratio Rank: 67
V3AA.DE Martin Ratio Rank: 72

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. V3AA.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 Vanguard ESG Global All Cap UCITS ETF (USD) Acc (V3AA.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	V3AA.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.56	2.17	-1.61
Sortino ratio: Return per unit of downside risk	0.84	3.04	-2.20
Omega ratio: Gain probability vs. loss probability	1.10	1.40	-0.29
Calmar ratio: Return relative to maximum drawdown	0.68	3.30	-2.62
Martin ratio: Return relative to average drawdown	2.33	13.32	-11.00
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. V3AA.DE - Sharpe Ratio Comparison

The current VECP.DE Sharpe Ratio is 0.56, which is lower than the V3AA.DE Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of VECP.DE and V3AA.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	V3AA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.56	2.17	-1.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	0.78	-0.73
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.82	-0.64

Drawdowns

VECP.DE vs. V3AA.DE - Drawdown Comparison

The maximum VECP.DE drawdown since its inception was -17.05%, smaller than the maximum V3AA.DE drawdown of -22.30%. Use the drawdown chart below to compare losses from any high point for VECP.DE and V3AA.DE.

Drawdown Indicators

	VECP.DE	V3AA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-17.05%	-22.30%	+5.25%
Max Drawdown (1Y) Largest decline over 1 year	-2.65%	-8.16%	+5.51%
Max Drawdown (3Y) Largest decline over 3 years	-2.65%	-22.30%	+19.65%
Max Drawdown (5Y) Largest decline over 5 years	-17.05%	-22.30%	+5.25%
Current Drawdown Current decline from peak	-0.67%	-0.75%	+0.08%
Average Drawdown Average peak-to-trough decline	-4.33%	-5.91%	+1.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.77%	2.03%	-1.26%

Volatility

VECP.DE vs. V3AA.DE - Volatility Comparison

The current volatility for Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.DE) is 1.22%, while Vanguard ESG Global All Cap UCITS ETF (USD) Acc (V3AA.DE) has a volatility of 3.38%. This indicates that VECP.DE experiences smaller price fluctuations and is considered to be less risky than V3AA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VECP.DE	V3AA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.22%	3.38%	-2.16%
Volatility (6M) Calculated over the trailing 6-month period	2.76%	9.13%	-6.37%
Volatility (1Y) Calculated over the trailing 1-year period	3.20%	12.42%	-9.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.50%	14.42%	-9.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.08%	14.33%	-9.25%

VECP.DE vs. V3AA.DE - Expense Ratio Comparison

VECP.DE has a 0.09% expense ratio, which is lower than V3AA.DE's 0.24% 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. V3AA.DE - Dividend Comparison

VECP.DE's dividend yield for the trailing twelve months is around 3.41%, while V3AA.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
V3AA.DE Vanguard ESG Global All Cap UCITS ETF (USD) Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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%

Frequently Asked Questions

Can I hold both VECP.DE and V3AA.DE in my portfolio?

VECP.DE and V3AA.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VECP.DE or V3AA.DE?

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.

Which ETF is cheaper, VECP.DE or V3AA.DE?

VECP.DE is cheaper with a 0.09% expense ratio, compared with 0.24% for V3AA.DE.

What is the main difference between VECP.DE and V3AA.DE?

VECP.DE is categorized as European Corporate Bonds, while V3AA.DE is Global Equities. VECP.DE tracks Bloomberg Euro Corp TR EUR, while V3AA.DE tracks FTSE Global All Cap Choice Index. Their fees differ too: 0.09% for VECP.DE and 0.24% for V3AA.DE.