VECP.L vs. EUCO.L
VECP.L (Vanguard EUR Corporate Bond UCITS ETF Distributing) and EUCO.L (SPDR Bloomberg Euro Corporate Bond UCITS ETF) are both European Corporate Bonds funds tracking the Bloomberg Euro Corp TR EUR, from Vanguard and State Street respectively. Both are passively managed. Over the past 10 years, VECP.L returned 2.41%/yr vs 2.01%/yr for EUCO.L. Their correlation of 0.84 suggests significant overlap in exposure. VECP.L charges 0.09%/yr vs 0.12%/yr for EUCO.L.
Performance
VECP.L vs. EUCO.L - Performance Comparison
Loading charts...
Different Trading Currencies
VECP.L is traded in GBP, while EUCO.L is traded in EUR. To make them comparable, the EUCO.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VECP.L achieves a -0.48% return, which is significantly lower than EUCO.L's -0.20% return. Over the past 10 years, VECP.L has outperformed EUCO.L with an annualized return of 2.41%, while EUCO.L has yielded a comparatively lower 2.01% annualized return.
VECP.L
- 1D
- 0.27%
- 1M
- 1.02%
- YTD
- -0.48%
- 6M
- -0.49%
- 1Y
- 4.68%
- 3Y*
- 4.97%
- 5Y*
- 0.73%
- 10Y*
- 2.41%
EUCO.L
- 1D
- 0.22%
- 1M
- 0.93%
- YTD
- -0.20%
- 6M
- -0.56%
- 1Y
- 4.66%
- 3Y*
- 4.72%
- 5Y*
- 0.15%
- 10Y*
- 2.01%
VECP.L vs. EUCO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VECP.L Vanguard EUR Corporate Bond UCITS ETF Distributing | -0.48% | 8.47% | 0.17% | 6.15% | -7.51% | -7.24% | 8.80% | 0.94% | -0.08% | 6.20% |
EUCO.L SPDR Bloomberg Euro Corporate Bond UCITS ETF | -0.20% | 8.42% | -0.29% | 5.49% | -9.21% | -7.07% | 8.44% | 0.68% | -0.41% | 6.44% |
Correlation
The correlation between VECP.L and EUCO.L is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2016 | 0.84 |
The correlation between VECP.L and EUCO.L has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VECP.L vs. EUCO.L — Risk / Return Rank
VECP.L
EUCO.L
VECP.L vs. EUCO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.L) and SPDR Bloomberg Euro Corporate Bond UCITS ETF (EUCO.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.L | EUCO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.17 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.26 | -0.05 |
| Martin ratioReturn relative to average drawdown | 3.08 | 3.19 | -0.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VECP.L | EUCO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.96 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.02 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.26 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.25 | +0.08 |
Drawdowns
VECP.L vs. EUCO.L - Drawdown Comparison
The maximum VECP.L drawdown since its inception was -20.56%, smaller than the maximum EUCO.L drawdown of -21.73%. Use the drawdown chart below to compare losses from any high point for VECP.L and EUCO.L.
Loading charts...
Drawdown Indicators
| VECP.L | EUCO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.56% | -21.73% | +1.17% |
Max Drawdown (1Y)Largest decline over 1 year | -3.86% | -3.69% | -0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -3.86% | -3.69% | -0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -16.13% | -17.15% | +1.02% |
Max Drawdown (10Y)Largest decline over 10 years | -20.56% | -21.73% | +1.17% |
Current DrawdownCurrent decline from peak | -3.44% | -6.32% | +2.88% |
Average DrawdownAverage peak-to-trough decline | -7.60% | -8.51% | +0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 1.46% | +0.06% |
Volatility
VECP.L vs. EUCO.L - Volatility Comparison
The current volatility for Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.L) is 1.45%, while SPDR Bloomberg Euro Corporate Bond UCITS ETF (EUCO.L) has a volatility of 1.53%. This indicates that VECP.L experiences smaller price fluctuations and is considered to be less risky than EUCO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VECP.L | EUCO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 1.53% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 3.73% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.82% | 4.85% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.17% | 6.33% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.58% | 7.69% | -0.11% |
VECP.L vs. EUCO.L - Expense Ratio Comparison
VECP.L has a 0.09% expense ratio, which is lower than EUCO.L'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.L vs. EUCO.L - Dividend Comparison
VECP.L's dividend yield for the trailing twelve months is around 3.42%, more than EUCO.L's 3.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUCO.L SPDR Bloomberg Euro Corporate Bond UCITS ETF | 3.26% | 3.25% | 3.07% | 2.13% | 0.96% | 0.89% | 0.86% | 1.38% | 0.89% | 1.21% | 1.36% | 1.71% |
VECP.L Vanguard EUR Corporate Bond UCITS ETF Distributing | 3.42% | 3.37% | 4.05% | 3.45% | 2.12% | 0.94% | 0.99% | 0.93% | 1.10% | 1.23% | 1.04% | 0.00% |
Frequently Asked Questions
VECP.L and EUCO.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VECP.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VECP.L is cheaper with a 0.09% expense ratio, compared with 0.12% for EUCO.L.
Both ETFs track Bloomberg Euro Corp TR EUR. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.09% for VECP.L and 0.12% for EUCO.L.
Find the right allocation for VECP.L and EUCO.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer